Epic Update Cipla The market were marginally lower amid consolidation as investors remained on sidelines after digesting Union Budget and await RBI policy & economic data due next week.
The 30-share BSE Sensex was down 60.03 points at 28166.58 and the 50-share NSE Nifty fell 16.25 points to 8718 while the broader markets continued to outperform benchmarks. The BSE Midcap and Smallcap indices gained 0.8 percent each.
Bombay Stock Exchange has stellar listing today, quoting at Rs 1,109.75, up Rs 303.75, or 37.69 percent on the NSE. MD and CEO of BSE, Ashish Chauhan says the exchange is working on increasing share in the equity and derivatives market.
Sun TV Network rallied 22 percent as the special 2G court acquitted Maran brothers and the company in the Aircel-Maxis case. Analysts say key overhang is removed but uncertainty remains on core fundamentals like advertising revenue growth.
Glenmark Pharma gained 4 percent higher post a strong quarter. The company expects Zetia generic to contribute USD 200 to 250 million and that a good part of those sales would go towards debt repayment.
ACC was under pressure, down 1.6 percent ahead of numbers today. A CNBC-TV18 poll expects a weak quarter dragged by weakness in volumes and realisations. Profit is expected to fall 40 percent.
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