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Market Update

RIL and Pemex in Exploration Deal, Zuari Acquires 25% Stake in MCFL


Author: Mukesh Buch
ticker.com
Last Update: 11:18 AM ET December 05 2014

6:00 PM Mumbai Axis Bank raised Rs 5,705 crore to sold infrastructure bond. Dena Bank plans to sell bad loans of Rs 500 crore to asset reconstruction companies. Zuari group agreed to acquire 25.9% stake in the MCFL.

The Sensex Index slipped 104.72 or 0.4% to close at 28,458.10. The CNX Nifty fell 26.10 or 0.3% to 8,538.30.

For the week, Sensex declined 0.9% and CNX Nifty dropped 0.7%.

Gainers & Losers

Axis Bank Limited fell 0.3% to Rs 495.85 after the private sector lender sold 10-year infrastructure bonds to raised Rs 5,705 crore.

Dena Bank increased 0.4% to Rs 61.85 after the financial service provider plans to sell bad loans of Rs 500 crore to asset reconstruction companies in fourth quarter.

Hindustan Construction Company Limited jumped 4.3% to Rs 33.85 after the construction company sold its Annuity Road Project in Andhra Pradesh for Rs 64 crore.

Mastek Limited rose 0.5% to Rs 268.70 after the insurance company won the contract from UK-based Unum for undisclosed financial terms.

Mangalore Chemicals & Fertilizers Ltd., surged 5.5% to Rs 90.85 after the Zuari group agreed to acquire 25.9% stake or Rs 282.19 crore in the company.

Reliance Industries Limited slid 0.09% to Rs 957.70 after the conglomerate signed a deal with Mexico-based Petroleos Mexicanos for cooperate in upstream oil and gas production.

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