Sensex Continues Trading Higher; Tata Steel & ICICI Bank Top Gainers

Stock markets in India are presently trading on a higher note. The BSE Sensex is trading higher by 248 points and the NSE Nifty is trading higher by 80 points. Meanwhile, the BSE Mid Cap index is trading down by 0.5% while the BSE Small Cap index is trading down by 0.4%.

Among the sectoral indices, IT stocks and oil & gas stocks are witnessing buying interest. While consumer durables stocks and telecom stocks are trading in red.

The rupee is trading at 71.57 to the US$.

Pharma stocks are trading on a mixed note with IPCA Labs & Divi's Laboratories leading the gains. As per an article in a leading financial daily, Dr Reddy's Laboratories announced its wholly-owned subsidiary in USA is continuing its voluntary nationwide recall of lot ABD807 of Levetiracetam in 0.54% Sodium Chloride Injection to the hospital level in the North American country.

According to a letter written to the US Food and Drug Administration on February 4, the drug maker said the recall, which began in October 2018, was originally initiated due to a product complaint received for mislabelling.

Levetiracetam injection is an anti-epileptic drug indicated for adjunct therapy in adults on certain types of seizures.

Dr Reddy's Laboratories Inc has notified the distributors to arrange for return of any recalled product.

To know more about the company, you can access to Dr. Reddy's Q2FY19 result analysis and Dr. Reddy's Stock Analysis on our website.

At the time of writing, Dr. Reddy's share price was trading down by 2%.

Here's an interesting data on Dr. Reddy's Lab, investing just Rs 100,000 in Dr. Reddy's Labs in 1992, it would have given a whopping Rs 4.89 crores in 2014!

Profit Opportunities in the Rebirth of India

Co-head of Research, Tanushree Banerjee believes, the opportunities in the Rebirth of India are not only more profitable than the ones in 1991 but the gains could come faster too.

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