&w=3840&q=100)
Next US fix could stanch Cipla's Revlimid bleed amid pricing pressure
Ram Prasad Sahu Mumbai
Listen to This Article
Cipla, the country's third-largest drugmaker by market value, was the top gainer on the Nifty 50 on Friday, rising over 3 per cent. While the April-June quarter (Q1) results for 2025-26 (FY26) came in ahead of estimates, it was the upbeat guidance for the US market that drove sentiment.
Ahead of the quarter, most brokerages had expected weakness in the US business and pressure on margins. But those concerns were put to rest by the launch slate, margin performance in Q1, and the FY26 guidance.
Investor focus remained on the US operations, especially the pricing pressure on the generic version
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
an hour ago
- Business Standard
Quick Wrap: Nifty Realty Index declines 4.07%
Nifty Realty index ended down 4.07% at 911.9 today. The index is down 8.00% over last one month. Among the constituents, Lodha Developers Ltd slipped 5.96%, Godrej Properties Ltd shed 5.28% and DLF Ltd fell 4.73%. The Nifty Realty index is down 15.00% over last one year compared to the 0.62% decline in benchmark Nifty 50 index. In other indices, Nifty Media index is down 2.70% and Nifty Private Bank index has dropped 1.65% on the day. In broad markets, the Nifty 50 has dropped 0.63% to close at 24680.9 while the SENSEX is down 0.70% to close at 80891.02 today.
Economic Times
3 hours ago
- Economic Times
Indian rupee slips but sidesteps firmer dollar as flows dominate price-action
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian rupee dipped on Monday as month-end dollar bids from importers exerted some pressure, but the currency largely sidestepped the spillover from a firmer dollar, which traders indicated was due to the absence of substantial rupee closed at 86.6650 against the U.S. dollar, 0.2% down from its close of 86.5150 in the previous the rupee was trading marginally stronger in the first half of the session, it reversed course in the latter half as the dollar index rose. Asian currencies were a tad lower on the day, with the offshore Chinese yuan down by 0.1%.The rupee is "only reacting to flows" over recent sessions, and has found some support above 86.60, a trader at a state-run bank said, pointing to price action driven by foreign portfolio flows and corporate benchmark equity indexes, the BSE Sensex and Nifty 50 fell 0.7% and 0.63% on the day, respectively, diverging from gains in most regional country's benchmark 10-year bond yield, meanwhile, ticked up to 6.3603%.Equities in Europe were mostly higher while the euro fell, after the U.S. and EU reached a trade agreement over the weekend and investors welcomed the deal with cautious euro's recent price action "likely reflects more general U.S. dollar sentiment that was improving toward the end of last week, and we suspect (the sentiment) could extend further this week as investors' optimism over the U.S. economy improves," MUFG said in a note. U.S. economic data , including the closely watched non-farm payrolls report, will be in focus as investors gauge how far the optimism Federal Reserve, meanwhile, will deliver its policy decision on Wednesday and is widely expected to keep rates unchanged. Interest rate futures are currently pricing in a little over 60% chance of a rate cut in September, per CME's FedWatch tool.
Time of India
3 hours ago
- Time of India
Indian rupee slips but sidesteps firmer dollar as flows dominate price-action
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian rupee dipped on Monday as month-end dollar bids from importers exerted some pressure, but the currency largely sidestepped the spillover from a firmer dollar, which traders indicated was due to the absence of substantial rupee closed at 86.6650 against the U.S. dollar, 0.2% down from its close of 86.5150 in the previous the rupee was trading marginally stronger in the first half of the session, it reversed course in the latter half as the dollar index rose. Asian currencies were a tad lower on the day, with the offshore Chinese yuan down by 0.1%.The rupee is "only reacting to flows" over recent sessions, and has found some support above 86.60, a trader at a state-run bank said, pointing to price action driven by foreign portfolio flows and corporate benchmark equity indexes, the BSE Sensex and Nifty 50 fell 0.7% and 0.63% on the day, respectively, diverging from gains in most regional country's benchmark 10-year bond yield, meanwhile, ticked up to 6.3603%.Equities in Europe were mostly higher while the euro fell, after the U.S. and EU reached a trade agreement over the weekend and investors welcomed the deal with cautious euro's recent price action "likely reflects more general U.S. dollar sentiment that was improving toward the end of last week, and we suspect (the sentiment) could extend further this week as investors' optimism over the U.S. economy improves," MUFG said in a note. U.S. economic data , including the closely watched non-farm payrolls report, will be in focus as investors gauge how far the optimism Federal Reserve, meanwhile, will deliver its policy decision on Wednesday and is widely expected to keep rates unchanged. Interest rate futures are currently pricing in a little over 60% chance of a rate cut in September, per CME's FedWatch tool.
