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The market has opened on lower note as traders seem to be cautious of the Participatory Notes (P-Notes) issue. The Sensex is down 161.11 points or 0.6 percent at 27951.20 and the Nifty is down 49.45 points or 0.6 percent at 8472.10. About 469 shares have advanced, 442 shares declined, and 91 shares are unchanged.
Tech Mahindra's revenue in the first quarter of fiscal 2016, up 1.7 per cent to Rs 6225 crore is expected. Tech Mahindra's revenue in the fourth quarter of fiscal 2015 was 6116.8 crore.
Sound estimates Ambuja Cement's profits in the second quarter of year 2015 to 39 per cent to Rs 250 crore could live. Ambuja Cement's profits in the second quarter of 2014 were 408.7 million.
Syngene research arm of Biocon today's IPO has opened for subscription. Syngene in the IPO by July 29 will be a chance to find the money. Syngene the IPO price band at Rs 240-250 per share has been fixed. Syngene IPO plans to raise Rs 500 crore to.
Today Nifty Top Gainers and Losers
ICICI Bank, Tata Motors, L&T, Tata Steel and GAIL are among major losers while Lupin, HUL, Cipla, NTPC and Dr Reddy's Labs are major gainers in the Sensex.
