6:00 PM Mumbai – Bank of Baroda issued fixed rate senior unsecured notes of $250 million. GMR Infra raised Rs 1,477 crore through a secondary offering. Infosys net profit expected to decline 11%. Indusind Bank profit surged 26%. SpiceJet offered one million seats at a deep discount price.
The Sensex Index slipped 137.30 or 0.5% to close at 25,444.81 The CNX Nifty fell 38.20 to 7,585.
Gainers & Losers
Bank of Baroda
gained 0.4% to Rs 834.40 after the bank issued fixed rate senior unsecured notes of $250 million, maturing on July 23, 2019.
GMR Infrastructure Ltd
slumped 2.2% to Rs 28.20 after the company raised Rs 1,477 crore by selling shares at Rs 31.50 per share to qualified institutional investors.
fell 0.9% to Rs 3,304.30 after the company’s net profit for the fourth-quarter is expected to decline 11.3% to Rs 2,653 crore from Rs 2,992 crore a year ago.
Indusind Bank Ltd
slipped 1.6% to Rs 543.40 after net profit in the first-quarter surged 25.7% to Rs 421.06 crore and total revenue climbed 20.6% to Rs 2,873.68 crore.
As on June, ratio of gross non-performing assets to gross advances jumped to 1.11% from 1.06% a year ago.
OnMobile Global Limited
rose 0.1% to Rs 35.20 after the company signed an agreement with Bangladesh –based Robi Axiata to distribute ring-back tone and interactive voice response solutions.
Sadbhav Engineering Limited
jumped 2.8% to Rs 194.45 after the company secured new project worth Rs 250 crore from South West Mining Ltd of Rajasthan.
dropped 2.4% to Rs 18.40 after the low-cost airline offered one million seats at deep discount price of Rs 999 for one way fares.