Equity benchmarks recovered sharply from day's low but are still under pressure with Sensex losing over 300 points after the Republican Party won US elections and Donald Trump became 45th President.
Pharma major Lupin's second quarter earnings missed analysts' expectations. Profit jumped 57.7 percent year-on-year to Rs 662.2 crore.
Revenue during the quarter increased 28.9 percent to Rs 4,290.5 crore compared with year-ago period.
Profit was estimated at Rs 736.5 crore on revenue of Rs 4,938.1 crore and EBITDA was expected at Rs 1,229.5 crore with margin at 28 percent for the quarter, according to analysts polled by CNBC-TV18.
