Rupee Rebounds in India, Sensex Gains 1.5% in First-Half

Mukesh Buch
30 Jun, 2015
New York City

Market indexes and the rupee rebounds in India. Bharti Airtel subscribers cross 300 million, the third largest mobile operator in the world. M&M plans to invest for about ₹6,500 crore at the Chakan plant. Brigade Enterprise acquired land in Chennai from Kansai Nerolac Paints for $85 million.

[R]6:00 PM Mumbai – Market indexes and the rupee rebounds in India. Bharti Airtel subscribers cross 300 million, the third largest mobile operator in the world. M&M plans to invest for about ₹6,500 crore at the Chakan plant. Brigade Enterprise acquired land in Chennai from Kansai Nerolac Paints for $85 million.

Indexes in Mumbai recovered on the optimism that the latest overture from Greece to sit down for another round of talks may lead to a compromise.

However, tensions remained high in the euro zone as the currency union struggles to stem the contagion effect from spreading to Portugal, Ireland and Spain.

Rupee strengthened 20 paisa to 63.64 against one U.S. dollar.

The Sensex Index advanced 135.68 or 0.5% to close at 27,780.83. The CNX Nifty rose 50.10 or 0.6% to 8,368.50.

For the month, the Sensex Index edged down 0.1% and for the quarter fell 0.7% and for the six-month increased 1.4%.

For the month, the CNX Nifty decreased 0.8% and for the quarter slipped 1.4% and for the six-month gained 1.5%.

Gainers & Losers

Bharti Airtel Limited increased 1.6% to ₹419.90 after the largest wireless services provider crossed 303 million subscribers, the third largest carrier in the world.

Brigade Enterprises Limited surged 10.9% to ₹149.80 after the property developer’s subsidiary acquired 16 acre property at Perungudi, Chennai from Kansai Nerolac Paints for ₹550 crore.

Deep Industries Ltd surged 13.3% to 87.60 after the air and natural gas compressor services provider won a contract from ONGC worth ₹278.19 crore.

Kalpataru Power Transmission Ltd advanced 1.9% to ₹259.15 after the company secured new orders worth ₹1,035 crore.

Mahindra & Mahindra Ltd edged up 0.2% to ₹1,286.45 after the largest tractor maker plans to set up a new factory to assemble its sports utility line of models.

The company plans to invest about ₹6,500 crore at the Chakan plant in Pune over the next 7 years to double its capacity.

Nestle India Limited climbed 4.6% to ₹6,345.65 on the media report said the Bombay High Court allowed the company to export Maggi noodles.

Suven Life Sciences Limited jumped 3.1% to ₹233.35 after the pharmaceutical products maker secured three product patents in Israel, Japan and South Africa for the treatment of disorders associated with neurodegenerative diseases.