Lupin Soars Over 2% On Getting Nod For Bacterial Infection Medications Lupin Soars Over 2% On Getting Nod For Bacterial Infection Medications Sulfamethoxazole and Trimethoprim Oral Suspension USP is indicated for treating and preventing a variety of bacterial infections, such as middle ear, urine, respiratory, and intestinal infections
Updated: January 07, 2021 10:29 am IST
At 10:25 am, the shares of Lupin were trading at Rs 101.30, up 0.35 per cent on the BSE.
Lupin shares edged higher in early trading after the pharma company, on Wednesday, received approval from the United States Food and Drug Administration (USFDA) for its Sulfamethoxazole and Trimethoprim Oral Suspension USP, 200 mg/40 mg per 5 ml, to market a generic equivalent of Bactrim Oral Suspension, 200 mg/40 mg per 5 mL, of Sun Pharmaceutical Industries, Inc. The shares of Lupin touched an intra-day high of Rs 1,025, up 2.4 per cent in early trading, and at 10:25 am, the shares were trading at Rs 101.30, up 0.35
Stocks To Watch: Dixon Technologies, Sobha Ltd, Lupin, Bandhan Bank, NMDC The domestic stock markets are likely to open in the green after a day s paused due to positive cues from across the global markets.
Updated: January 07, 2021 10:03 pm IST
The domestic stock markets are likely to open in the green after a day s paused due to positive cues from across the global markets. Asian markets are looking up in early trading, Wall Street had a firm closing and early trends on SGX Nifty indicate a positive opening for the index in India, with a 74-points gain. At 7:30 am, the Nifty futures were trading at 14,254, higher by 74 points or 0.67 per cent on the Singapore Stock Exchange.
The main equity indices closed mildly lower on Thursday. Buying was seen in metal, realty and financial stocks while FMCG, IT and pharma shares corrected. As per the provisional closing data, the S&P BSE Sensex, fell 80.74 points or 0.17% at 48,093.43. The Nifty 50 index fell 8.9 points or 0.06% at 14,137.80.
The broader market outperformed the benchmarks. The S&P BSE Mid-Cap index added 1.05% while the S&P BSE Small-Cap index rose 0.85%.
Buyers outpaced sellers. On the BSE, 1974 shares rose and 1101 shares fell. A total of 152 shares were unchanged. In Nifty 50 index, 27 stocks advanced while 23 stocks declined.
Foreign portfolio investors (FPIs) sold shares worth Rs 483.64 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 380.41 crore in the Indian equity market on 6 January 2021, provisional data showed.
Stocks in news: Bandhan Bank, Lupin, TCS, SBI, Wipro, Maruti
Stocks to watch today on January 7: Bandhan Bank, Lupin, TCS, SBI, Wipro, Maruti among others are the top stocks to watch out for in Thursday s trading session
BusinessToday.In | January 7, 2021 | Updated 09:41 IST
Stocks to watch today on January 7
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Thursday s trading session based on latest developments.
Bandhan Bank: Loans and advances rose 5% quarter-on-quarter to Rs 80,255 crore in October-December. Total deposits rose 8% quarter-on-quarter to Rs 71,188 crore. Ratio of retail deposits to total deposits rose to 81% in October-December, as compared with 77% as on September 30. CASA ratio rose to 43% in third quarter, as compared with 38% in July-September 2020.
Local indices are trading on a firm note in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 234.60 points or 0.49% at 48,408.66. The Nifty 50 index was up 74.80 points or 0.53% at 14,221.05.
The S&P BSE Mid-Cap index was up 1.01%. The S&P BSE Small-Cap index was up 1.05%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1769 shares rose and 368 shares fell. A total of 79 shares were unchanged.
Stocks in news:
Maruti Suzuki India rose 0.4%. Maruti Suzuki India said total production increased to 1.55 lakh vehicles in December 2020, from 1.15 lakh vehicles in December 2019.