Stocks in India Close Higher; Infosys Up, Automakers Down

Devan Biswas
07 Jun, 2011
New York City

Stocks in Mumbai traded sideways but on a rising volume. Software services exporters closed higher on new order wins and automakers closed lower ahead of expected natural gas price increase as early as tomorrow. The rupee held firm.

[R]5:30 PM Mumbai – Stocks in Mumbai traded sideways but on a rising volume. Software services exporters closed higher on new order wins and automakers closed lower ahead of expected natural gas price increase as early as tomorrow. The rupee held firm.[/R]

The Sensex index increased 75.51 to 18,495.62 and the Nifty index added 24.10 to 5,556.15.

The turnover on the BSE increased to Rs 2,493 crore and of the 30 stocks in the Sensex index, 18 increased and 12 declined.

The rupee held firm but traded between 45.25 and 45.39 against one dollar to close at 45.33.

Gold price for ten grams decreased 0.14% to Rs 23,585 and the price of one kilo of silver increased 0.24% to Rs 58,220.

Stock Movers

Maruti Suzuki declined 0.5% to Rs 1,226 after the company estimated loss of Rs 90 crore of production. The workers struck at its Manesar, Haryana plant on June 9 and demanded the recognition of new union.

DQ Entertainment soared 7.7% to Rs 51 after it signed an agreement to develop a 3D high definition television series 5 & IT for Germany based ZDF Enterprises.

Nucleus Software added 3.7% to Rs 86.50 after the company finalized its partnership with Turkey based Gatek to expand in the country.

Atlanta increased 2.6% to Rs 74.85 after its joint venture with ARSS infrastructure projects won an order of Rs 117.70 crore in Madhya Pradesh.

Nirlon increased 4% to Rs 54.35 after the company’s board approved the sale of securities to raise Rs 75 crore.

IL&FS increased 4% to Rs 213.20 after the company won a road project from the state of Jharkhand.

Infosys increased 1.9% and extended gains for the third day in a row after the company won a banking customer for its software products.

TCS increased 1.1% and Wipro fell 0.97%.

Automakers closed mixed and Tata Motors added 0.2% and Ashok Leyland declined 0.7% ahead of the government panel meeting to lift prices of natural gas tomorrow.