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UBS added that its strategists are positively surprised by the scope and tone of the Plenum document.
The investment bank adds that company's September-quarter earnings came in line with consensus estimates.
The declines also tracked the Indian rupee, which fell to a record low as central bank measures to tighten capital outflows and curb gold imports were seen as unlikely to prop up the currency and could even spark further selling if they spook foreign investors.
Hindustan Unilever shares were up 3.7 per cent at 9.24 am after earlier hitting an all-time high of Rs 632.
Wage hikes and rupee depreciation may affect the business.
FIIs have been strong buyers of shares since last year until a recent streak of selling.
DLF, which builds homes, offices and shopping malls, has lost about 61 per cent of its value since listing on the stock exchange in 2007, underperforming the wider market.
The company stock ended up 4.49 per cent.
Would-be investors such as KKR, the Blackstone Group and Macquarie Group are looking at buying into completed projects.
Piramal owns an 11 per cent stake in Vodafone India.
The deal would be the biggest private equity transaction in India after Bain Capital paid about $1 billion to buy a 30 percent stake in business process and technology services provider Genpact.
In a landmark judgment that has the potential to change the direction of India's pharmaceutical business, the Supreme Court said on Monday that the drug failed to qualify for a patent according to Indian law.
The buyer received poor investor response to the pricing of the share sale.
Wipro and HCL Technologies among its top picks.
Says the TRC proposal was clumsily worded.
Expected cut in withholding tax for debt investments.
Wants to jointly develop the office space at Bandra-Kulra Complex.
BofA Merrill also upgrades its price objectives for private banks, retaining ICICI Bank Ltd as its top pick, and HDFC Bank Ltd and Axis Bank Ltd as its 'preferred' names.
Lafarge is in a drive to shed non-core assets to cut its debt to below 10 billion euros from 12.2 billion euros.
Ashishkumar Chauhan says that the exchange is seeking a valuation of about $1 billion.
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