Sensex down; Maruti falls, Infosys surges

Reuters Market Eye - The BSE Sensex falls around 60 points and the Nifty down 25 points. Shares in Maruti Suzuki fall 3 percent after the automaker's sales declined 14.4 percent in May compared with a year earlier.

Sun Pharmaceutical Industries Ltd fall 1.7 percent after two sources with direct knowledge told Reuters that company is in talks to buy Sweden's Meda AB for between $5 billion and $6 billion to boost its generics business in developed markets.

However, Infosys Ltd gain 5.3 percent on bets the return of founder and former chairman N.R. Narayana Murthy as executive chairman would improve the IT services outlook.

 

(Reporting by Abhishek Vishnoi)