Market Updates
Sensex in India in 2-day Drop, Maruti Suzuki Sales Soar 21%
Mukesh Buch
07 Jan, 2015
New York City
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Maruti Suzuki total production climbed 18.2% and total sales soared 20.8%. Praj Ind secured an order to build an ethanol plant in Uganda, Africa.
[R]6:00 PM Mumbai – Maruti Suzuki total production climbed 18.2% and total sales soared 20.8%. Praj Ind secured an order to build an ethanol plant in Uganda, Africa.[/R]
Market indexes in Mumbai edged up after world markets melted down in the previous session and rupee edged higher for the second day in a row.
Indian rupee eased to 63.17 against one dollar.
The Sensex Index fell 78.64 or 0.3% to close at 26,908.82. The CNX Nifty decreased 25.25 or 0.3% to 8,102.10.
Gainers & Losers
Infosys Ltd rose 0.4% to Rs 1,964.80 and brokers speculated on higher revenues estimate for the company in the U.S. dollar ahead of company earnings announcement.
Maruti Suzuki India Limited jumped 1.3% to Rs 3,438 and the auto maker said total production climbed 18.21% to 95,400 units from a same period last year.
The company’s total sales soared 20.8% to 109,791 units from a year ago period.
Praj Industries Limited soared 3.1% to Rs 60.55 and the renewable energy based power plant provider secured an order to build an ethanol plant in Uganda, Africa.
Power Grid Corporation of India Limited advanced 1.2% to Rs 137.75 and the power transmission company plans to establish substations in Delhi.
Quadrant Televentures Limited climbed 4.9% to Rs 3.79 after the telecommunication service provider received Unified license to provide internet services all over India from the Department of Telecommunications.
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