6:00 PM Mumbai – Colgate-Palmolive board approved a 2-for-1 stock split. Hindustan Motors February sales surged 166.5%. Kalpataru Power secured orders worth more than $300 million. NYSE Euronext postponed 4.8% stake sale in MCX.
The Sensex Index jumped 281.65 or 1.5% to close at 19,695.19 The CNX Nifty advanced 82.40 or 1.4% to close at 5,945.70.
For the week, the Sensex climbed 4%.
Gainers & Losers
Colgate-Palmolive (India) Limited
rose 0.03% to Rs 1,332.25 after the board approved a 2-for-1 stock split via a stock dividend and increased the dividend by 10%.
Hindustan Motors Limited
soared 16.5% to Rs 10.42 after the company registered 166.5% monthly sales growth in February.
Jet Airways (India) Limited
surged 9.9% to Rs 554.10 on the report that Etihad may buy a 10% to 12% stake in the company.
Kalpataru Power Transmission Limited
jumped 3.4% to Rs 87.10 after the company secured new orders worth over Rs 1,810 crore in international and domestic markets.
Larsen & Toubro Limited
advanced 2.2% to Rs 1,496.10 after the company signed agreement with CMI Energy for license extension to manufacture and supply small steam generators to South East Asia and the Middle East.
Multi Commodity Exchange of India Limited
declined 4.5% to Rs 970.10 on the media reports that New York Stock Exchange postponed its plans to sell 4.79% stake.
Maruti Suzuki India Limited
slipped 1.6% to Rs 1,427.70 after the company said it will suspend production of petrol cars at Gurgaon plant to cut inventory amid slowing sales.
The company is in the process of setting up a manufacturing plant with a total investment of $728 million in Gujarat.
Pantaloon Retail (India), Ltd
gained 2.9% to Rs 184.45 after the company plans to raise Rs 800 crore unlocking value in two insurance joint ventures with Italy''s Generali Group.
Rashtriya Chemicals and Fertilizers Limited
jumped 3.7% to Rs 45.45 after the central government set the base price for auction of a 12.5% stake at Rs 45 a share, 2.6% premium of closing price of Rs 43.85 of March 7.
Sun TV Network Limited
rose 0.3% to Rs 429.30 and the board is in talks with foreign institutional investors to sell a 2% stake.