6:00 PM Mumbai – Adani Power plans to issue shares to promoters on preferential basis. Indian Overseas Bank approved additional stake sales to central government. L&T won new orders valued Rs 2,080 crore.
The Sensex Index decreased 91.32 or 0.5% to close at 18,792.87 The CNX Nifty slid 35.65 to close at 5,658.75.
Gainers & Losers
Adani Power Limited
declined 6.5% to Rs 41.20 after the company plans to issue shares to promoters on preferential basis.
Balmer Lawrie & Co. Ltd
climbed 5.8% to Rs 612.15 after the company’s board schedule to meet on March 26, to consider bonus share issues.
Bajaj Finance Limited
slipped 1.2% to Rs 1,239 after the company allotted 2,05,000 shares to the trustees under employee stock option.
Bharti Airtel Limited
soared 6% to Rs 298 after its promoter Bharti Telecom Limited acquired 8,78,514 shares of the company worth around Rs 26.75 crore.
fell 0.8% to Rs 304.95 after the Maharashtra government raised taxes on cigarettes from 20% to 25%.
Indian Overseas Bank
slumped 2% to Rs 66.25 after the shareholders approved to allot 12.71 crore equity shares to the Government of India.
Larsen & Toubro Limited
dropped 2.8% to Rs 1,396.60 after the construction unit won orders valued Rs 2,080 crore in February and March.
Moser Baer India Limited
gained 3% to Rs 4.79 after the company sought shareholders approval to issue 4 crore shares to its promoter as part of corporate debt restructuring.
Mahanagar Telephone Nigam Limited
declined 4.2% to Rs 18.05 after the company board scheduled to meet on March 25 to discuss sovereign guarantee bonds to raise Rs 3,000 crore.
Sadbhav Engineering Limited
slipped 1.6% to Rs 114 after the company won road projects in Haryana worth Rs 1,210 crore from National Highways Authority of India.