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CITIGROUP INC(NYSE:C) declined 1.28% to $3.86 on 399.89 million shares after Dow Jones reported that Citicorp Finance India Ltd., a unit of Citigroup Inc., sold its entire 8.77% stake in Rain Commodities Limited for about INR1.09 billion through bulk deals. Citicorp sold about 6.209 million shares for INR176 each. Citigroup Global Markets Mauritius Pvt. Ltd. bought about 1.0 million shares, while two Reliance Capital Trust funds together acquired 3.0 million shares, lifting Reliance Capital Trust's stake in the Company to about 8.8%. Reliance Capital Trustee Co. had a stake of 4.56% as of
Bank of America Corporation (NYSE:
Sprint Nextel Corporation (NYSE:S) was up 5.63% to $4.13 on 145.58 million shares after the company was downgraded from Buy to Neutral by Pali Research. Sprint Nextel Corporation is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses and government customers. The Company conducts its operations through two segments: Wireless and Wireline.