July 6 (Bloomberg) -- The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of July 3.

The Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 1.7 percent to 14,913.05. The S&P CNX Nifty Index on the National Stock Exchange added 1.7 percent to 4,424.25. The BSE 200 Index increased 1.6 percent to 1,819.02. SGX Nifty futures for July delivery advanced 0.4 percent to 4,439 at 10:23 a.m. in Singapore today.

Overseas investors bought a net 4.02 billion rupees ($84 million) of Indian stocks on July 2, paring their total investment in equities this year to $5.2 billion, the Securities & Exchange Board of India said on its Web site.

Budget: India’s Finance Minister Pranab Mukherjee may increase spending on power, roads and aid to the poor in today’s budget to bolster growth in Asia’s third-largest economy. Prime Minister Manmohan Singh will probably back a wider budget deficit for a second year to reward voters who in May handed him the biggest election win in two decades. Larsen & Toubro Ltd. (LT IN), India’s largest engineering company, climbed 2.6 percent to 1,607.55 rupees. Bharat Heavy Electricals Ltd. (BHEL IN), whose turbines and generators light up three of every four homes in India, rose 1.5 percent to 2,186.30 rupees. Jaiprakash Associates Ltd. (JPA IN), the biggest maker of dams, climbed 3 percent to 214.55 rupees.

Heavy Industries Minister Vilasrao Deshmukh has asked Mukherjee to more than halve the excise duty on big passenger cars to 8 percent, the Press Trust of India reported yesterday. Deshmukh also asked Mukherjee to impose a 10 percent duty on power-plant equipment imports to prevent dumping by Chinese producers, he told the news agency in an interview. Mahindra & Mahindra Ltd. (MM IN), India’s largest maker of sport-utility vehicles and tractors, rose 3.5 percent to 738.7 rupees. Tata Motors Ltd. (TTMT IN), India’s biggest truckmaker and owner of Jaguar and Land Rover, added 2.2 percent to 300.8 rupees. NTPC Ltd. (NATP IN), India’s biggest utility, gained 2.1 percent to 204.4 rupees.

Ashok Leyland Ltd. (AL IN), India’s second-largest maker of trucks and buses said it sold 3,971 vehicles in June compared with 7,144 a year earlier. The shares rose 5.5 percent to 31.9 rupees.

Jaiprakash Hydro Power Ltd. (JHPL IN): The company’s board has approved a plan to merge with its power generation unit Jaiprakash Power Ventures Ltd., which develops electricity generation plants, after regulatory approval, the parent said in a statement to the Bombay Stock Exchange July 4. Jaiprakash Hydro’s board also authorized the company to raise 15 billion rupees ($313 million) by selling shares to local or overseas investors for projects to be completed by the merged entity. Shares of Jaiprakash Hydro rose 2.6 percent to 92.45 rupees.

Shriram Transport Finance Co. (SHTF IN): The company said in an e-mailed statement it plans to raise as much as 10 billion rupees ($208.7 million) by selling bonds to fund investments and repay loans. Shares rose 5.4 percent to 306.8 rupees.

State Bank of Travancore (SBTR IN): The state-run lender told the Bombay Stock Exchange July 3 it reduced its prime lending rate by half percentage pint to 12.25 percent. The stock rose 2.5 percent to 444.55 rupees.

Tata Motors Ltd. (TTMT IN): The carmaker hasn’t ruled out shutdowns at its factories, the Sunday Times reported, citing comments from Ravi Kant, the company’s vice chairman. Tata Motors is still in talks with the U.K. government about securing loan guarantees to help it through the current slump in car sales, the newspaper said.

Wockhardt Ltd. (WPL IN): The drugmaker plans to sell its Farex and Protinex brands to reduce its debt of 15 billion rupees ($313 million), the Economic Times reported July 4, citing investment banking sources it didn’t identify. Wockhardt has approached Abbott Laboratories and Danone about a possible deal, the report said. The shares fell 0.8 percent to 134.15 rupees.

To contact the reporters on this story: Anoop Agrawal in Mumbai at aagrawal8@bloomberg.net; Rajhkumar K Shaaw in Mumbai at rshaaw@bloomberg.net

Last Updated: July 5, 2009 23:53 EDT