Market Updates: Indices at day’s low dragged by auto & IT stocks; PSU banks rise

Market update: Sensex is down 95.79 points or 0.16% at 58183.69, and the Nifty shed 28.10 points or 0.16% at 17334. Divis Labs, Nestle India and NTPC are the top losers.

Among the sectors, banks along with the metal sector are trading in the green while the midcap and smallcap indices half a percent each.

Caplin Point arm Caplin Steriles gets US FDA nod for Labetalol Hydrochloride injection:  Caplin Steriles Limited, a subsidiary of Caplin Point Laboratories Limited, has been granted final approval from the United States.

Food and Drug Administration (USFDA) for its abbreviated New Drug Application Labetalol Hydrochloride injection, a generic therapeutic equivalent version of (RLD), TRANDATE injection, of Sebela Ireland Limited. Labetalol Hydrochloride injection USP in indicated for control of blood pressure in severe hypertension. The stock was trading at Rs 15.25, or 1.86 percent. It has touched an intraday high of Rs 856.15 and an intraday low of Rs 810.95.

Bank Nifty Outshines Frontliners

Bank Nifty snapped three-day losing streak and gained more than 300 points to trade at 36,770 levels, whereas benchmark indices are consolidating around their previous closing levels especially after run up in last few days.

Olecta Greentech Locked in 5% Upper Circuit

Olectra Greentech shares were locked in 5 percent upper circuit today as Nomura India Investment Fund Mother Fund – The MTBJ AC Nomura India investment FD bought 28.2 lakh equity shares in the company at Rs 321 per share.

However, Goldstone Power sold 28.2 lakh equity shares in the company at Rs 321 per share on the NSE, the bulk deals data showed on September 7.

Gulf Oil Lubricants India in News

Rating agency ICRA has reaffirmed the ratings of the long term fund-based limits and short-term non-fund based enhanced limits.

Asian Granito share Rally 11%

Asian Granito India trades ex-rights today. The share price is trading at Rs 154.10 per share, rising 11 percent over previous closing of Rs 138.8 per share.

The stock hit an intraday high of Rs 156.05 and low 143.40 today.