Markets recovery from early day losses but not impressiv enough
August 12th, 2008
The Indian stock markets recovered from the early day losses but the rebound isn’t impressive enough. Nifty is trading at 4557 down by 1.36%. Bank Nifty is down 3.44% while CNX IT is down 2%.
BSE Sensex is down 258 points or 1.67% and is trading at 15245. BSE Midcap Index is down 0.62% while BSE Smallcap Index is down 0.44%
News is that Dr Reddy’s Laboratories and Teva have settled their patent dispute over carvedilol. With this DRL will be free to sell the carvedilol in the US Markets. The script is trading at Rs. 600.00 on the BSE and is down 1.5%
1 U.S. dollar = 42.1656266 Indian rupees
Entry Filed under: Equity Markets
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