Benchmark stock market indices settled lower on Monday after trading in negative territory throughout the trading session. The S&P BSE Sensex fell 311 points to 60,691, while the NSE Nifty 50 settled 99.60 points lower at 17,844.60. All other indices fell, with Nifty Oil & Gas and Nifty PSU Bank emerging as the biggest losers. Banking and financial heavyweights like …
Shares of pharma giant Cipla fell 7 per cent during intraday trade on Monday, but recovered marginally to settle slightly higher. The company’s stock was the second biggest loser on the NSE Nifty 50 today, down 6.12 per cent at closing. The sharp fall in Cipla’s stock came after the company said that the United States Food and Drug Administration …
