Sensex Ends 425 Points Down; Tata Motors Bleeds

Indian share markets witnessed intensified selloff in the final hour of trading, which dragged the market lower. At the closing bell, BSE Sensex ended down by 425 points, while, NSE Nifty ended down by 126 points.

Barring realty stocks and telecom stocks, all sectoral indices ended in red with automobiles stocks and metal stocks witnessing maximum selling pressure.

Globally, Asian stock markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 1.3%, while the Nikkei 225 led the Hang Seng lower. They fell 2% and 0.2% respectively. European markets are mixed today. The CAC 40 is up 0.1% while the FTSE 100 gains 0.04%. The DAX is off 0.1%.

Pharma stocks ended the day on a mixed note with Lupin & Divis Laboratories leading the gainers. As per an article in a leading financial daily, Zydus Cadila has received the final approval from the United States Food and Drug Administration (USFDA) to market Carbamazepine Extended-Release Tablets in various strengths.

Reportedly, it will be manufactured at the group's formulations manufacturing facility at Moraiya, Ahmedabad in the state of Gujarat.

This medication is used to treat certain types of seizures (partial, generalized tonic-clonic, mixed) and certain types of nerve pain (trigeminal and glossopharyngeal neuralgia).

The group now has 248 approvals and has so far filed over 350 ANDAs since the commencement of the filing process in FY 2003-04.

To know more about the company, you can access to Cadila Healthcare's latest result analysis and Cadila Healthcare's stock analysis on our website.

Cadila Healthcare share price ended the day flat.

Moving on to the news from the automobiles sector. Passenger vehicle sales continued to remain under pressure in the new year with wholesale volumes falling 1.9% to 280125 units in January.

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