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India Elections: "We expect the economy to bounce back on multiple counts in the backdrop of the election. First, anticipation of a good monsoon is expected to boost the rural economy. Secondly, with the softening of raw material prices, while companies are gearing up to pass on the benefits to the consumers, they will also invest more in brand building. The combination of these will definitely push the demand for the FMCG sector up," said Emami Wholetime Director & Vice Chairman, Mohan Goenka.
In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 6,046 crore led by Kotak Mahindra Bank with 29 block counts, totalling to Rs 1,310 crore.
The Nifty 50 index closed 0.22% lower at 21,731 points, while the Sensex settled 0.23% down at 72,240 points -- both only slightly shy of the record highs hit in the previous session.
Centuryply's Largest Plant Inaugurated In Andhra Pradesh menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Kadapa (Andhra Pradesh), Dec 23 (IANS) Century Plyboards' largest integrated wood panel manufacturing plant in Andhra Pradesh's YSR Kadapa district was opened on Saturday.
Biggest losers were BPCL, Apollo Hospitals, Maruti Suzuki, Sun Pharma and Eicher Motors, while gainers included HDFC Life, UltraTech Cement, Bajaj Auto, SBI Life Insurance and Axis Bank.
UPL, UltraTech Cement, Bajaj Auto, Adani Enterprises and LTIMindtree were top NIfty gainers, while losers were Dr Reddy's Laboratories, Cipla, Axis Bank, BPCL and M&M
Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 14199.08 Crore) operating in Building Materials sector.