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Market Update

India Movers: Ashok Leyland, Cairn India, Indiabulls, Tata Motors, UPL

Author: Mukesh Buch
Last Update: 10:41 AM ET June 20 2014

6:00 PM Mumbai Cairn India plans to invest $200 million in Rajasthan. Indiabulls buys property worth 155 million in a prime location in London, UK. Tata Motors invested 200 million in the UK. UPL sold its entire stake in its Brazilian subsidiary to Italy-based Sipcam.

The Sensex Index slipped 96.29 or 0.4% to close at 25,105.51 The CNX Nifty fell 29.25 to 7,511.45. For the week, Sensex slid 0.5%.

Gainers & Losers

Ashok Leyland Ltd slipped 1.5% to Rs 32.65 after the company signed a consortium agreement with Nexter Systems and Larsen & Toubro Ltd. to collaborate for the Mounted Gun System artillery program for the Indian Army.

Cairn India Limited gained 1.1% to Rs 370.70 and the company plans to invest $200 million in the next three years to develop natural gas fields in Rajasthan.

Indiabulls Real Estate Ltd rose 0.3% to Rs 92.50 after the company invested 155 million or $264 million or Rs 1,550 crore at a prime location in ritzy area Mayfair of London.

Mahindra & Mahindra Fin. Services Ltd fell 0.9% to Rs 272.65 after it received shareholder approval to increase borrowing limit to Rs 45,000 crore.

Tata Motors Ltd slid 0.4% to Rs 436.85 after the company announced an investment plan of 200 million at its Halewood plant in the UK to develop new SUV Discovery Sport.

UPL Ltd declined 3.2% to Rs 313.10 on report the company has sold its entire stake of 50% of its Brazilian subsidiary Sipcam UPL Brasil S.A. to Italy-based Sipcam S.p.A.

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