5 Minutes Read

US concerned about the dependence on poorly compliant Indian and Chinese drug manufacturers

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

While this letter points to possibly stricter inspections and compliance standards from Indian plants, the US Congress seems to be more concerned about China.

Deficient manufacturing practices by Indian and Chinese drug makers has US Congress worried, and these concerns have been conveyed to the US drug regulator in a chastising letter.

Concerns stem from the fact that the US is hugely reliant on India and China and have demonstrated a pattern of repeatedly not being compliant to standards.

Today the US sourcing 32 percent of generic drugs and 45 percent of APIs from these two countries and both Chinese and Indian manufacturers receive the most amount of FDA Warning Letters.

Violations the Congress committee points out have included carcinogens in medicines, destroying or falsifying data and non-sterile manufacturing processes.

‘These violations have included carcinogens in medicines, destroying or falsifying of data, and non-sterile manufacturing processes. Given that approximately 32 percent of generic drugs and 45 percent of active pharmaceutical ingredients (APIs) are from these two countries, we are worried that the United States is overly reliant on sourcing from foreign manufacturers with a demonstrated pattern of repeatedly violating FDA safety regulations.’

Also, the US government believes the US FDA decision to address shortages of critical drugs by allowing temporary import of otherwise unapproved drugs makes foreign inspections in China and India more critical.

‘The Committee is particularly concerned about foreign drug inspections conducted in India and China. The FDA’s recent decision to address shortages of critical drugs by allowing the temporary import of otherwise unapproved drugs from India and China makes having effective foreign inspection programs in those countries critical.’

The US government is concerned about the ineffectiveness of pre announced foreign inspections by the USFDA and steps such as discontinuing short notice or unannounced visits by the drug regulator despite a successful pilot program in India from 2014 to 2015.

‘From 2014 to 2015, the FDA conducted a pilot program in India that eliminated extended advance notice for inspections. Instead, the FDA conducted short notice or unannounced visits and selected sites for the program that the agency believed had significant issues. The pilot program appears to have been successful at exposing widespread misconduct and significant violations of FDA regulations, including falsified quality records.8 Despite the pilot program’s success, the FDA elected to discontinue it.’

The Drug Controller, according to the US Congress, has also carried out inadequate number of inspections post the pandemic with only 168 of 2800 foreign plants being inspected and only 3 percent of Indian manufacturers. In China, inspections fell almost 70 percent from FY20 to FY22 versus pre pandemic levels.

While this letter points to possibly stricter inspections and compliance standards from Indian plants, the US Congress seems to be more concerned about China.

The US says China presents a ‘more dangerous situation than India’ due to factors such as reinterpretation of the country’s National Security Law that could block access and even in arrest officials in light of the country’s national interest.

‘In many respects, China presents a more dangerous situation than India. Moreover, there have been recent, troubling political developments in China that the Committee believes may jeopardize the viability of the FDA’s in-person inspections there.

The law’s new interpretation is so broad that it would allow officials to arrest FDA inspectors or block access to manufacturers’ records if officials deem it in the national interest. 14 Authorities have already raided the offices of companies that specialize in collecting market information in China and detained employees.’

The Congress which has asked for a detailed reply by the drug regulator by the 1st of August is not alone in their concerns. For example, the US Department of Defence in the US is going to begin independently testing quality and safety of imported generic drugs.

‘The Committee is not alone in voicing concerns. The Department of Defence recently announced that it will begin independently testing the quality and safety of imported generic drugs. The non-partisan Government Accountability Office (GAO) also criticized the FDA’s foreign inspection program in a report published last year, noting that the FDA faced “unique challenges” and that it is inadequate at holding foreign manufacturers accountable for repeatedly violating regulations.’

By the end of this month the US government specific to India wants to know the FDA’s plans to reinstate unannounced inspections in India, details on in person inspection of facilities that have been issued warning letters in the past 10 years.

Lastly, the Congress also wants to understand the lapse of communication that took place between the USFDA and the only company named in this letter, the private Gujarat based drug manufacturer Intas. The issue revolves around Intas’s Ahmedabad plant which was one of only 5 manufacturers of 2 key cancer drugs. Intas’s plant was in the dock due to compliance issues brought up in November 2022. The drug regulator was unaware of the company’s plans to stop voluntary manufacturing at the facility a few months later.

