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Dr.
Reddy's scrip in the limelight
Mumbai: The Sensex gained in early trading on Wednesday.
Dr. Reddy's also opened with impressive gains following
reports that a US court has dismissed Pfizer's complaint
against company for launch of hypertension drug amlodipine
maleate, generic version of Pfizer's Norvasc.
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Bears
march ahead
Mumbai: Bears extended their pressure over Tuesday's
trading activity. This resulted in initiating downtrend
in most of the tradable counters. The market sentiment
reading of the tradable counters stands strongly bearish.
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Grasim
volumes surge
Mumbai: Traded volumes on the Grasim counter today
rose about six-fold on the Bombay Stock Exchange and four-fold
on the National Stock Exchange over yesterday's volumes.
Brokers attributed this to likely "block deals in
inter-scheme transfers".
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Fund
buying in HDFC Bank
Mumbai: HDFC Bank was in the spotlight on Tuesday
with some funds buying into the stock. According to market
sources, a prominent domestic brokerage firm is said to
have bought into the counter and analysts put it to attractive
valuations.
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BEML
surges on speculative interest
Mumbai: The stock of public sector undertaking
Bharat Earth Movers Ltd (BEML) has been abuzz with activity
on speculative as well as trading calls. Yesterday, the
stock touched a high of Rs 85.30 on the BSE and Rs 84.90
on the NSE.
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Avon
Organics stock jumps on order talk
Hyderabad: Avon Organics Ltd has been soaring in
the last few days on rumours that the company is likely
to sign a contract to supply pseudoephidrine shortly.
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Bank
stocks steal the show even as others slip
Mumbai: After the reversal on Monday, stocks of
public sector banks were again in demand on Tuesday. Led
by State Bank of India, stocks of a number of public sector
majors recorded sizeable gains.
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Re
edges up; gilts rally
Mumbai: The rupee closed stronger at 48.1375/1425
against the dollar on Tuesday as compared to Monday's
close of 48.1450/1500 in the forex market.
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