Nifty choppy ahead of expiry; Cipla, Tata Motors in focus

epic_research

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The market continued to be choppy ahead of expiry of March derivative contracts (on Thursday). The Sensex gained 12.16 points at 28173.88 while the Nifty fell 1.15 points to 8541.80.

The broader markets underperformed with the BSE Midcap and Smallcap indices falling 0.2-0.5 percent. Declining shares outnumbered advancing ones by a ratio of 1649 to 913 on the Bombay Stock Exchange.

Tata Motors has been among the top Nifty gainers today. The board approved rights issue of 6 shares for every 109 shares held at Rs 450 per share. The company proposed to raise up to Rs 7,500 crore via the rights issue. Tata Motors DVR approved rights issue at Rs 271 per share.
 
 
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