The benchmark stock indices extended their losses from the past week in line with weak fundamentals in US markets, which saw its sharpest weekly decline of 2023.
BSE 30-share Sensex surged 110 points to 61,244 while NSE Nifty50 went up 30 points to 18,221.30 level at 9.20 am in the morning. Asian stocks were trading in the green on Friday morning as Europe's key indices and US markets settled with gains in Thursday sessions.
According to a statement from the pharmaceutical company to the stock exchanges, the Import Alert implies that all future shipments of products manufactured at this facility are subject to refusal of admission to the US market until the facility becomes compliant with CGMP standards.
The indices rose on Monday tracking gains from Friday's US markets amid hopes of slower interest rate hikes coupled with healthy corporate earnings back here in India and the seeming return of foreign funds during the past week. The rally in the markets was backed by stock-specific movements
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