The Street may see volatility ahead of exit polls that will be announced later in the day. On the international front, all eyes are on the US Federal Reserve that which may raise rates due to strong private payrolls. Dr Reddy's will be on investors' radar after it received 13 observations for its unit by the US drug regulator.
Watch NSE FinWiz Season 4 visits Dr Reddy's Hyderabad campus to help the employees with their personal finance goals.
Surajit Pal, Research Analyst at Prabhudas Lilladher, said the pharma sector is undergoing a transition and all the large midcaps will underperform.
The volatility continued in noon trade after the Nifty reclaimed 8300 level. Oil and banking & financials stocks continued to support the market but the sell-off in technology stocks weighed.
The Board also cleared proposals of M/s Quintillion Business Media Pvt. Ltd and M/s BMJ Group lndia Pvt Ltd.
TCS, Asian Paints, Maruti, Bajaj Auto and Infosys are top gainers while Dr Reddy's Labs, Cipla, Lupin, ITC and ICICI Bank are losers in the Sensex.
Dr Reddy's Laboratories has launched raloxifene hydrochloride tablets in 60 mg, a therapeutic equivalent generic version of Evista tablets, in the United States market.
Dr Reddy's Laboratories on Wednesday said it has entered into a collaboration with Gland Pharma to market and distribute a diverse portfolio of eight injectable Abbreviated New Drug Applications (ANDAs) in the US market.
BHEL, ICICI Bank, Maruti, Tata Motors and SBI are top gainers in the Sensex. Dr Reddy's dived 10 percent while Sun Pharma, Bajaj Auto and Lupin are other losers.
Dr Reddy's Labs, Tata Motors, HDFC, Maruti and Tata Steel are top gainers in the Sensex.
NTPC, Reliance, ONGC, Tata Steel and GAIL are top gainers while Infosys, Dr Reddy's Labs, HUL, ITC and Bajaj Auto are losers in the Sensex.
Sun Pharma, Lupin, SBI, Adani Ports and Cipla are top gainers while Tata Motors, ITC, BHEL, NTPC and Bharti Airtel are losers in the Sensex.
Hindalco, Tata Steel, Dr Reddy's Labs, Sun Pharma and ONGC are top gainers while SBI, ICICI Bank, NTPC, HUL and Bajaj Auto are major losers in the Sensex.
Dr Reddy's Labs, Tata Motors, Lupin, Tata Steel and Vedanta are top gainers while BHEL, Axis Bank, Bahrti Airtel, GAIL and Sun Pharma.
Tata Motors, GAIL, Coal India, Cipla and Dr Reddy's Labs are top gainers in the Sensex. Among the losers are BHEL, Infosys, HDFC twins and Bajaj Auto.
ONGC, Bharti Airtel, Dr Reddy's Labs, Lupin and Wipro while Vedanta, Bajaj Auto, BHEL, TCS and Tata Steel are among laggards in the Sensex.
Dr Reddy's Labs, Lupin, Sun Pharma, Cipla and Infosys are top gainers while ITC, Tata Steel, ICICI Bank, Hero and HDFC Bank are among laggards in the Sensex.
The Nifty closed July series below the 8450 level. The 50-share index was at 8421.80, up 46.75 points or 0.6 percent. The Sensex gained 141.92 points or 0.5 percent at 27705.35.
ONGC, Lupin, HDFC, Tata Steel and BHEL are top gainers in the Sensex while Dr Reddy's, NTPC, TCS, Axis Bank and HUL are among major losers.
Brokers said local traders were wary of buying at higher levels as foreign institutional investors do not appear too bullish at the moment.
The Indian currency has weakened to 64 per dollar. The rupee fell to its lowest in 20 months on Thursday, weighed down by concerns over the government's taxation policies that threaten to reduce the allure of local assets for foreign institutions, while a global debt sell-off also hurt.
Dr Reddy's Labs, Reliance, HDFC Bank, Hero MotoCorp and HUL are top gainers in the Sensex. Among the top losers are Coal India, HDFC, Bharti Airtel, SBI and ICICI Bank.
Ranbaxy has lost out on its last big drug opportunity in the US market. The US drug regulator has denied the company 180-day exclusivity for the generic version of heart burn drug Nexium. However Archana Shukla reports that Ranbaxy's loss means good times for global rival Teva and Cipla.
HUL, Infosys, Dr Reddy's Labs, Axis Bank and SBI are top gainers while Coal India, Reliance, Bajaj Auto and Hero are major laggards.
Ukraine's new PM has accused Russia of declaring war on the country. This is after Russia moved troops to three bases in Crimea on Sunday. The G7 has condemned Russia‘s intrusion into Ukraine and canceled preparations for the G8 summit that had been scheduled to take place in Sochi in June.