Markets traded flat most of the day as gains in the pharma sector were offset by losses in other sectors like cement and FMCG.
The Bombay Stock Exchange Sensex ended marginally (2.70 points) lower at 3,604.43, snapping its four-session winning streak.
At the National Stock Exchange, the S&P CNX Nifty index lost 3.45 points to close at 1,130.70.
Pharma major GlaxoSmithKline was up 4.57 per cent at Rs 372.70 and Ranbaxy Labs was up 1.79 per cent to close at Rs 798.90. However, Cipla closed at Rs 747.90, down 0.94 per cent from its previous close.
Burroughs Wellcome was up 19 per cent at Rs 387.75. Aurobindo Pharma gained 6.37 per cent to Rs 396.55 after the company announced Q4 and FY 2002-03 results Monday.
For the quarter ended March 31, 2003, the company posted a net profit of Rs 46.37 crore (Rs 22.60 crore) on total income of Rs 353.97 crore (Rs 321.78 crore).
Cement pivotals led the fall following reports of a drop in cement prices. Cement heavyweight Gujarat Ambuja Cements was down 2.53 per cent to Rs 200, ACC was down 2.04 per cent at Rs 163.60 and L&T was down 0.81 per cent at Rs 243.
