BUDGET 2012

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SENSEX	22,277.23	-207.70
NIFTY	6,675.30	-57.80

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Pharmaceuticals

Crisil reaffirms 'A1+' rating on Ranbaxy's bank facilities The ratings continue to reflect Ranbaxy's established position in the international generics market and in the Indian fo Sun plans gradual phase-out of Ranbaxy-branded drugs in US Exports to EU from Ranbaxy's two plants to remain suspended CCI clears Torrent-Elder Pharma Rs 2,000 cr deal Lupin gets USFDA approval for diabetes management drug

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STOCK RECOMMENDATION

Stock Advice

Glenmark Pharma may test Rs 630: Amit Harchekar

Go long in Biocon: Ashish Chaturmohta

Buy Biocon, HCL Tech; short JSW Steel, OBC: Rakesh Gandhi

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Broker Reports

Accumulate Sun Pharma; target of Rs 646: P Lilladher

Buy Ipca Laboratories; target of Rs 954: Microsec

Buy Natco Pharma; target Rs 800: ICICIdirect

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Budget 2012

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