The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.
Two sources aware of the matter said Reliance BP Mobility Ltd contends that PSU oil marketing companies control over 90% of the market and are the price-setters
In the ranking of top-five valued firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys and Hindustan Unilever.
In final bids for Boots, billionaires, and owner of UK's retail ASDA Group, Issa Brothers, are in the race with TDR Capital, a British private equity firm, and will be the front-runners.
Tata group will likely face stiff competition in the sector from existing global giants such as Unilever, as well as Indian tycoon Mukesh Ambani's Reliance Industries Ltd
Shares of both RIL and Adani Enterprises had soared 19% and 42% respectively between Feb 24, when the Ukraine invasion began, and end of April, before a global stock rout wiped out some of those gain
Stocks to Watch Today: Bharat Forge, Fino Payments Bank, MCX India, RateGain Travel, Raymond and VIP Industries are some of the notable companies scheduled to announce Q4 results on Monday.
Last week, Future Retail's Managing Director Rakesh Biyani stepped down, while officials including the company secretary of the debt-ridden firm tendered resignation
"Energy and banking sector corporations were among the highest-ranking Indian companies in Forbes' Global 2000 list of public companies this year," the publication said.
