6:00 PM Mumbai – MAN Industries secured orders worth about Rs 550 crore. Mahindra Holidays plans to invest up to Rs. 500 crore for expansion. NTPC received syndicated loan of $250 million. Valecha Engineering divested its three road assets worth Rs 309 crore.
The Sensex Index slid 29.21 to close at 26,597.11 The CNX Nifty fell 9.95 to 7,958.90.
Gainers & Losers
IDBI Bank Limited
fell 0.2% to Rs 62.55 after the bank received board approval to increased capital raising limit to Rs 15,000 crore from the previous Rs 4,000 limit.
MAN Industries India Limited
climbed 5.8% to Rs 60.90 after the company secured orders worth about Rs 550 crore from domestic and international customers for the supply of pipes for oil and gas sector projects.
Mahindra Holidays & Resorts India Limited
soared 7.4% to Rs 295.85 after the company plans to invest up to Rs. 500 crore in next 18 months for expansion.
decreased 0.6% to Rs 138.55 after the company signed a syndicated term loan of $250 million from Mizuho Bank.
Oil and Natural Gas Corporation Limited
declined 1.1% to Rs 407.55 after the company’s subsidiary signed an agreement with Mexico-based Pemex to jointly explore fields.
jumped 4.1% to Rs 60.50 after the automotive component maker agreed to sell its automotive speedo cable business to Suprajit Engineering.
Valecha Engineering Limited
surged 9.9% to Rs 67.50 after the company’s board approved the sale of three road assets in Madhya Pradesh and Gujarat for about Rs 309 crore.