ECONOMY ANALYSIS:
India service sector PMI falls to lowest since April 2009
PFC June quarter profit surges to Rs 1,198 crore
BHEL sinks over 19%, worst percentage fall in 9 years
Bajaj Corp Q1 net profit up 25% to Rs 47cr
Jubilant Food still sees 8-10% FY14 same-store sales growth
JSW Steel's crude steel production rises 47% in July
MARKET ANALYSIS:
The S&P BSE Sensex pared most of its intraday gains to close 18.24 points higher on Monday, weighed down by losses in BHEL, Bharti AirtelBSE -2.35 % and Bajaj Auto.
The 50-share Nifty index slipped below its crucial psychological level of 5,700. The index closed at 5,685.40, up 7.50 points, or 0.13 per cent.
The Nifty touched a high of 5,721.00 and a low of 5,661.50 today.
The S&P BSE Sensex ended at 19,182.26, up 18.24 points, or 0.10 per cent. It touched a high of 19,306.51 and a low of 19,141.68.
BHELBSE -19.08 % plunged over 19 per cent to hit its seven-year low of Rs 120.65 after the power equipment maker posted nearly 50 per cent decline in net profit.
The stock finally closed 19.08 per cent lower at Rs 120.90.
Among the major losers on Sensex were BHEL (19.08 per cent), Tata MotorsBSE -2.01 % (2.01 per cent), Bharti Airtel (2.3 per cent), L&T (1.9 per cent) and Bajaj AutoBSE -1.76 % (1.7 per cent).
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