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Bajaj Auto falls over 2% on turning ex-dividend

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IMF managing director Christine Lagarde gives a speech at a special forum preceding in Tokyo.
IMF managing director Christine Lagarde gives a speech at a special forum preceding in Tokyo.

Bajaj Auto, India’s second largest two-wheeler maker, was the top Nifty loser on turning ex-dividend Thursday.

At 10.52 a.m., the stock traded 2.1 per cent lower at Rs 1,550 on the BSE, while the Sensex was flat at 17,472.
The company's board had earlier recommended a dividend of Rs 45 per share for the financial year 2011-12.