Sensex, Nifty continue to trade in a tight range; Sun Pharma up 2%

Sun Pharma to acquire Ranbaxy in $4 billion all-stock deal
Sun Pharma to acquire Ranbaxy in $4 billion all-stock deal

Benchmark indices continue to trade in a tight range, with the Sensex and Nifty holding on to 34,000 and 10,500 levels, respectively. State run banks and pharma stocks are trading higher from Friday’s close. After close to 100% gains last week, the Reliance Communications’ stock is seeing some profit-booking.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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Epic Research
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