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BW Businessworld

Sensex Down; Maruti Falls, Infosys Surges

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The BSE Sensex falls around 60 points and the Nifty down 25 points. Shares in Maruti Suzuki fall 3 per cent after the automaker's sales declined 14.4 per cent in May compared with a year earlier.

Sun Pharmaceutical Industries Ltd fall 1.7 per cent after two sources with direct knowledge told Reuters that company is in talks to buy Sweden's Meda AB for between $5 billion and $6 billion to boost its generics business in developed markets.

However, Infosys Ltd gain 5.3 per cent on bets the return of founder and former chairman N.R. Narayana Murthy as executive chairman would improve the IT services outlook.

(Reuters)