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Dr Reddy’s will also be on the radar as it has received US FDA nod for marketing Timolol Maleate, which is used to treat Glaucoma.
In the US, the S&P 500 and Dow Jones reversed losses and ended lower as comments from Federal Reserve officials reaffirmed the central bank’s resolve to fight inflation. Nasdaq, however, managed to end higher.
The yield on the 10-year Treasury rose to 3.963 per cent, hitting fresh 12-year highs.
This morning in Asia, Nikkei and Hang Seng were down up to 1 per cent each, while Kospi and Taiwan declined around 0.5 per cent each.