Sensex plunges below 19k level

June 13, 2013 10:10

The BSE benchmark Sensex today fell over 225 points to plunge below the 19,000 mark in early trade led by over six per cent drop in Sun Pharma, after the pharmaceutical major and Israel's Teva agreed to pay $2.15 billion patent infringement settlement to Pfizer and Takeda.

Falling for the third straight session, the 30-share barometer fell further by 225.56 points, or 1.18 per cent, to 18,815.57 with all the sectoral indices, led by healthcare and auto, fell up to 1.79 per cent. The index had lost nearly 400 points in the previous two sessions.

Similarly, the wide-based National Stock Exchange index Nifty slipped below 5,700 points mark trade 60.25 points, or 1.05 per cent lower at 5,699.95.

Shares of Sun Pharma fell as much as 6.14 per cent to Rs 918.05 apiece after the company alongwith Israel's Teva agreed to pay $2.15 billion patent infringement settlement to Pfizer and Takeda for acid reflux medicine Protonix in the US.

« Back to LIVE

TOP STORIES

Champions of investor trust: 10 stocks with institutional seal of approval

'15 seconds, and Owaisis wouldn't know...': BJP's Rana

Rana's blistering attack came in response to AIMIM MLA Akbaruddin Owaisi's controversial speech in 2013 that it would take them only '15 minutes' to balance the 'Hindu- Muslim ratio' in the country if the police were removed.

Haryana crisis: Oppn approaches guv, steps up efforts to topple BJP govt

'It is evident that the BJP govt in Haryana no longer commands a majority,' former Deputy Chief Minister and JJP leader Dushyant Chautala said in his letter to the governor on Wednesday.

Air India Express cabin crew call off strike; no sacking of staffers

Both parties will discuss the issues and there will be a meeting again on May 28, he said.

Pune court likely to pronounce verdict in Dabholkar murder case today

Additional sessions judge A A Jadhav of the special court for cases under the Unlawful Activities (Prevention) Act is likely to pronounce the judgement on Friday, said special public prosecutor Prakash Suryawanshi.