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Indian market ends in negative territory on Wednesday

| | May 24, 2017, at 10:20 pm
# BSE # NSE # Sensex # Nifty # Indiansharemarket
Mumbai, May 24 (IBNS): The Indian market closed in the negative on Wednesday with BSE Sensex down 63.61 points at 30301.64 and NSE Nifty down 16.40 points lower at 9369.75.

Drug manufacturer Lupin's net profit in the fourth quarter ended March 2017 fell 49.2 percent  due to erosion of base business in the US, the company said while reporting its results on Wednesday.

Total revenues of the company declined 5.1 percent to Rs 4,253 crore, it said.

Key stocks that declined on Wednesday were Tata Motors, GAIL, Adani Ports, HUL and TCS while BHEL, Larsen & Toubro, Cipla, Dr Reddys Labs and Cola India declined.

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