Dr Reddy's Labs gained 2 percent after its relaunched Esomeprazole magnesium delayed-release capsules, a therapeutic equivalent generic version of Nexium in the US market.
The 30-share BSE Sensex fell 14.46 points to 26065.02 and the 50-share NSE Nifty declined 0.50 points to 7928.45. The BSE Midcap gained 0.5 percent and Smallcap rose 0.4 percent. The market breadth remained strong as about 1384 shares advanced against 913 declining shares on the BSE. Dr Reddy's Labs gained 2 percent after its relaunched Esomeprazole magnesium delayed-release capsules, a therapeutic equivalent generic version of Nexium in the US market. HDFC was the leading contributor to Sensex's gains, up half a percent after Foreign Investment Promotion Board has given approval for Standard Life to hike its stake in the Indian insurance JV to 35 percent from 26 percent earlier.
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