ECONOMY ANALYSIS
Sensex plunges 255 pts, Nifty ends at 6001; banks, infra crack
Sun Pharma Q3 net jumps 74%, ups FY14 sales foreast to 29%
Hindalco Q3 net falls 23% to Rs 334 cr on higher tax cost
Govt tables mid-year economic review; pegs FY14 GDP at 5%
Coal India dips 2.5%, lower auction prices dent Q3 profit
NDA Securities standalone Dec '13 sales at Rs 0.81 crore
Spectrum sale ends on day 10, garners Rs 61000cr
MARKET ANALYSIS
MUMBAI: The benchmark Sensex today slid 255 points, its biggest fall in ten days, dragged down by earnings-related disappointments in bluechips like CiplaBSE -7.70 % and Coal India, amid a weak trend in global markets.
The BSE index, which had gained 114 points in last two sessions, plunged 255.14 points, or 1.25 per cent, to end at 20,193.35. This was the biggest drop since 304.59-point fall on February 3.
Cipla shares saw a nearly 8 per cent drop after third quarter earnings lagged estimates. PSU major Coal India LtdBSE -3.39 % ( CILBSE -3.39 %) fell 3.4 per cent on disappointing earnings. SBIBSE -2.16 % ended 2.16 per cent down ahead of Q3'FY14 results tomorrow. Overall, 26 of 30 Sensex
constituents ended down.
The 50-share NSE index Nifty dropped 82.90 points, or 1.36 per cent, to end at 6,001.10. Intra-day, it moved between 5,991.10 and 6,094.40. Today's drop was the sharpest since 87.70-point dip on February 3.
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