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Market Update

India Movers: Adani, Alembic, AstraZeneca, Dish TV, NHPC, Ranbaxy


Author: Mukesh Buch
ticker.com
Last Update: 9:14 AM ET March 06 2013

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.

NHPC Limited 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.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc