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MARKET EYE-Indian shares continue retreat from record; Kotak surges on M&A talk
November 20, 2014 / 4:12 AM / 3 years ago

MARKET EYE-Indian shares continue retreat from record; Kotak surges on M&A talk

* NSE index down 0.1 pct, the BSE index falls
0.05 pct.
* Market continues to consolidate after hitting record highs on
Wednesday.
* Blue-chips lead the falls on profit-taking.
* Tata Motors down 1.2 pct, HDFC Bank falls
1 pct.
* Kotak Mahindra Bank surges 4 pct, ING Vysya Bank
 surges 6 pct on speculation it will be acquired by
Kotak. 
* Kotak says no decision has been made in relation to any
merger. 

 (abhishek.vishnoi@thomsonreuters.com /
abhishek.vishnoi.thomsonreuters.com@reuters.net)

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