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Market Update

India Movers: Airtel, Ess Dee, HUL, RCom, Tata, Wipro, Wockhardt

Author: Mukesh Buch
Last Update: 8:57 AM ET June 14 2013

6:00 PM Mumbai – Bharti Airtel promoter group increased its stake in the company. Ess Dee fourth quarter sales and profit climbed. Unilever won approval to increase its stake in Hindustan Unilever. RCom agreed to sale its DTH business to Sun Group.

The Sensex Index climbed 350.77 or 1.9% to close at 19,177.93 The CNX Nifty jumped 109.30 to close at 5,808.40. For the week Sensex slipped 1.3%.

Gainers & Losers

Bharti Airtel Limited rose 0.5% to Rs 289.10 after the promoter group Bharti Telecom hikes its stake in the company through open market purchase.

Ess Dee Aluminium Limited increased 1.9% to Rs 570.15 after net profit in the fourth quarter climbed more than two-fold to Rs 36.05 crore and sales soared 19.1% to Rs 193.21 crore.

For the year, net profit surged 26.9% to Rs 76.41 crore from Rs 60.23 crore and sales jumped 8.5% to Rs 687.88 crore.

Hindustan Unilever Limited fell 0.2% to Rs 593.30 after Unilever gets approval from Indian market regulator to increase its stake to buy 22.52% worth $5.4 billion.

Infosys Limited gained 0.7% to Rs 2,394.95 after the company’s U.S. subsidiary secured a contract from CareFirst BlueCross BlueShield.

Reliance Communications Limited jumped 1.5% to Rs 107.10 after the company plan to sell stake in its DTH business valued Rs 2,500 crore to Sun Group to reduce debt.

Tata Motors Limited jumped 3.9% to Rs 294.15 after the company''s UK subsidiary Jaguar Land Rover sales in May climbed 12% to 32,477 units.

Wipro Limited slipped 0.7% to Rs 337.65 after the company received a claim notice from income tax department for Rs 816 crore.

Wockhardt Limited rose 0.4% to Rs 1,044.40 after the insulin and hepatitis maker lost about 4% or $17 million of its revenue after the government banned sales of painkiller Proxyvon.

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