During a June 9, 2023, briefing with Congressional staff on cancer drug shortages the FDA stated that it was not aware of the company’s plans to halt operations at its Ahmedabad, India, manufacturing facility until after the plant had shut down operations. This lapse in communication is concerning, as the FDA was ostensibly aware of the ongoing quality issues at the plant, as well as Intas’ significant U.S. market share for cisplatin and carboplatin and the disruption a plant closure would cause in the supply of these drugs

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Big relief for breast cancer patients as Glenmark slashes Trastuzumab prices by 30-40%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

With Glenmark’s remarkable price reduction, the cost of their trastuzumab variant will be Rs 15,749 per vial. Consequently, the total expense for 18 cycles of treatment will be slightly less than Rs 3 lakh. This price reduction is estimated to bring down the overall treatment cost by around 30 to 40 percent.

Glenmark Pharmaceuticals has announced a substantial reduction in the cost of its version of trastuzumab, a widely used drug for breast cancer treatment. Branded as Trumab, the drug will now be available to patients at a price that is 30-40 percent lower than the current market rates.

Trastuzumab is specifically prescribed for patients with HER2-positive breast cancer, a subtype that affects a significant number of individuals worldwide. Until now, the majority of trastuzumab brands in the market have been priced between Rs 40,000 to Rs 54,000 per 440 mg vial.

As breast cancer treatment often requires 18 cycles, the total cost of therapy could range from Rs 4 to 5 lakh. For advanced or metastatic cases, the expenses could exceed Rs 5 lakh, causing a considerable financial burden for patients.

However, with Glenmark’s remarkable price reduction, the cost of their trastuzumab variant will be Rs 15,749 per vial. Consequently, the total expense for 18 cycles of treatment will be slightly less than Rs 3 lakh.

This price reduction is estimated to bring down the overall treatment cost by around 30 to 40 percent, making Glenmark’s trastuzumab the most affordable option for breast cancer patients in the country.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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New Alzheimer’s drug Donanemab shows promising results in slowing cognitive decline

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Eli Lilly’s experimental drug trial of 1,182 people showed that it slowed cognitive decline by 35-36 percent as compared to a placebo.

In what could be a major breakthrough in the fight against Alzheimer’s, pharmaceutical company Eli Lilly has announced that its experimental drug, Donanemab, has shown significant promise in slowing cognitive and functional decline in patients with early symptomatic Alzheimer’s disease.

Why is this breakthrough important? Because Alzheimer’s is a devastating disease with no cure. A disease that affects the brain and slowly destroys memory, thinking skills and eventually the ability to carry out the simplest tasks.

A disease which cannot be cured with only certain medications temporarily slowing the worsening of the symptoms.

Also read: Younger women are at higher risk of rehospitalisation after a heart attack compared to men, says a new study

Eli Lilly’s experimental drug trial of 1,182 people showed that it slowed cognitive decline by 35-36 percent as compared to a placebo. The drug resulted in 40 percent less decline in the ability to perform activities of daily living such as managing finances, driving, hobbies, discussing current events.

Nearly 47 out of 100 participants in the trial did not have any progression at one year versus 29 out of 100 people who took the placebo.

The drug as per the company met all goals in this late stage trial. It is expected to be the strongest Phase 3 data till date for an Alzheimer’s treatment. Eli Lilly has plans to file for USFDA approval by end of June and with regulators from other countries shortly after.

There is a lot of hope set on Eli Lilly’s drugs as 2 similar drugs developed by partners Eisai and Biogen haven’t seen as much of an offtake amongst doctors and insurers in the US due to little evidence of the drugs slowing cognitive decline.

Although there is hope, there are also risks associated with Eli Lilly’s drug. The medication is administered once a month through intravenous infusion and has been known to cause temporary brain swelling and bleeding, which resulted in the deaths of three participants. However, experts emphasise that the risks must be evaluated in light of the severity of the fatal and debilitating disease.

The drug is expensive. It is expected to be priced similar to drugs available in the market such as Eisai Pharma’s Alzheimer’s drug Leqembi that costs USD 26,500 or around Rs 20 lakh for a whole year’s treatment.

And what about India? The optimistic expectation is that the drug will be widely available and easily accessible through licensing options in the event of significant uptake following approval. However, it is probable that, like other revolutionary drugs, it will continue to be costly and will need to be imported.

