6:00 PM Mumbai, India – Rupee strengthens for the sixth day in a row. Wipro agreed to acquire Viteos Group for about $130 million. L&T secured orders worth ₹1,178 crore in December. Tata Steel is in talks to sell its U.K.-based steel unit to a private equity firm.
Stocks in Mumbai traded higher and the Sensex index jumped 1% at close after the rupee advanced for the sixth session in a row and reached to a level not seen since November 20.
Rupee strengthened 9 paisa to ₹66.23 against one U.S. dollar.
The Sensex Index increased 259.65 or 1% to close at 25,850.30. The CNX Nifty gained 79.85 or 1% to 7,865.95.
Gainers & Losers
Kalpataru Power Transmission Limited
jumped 3.4% to ₹266.75 after the metal frameworks maker won new orders worth ₹1,395 crore.
Larsen & Toubro Limited
rose 1% to ₹1,292.95 after the construction services provider said its construction division, L&T Construction, secured orders worth ₹1,178 crore in December.
Piramal Enterprises Limited
increased 1% to ₹952.85 after the pharmaceutical products maker agreed to buy five consumer products brands for ₹92 crore from Organon India Pvt. Ltd. and MSD BV.
Prestige Estates Projects Limited
edged down 0.2% to ₹194.30 after the real estate developer agreed to acquire Red Fort India Real Estate Holdco’s 62.54% stake in Bengaluru’s Exora Business Park for about ₹1,400 crore.
Tata Steel Limited
advanced 2.5% to ₹263.70 after the steel producer is in talks to sell its struggling U.K.-based steel unit to the U.K.-based private investment firm Greybull Capital.
Welspun Enterprises Limited
soared 12.2% to ₹58.05 after the infrastructure developer sold its 37% stake in Dewas-Bhopal road project.
edged up 0.03% to ₹555.80 after the information technology services provider signed an agreement to acquire Viteos Group for about $130 million.