DAILY MARKET ANALYSIS
- The BSE benchmark Sensex ended lower for the second straight session ahead of the key earnings. The 30-pack index dropped 133.65 points, or 0.54 percent, to close at 28,645.13. Nifty ended the day at 8,706.7, down 43.50 points.
- Top stocks/events that influenced markets on Thursday
- Tata Consultancy Services Ltd (TCS) tumbled 1.74 percent for the day to close at Rs 2,579 ahead of its fourth quarter earnings.
- Rolta India slumped over 11 percent in trade after US-based Glaucus alleged that the Indian IT company overstated its Ebitda in the belief that the firm will not be able to repay foreign bondholders without refinancing.
- Eicher Motors climbed 3 percent in trade after the Reserve Bank of India (RBI) raised FII limit for the company to 49 percent. FIIs held 19.47 percent stake in the company as of December 31, 2014.
- Stocks of DVRs rally up to 11 percent on reports NSE may include DVRs in the benchmark Nifty from April. Shares with differential voting rights (DVRs) such as Tata Motors DVR and Future Retail DVR rallied up to 11 per cent in trade on Thursday.
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