The Sensex is down 72 points or 0.22% at 34933, and the Nifty down 24 points or 0.23% at 10604. The market breadth is negative as 217 shares advanced, against a decline of 289 shares, while 61 shares are unchanged.
Some cuts are visible in the PSU banking space, while the Bank Nifty is also down around a quarter of a percent. Midcaps, meanwhile, is trading flat.
Biocon’s shares were higher by 3.5 percent in the morning trade as the firm received a regulatory approval to a biosimilar Pegfilgrastim. The drug is used to treat patients with Nonmyeloid cancers.
Adani Ports, Wipro, Eicher Motors and Bharti Infratel are the top gainers, while Dr. Reddy’s Labs, SBI, and Grasim lost the most.
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