6:00 PM Mumbai – Bank of Baroda raised $170 million from the Government of India. Jet Airways sold parking slots in Brussels. L&T agreed to sell its stake in a joint venture to Komatsu. Tata Steel agreed to take 51% for $300 million in Canada based Labrador Iron Mines.
The Sensex Index declined 216.94 or 1.1% to close at 19,347.98 The CNX Nifty slumped 62.90 to close at 5,851.20.
Gainers & Losers
Bank of Baroda
slipped 2.5% to Rs 720.55 after the bank raised Rs 850 crore through issue of 1.01 crore shares to the Government of India on preferential basis.
Jet Airways (India) Limited
gained 1.2% to Rs 575.95 after the sale of parking slots in Brussels to Etihad Airways.
Kennametal India Limited
plunged 6.6% to Rs 533.50 after the US based promoter plans to cut stake in the company to meet the regulatory requirements.
Larsen & Toubro Limited
slid 0.3% to Rs 1,494.30 after the company is close to finalizing its stake sale to Japan based Komatsu Limited.
Oil and Natural Gas Corporation Limited
slipped 2.5% to Rs 316.70 and the company is in a deal with Reliance Industries on the Krishna Godavari basin to work on oil blocks.
Puravankara Projects Limited
dropped 3.9% to Rs 91.45 on the reports that the company plan to sell 4.5 crore shares to raise Rs 500 crore from promoters’ stake.
Tata Steel Limited
fell 1.1% to Rs 351.95 after its subsidiary agreed to buy 51% stake valued $30 million in cash for iron ore project from Labrador Iron Mines Canada.