Dr Reddy's falls Shares of Dr Reddy’s Laboratories fell 4 percent on Monday morning as investors reacted to observations being issued to the company by US FDA.
The stock touched an intraday high of Rs 2,704.70 and an intraday low of Rs 2,659.95.
The company on Friday told the exchanges that its Formulations Manufacturing Plant - 3 at Bachupally, Hyderabad had been inspected by the US FDA. It has been issued a Form 483 with 11 observations
Indiabulls Housing cracks 5% Shares of Indiabulls Housing Finance are down around 5 percent in trade on Monday morning. Take a look at its intraday chart.
Market opens Equity benchmarks have opened marginally lower, with the Nifty trading around 10,900.
The Sensex is down 53.26 points or 0.15% at 36493.22, while the Nifty is down 36.90 points or 0.34% at 10906.70. The market breadth is narrow as 211 shares advanced, against a decline of 169 shares, while 62 shares were unchanged.
Selling is visible across sectors, with maximum pain seen in automobiles and pharmaceuticals, among others. The Nifty Midcap index is down around 0.20 percent.
Bharti Airtel, Yes Bank, Tata Steel and Titan are the top gainers, while M&M, Power Grid, Dr Reddy’s and Tata Motors lost the most.
Rupee opens The Indian rupee has opened at 71.23 per US dollar. This implies an appreciation of 8 paise from its previous close of 71.31 per US dollar.
On Friday, the rupee appreciated by 14 paise Friday to close at 71.31 against the US dollar on persistent foreign fund inflows even as the greenback strengthened overseas amid fresh concerns over global growth.
Market at pre-open Pre-opening rates indicate a flat start for equity benchmarks on Monday morning.
The Sensex is up 39.31 points or 0.11% at 36585.79, and the Nifty up 7.10 points or 0.06% at 10950.70.
The rupee has opened at 71.23 per US dollar against Friday’s close of 71.31 per US dollar.
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