With the DCGI approving the anti-COVID-19 pill Molnupiravir for emergency use in the country, pharma companies will launch the capsule soon and others will roll out their generic versions of the drug shortly.
The Dow Jones Industrial Average rose 95.83 points, or 0.26%, to 36,398.21; the S&P 500 lost 4.84 points, or 0.10%, to 4,786.35 and the Nasdaq Composite dropped 89.54 points, or 0.56%, to 15,781.72.
NARCL is one of the two legs of the proposed Bad Bank by the government. The other one is an asset management company called - India Debt Resolution Company Ltd (IDRCL).
WazirX launched 12 tokens in December, while CoinSwitch Kuber added five, named Mana, Sand, Gala, Req, and Coti.
TCG Fund today sold 549,306 shares of GG Engineering at Rs. 12.35 apiece through a bulk deal on the BSE.
Nifty50 has also moved past the short-term 20-DMA which presently stands at 17161. This means that Nifty50 has successfully navigated the 17150-17200 resistance zone; the key would be to see if the index can keep its head above this zone.
The S&P 500 opened higher by 4.30 points, or 0.09 per cent, at 4,795.49.
In the international market, gold was trading with gains at USD 1,814 per ounce and silver was flat at USD 23.07 per ounce.
The regulator’s comment comes after Invesco Mutual Fund withdrew the launch of its Blockchain fund that aimed to invest in companies that are part of the blockchain ecosystem. The fund of fund was set to provide Indian investors a route for investing in such new-age companies listed abroad.
“We are reducing our position in specialty chemicals while continuing to bet on IT. Plus we are adding more on industrials.â€
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