Scrip Scan – Express Pharma Pulse

Absence of fresh buying leads sensex to drop 97 points

Amidst financial crisis and political uncertainty, the Bombay Stock Exchange (BSE) opened trading on the first day of the week (Monday 19) at 3,758.11 dropped 30 points to close at 3722.49. On Friday the sensex opened at 3725.52. However, renewed apprehensions of a payment crisis at the Calcutta Stock Exchange (CSE) made the Bombay Stock Exchange (BSE) lose 97 points to close at 3635.28, cutting short a brief overnight smart rally. The recent developments at the CSE has brought several private financiers to the brink, market sources said. A fall in global stock markets further aggravated the situation.

The major gainers were: Cipla 996.30 (948.35); German Remedies 509.10 (502.40);
The major losers were: Abbott Labs 152.35 (160); Astra IDL 402.00 (411); Aurobindo 304.110 (317.10); Burroughs Wellcome 221.80 (238.50); Dabur India 63.80 (65.90); Dr Reddy’s 1215 (1277.95); E-Merck 438.95 (459.30); Glaxo 431.85 (433.65); Hoechst Marion 465.25 (485); Knoll Pharma 299.85 (303); Nicholas Piramal 295.55 (308.70); Parke Davis 146.50 (163.60); Pfizer 546.90 (580); Procter & Gamble 547.35 (589.55); Ranbaxy 605.30 (619.50); Rhone Poulenc 589.80 (618); Smithkline Pharma 208.75 (210.45); Sun Pharma 547.80 (514.10); Wockhardt 387.25 (401); Zandu 2230 (2275).