Weekly Advance of 1% in Sensex in India, Canara Bank Plans Bond Offering

Sarla Buch
20 Nov, 2015
New York City

Canara Bank plans to raise ₹2,400 crore via bond offering. Indian Financial Technologies sold its remaining 5% stake in Indian Energy Exchange. RPP Infra won a contract from NHAI. Simplex Castings received an order from Diesel Locomotive Works.

[R]6:00 PM Mumbai, India – Canara Bank plans to raise ₹2,400 crore via bond offering. Indian Financial Technologies sold its remaining 5% stake in Indian Energy Exchange. RPP Infra won a contract from NHAI. Simplex Castings received an order from Diesel Locomotive Works.[/R]

Stocks in Mumbai traded higher at the opening but lost momentum in the afternoon and trimmed gains of the day.

Rupee edged up 1 paisa to 66.17 against one U.S. dollar.

The Sensex Index rose 26.57 to close at 25,868.49. The CNX Nifty added 13.18 to 7,856.55.

For the week, Sensex Index increased 1% and CNX Nifty gained 1.2%.

Gainers & Losers

The Canara Bank Ltd edged down 0.4% to ₹268.95 and the central government controlled bank plans to raise up to ₹2,400 crore through a bond offering.

Financial Technologies (India) Limited rose 1.9% to ₹102.05 after the company agreed to sell its remaining 5% stake in Indian Energy Exchange.

MEP Infrastructure Developers Ltd increased 1.9% to ₹51.50 after the real estate developer secured toll collection rights at Toll Plaza near Dastan village.

The company also received a construction contract of new six-lane bridge on Panvel creek in Maharashtra.

PTC India Financial Services Limited gained 2.3% to ₹42.10 after the financial services provider signed a memorandum of understanding with India Infrastructure Finance Company to provide financing for infrastructure projects in India.

RPP Infra Projects Ltd advanced 2.1% to ₹10 after the infrastructure developer received an order for about ₹25.60 crore from National Highway Authority.

Simplex Castings Limited soared 19.9% to ₹61.95 after the iron casting and equipment maker secured an order worth ₹54 crore from Diesel Locomotive Works.

Span Diagnostics Limited gained 2.9% to ₹60.40 after the reagents allied products maker sold its 45% stake in Japan-based joint venture company Span Nihon Kohden Diagnostics to Nihon Khoden Corporation for ₹8.02 crore.