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Market Update

India Movers: Ess Dee, Gujarat Apollo, Sterlite, Tata Motors, Tata Steel

Author: Mukesh Buch
Last Update: 8:49 AM ET April 11 2013

6:00 PM Mumbai Ess Dee plan to sell majority stake to Australian based Amcor. Switzerland based Amrnann Group holds 70% stake in Gujarat Apollo Ind. Luxury division JLR of Tata Motors said global sales jumped 16%. Tata Steel amalgamated its subsidiaries.

The Sensex Index gained 127.75 or 0.7% to close at 18,542.20 The CNX Nifty rose 35.30 to close at 5,594.

Gainers & Losers

Alkali Metals Limited slumped 2.1% to Rs 20.55 after the company said fourth quarter net swung to Rs 3.98 crore profits from net loss of Rs 8.18 crore a year earlier.

Ess Dee Aluminium Limited surged 15.2% to Rs 468.55 after the company plan to sell its majority stake to Australian based Amcor Limited.

Gujarat Apollo Industries Limited climbed 4.5% to Rs 109.15 after the Switzerland based Amrnann Group holds 70% stake in the company for road construction equipment business.

Reliance Industrial Infrastructure Limited slid 0.2% to Rs 378.95 after net profit climbed 6.9% to Rs 6.67 crore.

Sterlite Technologies Limited surged 5.7% to Rs 25 after the company secured new orders in fourth quarter valued Rs 630 crore.

Tata Motors Limited climbed 3.9% to Rs 278.15 after the company''s British luxury car unit Jaguar Land Rover global sales jumped 16% to a record 53,772 units in March.

Tata Steel Limited dropped 2.2% to Rs 298.70 after the company amalgamated Kalimati Investment Company Limited.

The company merged today its two groups Tata Metaliks Limited and Tata Metaliks Kubota Pipes Limited through a court approval process.

Western India Shipyard Limited soared 4.5% to Rs 3.05 after the company secured orders from Arcadia Shipping Limited and Chowgule & Co Pvt Limited for Rs. 16 crore.

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