Technology stock markets were seeing some buyers’ interest taking the index up 0.9 percent. Infosys, TCS, Tata Motors, NTPC, ITC were the biggest gainers in the Sensex.  Tata Teleservices (Maharashtra) or TTML’s offer-for-sale of 5.16 cr shares opens and closes today. The stock is down over 5 percent.

Linde India is down 4.4 percent. Their offer-for-sale which closed yesterday managed to raise USD 55 million with participation only from fund houses and domestic insurance companies.

UBS has a buy on Cairn with a target of Rs 445. Cairn’s aggressive drilling plans and capex could show encouraging results. Growing net cash and a likely hike in dividend pay-out will be positive, it says.

Pharma majors, Ranbaxy, Dr Reddy’s, Cipla lose about 1.5 percent after the Department of Pharma notified the drug price control order yesterday. Accordingly, new pricing will come into effect on the July 1. While this is in-line with most analyst expectations but it will impact the bottomline and return ratios of the companies in the near term with no substantial long term impact likely.

The market seems to be going out of breath after the consecutive gains this week. At 09.57 hrs IST, the Sensex was down 7.21 points at 20240.12, and the Nifty fell 3.80 points to 6166.10.

Technology stocks were seeing some buyers’ interest taking the index up 0.9 percent.  Infosys, TCS, Tata Motors, NTPC, ITC were the biggest gainers in the Sensex. Star of the day JM Financials hit 52-week high at Rs 27.50, up 15.7 percent on the BSE. Former chief executive officer of Citigroup Inc Vikram Pandit and Hari Aiyar announced to buy stake in JM Financial through warrants.

Nimesh Kampani-promoted JM Financial Thursday sought to strengthen its case for a banking license by roping in former Citigroup CEO Vikram Pandit. Meanwhile, Dr Reddys Labs, HDFC Bank, GAIL, HDFC and Bharti Airtel dragged in the Sensex.