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Markets turn positive; Sun Pharma rallies

Markets turn positive; Sun Pharma rallies
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First Published: Wed, Sep 08 2010. 12 07 PM IST
Updated: Wed, Sep 08 2010. 12 07 PM IST
Mumbai: Indian shares erased early losses and turned positive on Wednesday morning, helped by continued fund inflows.
At 11:20am, the 30-share BSE index was up 0.01% at 18,646.55 points, with 14 components advancing. It fell as much as 0.6% earlier. The 50-share NSE index was down 0.2 percent at 5,594.55.
Markets dropped 0.5% in early trade, with Reliance Industries and Infosys Technologies leading the decline, taking cues weak world markets.
Sun Pharmaceutical bucked the trend is trading 2% higher at Rs1757 after the Supreme Court of Israel ruled in favour of the drug maker and paved the way for closing of its offer for Taro.
At 9:00am, the 30-share BSE index was down 0.54% at 18,544.41 points, with 24 components declining. The 50-share NSE index was down 0.5% at 5,573.75.
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First Published: Wed, Sep 08 2010. 12 07 PM IST
More Topics: India | Stocks | Markets | BSE | NSE |