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Market Update

India Movers: Bharti Airtel, Cairn India, Thermax, Swan Energy, Voltas

Author: Mukesh Buch
Last Update: 9:25 AM ET November 27 2013

6:00 PM Mumbai Bharti Airtel plan to sell bonds in Europe to raise $1 billion ahead of spectrum auction. Cairn India launched $1 billion stock buyback program. Thermax secured order worth Rs 269 crore. Voltas won three orders of Rs 1,000 crore in the Middle-East.

The Sensex Index slid 4.76 to close at 20,420.26. The CNX Nifty fell 2 to close at 6,057.10.

Gainers & Losers

Bharti Airtel Limited slipped 1.7% to Rs 321.80 after the company plan to rise as much as $1 billion by selling bonds to European investors before the January spectrum auction begin.

Cairn India Limited slid 0.02% to Rs 323.95 after the company said Vedanta Resources boards approved buy back shares worth $1 billion from January 2014.

DIC India Limited jumped 3% to Rs 349.70 after the printing inks maker propose a voluntary delisting from Mumbai stock exchange and proposed to delist from all exchanges in India.

DIC India''s net profit in the third-quarter ending in September declined 42.7% to Rs 3.41 crore and net sales jumped 6.1% to Rs 189.36 crore.

Flexituff International Ltd rose 0.5% to Rs 219 after the company said its board will meet on November 29 to consider raising the funds through a stock offering or private placement.

Swan Energy Ltd fell 0.05% to Rs 105.50 after the company said its board is scheduled to meet on December 4 to consider a 2-for-1 stock-split.

Thermax Limited gained 1.1% to Rs 645 after the company secured order worth about Rs 269 crore from a petrochemical company for its proposed captive power plant.

United Spirits Ltd jumped 2.7% to Rs 2,650.35 after the Diageo purchased 19,67,000 additional shares of the company at Rs 2,400 each.

Voltas Limited climbed 4.2% to Rs 99.05 after the company won three overseas orders worth Rs 1,000 crore in the Middle-East.

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