MUMBAI Feb 1 Tata Motors Ltd and
Ultratech Cement Ltd shares briefly dropped as much as
10 percent each, before sharply cutting losses, after a series
of shares were sold at lower prices, traders said.
Tata Motors shares were down 2.3 percent as of 0953 GMT
after six separate block deals comprising a total 2.07 million
shares took place at an average price of 274.92 rupees. The
sales sent Tata's shares as low as 268.25 rupees.
Ultratech shares were down 1.7 percent after one block deal
comprising 41,863 shares was made at an average price of
1,853.80 rupees. Shares fell as much as 1,712.35 rupees.
(Reporting by Mumbai markets team; Editing by Prateek