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Market Update

Sensex in India Soars 1.2%; VA Tech Wabag Wins Order in Malaysia

Author: Mukesh Buch
Last Update: 12:39 PM ET September 03 2015

6:00 PM Mumbai Volatile Sensex in Mumbai jumped up more than 1% following relative stability in world markets. Punj Lloyd plans to invest $300 million to expand its defense facilities. VA Tech received an order from Malaysia-based Petronet worth $250 million.

Market indexes in Mumbai advanced after global markets stabilized and investors focused on the current quarter economic growth outlook.

Rupee weakened 6 paisa to 66.24 against one U.S. dollar.

The Sensex Index advanced 311.22 or 1.2% to close at 25,764.78. The CNX Nifty increased 106 or 1.4% to 7,823.

Gainers & Losers

Caplin Point Laboratories Limited soared 15.2% to ₹1,605 after the pharmaceutical products maker received an approval from Brazil''s National Health Surveillance Agency for its sterlite injectable manufacturing unit at Chennai.

Cipla Limited rose 1.1% to ₹656.85 after the third-largest drug maker acquired the exclusive rights to market skin care products of the derma and cosmeceutical firm Percos India, for about ₹90 crore.

IL&FS Trust Company, the company agreed to acquire 2.65 crore shares or 9.97% stake in Max India.

Jet Airways (India) Limited advanced 1.8% to ₹325.30 after the second-largest airline company plans to merge with its wholly owned subsidiary Jet Lite (India) Ltd.

Punj Lloyd Limited increased 1.6% to ₹25.40 after the infrastructure services provider plans to invest ₹2,000 crore to expand its defense facilities.

Ratnamani Metals and Tubes Ltd jumped 4.5% to ₹615 after the company secured an order for supply of carbon steel pipes from L&T for ₹528 crore.

VA Tech Wabag Ltd gained 4.1% to ₹712 after the company in a consortium with Muhibbah Engineering won an order worth ₹1,500 crore from Malaysia-based Petronet.

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