Also read: Indian regulator confirms presence of toxic chemicals in Punjab-made cough syrup after WHO red flag

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Breast cancer treatment gets cheaper in India 

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Today breast cancer is ranked as the number one cancer among Indian females accounting for 14 percent of cancers in Indian women with more than 50 percent of Indian women suffering from Stage 3 and 4 of breast cancer. Among the total patients approximately 50 percent have hormone receptor positive, a major sub type. Though hormone receptor has shown better survival they may present or progress to metastatic disease.

Breast cancer treatment in India just became cheaper. In an important development this week, Pfizer’s drug branded as Palbace in India went off patent on January 10th midnight, allowing generic competition to enter the market. The generic name of the drug is Palbociclib and is used in the advanced treatment of metastatic breast cancer. The treatment will now cost under Rs 5000, 1/10th of the earlier cost.

Remember, today breast cancer is ranked as the number one cancer among Indian females accounting for 14 percent of cancers in Indian women with more than 50 percent of Indian women suffering from Stage 3 and 4 of breast cancer. Among the total patients approximately 50 percent have hormone receptor positive, a major sub type. Though hormone receptor has shown better survival they may present or progress to metastatic disease.

Also Read: Turning cancer cells into anti-cancer agents: Study

 With branded generic competition entering, prices of Palbociclib have fallen by over 90 percent overnight for all three strengths -75mg, 100 mg and 125mg.

To illustrate this better, the 125 mg strength of 21 tablets,  the standard monthly therapy cost, by Pfizer, until now cost Rs 95000. Now, the same 21 tablets will cost a fraction. For example, pharma company BDR Pharma’s 21 tablets in the 125 mg strength is available at Rs 4464 which is 95 percent cheaper and Sun Pharma’s at Rs 6199 which is 93 percent cheaper than the earlier existing treatment.

 Lower prices by reputed firms is a huge relief for patients point out experts as it will increase both accessibility and affordability of the drug. Cos such as Sun pharma have introduced the drug with a Patient Assistance program which is expected to further improve compliance. Going forward, more competition from branded generic is likely to come in with at least 10-15 cos slated to launch. This will drive prices even lower which would be a further win for patients.

Also Read: Sun Pharma arm launches novel breast cancer drug in India

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Data Integrity Issues at Intas Pharma — USFDA issues Form-483 with 11 observations for Gujarat unit

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The drug regulator USFDA has indicated that employees of the quality control unit in the plant destroyed documents related to manufacturing practices at the facility by tearing them into pieces and disposing of them inside the quality control lab and scrap areas.

The U.S. Food and Drug Administration or the USFDA has issued 11 observations in a 36-page long Form 483 to Intas Pharma’s drug manufacturing facility in Gujarat. The plant located in Ahmedabad was inspected by three drug regulators for 9 days starting on the 22nd of November and ending on the 2nd of December.

The observations according to industry watchers indicate the plant has data integrity issues which means the data in the plant lacked reliability and accuracy. For example, the US drug regulator has brought up concerns in the unit’s quality control unit.

The USFDA in fact said there is a ‘cascade’ of failure in the quality unit’s lack of oversight on the control and management of good manufacturing practice documents which are critical in ensuring the drugs manufactured as safe and effective.

Also read: USFDA issues warning letter to Sun Pharma’s Halol unit

The drug regulator has indicated employees of the quality control unit in the plant destroyed documents related to manufacturing practices at the facility by tearing them into pieces and disposing of them inside the quality control lab and scrap areas.

The US drug investigators also found a truck 150 meters away from the facility which contained multiple transparent and black plastic bags with shredded and torn documents from the facility. All this material that was waiting to be disposed of was destroyed over the past 2 days.

The drug regulator during their inspection also found that in an attempt to hide documents an employee of the quality unit on seeing the investigators approach tore some documents, threw them in a small trash container and poured a chemical over it to destroy evidence.

The trash bag with the documents was then found hidden under a staircase with no justification provided for it.

Also read: USFDA isssues Form-483 with six observations for Piramal Pharma unit in the US

Other questionable practices brought up in Form 483 included differing or inadequate time stamps in certain documents, inadequate action taken by the senior manager of the quality control lab against employees who allegedly destroyed data, lack of justification for missing destroyed data and poor documentation practices.

