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Stock market live: Sensex turns flat, Nifty falls below 6500

3.46 pm: Sensex closed 22.81 points higher at 21,832.61, and Nifty closed 12.45 points up at 6516.65.

3.28 pm: Rupee Update: Rupee currently trading at 61.09 up 10 paisa from its last closing.

3.22 pm: Polaris oks demerger of products business. Demerger to be in 1:1 ratio (Read full story). polaris currently trading at Rs.158.95 (15.73%).

3.05 pm: Stock Market Update:  Nifty currently trading up 16.85 points at 6521.05 and the 30-share Sensex trading 49.20 points higher at 21859.00.

2:57 pm: Natco Pharma ltd. gets USFDA's tentative nod for generic Tamiflu (Read full story). Shares of Natco Pharma currently trading Rs. 828.25 (0.51%).

2:45 pm: Zensar Technologies, a leading software services and infrastructure provider has reported significant new multimillion dollar wins in the United States and Europe. Company says in a press release today that it won significant deals near Rs.100 crores. Zenser tech is currently trading at Rs396.40 (2.35%).

2:25 pm: Angel Broking recommends 'accumulate' on Mphasis with a target price of Rs 445 (12 months). Mphasis is currently trading at Rs.403.95 ( up 2.49%).

1:55 pm: Bank Nifty falls 200 points from day high.

1.50 pm: Rupee Update: Rupee currently trading at 61.07 up 12 paisa from its last closing.

1.45 pm: Stock Market Update: Nifty and Sensex turns flat after touching record high. Nifty currently trading up 5.70 points at 6509.90 and the 30-share Sensex trading 9.54 points higher at 21819.34.

1:28 p.m : AstraZeneca surges 7.5% as board okays delisting  (Read full Story)

1:10 p.m: Deven Choksey, MD, KR Choksey Securities, has a target of Rs 2,100 to Rs 2,200 on Maruti. He attributed today's rally in Maruti to short-covering after Maruti management addressed the concerns over Suzuki's Gujarat plant.

Shares of Maruti Suzuki surged today on the company's plans to seek minority shareholder approval to set up a plant in Gujarat as a unit of Suzuki Motor Corp.

Maruti shares are up 7.9 per cent at Rs 1,874 after hitting Rs 1,899 at its day's high. (See other top gainers)

12.50 pm: Rupee Update: Rupee currently trading at 60.98 up 21 paisa from its last closing.

12.45 pm: Jindal Steel & Power, trading at Rs. 263.85 (3.11%) is currently the second highest gainer on Nifty after Maruti.

12.39 pm:  Mr. Pravat Avasti of Nomura says the macro outlook of India has changed completely as there is no excess demand as evident from low current account deficit. Nomura is positive on India, bets on cyclicals i.e banks.

12.27 pm: Crompton Greaves Ltd. trading at Rs. 157.95 (6.65%) is currently leading the BSE Cap goods index.

12.15 pm: Stock Market Update: Nifty & Sensex off from day high. Nifty currently trading up 43.25 points at 6547.45 and the 30-share Sensex currently trading up by 141.71 points at 21951.51.

11.59 am: GSK currently trading at Rs.4195.20 (1.46%). Credit Suisse upgrade GSK consumer to outperform, Target seen at Rs.5000 per share. As per the brokerage major GSK now trades a 15% discount on P/E to its MNC peers, GSK has high earnings growth of around 18%. GSK's EBITDA margins are at a 20-year low. Rural distribution should double in 2-3 years.

11.49 am: Goldman Sach upgrades India to 'Overweight' from 'Neutral". It Maintains Nifty 12- month target at 7600, It says allocation favours cyclicals over defensives and expect domestic fundamentals to improve. Elections may be an important domestic catalyst.

11.33 am: Stock Market Update: Nifty currently trading up 55.15 points at 6559.35 and the 30 share Sensex currently trading up by 174.87 points at 21984.67.

11.29 am: Market analyst Sarvendra Srivastava says Nifty and Sensex trading at all-time high and the willingness to trade higher is clearly visible, maintains Nifty target at 6700-6800.

Sarvendra's top calls for the day,

1) Buy Voltas, target Rs. 152, Stop Loss Rs. 142.40

2) Buy ITC, target Rs. 365, Stop Loss Rs. 347.40

3) Buy Punjab National Bank, target Rs. 655, Stop Loss Rs. 624.40

11.16 am: Among sectorial indices CNX PSU bank index is the major gainer, currently trading at 2440.35 (2.27%) up 54.20 points.

11.10 am: Rupee Update: Rupee currently trading at 60.94 up 25 paisa from its last closing.

11.07 am: SBI currently trading at Rs.1693.15 (2.36%) up Rs.39, SBI Q4 advanced tax Rs.1456 crore vs. Rs.1450 crore YOY. (Read full story)

11.05 am: SREI Infra currently trading at Rs.26.90 up Rs.1.80 (7.17%). SREI infra signs contract with Reliance Jeo for tower sharing.

10.48 am: Stock Market Update: Nifty currently trading up 52.50 points at 6556.70 (0.81%) and the 30 share Sensex currently trading up by 165.88 points at 21975.68 (0.76%).

10.30 a.m. Market analyst Sarvendra Srivastava says momentum is back with the bulls and Nifty targets of 6,700-6,800 are possible. The Bank Nifty is likely to trade around 12,300-12,500, he added.

Sarvendra's top calls for the day,

1) Bank of Baroda: Buy with a target of 600 and a stop loss of 634.8.
2) Canara Bank: Buy with a target of 260 and a stop loss of 229.4.
3) BHEL: Buy with a target of 210 and a stop loss of 178.4.

10.15 am: Rupee Update: Rupee currently trading at 60.93 up 26 paisa from its last closing.

10.15 am: Stock Market Update: Nifty currently trading up 54.05 points at 6558.25 and the 30 share Sensex currently trading up by 175.13 points at 21984.93.

10.10 am: Rupee currently trading at 60.90 up 29 paisa from its last close. As rupee gains major IT and pharma companies took a hit in today's trade with TCS being the top looser in Nifty.

9.59 am:  Banks lead the market rally today with PSU banks being the major gainers on Nifty next to Maruti.  Indusind Bank trading up Rs.12.75 at 480.90 followed by Punjab National Bank trading up Rs. 14.35 at Rs.639.30.

9.45 am: The 50 shares index Nifty currently trading at 6565.75 up 61.55 (0.95%) and the 30 shares index Sensex currently trading at 22014.70 up 204.90 points (0.94%).

9.35 am: Both Nifty & Sensex opens higher today, tracking global cues. Maruti opened as much as 9.8% up today as the car maker said it will seek minority shareholder approval for the Gujarat plant to be built by its parent Suzuki Motor. (Read full Story)