The market continues to be under pressure as the Nifty is still below 8800. The 50-share index is down 25.35 points or 0.3 percent at 8783.05 while the Sensex is down 83.10 points or 0.3 percent at 28551.40.
ONGC, Cipla, Maruti, Dr Reddy's Labs, Maruti and Lupin are top gainers while Hero MotoCorp, Bharti Airtel, Adani Ports, Infosys and Bajaj Auto are losers in the Sensex.
Oil prices eased in Asia today with analysts expecting volatility in the run up to a producers' meeting next week, while traders are also awaiting the release of US stockpiles data.
The commodity plunged last week on supply glut worries but bounced slightly yesterday after OPEC member Venezuela said a deal to limit output was close. Unrest in key producers Libya and Nigeria also raised the prospect their exports would be hit.
Venezuelan President Nicholas Maduro said Sunday that participants in producer talks by the 14-nation OPEC cartel and Russia in Algeria from September 26-28 are working on a deal.
Cadila is expected to complete its remediation for its Moraiya facility by September-end, sources say. The company will call the United States Food & Drugs Association (US FDA) for re-inspection in October. The company had received warning letters for Moraiya and Zyfine plants in December last year. Zyfine facility, however, will take another 3-4 moths for remediation, sources say. Moraiya facility is the most important unit for Cadila as it contributes nearly 60 percent to the US sales. The company has done 14 product transfers from the plant and is looking to do 5-6 more on back of capacity constraints. The company today also said that Zydus in partnership with Takeda will be looking to tackle chickungunya.
ONGC, Cipla, Maruti, Dr Reddy's Labs, Maruti and Lupin are top gainers while Hero MotoCorp, Bharti Airtel, Adani Ports, Infosys and Bajaj Auto are losers in the Sensex.
Oil prices eased in Asia today with analysts expecting volatility in the run up to a producers' meeting next week, while traders are also awaiting the release of US stockpiles data.
The commodity plunged last week on supply glut worries but bounced slightly yesterday after OPEC member Venezuela said a deal to limit output was close. Unrest in key producers Libya and Nigeria also raised the prospect their exports would be hit.
Venezuelan President Nicholas Maduro said Sunday that participants in producer talks by the 14-nation OPEC cartel and Russia in Algeria from September 26-28 are working on a deal.
Cadila is expected to complete its remediation for its Moraiya facility by September-end, sources say. The company will call the United States Food & Drugs Association (US FDA) for re-inspection in October. The company had received warning letters for Moraiya and Zyfine plants in December last year. Zyfine facility, however, will take another 3-4 moths for remediation, sources say. Moraiya facility is the most important unit for Cadila as it contributes nearly 60 percent to the US sales. The company has done 14 product transfers from the plant and is looking to do 5-6 more on back of capacity constraints. The company today also said that Zydus in partnership with Takeda will be looking to tackle chickungunya.
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