Reuters Market Eye - The BSE Sensex and the Nifty were up 0.08 percent. Banking shares are falling after two straight days of gains sparked by rising hopes the Reserve Bank of India will cut interest rates as early as June.
State Bank of India falls 0.43 percent after gaining over 6 percent and HDFC Bank Ltd loses 1.18 percent after graining almost 5 percent.
Drugmakers' shares fall after the government formally notified a new drug pricing policy designed to increase the number of drugs deemed essential that are subject to price caps.
Dr.Reddy's Laboratories falls 1.72 percent and Ranbaxy Laboratories Ltd down 1.36 percent.
However, JM Financial Ltd surges 16.77 percent after the company said former Citigroup Inc chief executive Vikram Pandit would buy a stake in the Indian financial services company.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app