Sensex Snaps Eight Day Winning Streak, Falls 75 Points

Sharemasterindia.com 3:30 p.m.: Sensex provisionally closed 143 points lower at 27,660 and the Nifty ended 42 points lower at 8,340.

3:27 p.m.: Selling pressure was visible across the board. Metal, oil & gas, realty and consumer durable stocks were among the worst hit.

3:15 p.m.: Reuters quoting a Greek government official says that the country's proposals were rejected by its creditors.

Nifty Gainers/ Losers

 Nifty Gainers/ Losers

Gainers
Symbol	LTP	% chng	Volume
BHEL ZEEL LUPIN HINDUNILVR SUNPHARMA	252.75 354.70 1,810.00 892.00 871.15	3.67 2.65 2.19 1.86 1.57	73,09,143 38,78,769 11,44,165 18,09,829 51,61,589

 

Losers
Symbol	LTP	% chng	Volume
HINDALCO PNB BANKBARODA TATASTEEL M&M	116.95 137.80 145.25 303.40 1,296.00	-3.82 -3.77 -3.36 -3.08 -3.00	36,02,025 41,43,514 53,51,504 28,27,019 7,39,031

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Manpasand Beverages IPO Opens: Read This Before Investing

Sharemasterindia.com: Manpasand Beverages hit the capital market on Wednesday to raise an estimated Rs 400-crore by way of initial public offer (IPO). The issue opened on June 24 and will close on June 26.
 
Manpasand Beverages is offering 1.25 crore shares in the price range of Rs 290 to Rs 320. The minimum lot size is 45 shares. Post this IPO the market capitalisation of the company is likely to be between Rs 1,452-Rs 1602 crore.

Aurobindo Pharma Surges Over 4%, Hits 52-Week High

Sharemasterindia.com: Aurobindo Pharma shares surged over 4 per cent to hit 52-week high of Rs 1,454 on the National Stock Exchange.
 
Including today's gain the stock has surged around 14 per cent in last seven trading sessions after the company said that it had received final approval from the US Food & Drug Administration (US FDA) to manufacture and market extended Phenytoin sodium capsules, which is an anti-epileptic drug used for controlling seizures.

Persistent Systems Slumps 9% on Q1 Warning

Sharemasterindia.com: Shares of Persistent Systems fell nearly 9 per cent at its day's low of Rs 656 after the mid-tier IT company warned about its April-June quarter results.

In a business update to the stock exchange, Persistent Systems said the dollar revenue in the first quarter could be marginally lower as compared to the previous quarter. The IT company attributed it to weakness in its current product engineering business, coupled with seasonal variability associated with its intellectual property business.

Persistent Systems also indicated potential margin pressure in the first quarter due to higher visa costs.