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With a rally of 2.28%, Dr Reddy’s Laboratories emerged as the top gainer in the index
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Barring Dr Reddy’s and Infosys all other Sensex shares ended in the red
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On a year-to-date basis, shares of Linde India and National Oxygen have gained 93% and 49%, respectively
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Market experts suggest booking losses and exit the counter
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Global brokerage firm JP Morgan revised the target price upward for Tata Steel, citing higher earnings for steel companies.
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Jhunjhunwala’s have also increased their stake in other companies like Fortis Healthcare and Multi Commodity Exchange (MCX) in the March quarter
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Brokerages retained their bullish view on HDFC Bank after its posted 18% year-on-year growth in net profit at Rs 8,186.51 crore for the quarter ended March 31.
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Shares of Macrotech Developers erstwhile Lodha Developers opened at Rs 436 per share on the National Stock Exchange, Rs 50 lower than the issue price of Rs 486 marking a discount of 10.29%.
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The BSE Sensex traded 891.22 points, or 1.83%, down at 47,940 at around 9.20 am (IST).
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Sensex plunges 1,317 points or 2.70% at 47,940; whereas the broader market index Nifty50 tumbled 369 points or 2.53% at 14,248.