Domestic pharma major Cipla was hammered following the news that two of its drugs used to treat AIDS were taken off the World Health Organisations (WHO) list of pre-qualified drugs. 


Cipla reels under WHO`s AIDS drug blow

Business Standard

After yesterdays respite, steel stocks were again under selling pressure with steel major Tisco and Steel Authority of India losing at close. 


Coal price hike knocks down steel scrips

Oil stocks came off from their highs on selling pressure in the second half of the trading session. Most refinery stocks opened positive on news of price hike and reduction in exercise duty from

Oil stocks come off on unwinding pressure

Auto scrips were in the limelight, witnessing buying support at lower levels. Maruti Udyog was the second biggest gainer in the Sensex basket, up 4.39 per cent to close at Rs 399.40, followed by Tata

Auto scrips shake off fuel -hike setback

The three biggest losers in the Sensex basket told the story for the pharma sector on Thursday. Dr Reddys Labs fell 4.52 per cent to close at Rs 754.95, followed by Ranbaxy, down 3.29 per cent to Rs

Pharmas shocked over downgrading

Reports of i-flex solutions bagging an order from Bank of Chile led to active buying in the scrip on the bourses. i-flex solutions hit a high of Rs 570 before closing at Rs 557.50. 


Chile order cheers i-flex solutions

Power equipment major Bharat Heavy Electricals Ltd (BHEL) was in the limelight on reports that the company has bagged an order worth Rs 80 crore from the Petroleum Development Oman for the supply of a

Oman order pushes up BHEL

Commercial vehicles maker Tata Motors witnessed volatile trading with the stock coming off from its days high on profit booking at the fag end of the trading. 


Defence hardware boost for Tata Motors

Hindalco was among the big gainers in a subdued market on expectations that rise in copper smelting margins in China will benefit companies such as Hindalco and Sterlite. 


China smelting margins help Hindalco, Sterlite

Defying the bearish trend among the pharma stocks, domestic pharma major Ranbaxy ended with marginal gains following the companys announcement that it has received a USFDA approval for a new drug. 


Ranbaxy dispels sector gloom, gains

PSU oil major ONGC was under selling pressure following the companys disappointing fourth quarter results. The stock in intra-day trades touched a low of Rs 608.20 before closing at Rs 622.25, down 3

ONGC done in by Q4 disappointment

Grasim Industries witnessed smart gains after the company announced that it got good response for its open offer for UltraTech CemCo from the public. 


Grasim cements gains on UltraTech success

VSNLs fourth quarter numbers failed to impress the markets as the stock crashed over 2 per cent in Wednesdays trading. 


VSNL in mute mode on Q4 slump

Index heavyweight Reliance Industries was among the biggest loser with the stock crashing more than 5 per cent in intra-day trades on aggressive selling by FIIs. 


Reliance reels under FIIs unloading

Reliance Industries recovered nearly all its yesterdays loss after the company announced news of an acquisition and gas find in Orissa in its annual general meeting on Thursday. 


Reliance flares up on Orissa gas find

Telecom stocks witnessed selling pressure amid concerns on telecom regulator Trais recommendations on access deficit charge. Trai is proposing to charge telecom operators 2-5 per cent of total

Telecom firms tripped by access deficit ruling

Aggressive selling in domestic pharma major Dr Reddys continued as the stock lost another 2.29 per cent in Thursdays trading. 


Downgrade pain for Dr Reddy's Labs

Kale Consultants and PSL were in the limelight as the companies announced bagging big orders. Kale Consultants scrip touched an intra-day high of Rs 37.50 before closing at Rs 36.95. 


Orders boost for Kale Consultants

After a recent sell off, HLL witnessed bargain hunting on Tuesday in anticipation of a good monsoon. 


HLL looks up on positive monsoon outlook

IndusInd Bank was in the limelight on Tuesday, gaining nearly 3.5 per cent after the bank announced its Q4 results. 


Q4 results push up IndusInd Bank

Shares of Coal India, the world's largest coal miner by output, tumbled to a more than five-month low on Monday after government sources said the Indian government was planning to sell a 10 % stake in the company.

Page 34 - Stock Market News