Nov. 16 (Bloomberg) -- The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are from the last close, unless stated otherwise.

The Bombay Stock Exchange’s Sensitive Index, or Sensex, gained 152.80, or 0.9 percent, to 16,848.83. The S&P CNX Nifty Index on the National Stock Exchange rose 0.9 percent to 4,998.95. The BSE 200 Index added 0.7 percent to 2,091.21. SGX Nifty futures for November delivery retreated 0.2 percent to 4,958.5 at 10:39 a.m. in Singapore today.

Overseas funds bought a net 1.51 billion rupees ($33 million) of Indian stocks Nov. 12, the Securities and Exchange Board of India said on its Web site. The funds have bought 713.1 billion rupees of Indian stocks this year to date, compared with record net sales of 530 billion rupees for the whole of 2008.

Software Makers: Indian software companies’ profitability will be reduced by the European Union’s new rule on tax services that are delivered from outside the shores of the member nations of the bloc, the Economic Times reported, citing experts including Nick Beecham, a partner at law firm Field Fisher Waterhouse. The cost of such projects may rise by as much as 25 percent, the report said. Tata Consultancy Services Ltd. (TCS IN), India’s largest software-services provider, rose 2.3 percent to 670.15 rupees. Wipro Ltd. (WPRO IN), India’s third- largest software-provider, gained 1.4 percent to 632.90 rupees.

Bharat Heavy Electricals Ltd. (BHEL IN): The nation’s biggest power-equipment maker’s plan to build a power plant on the land acquired for Tata Motors Ltd.’s Nano project in Singur, West Bengal may face protests from locals, the Business Standard reported. Bharat Heavy advanced 0.2 percent to 2,270.65 rupees.

Bharat Petroleum Corp. Ltd. (BPCL IN): The refiner and Oman Oil Company signed an agreement to increase the latter’s stake in Bharat Oman Refineries Ltd. to 26 percent, the companies said in a statement yesterday. The total estimated cost of building Bharat Oman’s refinery at Bina in Madhya Pradesh is now expected to be $2.4 billion, according to the statement. Bharat Petroleum added 1.6 percent to 522.35 rupees.

Bank of India (BOI IN): The state-owned lender’s price estimate was reduced by 10.4 percent to 430 rupees at BNP Paribas, which kept its “buy” recommendation on the stock. The shares rose 1 percent to 367.05 rupees.

Development Credit Bank Ltd. (DEVB IN): The lender raised 810 million rupees ($17.5 million) selling shares to institutional investors, according to a sale document posted on the Bombay Stock Exchange’s Web site. The lender sold the shares at 34.14 rupees each, according to the document. The stock fell 1.8 percent to 37.85 rupees.

Housing Development Finance Corp. (HDFC IN): India’s biggest mortgage lender agreed to buy a 41 percent stake in Credila Financial Services Pvt. from DSP Merrill Lynch Capital Ltd., it said in a statement on Nov. 13. Housing Development rose 0.7 percent to 2,757 rupees.

IndusInd Bank Ltd. (IIB IN): The lender’s share price estimate was raised by 11 percent to 150 rupees at BNP Paribas, which retained its “buy” recommendation. The stock fell 3.2 percent to 128.65 rupees.

Infosys Technologies Ltd. (INFO IN): India’s second-largest software exporter has set up a new unit in the U.S. to service government contracts and clients from the healthcare sector, the Economic Times reported Nov. 14, without saying where it got the information. Infosys advanced 1.4 percent to 2,359.7 rupees.

KSK Energy Ventures Ltd. (KSK IN): The Indian developer of power projects raised 5.16 billion rupees selling shares to institutional investors, according to a Nov. 13 filing to the Bombay stock Exchange. The stock added 0.6 percent to 205 rupees.

Larsen & Toubro Ltd. (LT IN) and Satyam Computer Services Ltd. (SCS IN): Mumbai-based Larsen on Nov. 13 sold 27.2 million shares, or 2.3 percent, of Satyam to raise 3 billion rupees, data from the Bombay Stock Exchange showed. Larsen added 0.2 percent to 1,644.4 rupees. Satyam lost 6.2 percent to 110 rupees.

Oil & Natural Gas Corp. (ONGC IN): The country’s largest state-owned oil explorer said the government is considering a proposal to increase the administered price of natural gas to 4,142 rupees per million standard cubic meters, without saying where it got the information. ONGC climbed 3.1 percent to 1,184.1 rupees.

Patni Computer Systems Ltd. (PATNI IN): The software service provider was cut to “underweight” from “equal-weight” at Morgan Stanley, which said the share price offers investors a “good exit opportunity.” The stock gained 3.5 percent to 505.45 rupees.

PVR Ltd. (PVRL IN): The movie theater-chain operator said Nov. 13 it plans to raise as much as 421.9 million rupees by selling 2.56 million shares at 165 rupees each to Thailand’s Major Cineplex group Plc. PVR also plans to acquire DT Cinema, a unit of DLF Ltd. (DLFU IN), according to a statement to the Bombay Stock Exchange. PVR gained 0.9 percent to 140.25 rupees. DLF declined 0.4 percent to 368.15 rupees.

Steel Authority of India Ltd. (SAIL IN): The nation plans to begin selling its stake in the state-owned steelmaker this fiscal year, Steel Minister Virbhadra Singh said in Kolkata on Nov. 14. The proposed equity sale may be followed by a public offer of shares by the company, Steel Secretary Atul Chaturvedi said at the event. The two offerings may raise as much as 160 billion rupees, he said. Steel Authority climbed 3.4 percent to 182.3 rupees.

Sterlite Industries (India) Ltd. (STLT IN): India’s largest copper producer lost an offer for Grupo Mexico SAB’ bankrupt U.S. copper miner Asarco LLC after a judge in Texas rejected its bid.

Tata Motors Ltd. (TTMT IN): The company’s Jaguar Land Rover unit will get a $250 million loan from General Electric Capital Corp., the Economic Times reported, citing Sean Neville, European business development director of GE Capital. Tata Motors gained 0.1 percent to 619.95 rupees.

UltraTech Cement Ltd. (UTCEM IN): The cement maker said it will absorb sister company Samruddhi Cement Ltd. to create the country’s biggest and the world’s 10th largest maker of the building material. Samruddhi’s shareholders will get four UltraTech shares for every seven held in Samruddhi, according to an e-mailed statement. UltraTech will issue 149.5 million new shares to complete the program, boosting its capital to 2.74 billion rupees. The Mumbai-based company’s output will increase to 48.8 million tons per year on merging with Samruddhi. UltraTech rose 0.2 percent to 729.95 rupees.

To contact the reporters on this story: Anil Varma in Mumbai at avarma3@bloomberg.net; Saikat Chatterjee in New Delhi at schatterjee4@bloomberg.net

Last Updated: November 15, 2009 22:27 EST