Practices such as destroying original records and raw data are a deviation from good manufacturing practices and data integrity procedures as the US drug regulator.

These are severe red flags point out industry experts. In fact, it is likely that the facility will receive a more severe warning such as an Import Alert in the coming days, say experts. Also, there could be more system-wide implications which means more scrutiny of other plants.

Also read: Sun Pharma arm launches novel breast cancer drug in India

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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MarketBuzz Podcast With Ekta Batra: Sensex and Nifty50 likely to make a muted start today

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a muted start on Friday, the first session of the December derivatives series after they finished the November series more than four percent higher. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — were last down 42.5 points or 0.2 percent at 18,625.5, having declined as much as 58 points earlier on Thursday. 

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a muted start on Friday, the first session of the December derivatives series after they finished the November series more than four percent higher. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — were last down 42.5 points or 0.2 percent at 18,625.5, having declined as much as 58 points earlier on Thursday.


About MarketBuzz: The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors. MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to kickstart your stock market investing. Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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MarketBuzz Podcast With Ekta Batra: Sensex and Nifty50 likely to open sharply higher today

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open higher on Wednesday tracking gains among other major markets around the globe. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — rose as much as 116.5 points or 0.6 percent to 18,493.5 ahead of the opening bell on Dalal Street.

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open higher on Wednesday tracking gains among other major markets around the globe. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — rose as much as 116.5 points or 0.6 percent to 18,493.5 ahead of the opening bell on Dalal Street.

About MarketBuzz: The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors. MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to kickstart your stock market investing. Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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What coins do you think will be valuable over next 3 years?

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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

MarketBuzz Podcast With Ekta Batra: Sensex and Nifty50 likely to open higher today

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open higher on Wednesday, following a more than two-month high on Wall Street overnight as a positive sales forecast from Best Buy drove optimism that red-hot inflation will not impact the upcoming holiday shopping season much.Singapore Exchange (SGX) futures — an early indicator of the Nifty index — rose as much as 78.5 points or 0.4 percent to 18,463.5 ahead of the opening on Dalal Street.

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open higher on Wednesday, following a more than two-month high on Wall Street overnight as a positive sales forecast from Best Buy drove optimism that red-hot inflation will not impact the upcoming holiday shopping season much.

Singapore Exchange (SGX) futures — an early indicator of the Nifty index — rose as much as 78.5 points or 0.4 percent to 18,463.5 ahead of the opening on Dalal Street.


About MarketBuzz: The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors. MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to kickstart your stock market investing. Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Question 1 of 5

What coins do you think will be valuable over next 3 years?

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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

MarketBuzz Podcast With Ekta Batra: Sensex and Nifty50 likely to make a muted start today

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open on a flat to slightly negative on Friday amid a largely negative trend across global markets. Singapore Exchange (SGX) Nifty futures —  an early indicator of the Nifty index — were down 48 points or 0.3 percent at 17,268 at the last count, having declined as much as 62.5 points earlier in the day. Globally, investors remained on the back foot amid concerns about steep hikes in key rates and their impact on economic growth.

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open on a flat to slightly negative on Friday amid a largely negative trend across global markets. Singapore Exchange (SGX) Nifty futures —  an early indicator of the Nifty index — were down 48 points or 0.3 percent at 17,268 at the last count, having declined as much as 62.5 points earlier in the day. 

Globally, investors remained on the back foot amid concerns about steep hikes in key rates and their impact on economic growth.

About MarketBuzz: The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors. MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to kickstart your stock market investing. Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

MarketBuzz Podcast With Ekta Batra: Sensex and Nifty50 likely to open higher today as market returns to trade after a holiday

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open higher on Thursday amid mixed moves across global markets, as Dalal Street returns to trade after a day’s holiday. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — rose as much as 105.5 points or 0.6 percent to 17,444.5 ahead of the opening bell on Dalal Street. Globally, investors remained on the back foot amid concerns about steep hikes in key rates and their impact on economic growth.

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open higher on Thursday amid mixed moves across global markets, as Dalal Street returns to trade after a day’s holiday.

Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — rose as much as 105.5 points or 0.6 percent to 17,444.5 ahead of the opening bell on Dalal Street.

Globally, investors remained on the back foot amid concerns about steep hikes in key rates and their impact on economic growth.

About MarketBuzz: The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors. MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to kickstart your stock market investing. Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?