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Market Update

Sensex in India Reclaims 28,000 Mark, Maruti June Sales Jumps 1.8%


Author: Mukesh Buch
ticker.com
Last Update: 3:22 AM ET July 01 2015

6:00 PM Mumbai Maruti Suzuki said June unit sales rose 1.8%. The Supreme Court of India said that the Petroleum and Natural Gas Regulatory Board has no power to set retail gas price of gas companies. Rajesh Exports is in talks to acquire a Switzerland-based gold refinery.

Market indexes in Mumbai rebounded and overlooked the brewing Greek crisis in the euro zone.

Rupee strengthened 4 paisa to 63.60 against one U.S. dollar.

The Sensex Index gained 240.04 or 0.9% to close at 28,020.87. The CNX Nifty increased 84.55 or 1% to 8,453.05.

Gainers & Losers

Cadila Healthcare Limited increased 1.6% to ₹1,825.45 after the healthcare products maker said that the Zydus group received the market authorisation from the United States Food & Drug Administration for a medicine of Morphine Sulfate ER tablet for the treatment of chronic pain or cancer related pain.

Chambal Fertilisers and Chemicals Limited increased 1.3% to ₹58.35 after the fertilizer producer signed an agreement for sale of its textile business, Birla Textile Mills, to Sutlej Textiles and Industries.

Indraprastha Gas Limited soared 8.9% to ₹455.30 after The Supreme Court of India said that the Petroleum and Natural Gas Regulatory Board no power to set retail gas price.

Maruti Suzuki India Limited rose 0.3% to ₹4,033.90 after the largest auto maker reported total sales in June rose 1.8% to 114,756 units compared to 112,773 units in the same period a year ago.

The company added total domestic sales increased 1.6% to 102,606 units and total export sales advanced 2.7% to 12,130 units compared to 11,809 units from a year ago period.

McNally Bharat Engineering Company Ltd. surged 19.9% to ₹94.90 after the infrastructure developer said EMC Ltd plans to buy between 12.5% to 29.64% stake in the company.

Mphasis Limited edged up 0.1% to ₹410.70 after the software services provider signed an agreement to transfer a significant portion of its domestic business processing unit to Hinduja Global Solutions.

Ola, the online taxi hailing services provider said former chairman of Tata conglomerate acquired a stake in the company.

Rajesh Exports Limited climbed 8.5% to ₹353.90 after the gold and diamond jewellery maker is in talks to acquire a large stake in Swiss gold refinery for about $400 million.

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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