Bombay Stocks End Lower
The BSE Sensex lost 370.87 points to close at 10,042.06 Monday. The index dipped sharply on account of profit-taking in some index heavyweights.
Losers included
Tata Steel
, which lost 6.88%;
Hindalco
, which shed 6.70%; and
Tata Motors
(TTM) - Get Tata Motors Ltd Limited Report
, which dropped 5.79%.
Bucking the trend was
HDFC Bank
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(HDB) - Get HDFC Bank Limited Report
, which rose 2.69%.
Aditya Birla Nuvo
lost 0.42% despite news that it has inked a pact to acquire
Minacs Worldwide
, Canada"s leading BPO provider, for $125 million. The combined business will have a revenue base of about $300 million.
Tata Coffee
gained 1.70% on the news that it has signed a definitive agreement to acquire U.S. based
Eight 0"Clock Coffee
from Gryphon Investors for $220 million. The deal is expected to benefit Tata Coffee in terms of gaining ownership of the well known US brand.
This story was created through a joint venture between TheStreet.com and IRIS.
