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Mid-caps advance as Sensex gives up gain

Foreign investors have sold about $875 million of Indian shares this month

Ameya Karve  |  Mumbai 

India's mid- and small-cap stocks rose for a second session, helped by health care companies and utilities, even as the benchmark gauge gave up gains to close little changed before the expiry of derivative contracts on Thursday. Divi's Laboratories capped its biggest two-day gain since August 2015. The stock lost a record 31% over Friday and Monday amid observations made by the US Food and Drug Administration about the company's manufacturing facility. JSW Energy surged as much as 6.4% in a second day of advances after the board approved a fundraising plan. Mangalore ...

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First Published: Thu, December 29 2016. 00:11 IST