INDIAN BENCHMARKS staged a smart
recovery from day lows, in late trades, to close the week in green. The closing
hour gains were led by index heavyweights and short covering in financial
shares. The
wholesale-price index rose 4.68% from a year earlier, compared with 5.05% in
January.
Further, Dr Reddy’s Laboratories has
voluntarily recalled 58,656 bottles of its Lansoprazole formulation from the
American market due to microbial contamination. The Supreme Court
issued a notice the government and Ranbaxy on a public-interest litigation
seeking a CBI probe against the company for allegedly supplying adulterated drugs
in the country.
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