The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
Domestic firms Aurobindo Pharma, Glenmark Pharmaceuticals and Natco Pharma have received US health regulator's approval to market their generic Rizatriptan Benzoate orally disintegrating tablets used for treating migraine in the American market.
And when an inspector asked about the contents of unlabelled vials in the laboratory glassware washing area, a plant worker dumped them down a sink and said the contents could not be determined, according to a July 18 letter from the US Food and Drug Administration to Wockhardt, which makes sterile injectable drugs and various forms of insulin.
India is increasingly becoming an attractive destination for clinical research for pharma groups looking for faster and more efficient ways to test drugs for western countries
On BSE, 1,469 shares fell and 1,200 shares rose. A total of 190 shares were unchanged.
Better-than-expected financial results in Q3 due to higher revenue growth and margins in key markets fuel the rally
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Companies in the FMCG space are increasing their focus on herbal and ayurvedic category in India
Earning woes drag markets lower; TCS, HUL lead fall.
Consolidated net sales of the company stood at Rs 1,485.50 crore (Rs 14.85 billion) for the quarter under consideration as against Rs 1,175.60 crore (Rs 11.75 billion) for the same period a year ago.
The company said it has acquired 100 per cent equity stake in Laboratorios Grin, Mexico.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Benchmark share indices opened lower on Monday, amid weak global cues, as investors turned cautious ahead of the US Federal Reserve stance on interest rate.
In a dispute pertaining to preferential treatment to some countries, a World Trade Organisation dispute settlement panel has ruled in India's favour against the European Commission.
Come year 2005, a catastrophe is set to hit developing nations including India, experts warn, as the TRIPs agreement tightens its noose on the pharmaceutical sector and the governments retire to the role of an onlooker at the rising prices of drugs.
Under the current administration, political attitudes toward IP seem to have improved.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
Donald Trump delivered his maiden State Of The Union address, an annual message presented by the United States President to a joint session of the congress. Trump's State of the Union address was originally slated to last an hour, but the president went substantially longer. The longest SOTU address was Bill Clinton's 2000 speech, which lasted 1 hour, 28 minutes, 49 seconds.
Let's look at the major provisions that will have lasting effect on the industry, both domestic and exports.
The government has formed the Export Promotion Council for Pharmaceuticals (Pharmaexcil) to boost pharma exports.
World Trade Organisation negotiators on Friday made a last-ditch effort to salvage the deal on easier availability of life- saving medicines to poor countries, which fell through earlier in the day.
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
He said the farmer's agitation in Punjab against the new farm laws could lead to 'serious consequences' for national security and alleged that China and Pakistan were seeking to disturb peace in the country's border state. Stressing that his intention was not to disturb peace, Singh said he was trying to 'save' his state's farmers as the Centre was 'playing with' their livelihoods.
'It did not start as a Hindutva slogan.' 'It started to tease the TMC and slowly it got internalised and the BJP started countering with Jai Shri Ram slogans because Mamata was getting provoked.'
On the NSE, the stock gained 28.60 per cent to close at Rs 362.
Stringent action should also be taken against persons involved in terrorism and their extradition should be ensured, he said.
'Pay-for-delay' settlements between drug patent-holders and generics manufacturers to delay the launch of cheaper generic medicine are increasingly being scrutinised by antitrust regulators
'India does not wish to remain silent in improving its strategic space so that its leverage to counter China's expansionist designs is maintained, besides enabling it to play a responsible role from a position of strength for peace and stability in Asia,' points out Dr Rajaram Panda.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Asia to stay flat in 2017. India is better-placed given its low export dependence and it should outperform Asian peers this year says Mixo Das, India strategist for financial major Nomura
Union Minister Farooq Abdullah on Tuesday said that army should reopen the alleged Patribal fake encounter case so that "the justice is served".
India on Thursday raised the contentious issue of higher GSP concessions to Pakistan with the visiting EU Trade Commissioner Pascal Lamy.\n\n\n\n
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
PHD Chamber of Commerce and Industry on Thursday asked the government to revamp tax structure and extend tax holidays for the high-cost and risky research and development sector
Trump said his victory three years ago was a 'defining moment in American history' and vowed to maintain his 'America First' policy as he touched the hallmarks of his 2016 campaign, hard-line immigration policies and defence spending.
Asian shares ended higher after a string of positive US economic data.
