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Realty stocks weigh on share markets
Tue, 5 Feb 11:30 am

Indian equity markets continued to trade in the red after opening the trade on a weak note earlier today. Sectoral indices are mostly trading in the red led by realty and consumer durables stocks.

The BSE-Sensex is trading lower by 50 points and NSE-Nifty is trading down by 21 points. BSE Mid Cap and BSE Small Cap indices are trading down by 0.7% and 0.8% respectively. The rupee is trading at 53.22 to the US dollar.

Indian pharma stocks are trading mostly in the red led by Wockhardt Limited and Orchid Chemicals. According to a leading daily, Indian pharma major Sun Pharmaceuticals has received US Food and Drug Administration (USFDA) approval for first generic version of the cancer drug Doxil. The Sun Pharma subsidiary got the approval for its Abbreviated New Drug Application (ANDA) for generic version of Doxil (doxorubicin hydrochloride liposome injection). Doxorubicin HCl liposome injection is used to treat patients with ovarian cancer that has progressed or recurred after platinum-based chemotherapy. The drug will be available in 20 mg and 50 mg vials and is currently on the FDA's drug shortage list. We may note here that for such drugs on shortage list, FDA is using a priority review system to help alleviate these shortages. The stock is trading higher on this news and is currently up by more than 3.5%.

Food stocks are trading weak led by Tata Global Beverages and Godfrey Phillips. As per a leading daily, Nestle India is looking to buy 26% stake in a dairy company named Indocon Agro and Allied Activities Private Limited. However, it is subject to the fulfilling of obligations by both Nestle and Indocon. Indocon is involved in the business of milk collection in western India and Nestle feels that this acquisition would help in creating shared value with farmers engaged in milk business. Nestle sells milk and other milk based products including yogurt. The stock is currently trading up by 1%.

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Stock Market Updates

Bloodbath on Dalal Street: 6 Reasons Why Sensex Nosedived 1,939 Points Today (Today's Market)

Feb 26, 2021 Closing

Indian share markets end deep in the red with the Sensex down by 1,939 points and the Nifty ending down by 568 points.

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

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