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Market Update

India Movers: BHEL, CBI, Edelweiss, Hero Motocorp, IOB, RIL


Author: Mukesh Buch
ticker.com
Last Update: 9:09 AM ET June 13 2014

6:00 PM Mumbai – BHEL commissioned 68 megawatts hydro power plant in Himachal Pradesh. Central Bank of India board approved capital raising by issuing 71 million shares to LIC. Edelweiss Financial Services intends to issue a non-convertible debenture of Rs 200 crore.

The Sensex Index declined 348.04 or 1.4% to close at 25,228.17 The CNX Nifty dropped 107.80 to 7,542.10. For the week, Sensex slipped 1.4%.

Gainers & Losers

Bharat Heavy Electricals Limited slumped 2.7% to Rs 237.70 after the company successfully commissioned 68 megawatts hydro power plant in Himachal Pradesh.

Central Bank of India declined 5.2% to Rs 76.45 after the board approved a proposal to raising additional capital by issuing 71 million shares to LIC on a preferential basis.

Edelweiss Capital Limited fell 1.4% to Rs 59.10 after its subsidiary Edelweiss Financial Services intends to issue a non-convertible debenture of Rs. 200 crore.

Hero Motocorp Ltd dropped 4.4% to Rs 2,588.85 after the private equity firm Bain Capital plans to sell approx half of its holding worth about $300 million through block deals.

Indian Overseas Bank plunged 5.5% to Rs 80.20 after the bank plans to issue shares to the government to raise Rs 3,500 crore.

Reliance Industries Limited dropped 1.2% to Rs 1,081.95 and the company’s subsidiary Reliance Jio Infocomm plans to set up 14 data centers across the country for cloud-based services.

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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