6:00 PM Mumbai, India – Stocks in Mumbai traded lower after markets across Asia declined. Investors shifted attention to U.S. rate decision after European Central Bank drove rates deeper in the negative territory. Jaiprakash Associates is looking to raise at least $700 million through a bond offering.
Stocks in Mumbai traded lower for the second day in a row as foreign investors continued to trim net exposure and the Asia-wide weakness overshadowed trading.
Stocks in Mumbai and in Asia declined and the U.S. dollar continued to ride higher across all major currencies. In addition, the European Central Bank offered stimulus steps that fell short of market expectations.
Rupee weakened 5 paisa to 66.70 against one U.S. dollar.
The Sensex Index slipped 248.51 or 0.9% to close at 25,638.11. The CNX Nifty decreased 82.25 or 1.1% to 7,781.90.
For the week, Sensex Index dropped 1.7% and CNX Nifty declined 1.9%.
Gainers & Losers
Havells India Limited
closed unchanged at ₹299.95 afnd the Mauritius-based Citigroup Global Markets fund sold its 61 lakh shares or 6.1 million shares for ₹178 crore through an open market transaction.
Jaiprakash Associates Limited
rose 0.4% to ₹12.94 after the infrastructure developer received a shareholder approval to raise up to ₹5,000 crore through a debenture offering.
Mindteck (India) Limited
edged up 0.4% to ₹178.40 after the software services provider won a highly sought after contract from the state government.
SeQuent Scientific Limited
increased 1% to ₹1,147.25 after the animal health care products maker’s subsidiary, Alivira Animal Health, acquired three companies in Europe.
jumped 3% to ₹28.85 after the company plans to set up cumulative 300 megawatts solar capacity in Rajasthan.
Sun Pharmaceutical Industries Limited
gained 4% to 756.10 after the generic drugs maker received an approval from the U.S. drug regulator for its anti-cancer generic drug Gleevec.
Ujaas energy limited
jumped 3.7% to ₹21.10 after the solar power system maker secured procurement and construction order worth ₹91.78 crore in Gujarat.