India Movers: Axis Bank, GVK Power, Pfizer, Union Bank

Mukesh Buch
25 Nov, 2013
New York City

Axis Bank will be include in the Sensex index from December 23. EIL won $139 Million contract in Nigeria. GVK Power-Aurizon signed rail and port terminal agreement in Australia. Pfizer and Wyeth board approved proposed merger. Siemens net plunged 44%.

[R]6:00 PM Mumbai – Axis Bank will be include in the Sensex index from December 23. EIL won $139 Million contract in Nigeria. GVK Power-Aurizon signed rail and port terminal agreement in Australia. Pfizer and Wyeth board approved proposed merger. Siemens net plunged 44%.][/R]

The Sensex Index climbed 387.69 or 1.9% to close at 20,605.08. The CNX Nifty jumped 119.90 or 2% to close at 6,115.35.

Gainers & Losers

Axis Bank Limited jumped 2.9% to Rs 1,116.30 after the exchange operator BSE Ltd said the stock will replace Jindal Steel & Power Ltd in the Sensex index from December 23.

Engineers India Limited rose 0.8% to Rs 162.35 after the company won contract for 400,000 barrels a day refinery-cum-petrochemical complex and 600,000 TPA Polypropylene Plant in Nigeria valued $ 139 Million.

GVK Power and Infrastructure Ltd climbed 2.4% to Rs 7.52 after the company’s subsidiary GVK Coal Infrastructure (Singapore) Pte. Ltd. signed an agreement with the Australia-based Aurizon for joint development of rail line and new coal terminal at Abbot Point Port to unlock the Galilee Basin''s coal resources.

The proposed development, of the rail and port infrastructure in Queensland is expected to cost $6 billion.

Pfizer Limited surged 12.1% to Rs 1,605.30 after the boards of Pfizer and Wyeth approved the proposed merger with a 7-to-10 equity swap ratio.

In Sensex, shares of Wyeth Limited soared 13.6% and closed at Rs 924.80.

Siemens Limited climbed 6.9% to Rs 601.05 after net profit in the second-quarter plunged 43.5% to Rs 193.95 crore and net sales dropped 12.3% to Rs 11,145.24 crore.

Tata Power Company Limited increased 1.6% to Rs 78.25 and the company signed memorandum of understanding with government of Vietnam to develop Long Phu 2 power project.

Union Bank of India gained 1.9% to Rs 121.60 after the bank raised additional capital of Rs 2,000 crore through Basel-III compliant bonds.

Valecha Engineering Limited jumped 5.5% to Rs 36.25 after the company secured contract for Rs 176.29 from NHPC for civil work of a tunnel in Himachal Pradesh.