ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

Nifty hovers around 8,600-mark; Alkem Lab down 5% after US FDA inspection

The Indian Rupee opened unchanged at 66.85 per dollar against previous close at same level.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Nifty hovers around 8,600-mark; Alkem Lab down 5% after US FDA inspection
Pharma companies, Jubilant Life Sciences and Alkem Laboratories were in focus. Photo: IANS

After Thursday's massive drop, the domestic indices on Friday opened marginally up as the investors remained cautious due to ongoing India-Pakistan tensions. The investors also remained nervous ahead of the Reserve Bank of India's monetary policy meet which is scheduled for Tuesday, 4 October.

At 0919 hours, the BSE Sensex was trading at 27,857.25, up 30 points, or 0.11%. While NSE Nifty was at 8,608, up 16.75 points, or 0.19%.

On 30-share benchmark, among top gainers were Infosys (0.84%), GAIL (0.81%), Wipro (0.73%), Reliance Industries (0.46%) and Tata Consultancy Services (0.26%). Among losers were Adani Ports (-2.34%), Dr Reddy's Laboratories (-2.08%), ICICI Bank (-1.31%), Power Grid (-1.09%) and Hero MotoCorp (-1.04%).

Pharma companies, Jubilant Life Sciences and Alkem Laboratories were in focus. Jubilant Life Sciences shares surged nearly 2% after the company received approval to raise $300 million via bond issuance.

While, the shares of Alkem Laboratories plunged over 5% after US Food and Drug Administration conducted an inspection at the company's manufacturing facility. Following the inspection, the company received the report which contained 483 obsevations.

During early trade shares of the company were trading at Rs 1709.20 per piece, down 5.26%, or Rs 94.85.

The Indian Rupee opened unchanged at 66.85 per dollar against previous close at same level.

On global front, Asian stocks followed Wall Street lower in early trade, while oil prices held close to the highest level in almost a month on optimism over an OPEC plan to curb output, a Reuters report said.

On Thursday, Wall Street lost about 1% as Deutsche Bank shares slumped to a record low after a report that trading clients had withdrawn excess cash and positions held in the largest German lender, the report added.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
SensexNiftyIndia-Pakistan surgical strikeBSENSEReserve Bank of IndiaAlkem LabsRupee
Written By: ZeeBiz WebTeam
Updated: Fri, Sep 30, 2016
10:24 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Weekly expiry, Q3 Results, global market action among triggers that may impact Sensex, Nifty movement on Thursday Weekly expiry, Q3 Results, global market action among triggers that may impact Sensex, Nifty movement on Thursday
Closing Bell: Sensex hits triple ton, Nifty up 150 points as RBI repo rate hike on expected lines Closing Bell: Sensex hits triple ton, Nifty up 150 points as RBI repo rate hike on expected lines
US jobs data unsettles Wall Street; 10 triggers that may impact Sensex, Nifty movement on Tuesday US jobs data unsettles Wall Street; 10 triggers that may impact Sensex, Nifty movement on Tuesday
Sensex ends 330 points down, Monday blues for Nifty too as metals, IT take hit Sensex ends 330 points down, Monday blues for Nifty too as metals, IT take hit
Market Next Week: Tata Steel, Hero Moto, M&M results, RBI policy meeting, macro data, global cues among top cues for D-Street Market Next Week: Tata Steel, Hero Moto, M&M results, RBI policy meeting, macro data, global cues among top cues for D-Street

LATEST NEWS

RBI projects economic growth at 6.4% for next financial year

Weekly expiry, Q3 Results, global market action among triggers that may impact Sensex, Nifty movement on Thursday

LinkedIn crosses 100 million members milestone in India

Moto E13 Price in India: Motorola launches affordable phone with 5,000mAh battery, 13MP AI-powered camera and much more - Details

Xiaomi 13 Pro Launch Date In India Confirmed: Check expected specifications, price and other details

India vs Australia Test Series 2023: How to book tickets for Border-Gavaskar Trophy matches online

Ahmedabad to be renamed as 'Karnavati' ABVP to launch campaign

France's Total puts hydrogen partnership with Adani on hold for now

Permanent hair straightening products may give you cancer, women more susceptible: Research

​M&M Q3 Results Preview: Auto major may report robust earnings; profit seen growing by 37% YoY

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV