Tuesday 24 May 2016

Sensex sluggish; Aurobindo tanks 5%, Jubilant Food most active

Epic Update Aurobindo PharmaEpic Update Aurobindo Pharma

Equity benchmarks remained listless in afternoon trade but the broader markets extended losses with BSE Midcap and Smallcap indices falling over 0.7 percent each. The market breadth continued to be negative as about two shares declined for every share rising on Bombay Stock Exchange.

The Sensex gained 52.93 points at 25283.29 and the Nifty rose 8.50 points to 7739.55.

Jubilant Foodworks was the most active stock on exchanges after CSR report saying the bread available in India could be laced with toxic chemicals and may have toxic chemicals that can lead to thyroid disorders and cancer. The stock shed 5 percent despite clarification by the company saying it uses ingredients that are approved by FSSAI in all preparations and flour used by co is not treated with potassium bromate or potassium iodate.

Aurobindo Pharma plunged over 5 percent followed by BPCL, Idea Cellular, Bank of Baroda, Bajaj Auto, Sun Pharma, BHEL, ONGC and Lupin with 1-3 percent loss while NTPC, Tata Motors, ICICI Bank, Reliance Industries, Tata Power, UltraTech Cement and ACC gained 1-3 percent.

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