When Sensex was falling, Ranbaxy was rising

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MUMBAI: Though Ranbaxy and Daiichi Sankyo announced the takeover deal only on Wednesday, a section of marketmen got wind of the deal on Monday itself. The Sensex plunged by 506 points on Monday, but Ranbaxy share rose by 3.86 per cent to Rs 526.40. On Tuesday, the Sensex fell by 177 points, but Ranbaxy scrip shot up by 6.52 per cent to Rs 560.75. The scrip touched a high of Rs 592.70 before closing flat at Rs 560.80 on Wednesday after both the companies made the deal public.

Source: http://www.indianexpress.com/story/321661.html