MARKET EYE-Indian shares flat; pharma shares fall

Fri Nov 23, 2012 10:21am IST

Related Topics

Stocks

   

* The BSE index and the NSE index flat, as
investors wait for announcements regarding proposed bills to
open up the insurance, pension and banking sectors in the
ongoing winter session of parliament.
* On Thursday India approved a new drug pricing policy designed
to increase the number of drugs deemed essential that are
subject to price caps, a move that will curtail prices. 
    
* GlaxoSmithKline Pharmaceuticals down 1.2 percent,
Ranbaxy Laboratories falls 0.3 percent.  
* The NSE bank index that gained 1.78 percent outperforming the
50 share NSE index in the last three trading sessions was
trading lower, ICICI Bank down 0.4 percent.
* Hindustan Copper Ltd down 12.46 percent, after
government set the base price at 155 rupees a share for its 4
percents stake sale, way below Thursday's closing price of
266.15 rupees.   

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Photo

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

Short of Expectations

Short of Expectations

Apple revenue lags Street's view despite strong China growth  Full Article 

Mircosoft Results

Microsoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Photo

Food Scandal

Five held in China food scandal probe, including head of Shanghai Husi Food   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage