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Grasim hogs limelight

MUMBAI JUNE 18. Grasim Industries hogged the limelight as the market ended flat in erratic movements on the Bombay Stock Exchange here today on good buying by speculators and foreign funds, alternated by selling by domestic funds.

Grasim Industries were in the limelight and scored sharp rise on reports that the company yesterday had struck a Rs. 2,200 crore deal with L&T to buy the cement division.

Others such as ACC, BSES, HDFC, HPCL, Hindalco, ITC, Nestle, Telco and Tisco that have sizable weightage in the Sensex, also registered marked gains on buying support.

However, RIL, SBI, Satyam Computer, Infosys Zee Telefilms, Ranbaxy, L&T, Hero Honda, Dr. Reddy's and Bajaj Auto suffered a sharp setback due to selling by local funds.

The BSE benchmark 30-share index opened on a promising note at 3440.69 and later was trapped in a range between 3452.73 and 3417.74 as a result of mixed trend, before ending at 3430.96 against yesterday's close of 3431.03.

PTI

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