ECONOMY ANALYSIS:
- Honda eyeing Bajaj, Hero's lunch; aims 43% growth in FY14
- Adani Power, Tata Power, Rel Power up on CERC ruling
- Construction drives China March services PMI higher
- RIL parks over Rs 800 cr in Anil-led Reliance Group MFs
- Economic downturn temporary; will carry reforms ahead: PM
MARKET ANALYSIS:
- Ending a four-day upsurge, the BSE benchmark Sensex today fell 239 points on profit-booking by funds in heavy-weights led by auto and telecom sectors amid concern over lower fourth quarter earnings and a weak global trend.
- The Sensex dropped 239.31 points, or 1.26 per cent to 18,801.64. It had touched the day's low of 18,721.72. The index had gained 360 points in last four trading sessions.
- Similarly, the broad-based National Stock Exchange index Nifty plunged 75.20 points, or 1.31 per cent, to 5,672.90, after falling to 5,650.10
- Automakers lead falls on concern over slowing vehicle sales and the sector index dropped 2.23 per cent to 9,729.57 led by stocks of Tata MotorsBSE -3.45 %, Bajaj AutoBSE -3.68 % and Maruti SuzukiBSE -0.24 %.
- Bharti Airtel, the biggest mobile-phone services provider fell by 3.95 per cent to Rs 280.65 and Tata Telecom by 1.46 per cent to Rs 8.76 amid fears telecom companies struggling to control costs prices.
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