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Market Update

India Movers: Aurobindo, Clariant, Glaxo, SpiceJet, SBI, Tata, TCS

Author: Mukesh Buch
Last Update: 9:33 AM ET December 16 2013

6:00 PM Mumbai – Aurobindo Pharma received final approval from the U.S. regulators for its anti-depressant capsules. Clariant agree to acquire Plastichemix for Rs 135 crore. Glaxo surged after the parent company plans to raise its stake to 75%. SpiceJet signed agreement with Singapore-based Tigerair.

The Sensex Index fell 56.06 to close at 20,659.52. The CNX Nifty slid 13.70 to close at 6,154.70.

Gainers & Losers

Aurobindo Pharma Ltd surged 12.6 to Rs 348.95 after the company received the final approval from U.S. Food & Drug Administration to manufacture and market Duloxetine Hydrochloride, an anti-depressant capsule.

Clariant Chemicals (India) Limited dropped 2.6% to Rs 628.25 after the company agree to acquire Vadodara-based Plastichemix Industries for Rs 135 crore.

Essar Ports Limited slid 0.3% to Rs 56.45 after the company’s subsidiary signed agreement with Visakhapatnam Port Trust for development and operations of three iron ore berths.

GlaxoSmithKline Pharmaceuticals Limited soared 18.6% to Rs 2,927.40 after the parent company GSK plans to raise its stake from 50.7% to up to 75% or 2.06 crore shares through an open offer at a price of Rs 3,100 per share in its domestic unit.

SpiceJet Limited surged 7.6% to Rs 16.90 after the company signed three-year agreement with Singapore-based discount carrier Tigerair.

State Bank of India slid 0.6% to Rs 1,732.85 after the bank reduced its advance tax payment for the December quarter.

Tata Chemicals Limited slipped 1.2% to Rs 264.10 after the Reserve Bank of India imposed limits to new foreign investor stake purchase.

Tata Consultancy Services Limited gained 0.7% to Rs 2,017.30.

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