Epic Update Cipla Equity benchmarks remained choppy in noon trade with the Sensex hovering around 28400 level. The Indian rupee fell sharply to breach 67 a dollar on proposal for devaluation.
The 30-share BSE Sensex was up 22.72 points at 28394.95 and the 50-share NSE Nifty up 5.35 points at 8731.95. About 1319 shares advanced against 1050 declining shares on the BSE.
The Indian rupee fell abruptly today after sources told CNBC-TV18 that the commerce ministry will propose a devaluation in the unit to promote dwindling exports, but trimmed losses after a finance ministry denial.
The rupee was trading at 67.03 to the dollar, down 14 paise compared with previous close.
ITC, Sun Pharma, Maruti, HUL, Cipla and Bharti gained 1-2 percent while Axis Bank, ICICI Bank, Hero Motocorp and Tata Steel dropped 1-2.5 percent.
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