At the closing bell yesterday, the BSE Sensex stood lower by 253 points (down 0.8%) and the NSE Nifty closed down by 100 points (down 1%). The BSE Mid Cap index ended the day down 1.6%, while the BSE Small Cap index ended the day down by 2%.
Top Stocks in Focus Today
From the pharmaceuticals sector, market participants will be tracking Lupin share price today. The stock of the company witnessed buying interest yesterday as the company received final approval for its Desoximetasone Topical Spray, 0.25%, 30 ml, 50 ml, and 100 ml from the United States Food and Drug Administration (USFDA) to market a generic version of Taro Pharmaceuticals USA Inc.’s Topicort Topical Spray, 0.25%.
BHEL share price will be in focus today as the company said it has commissioned first unit of 110 MW of the Kishanganga hydro-electric project of NHPC in Jammu and Kashmir.
Shilpa Medicare share price will also be in focus today. The stock witnessed buying interest yesterday after it stated that the US Food and Drug Administration (USFDA) issued an Establishment Inspection Report (EIR) for the company’s formulations manufacturing facility (SEZ unit) located at Jadcherla, Telangana.
From the automobile sector, market participants will keep tabs on Tata Motors share price as the company plans to bring in new products in order to have presence in around 95% of Indian passenger vehicles market by 2020. The company currently sells a range of vehicles from hatchback to SUVs playing in about 70% of the market in India. With the addition of new products and enhanced play in the segment, the company would be able to ramp up its market share, which currently stands at around 7%.
US Steel Tariff Won’t Hurt Domestic Steel Industry: ICRA
In the news from the steel sector, domestic credit rating agency ICRA in its latest report has said that Donald Trump’s recent move to impose a 25% tariff on all steel imports is unlikely to have any significant impact on the domestic steel industry in the medium term.