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Market Update

Sensex and Rupee Extend Losses in India


Author: Mukesh Buch
ticker.com
Last Update: 9:03 AM ET March 10 2015

6:00 PM Mumbai Market weakness extended for the second day on Dalal Street on the resurgent U.S. dollar. Monnet Ispat won the Utkal-C coal block rights for ₹770 per ton in Orissa. PC Jeweller partnered with U.S.-based online jeweller Blue Nile.

Stocks in Mumbai and Asia traded lower and rupee weakened after the U.S. dollar advanced on the hopes of earlier-than-expected increase in interest rates.

Indian rupee eased 7 paisa to 62.62 against one dollar.

The Sensex Index slipped 134.91 or 0.5% to close at 28,709.87. The CNX Nifty fell 44.70 or 0.5% to 8,712.05.

Gainers & Losers

DLF Limited dropped 4.1% to ₹144.60 and the real estate developer signed an agreement with online market place Snapdeal to sell its apartments and would offer 1% discount to potential buyers.

Monnet Ispat & Energy Limited soared 8.6% to ₹71.25 after the sponge iron maker won the Utkal-C coal block rights for ₹770 per ton in Orissa.

Natco Pharma Ltd jumped 5.8% to ₹1,642.80 after the pharmaceutical products maker launched the first generic version of sofosbuvir, a hepatitis C drug, in Nepal.

PC Jeweller Limited jumped 2.1% to ₹302.90 after the jewellery maker partnered with U.S.-based online jeweller Blue Nile.

Indian Oil Corporation Limited decreased 1.6% to ₹344.30 tracking volatile oil prices in international markets.

The petroleum products refiner said Sahaj e-Village Limited signed an agreement with the company and sell natural gas cylinders through its retail locations in the states of Assam, Bihar, Odisha, Tamil Nadu, Uttar Pradesh and West Bengal.

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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