6:00 PM Mumbai – Bajaj Auto secured an order for 1,25,000 motorcycles from Sri Lanka. BHEL secured acontract worth €17 million for 430 megawatts in Turkey. Government plans to divest 10% from MOIL. Suzlon Energy won four contracts for 60 megawatts in UK.
Stocks soared in Mumbai trading after world and Asian markets stabilized and rupee advanced 7 paisa against one dollar.
The weakness in rupee surprised many traders over the last three months of trading when oil price fell nearly 50%, the largest commodity imported by India.
The lower oil price helps India in narrowing trade deficit which hovers between $100 billion and $120 billion, before the oil price collapse.
The Sensex Index climbed 329.95 or 1.2% to close at 27,701.79. The CNX Nifty gained 98.80 or 1.2% to 8,324.
Gainers & Losers
Bajaj Auto Limited
rose 0.3% to Rs 2,473 after the automobile maker secured an order for 1,25,000 units of Discover-125M motorcycles from Sri Lanka.
Bharat Heavy Electricals Limited
jumped 2.7% to Rs 265.75 and the power generation equipment maker secured a contract worth €16.96 million for 430 megawatts in Turkey.
Crompton Greaves Limited
gained 1.5% to Rs 183.10 after industrial equipment maker won an order from Belgian-based offshore wind farm operator Northwind.
advanced 1.3% to Rs 133.75 after the real estate developer plans to sell commercial assets to raise about $500 million or Rs 3,000 crore.
IDBI Bank Limited
added 2.1% to Rs 69.40 after the financial service provider plans to sell its 5% stake or Rs 1,000 crore in National Stock Exchange.
advanced 1.2% to Rs 298.80 after the government plans to divest 10% stake or Rs 500 crore to the company.
Mahanagar Telephone Nigam Limited
jumped 1.9% to Rs 25.90 telecommunication service provider raised Rs 3,769 crore through a bond offering.
Suzlon Energy Limited
climbed 7.8% to Rs 13.77 after the wind turbine generator maker’s subsidiary won four contracts for 60 megawatts in UK.