After opening lower with a gap down at 5.83 per cent, Jet Airways' stock further plunged down 6.6 percent to the day's low of Rs. 213.95.

Bharti Airtel transferred 8.65 per cent stake in Bharti Infratel on Monday and another 8.11 per cent on Tuesday to Nettle Infrastructure

The market has turned flat following Nifty trading down by 0.08 per cent and Sensex up by 0.09 per cent.

Larsen & Toubro's hostile acquisition attempt of IT major Mindtree is itself a repeat of history, and if required, the promoters of Mindtree can attempt a lesson L&T learned and enacted to thwart its own hostile acquisition attempts by the Reliance Industries and Birlas in early 2000s.

Under flak for mounting a Rs 10,733-crore hostile takeover bid on Mindtree, engineering major L&T Tuesday said the deal got triggered after largest shareholder VG Siddhartha approached them three months ago, and exuded confidence in winning over the unhappy promoters.

Coffee Day Trading and V.G. Siddhartha, promoter of the company, along with certain other parties have signed a definitive agreement to sell their entire stake in Mindtree Ltd to Larsen & Toubro Limited for a consideration not exceeding Rs 3,269 crore.

The stock market continued its winning run for a seventh consecutive session Tuesday with the BSE Sensex rising 268 points to close at over six-month high led by gains in index heavyweights like ITC, RIL and Infosys amid continuous foreign fund inflow.

Although L&T's hostile takeover of Mindtree has the potential to create an entity revenue over $2 billion, analysts are not positive that it can create any significant value for either of the two companies.

According to Hotel Leela Venture, the transaction includes assignment of all hotel management contracts currently in operation as well as all under-development.

The increase in dealer margins took effect in January and is done to add liquidity to dealerships amid subdued demand for Maruti Suzuki's passenger cars.

Reliance Industries gained Rs 2.8 lakh crore so far in this financial year and TCS added Rs 2.3 lakh crore.

Shares of Maruti Suzuki India dipped over 4 per cent in intraday on Monday after media report suggested that the country's largest car maker slashed its production in March quarter due to muted demand in the passenger vehicle market.

Shares of DHFL (Dewan Housing Finance Corporation Limited) rose almost 6 per cent in intra-day trade on Monday, after the housing finance company announced to sell its entire stake in Avanse.