6:00 PM Mumbai – Ambuja Cements won coal mining rights in Chhattisgarh. Madhucon Projects received new road project order worth ₹397 crore in Tamil Nadu. Wipro acquired a minority stake in Drivestream Inc. for $5 million.
Stocks in Mumbai traded lower ahead of U.S. Fed rate decision and electric power producers, software services providers and infrastructure contractors led the decliners.
Rupee slid 1 paisa to 62.69 against one dollar.
The Sensex Index slipped 114.26 or 0.4% to close at 28,622.12. The CNX Nifty fell 37.40 or 0.4% to 8,685.90.
Gainers & Losers
Ambuja Cements Ltd
dropped 2.1% to ₹252.75 after the cement maker won the Gare-Palma-IV/8 coal block rights in Chhattisgarh at a price of ₹2,291 per metric ton.
Bhushan Steel Limited
fell 0.3% to ₹81.05 and the steel producer’s lenders are in talks to restructure long-term loans of about ₹23,000 crore or $3.7 billion.
Jindal Steel & Power Limited
increased 0.9% to ₹175.55 after the steel producer said government may reject the company''s bids for two coal blocks in Chhattisgarh.
Madhucon Projects Limited
jumped 4.9% to ₹58.05 after the construction company received new road project order worth ₹397 crore from National Highway Authority of India for the project work in Tamil Nadu.
decreased 1.9% to ₹630.50 after the third largest software developer acquired a minority stake in Drivestream Inc. for $5 million.