Federal Reserve
Fed keeps buying bonds, sees economic risks easing
The Federal Reserve on Wednesday said risks to the outlook for the U.S. economy and job market had eased since last fall, but it said it would keep buying $85 billion in bonds per month given the still-high level of unemployment. Full Article | Instant view
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
MARKET EYE-Pharma stocks fall on speculation over pricing policy
 |
Rahul Gandhi
The Congress lawmaker and scion of the Nehru-Gandhi dynasty turns 43 on Wednesday. Slideshow
* Shares in Indian drugmakers fall on speculation the government's final decision on the pricing policy for the sector might be more disruptive than expected. * Local media reports suggest a panel of ministers has agreed to settle on a market-based pricing mechanism, as expected, but capping drug prices at a simple average price of brands as opposed to the initial proposal of using a weighted average. link.reuters.com/jur24t * The proposal, if finalised, would be "incrementally negative" for the sector, but the impact would vary from company to company, Nomura says in a note on Thursday. * The new proposal is likely to be more negative for Dr Reddy's , Glenmark and Cadila Healthcare, Nomura says. * Cipla falls 0.1 percent, while Ranbaxy Laboratories is down 0.9 percent. * Dr Reddy's Laboratories is flat, Glenmark Pharmaceuticals is up 3.9 percent and Cadila gains 2.2 percent. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net/kaustubh.kulkarni@thoms onreuters.com /; kaustubh.kulkarni.reuters.com@reuters.net)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters