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Market Update

Sensex in India Jumps; Zee Net Climbs, DLF to Raise $500 M

Author: Mukesh Buch
Last Update: 9:36 AM ET July 15 2015

6:00 PM Mumbai – Zee Entertainment said quarterly profit climbed 16%. Cera Sanitaryware net jumped 15%. Sintex quarterly profit advanced 12%. National Aluminium Company plans to construct a $3 billion smelter complex in Iran.

Sensex in Mumbai extended gains in the week after wholesale inflation index declined for the eight month in a row and investors shifted focus to domestic earnings.

Rupee weakened 2 paisa to 63.41 against one U.S. dollar.

The Sensex Index jumped 265.39 or 0.9% to close at 28,198.29. The CNX Nifty gained 69.70 or 0.8% to 8,523.80.

Gainers & Losers

Cera Sanitaryware Limited surged 13.9% to ₹2146.20 after personal care products maker said net in the first-quarter jumped 14.9% to ₹15.66 crore.

Total revenues in the quarter climbed 19.7% to ₹194.26 crore.

DLF Limited increased 1.9% to ₹116.70 after the real estate developer plans to raise ₹2,500 to ₹3,000 crore by next month through private equity.

The developer is also in talks with Singapore government’s investment arm GIC to sell a stake in a new housing project.

L&T Finance Holdings Limited edged down 0.4% to ₹71.75 after the financial services provider agreed to acquire a 26% stake in Mumbai-based Grameen Capital India.

National Aluminium Company Limited advanced 2.2% to ₹39.20 on a report that the company plans to construct a $3 billion smelter complex in Iran.

Sintex Industries Limited climbed 4.9% to ₹105.40 after net in the first-quarter advanced 12% to ₹69.01 crore.

Net sales in the quarter increased 9.4% to ₹1,467.55 crore.

Sun TV Network Limited declined 4% to ₹267.40 on a report that a ministerial panel rejected the Sun TV Group''s application to participate in the next-stage FM radio auctions.

Zee Entertainment Enterprises Limited edged up 0.3% to ₹375.75 after the most profitable media network said net in the first-quarter climbed 15.8% to ₹243.76 crore.

Net revenues in the quarter soared 28.7% to ₹1,407.84 crore.

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