Sensex Erases early gains, Midcaps outperform; Escorts most Active

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Tata Motors, Tata Motors DVR, and Bosch gained the most on both indices, while Bharti Airtel, Coal India, and Hindalco lost the most.

Equity benchmarks erased early gains, weighed by banking & financials stocks, Reliance Industries, and Infosys.

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The 30-share BSE Sensex was down 76.31 points at 33,073.04 and the 50-share NSE Nifty fell 21.10 points to 10,205.40.

The broader markets, however, continued to outperform benchmark indices. The Nifty Midcap and BSE Smallcap indices were up 0.3 percent each. About three shares advanced for every two shares falling on the BSE.

Glenmark Pharmaceuticals Europe Ltd today said it has received approval for an inhaled respiratory product in Nordic countries, including Sweden, Denmark, Norway, Finland, and Iceland.

The company “has successfully closed the decentralized registration procedure for generic Seretide Accuhaler in the Nordic region”, Glenmark Pharma said in BSE filing.

“This will be Glenmark’s first inhaled respiratory product approval in Europe, and re-enforces Glenmark’s commitment in the respiratory area,” it said.

The company added that the commercialization of the product would depend on national approval as well as substitution and pricing approvals.


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