23:49
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The market continued to consolidate due to lack of triggers. The Sensex fell 6.81 points to 26516.28 and the Nifty declined 15.10 points to 8029.05.
Vendanta gained more than 1 percent while Cairn India fell 5 percent as CNBC-TV18 learnt from sources that the boards of the two companies may be meeting this weekend to discuss a merger. The move will give Vedanta access to Cairn’s cash and help reduce debt.
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Posted in: Indian Market Tips
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