S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
Market Update

India Movers: Eros, Geometric, Hero, HDFC Bank, Tata Power

Author: Mukesh Buch
Last Update: 11:54 AM ET June 10 2014

6:00 PM Mumbai – Eros agreed to acquire a controlling stake in Universal Power System. Geometric signed maintenance contract with Sweden-based AB Volvo. HDFC Bank trimmed its stake in Reliance Ports. Tata Power increased its power generation capacity in Maharashtra with the launch of solar power plant.

The Sensex Index edged up 3.48 to close at 25,583.69 The CNX Nifty inched up 1.80 to 7,656.40.

Gainers & Losers

Eros International Media Limited declined 4.2% to Rs 220 after the company agreed to acquire controlling stake in Universal Power System Ltd a telecom operator service provider for an undisclosed amount.

Geometric Ltd jumped 3.4% to Rs 146.45 after the company signed an application maintenance contract with Sweden-based AB Volvo.

Hero Motocorp Ltd dropped 2.3% to Rs 2,662.60 on the worries of impact of weak monsoon on rural demand for two-wheelers.

HDFC Bank Limited slid 0.3% to Rs 817.45 after the bank partly exited it’s the bonds issued by Reliance Ports & Terminals, a subsidiary of Reliance Industries.

SpiceJet Limited climbed 3.7% to Rs 20.85 after the company launched promotional fares starting from Rs 1,999 on booking made before June 12 for travel between July 11 and September 30.

Supreme Tex Mart Ltd declined 3.5% to Rs 6.06 after net in the fourth-quarter swung to a loss of Rs 11.80 crore compared to profit of Rs 3.10 crore and sales tumbled 42.3% to Rs 167.50 crore.

Tata Power Company Limited fell 1% to Rs 112.50 after the company’s renewable energy capacity rose to 1,170 mega watt with the commissioning of its 28.8 mega watt solar plant at Palaswadi, Maharashtra.

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