The 30-share BSE Sensex declined 21.14 points to 28205.47 and the 50-share NSE Nifty fell 7.85 points to 8726.40. However, the broader markets extended gains, rising nearly 1 percent on strong breadth.
About 1446 shares advanced against 819 declining shares on the Bombay Stock Exchange.
Sun TV Network rallied further, up 26 percent as brokerage houses raised target price on the stock after special 2G court cleared charges on former Telecom Minister Dayanidhi Maran and his brother & head of the company Kalanidhi Maran, in Aircel-Maxis case and with this, there was end to long-standing legal overhang on stock. CLSA has upgraded the stock to buy from sell and raised target price to Rs 661 from Rs 438.
BSE shares surged as much as 49 percent to touch an intraday high of Rs 1,200 after opening at Rs 1085 on the National Stock Exchange, up 35 percent over issue price of Rs 806.
Adani Ports, SBI, Cipla, Sun Pharma and BHEL were top gainers among Sensex stocks, up 1-3 percent while ICICI Bank and Infosys fell 1-2 percent.
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