News for NATCO Pharma Limited (NATCOPHARM.BO)

Markets traded range-bound on April expiry day amid global selling pressure and weak FMCG earnings; analysts expect continued consolidation and advise stock-specific buying on dips.

The NSE Nifty index closed 82.25 points down at 24246.7

The Nifty Pharma index was trading 0.45 per cent up at 21534.4.

The Nifty Pharma index closed 0.41 per cent up at 21438.05.

Amidst market volatility, high beta stocks experienced steeper declines, with many falling significantly from their peaks. Low beta stocks demonstrated greater resilience, declining less on average. Factors like global trade tensions, FII selling, and concerns over corporate earnings have contributed to market wobbles. However, recent FII buying and expectations of India's economic outperformance offer some tailwinds.

The Nifty Pharma index was trading 0.19 per cent up at 20914.3.

The Nifty Pharma index closed 0.18 per cent down at 20874.3.

The Nifty Pharma index closed 2.2 per cent up at 20912.2.

The exemption given to Indian pharmaceuticals is positive and, therefore, this segment is likely to witness buying, says analyst.

The Nifty Pharma index closed 1.73 per cent down at 20771.8.

The Nifty Pharma index was trading 0.29 per cent down at 21076.2.

The Nifty Pharma index closed 0.65 per cent down at 21137.45.

Shares of Aurobindo Pharmaceuticals dropped 2% to a day's low of Rs 1,132.75, while Ipca Laboratories fell 2.7% to Rs 1,403.95. Sun Pharmaceuticals and Dr. Reddys Laboratories saw a 1.7% decline each.

The Nifty Pharma index closed 1.56 per cent up at 20703.95.

The Nifty Pharma index was trading 1.39 per cent up at 20670.5.

BSE Smallcap fell 2% last week, with 821 stocks declining up to 43%. Market sentiment remained weak due to US recession fears and tariff wars. Notable laggards included BMW Industries, Triveni Turbine, Orchid Pharma, and Coffee Day Enterprises.

The Nifty Pharma index closed 0.37 per cent up at 20332.1.

The Nifty Pharma index was trading 0.8 per cent up at 19978.6.

The Nifty Pharma index closed 0.3 per cent down at 19820.65.