SENSEX-BHARTI-PHARMA:BSE Sensex down Bharti slides, pharmas gain
Reuters Market Eye - The BSE Sensex falls 0.2 percent, while the 50-share Nifty declines 0.1 percent. Bharti Airtel falls 3.75 percent after Credit Suisse downgrades the stock to "underperform", citing the prospect Reliance Infotel would enter the wireless voice market and further hit margins in the sector.
Pharmaceutical stocks rise, with Ranbaxy Laboratories up 3.3 percent, as a couple analyst reports cite improved sales potential in the key U.S. market.
Pursuant to this purchase, their total holding rose to 11.2% in the company, crossing a threshold limit of 10% to attract the provisions of Sebi's ...