Stocks in news: Bharti Airtel, Reliance Industries, Tata Motors, Union Bank of India, HCL Tech and more
Stocks in news: Bharti Airtel, Reliance Industries, Tata Motors, Union Bank of India, HCL Tech, Union Bank of India, Infosys and more
BusinessToday.In | May 18, 2021 | Updated 09:21 IST
Stocks in news: Gland Pharma, Bharti Airtel, Reliance Industries, HCL Technologies, Tata Motors, Union Bank of India, Infosys, Zuari Agro Chemicals, Bharat Forge, Strides Pharma Science, Gland Pharma
Sensex and Nifty were likely to open higher today as Nifty futures on the Singapore Exchange rose 157 points, or 1.05 per cent, at 15,103. On Monday, Sensex and Nifty started the week on a strong note amid a fall in daily Covid-19 cases and a strong rally in banking stocks. While Sensex rallied 848 points to 49,580, Nifty soared 245 points to 14,923. Top Sensex gainers were IndusInd Bank, SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv and UltraTech Cement rallying up to 7%.
[Funding alert] Stelis concludes $195 M Series B, C fund raise yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
The product will be manufactured at the company s facility at Bengaluru and will be marketed by Strides Pharma Inc. in the US market.Strides Pharma Science (Strides) on Monday (15 March) announced that its step-down wholly owned subsidiary, Strides Pharma Global, Singapore, has received approval for potassium chloride for oral solution USP, 20 mEq from the United States Food & Drug Administration (USFDA).
The product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Potassium Chloride for Oral Solution USP, 20 mEq, of Pharma Research Software Solution.
According to IQVIA MAT January 2021 data, the US market for Potassium Chloride for Oral Solution USP, 20 mEq is approximately $56 million.
Key equity indices traded in a narrow range near the day s low in afternoon trade. The Nifty was trading below the 14,800 mark. Rising domestic inflation and increase in COVID-19 cases sapped investors appetite for risk assets.
At 13:20 IST, the barometer index, the S&P BSE Sensex, tanked 859.26 points or 1.69% at 49,932.82. The Nifty 50 index lost 256.65 points or 1.71% at 14,774.30.
Reliance Industries (down 2.25%), ICICI Bank (down 3.39%) and HDFC Bank (down 2.02%) were major drags.
The broader market tumbled. The S&P BSE Mid-Cap index declined 1.80%. The S&P BSE Small-Cap index dropped 1.12%.
Sellers outnumbered buyers. On the BSE, 898 shares rose and 2,049 shares fell. A total of 184 shares were unchanged.
Market declines for 2nd day, Nifty ends below 15,000 mark business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.