Threat of a possible proble by US regulators for price collusion has driven down prices of pharma companies on markets today. Glenmark, Sun Pharma and Dr. Reddy's have all lost at least 5% in trading. The Nifty Pharma P/E is now below its two year average. 

Over 11,000 Indians have signed up to be part of the first 'space nation', Asgardia.  A group of scientists and space experts based out of Russia, Romania, Canada and the US want to make this country - based outside Earth - a reality with a fully formed government structure, including a council of 12 ministers. 

The government is planning to sell its shares in L&T, selling a 3%bstake worth Rs.4,000 crore. The stock is trading down and at high volumes on the news - more than 58 times its average monthly volumes. 

Stock in spotlight: Hindalco Industries, which is up 167% from its 52 week low of Rs. 58.85 and is now trading in the Rs. 150 range. 

Photo of the day: Worrying about weight - a panda cub is weighed at a zoo in Austria. Reuters