The BSE 30-share index lost 37.41 points to 15,505.36
STOCKS THAT MOVED
* Reliance Energy rose 4 percent to a record close of 894.30 rupees. Angel Broking said in a recent report it expected the company's engineering, procurement and construction (EPC) division to be a major growth driver in the next 2-3 years.
Brokerage Prabhudas Lilladher, which has target of 1,005 rupees, said in a note on Tuesday the stock could see significant re-rating due to its aggressive forays into the infrastructure sector.
* Steel Authority of India Ltd rose 1.6 percent, JSW Steel Ltd rose 1.3 percent and Tata Steel put on 0.4 percent. On Tuesday, the chairman of Steel Authority said on Tuesday he expected steel prices to remain healthy in the year to March 2008.
* Packaging products maker Essel Propack Ltd rose 6.6 percent to 66.60 rupees after the Economic Times reported the firm was in talks to acquire a packaging unit from Alcan Inc for an undisclosed sum.
* Real estate firm Peninsula Land Ltd rose 2.7 percent to 534.85 rupees after it struck a deal to sell 575,000 square feet of land in Mumbai to Alok Infrastructure, a unit of Alok Industries Ltd, for 10.5 billion rupees.
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