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Market Update

Weekly Advance of 1% in Sensex in India, Canara Bank Plans Bond Offering

Author: Sarla Buch
Last Update: 12:42 PM ET November 20 2015

6:00 PM Mumbai, India Canara Bank plans to raise ₹2,400 crore via bond offering. Indian Financial Technologies sold its remaining 5% stake in Indian Energy Exchange. RPP Infra won a contract from NHAI. Simplex Castings received an order from Diesel Locomotive Works.

Stocks in Mumbai traded higher at the opening but lost momentum in the afternoon and trimmed gains of the day.

Rupee edged up 1 paisa to 66.17 against one U.S. dollar.

The Sensex Index rose 26.57 to close at 25,868.49. The CNX Nifty added 13.18 to 7,856.55.

For the week, Sensex Index increased 1% and CNX Nifty gained 1.2%.

Gainers & Losers

The Canara Bank Ltd edged down 0.4% to ₹268.95 and the central government controlled bank plans to raise up to ₹2,400 crore through a bond offering.

Financial Technologies (India) Limited rose 1.9% to ₹102.05 after the company agreed to sell its remaining 5% stake in Indian Energy Exchange.

MEP Infrastructure Developers Ltd increased 1.9% to ₹51.50 after the real estate developer secured toll collection rights at Toll Plaza near Dastan village.

The company also received a construction contract of new six-lane bridge on Panvel creek in Maharashtra.

PTC India Financial Services Limited gained 2.3% to ₹42.10 after the financial services provider signed a memorandum of understanding with India Infrastructure Finance Company to provide financing for infrastructure projects in India.

RPP Infra Projects Ltd advanced 2.1% to ₹10 after the infrastructure developer received an order for about ₹25.60 crore from National Highway Authority.

Simplex Castings Limited soared 19.9% to ₹61.95 after the iron casting and equipment maker secured an order worth ₹54 crore from Diesel Locomotive Works.

Span Diagnostics Limited gained 2.9% to ₹60.40 after the reagents allied products maker sold its 45% stake in Japan-based joint venture company Span Nihon Kohden Diagnostics to Nihon Khoden Corporation for ₹8.02 crore.

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