6:00 PM Mumbai – Mavi Investment Fund sold 75 million shares of Adani Power. AstraZeneca India promoters reduce their stake in the company. Dish TV board approved divestment of Singapore arm. Central government divested 12.5% stake in Rashtriya Chemicals.
The Sensex Index advanced 109.44 or 0.6% to close at 19,252.61 The CNX Nifty gained 34.35 or 0.6% to close at 5,818.60.
Gainers & Losers
Adani Power Limited
climbed 3% to Rs 47.75 after the Mavi Investment Fund sold 75 million shares for Rs 33.37 crore.
Alembic Pharmaceuticals Limited
jumped 3.6% to Rs 95.50 after the company received approval from US Food and Drug Administration for version of Pristiq by Pfizer.
AstraZeneca Pharma India Limited
increased 1.9% to Rs 850.20 after the promoters of the company reduce its stake to meet regulatory requirements.
Cairn India Limited
climbed 2.4% to Rs 299.50 after the company started natural gas production from Rajasthan block and sought approvals for sale by end of the month.
Dish TV India Limited
gained 1% to Rs 69.75 after the board approved divestment of the Singapore subsidiary.
Gammon Infrastructure Projects Limited
slipped 1.6% to Rs 12.22 after the parent company plan to sell up to 24% stake in the company.
jumped 4.2% to Rs 20.85 on media reports that institutional investors sold their stake in the company.
Rashtriya Chemicals and Fertilizers Limited
climbed 1.6% to Rs 45 after the central government divested 12.5% stake in the company.
Ranbaxy Laboratories Limited
increased 1.6% to Rs 397 after the company entered into a licensing agreement with Alembic to sell generic version of Pfizer''s anti-depression drug in U.S. market.
Yes Bank, Ltd
rose 0.4% to Rs 481.80 after the Reserve Bank today said foreign institutional investors cannot increase stake in the bank as 49% limit of foreign holding has been reached.