Majority of sectoral indices are trading in the red, with maximum cuts seen in pharmaceutical names. The Nifty Midcap index is also trading over half a percent
lower.

Dr Reddy’s Laboratories slipped a little over 10 percent in morning trade on Monday after the New Jersey District Court converted a temporary injunction into
a preliminary injunction against the company that prevents it from launching generic Suboxone in the US market until patent litigation related to US Patent
No. 9,931,305 is concluded.

Market Update: After witnessing a flat opening, the market has inched lower in the first hour of trade, with the Nifty breaking 11,000-mark it achieved last
week.

The Sensex is down 73.57 points or 0.20% at 36468.06, while the Nifty is down 36.10 points or 0.33% at 10982.80. The market breadth is negative as 449 shares
advanced, against a decline of 977 shares, while 73 shares were unchanged.

source: moneycontrol.com