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Sensex gains slightly, Cipla surges, Coal India falls

SENSEX-NIFTY-CIPLA-COAL-INDIA:Sensex gains slightly Cipla surges, Coal India falls

Reuters  |  Mumbai 

The and gained slightly to extend a winning streak to a fourth day, as surged after posting a jump in earnings, but slumped after its fuel supply agreements with utilities sparked concerns about its margins.

Drug maker rallied 4.5 percent, having earlier hit its highest since January 2011, after posting a much better-than-expected net profit in the April-June quarter.

fell 2.6 percent after its agreement to supply at least 80 percent of the needed to fuel new power projects was seen exposing the miner to risks to its margins.

The 30-share provisionally rose 0.02 percent to 17,239.06 points.

The 50-share provisionally gained 0.22 percent to end at 5,240.50 points.


First Published: Wed, August 01 2012. 15:44 IST