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Sectorally, Nifty Pharma led the gains, rising nearly 2 percent. Nifty Bank, too, was up over a percent, as the market waits for finance minister Nirmala Sitharaman's interim budget, which she will present on February 1
Dr Reddy's acquires MenoLabs' women health brands in US through Chapter 11 bankruptcy proceeding. The acquisition includes a portfolio of seven branded products for perimenopause and menopause treatment, as well as a health tracker app. Dr Reddy's aims to accelerate growth in the women's nutritional and wellness markets.
In Primeshots today: Electric cars may pay lower import duty; Dr. Reddys to study weight-loss drug; and Swiggy gets valuation mark-up.
We had mentioned in Wednesday’s closing report that Nifty and Sensex remain weak. On Thursday, we witnessed bloodbath in markets with profit booking seen across all sectors..
Read more about US Stocks mostly up on labour data on Business Standard. At the close of trade, the Dow Jones Industrial Average index advanced 141.59 points, or 0.41%, to 34,465. The S&P 500 index added 489 points, or 0.12%, at 4,201. The tech-heavy Nasdaq Composite Index fell 1.72 points, or 0.01%, to 13,736.