ECONOMY ANALYSIS
Markets on a weak footing; Nifty below 6,700 RCom, Reliance Jio sign intra-city infra sharing pact
Ranbaxy buyout to fortify presence in many mkts: Sun Pharma
Sun-Ranbaxy combine will have m-cap of Rs 80k cr
GMR Infra up 7% on getting airport project in Philippines
SBI to offload up to Rs 4,000 cr bad loans to ARCs
MARKET ANALYSIS
After some heavy losses, the market ended flat but Nifty was below the 6700. The Nifty ended at 6695.05, up 0.70 points while the Sensex was down 16.05 points at 22343.45. Sun Pharma did not lose its grip even though the market was weak. The stock wrapped up today's trade with a 3 percent gain. Sesa Sterlite, M&M, Tata Steel and SBI are other gainers in the Sensex. BHEL remained on sellers' radar with a loss of over 3 percent. Cipla, ICICI Bank, Dr Reddy's Labs and Maruti Suzuki were among the laggards.
BHEL topped the selling list, losing 4 percent on weak provisional numbers for the year ended FY14.
Shares of ICICI Bank, Dr Reddy's Labs, Cipla and Hindalco Industries lost 2 percent each. Reliance Industries, HDFC, Tata Motors, L&T and HUL declined 0.5-1 percent.
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