Market Live: Sensex, Nifty open flat; ICICI Bank
gains, SPARC cracks 13%
Equity benchmarks as well as broader markets were
flat in opening trade despite positive Asian cues.
The 30-share BSE Sensex was down 12.67 points at
31,801.55 and the 50-share NSE Nifty fell 7.90 points to 9,971.80.
About two shares advanced for every share falling
on the BSE.
SPARC plunged 13 percent as Baclofen GRS did not
meet primary end point in placebo controlled studies. Bacoflen is a muscle
relaxer used to treat symptoms caused by Multiple Sclerosis.
TBZ, Titan Company, Sobha, Shakti Pumps, Speciality
Restaurants and Jaiprakash Associates rallied 2-6 percent. Adani Enterprises,
OBC and VA Tech were down 2-4 percent.
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