Sensex hits 2013 lows; more profit booking expected
The Sensex fell for a seventh consecutive session to the lowest close this year as M&M and cement makers retreated after earnings missed estimates. GIC of Singapore picks up NTPC shares worth Rs 1,000 crore
GIC of Singapore has cornered shares worth Rs 1,000 cr in NTPC divestment in which foreign funds bought almost 45% of shares put on sale. M&M Q3 net profit up 26% at Rs 836 crore, lags estimates
M&M posted a 26% rise in profit for the three months to end-December, as a slide in operating margin offset strong SUV sales growth.
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