Shares of drug firm Dr Reddy's Laboratories slumped 14.65 percent after the company said it has received a warning letter from USFDA on quality control at its three manufacturing units in India.
     
Tata Steel shares, too, went down 2.44 percent after the company's earnings failed to impress investors. It yesterday reported a 22 percent rise in consolidated net profit for the September quarter.
     
On the other hand, shares of SBI rose nearly 3.86 percent after the country's largest lender posted a 25 percent growth in stand-alone net profit for the second quarter ended September.

The Sensex resumed lower, but quickly rebounded before finishing at 26,265.24 due to profit-booking, a loss of 38.96 points, or 0.15 percent -- its weakest closing since October 1.
 
The broader NSE Nifty after recapturing the crucial 8,000-mark hit a high of 8,002.65 in early trade, but finally settled down 1.15 points, or 0.01 per cent, at 7,954.30.
      
For the week, the Sensex lost 391.59 points, or 1.46 percent, and the NSE Nifty dropped 111.50 points, or 1.38 percent -- their second straight weekly fall.

 

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