Sensex, Nifty weak; Tata Chemicals rises 7%, Motherson down 5%

Epic Update Tata Chemicals



Equity benchmarks remained under pressure with the Sensex falling 219.34 points or 0.78 percent to 27865.82 and the Nifty declining 76.65 points or 0.88 percent to 8601.60.
The broader markets also traded in line with benchmarks as about 1710 shares declined against 729 advancing shares on the Bombay Stock Exchange
Motherson Sumi fell 5 percent on profit booking after the profit and revenue in Q1 grew by over 15 percent on yearly basis and margin failed to hit double digit mark.
Tata Chemicals increased nearly 7 percent after the company decided to sell its urea business to Yara Fertilisers India for Rs 2,670 crore on slump basis.

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