Sensex Falls in Choppy Trading, Zuari Takes Stake in Mangalore Chemicals

Mukesh Buch
19 May, 2015
New York City

Market indexes in India closed down in choppy trading. Colgate-Palmolive India said net climbed 24% on 11% increase in revenues. Bharti Airtel agreed to buy Augere Wireless for about ₹150 crore. Mahindra Holidays net plunged 57%.

[R]6:00 PM Mumbai – Market indexes in India closed down in choppy trading. Colgate-Palmolive India said net climbed 24% on 11% increase in revenues. Bharti Airtel agreed to buy Augere Wireless for about ₹150 crore. Mahindra Holidays net plunged 57%.[/R]

Stocks in Mumbai closed down in choppy trading and market indexes gave up morning gains in late afternoon.

Rupee eased 8 paisa to 63.63 against one U.S. dollar.

The Sensex Index fell 41.77 to close at 27,645.53. The CNX Nifty slid 8 to 8,365.65.

Gainers & Losers

Bharti Airtel Limited slid 0.1% to ₹397.70 after the wireless services provider plans to buy Netheland-based Augere Wireless Broadband India for about ₹150 crore.

Colgate-Palmolive (India) Limited edged down to ₹2,074.45 after the oral and personal care products maker said net in the fourth-quarter climbed 24% to ₹163.60 crore.

Net sales in the quarter jumped 11% to ₹1,022.20 crore.

Himachal Futuristic Communications Limited declined 5.4% to ₹13.20 after the telecom equipment maker said net in the fourth-quarter plunged 64.6% to ₹9.41 crore.

Net sales in the quarter rose 0.9% to ₹681.18 crore.

J B M Auto Limited tumbled 12.6% to ₹207.30 after the auto parts maker said net in the fourth-quarter dropped 15.2% to ₹17.58 crore.

Total revenues in the quarter fell 0.5% to ₹375.15 crore.

Kelllton Tech Solutions Ltd, the software services provider plans to acquire the U.S.-based IT Solutions with revenue of about $40 million.

Mahindra Holidays & Resorts India Limited slipped 2.4% to ₹246.90 after the holiday facilities provider said net in the fourth-quarter plunged 57.3% to ₹10.42 crore.

Net revenues in the quarter dropped 6.7% to ₹203.92 crore.

NRB Bearings Limited dropped 5.6% to ₹122.10 after the anti-friction bearing solutions provider said net in the fourth-quarter decreased 2.7% to ₹11.67 crore.

Net sales in the quarter fell 0.5% to ₹152.61 crore.

Zuari Agro Chemicals Ltd. slid 0.5% to ₹210 after the agricultural solution provider said that its subsidiary Zuari Fertilisers and Chemicals agreed to acquire 36.56% stake in Bangalore-based Mangalore Chemicals and Fertilizers Ltd.