The Sensex on Thursday fell by 30 points
to 32,370, extending losses for a third day, due to capital outflows by foreign
funds after the US Federal Reserve announced plan to wind down stimulus
measures and hinted at another interest rate. Market end flat after pharma stocks rallied on positive corporate announcements.
The Nifty Pharma index rose over 3% hitting 7-week high on
Thursday. And Banking
stocks fell. Andhra Bank fell 4%, Bank of India 3%, Syndicate Bank 2.6%,
Karnataka Bank 2.6%, Punjab National Bank 2.3%, Canara Bank 2.1%, Allahabad
Bank 2.1%, ICICI Bank 2%, Oriental Bank of Commerce 2%, Indian Bank 2%, Bank of
Baroda 1.8% and South Indian Bank 1.7%. Dr Reddy’s Laboratories Ltd
surged over 6.5% to Rs2,462.90
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