The market continued to be choppy in afternoon trade due to lack of global and domestic cues. European markets were higher with investors reacting once again to price volatility in commodity markets.
The 30-share BSE Sensex fell 42.62 points to 24642.80 and the 50-share NSE Nifty declined 0.75 points to 7545.70. About 1377 shares advanced against 1020 declining shares on Bombay Stock Exchange.
Ipca Laboratories tanked 20 percent after Geneva-based fund decided not to source any anti-malaria drug from the company due to USFDA warning letter.
Sagar Cements gained 20 percent as the Hyderabad-based cement company said its cement production in March grew by 42 percent to 2 lakh tonnes compared to year ago period with Telangana sales rising 119 percent and Andhra Pradesh 135 percent. These two states contributed more than 50 percent to sales.
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