Nov. 3 (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.

The Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 1 percent to 15,896.28. The S&P CNX Nifty Index on the National Stock Exchange declined 0.8 percent to 4,711.70. The BSE 200 Index fell 0.7 percent to 1,962.88. SGX Nifty futures for November delivery rose 0.5 percent to 4,666 at 11:31 a.m. in Singapore today. Indian markets were closed for a holiday yesterday.

Overseas funds sold a net 15.9 billion rupees ($335.6 million) of Indian stocks on Oct. 29, the Securities and Exchange Board of India said on its Web site. The funds have bought 676.9 billion rupees of Indian stocks this year to date, compared with record net sales of 530 billion rupees for the whole of 2008.

Bajaj Auto Ltd. (BJAUT IN): India’s second-largest motorcycle maker sold 46 percent more vehicles last month than a year earlier, the company said in an e-mailed statement yesterday. The stock dropped 0.7 percent to 1,388.15 rupees.

Bharti Airtel Ltd. (BHARTI IN): India’s largest mobile- phone operator entered a price war with NTT DoCoMo Inc. and Reliance Communications Ltd., offering customers call rates as low as 0.01 rupee a second, the New Delhi-based company said on Oct. 30 in an e-mailed statement. The stock sank 6.1 percent to 292.85 rupees.

Cairn India Ltd. (CAIR IN): A unit of U.K. explorer Cairn Energy Plc was cut to “underperform” from “neutral” at Credit Suisse Group AG, which cited the stock’s “rich” valuations and the possibility of near-term pricing and volume risks. The share declined 0.9 percent to 263.45 rupees.

HCL Infosystems Ltd. (HCLI IN): The share price estimate of the computer maker controlled by Indian billionaire Shiv Nadar was cut to 160 rupees from 180 rupees at JP Morgan. The stock fell 2.3 percent to 154.55 rupees.

Hindalco Industries Ltd. (HNDL IN): India’s biggest aluminum producer reported a 52 percent decline in second- quarter profit on lower metal prices, based on the company’s Oct. 31 statement. The shares rose 1.3 percent to 121.85 rupees.

Hindustan Unilever Ltd. (HUVR IN): The nation’s biggest household products maker’s second-quarter profit fell by the most in two years as it boosted advertising and on a one-time charge related to former employees. The shares rose 0.1 percent to 283.5 rupees.

ICICI Bank Ltd. (ICICIBC IN): The price estimate of the second-biggest lender was raised to 770 rupees from 661 rupees at Credit Suisse Group AG. The brokerage kept the rating unchanged at “neutral”. The shares rose 2.5 percent to 790.8 rupees.

Indiabulls Real Estate Ltd. (IBREL IN): The price estimate of the developer was raised to 244 rupees from 185 rupees at Citigroup Inc. The stock jumped 4.4 percent to 250.1 rupees.

Ispat Industries Ltd. (NDEN IN): The steel producer plans to repay an 8 billion rupee ($170 million) loan, Business Standard reported. The stock declined 4.1 percent to 18.85 rupees.

Jaiprakash Associates Ltd. (JPA IN): India’s biggest builder of dams unit will raise 30 billion rupees in an initial public offering, the Economic Times reported. The shares dropped 0.5 percent to 210.2 rupees.

Karuturi Global Ltd. (KARG IN): The food processor and Internet service provider may raise funds, Business Standard reported. The stock dropped 1.9 percent to 13.3 rupees.

Mahindra & Mahindra Ltd. (MM IN): The price estimate of India’s largest maker of sport-utility vehicles and tractors was raised to 1,087 rupees from 844 rupees at Citigroup. The brokerage kept the rating unchanged at “buy”. The shares declined 0.7 percent to 921.95 rupees.

Maruti Suzuki (India) Ltd. (MSIL IN): The maker of half the cars sold in India said yesterday October sales jumped 32 percent to 85,415 units. The stock rose 1.8 percent to 1,403.3 rupees.

Nagarjuna Construction Co. (NJCC IN): The construction company was raised to “buy” from “hold” at BNP Paribas, which cited “strong margins,” orders and lower interest costs. The shares gained 1.4 percent to 149.05 rupees.

Nestle India Ltd. (NEST IN): The price estimate of the unit of the world’s No. 1 food company was raised to 2,306 rupees from 1,395 rupees at Citigroup. The brokerage kept the rating unchanged at “sell”. The stock advanced 1.6 percent to 2,573.45 rupees.

NMDC Ltd. (NMDC IN): India’s government may sell a large portion of its equity in the nation’s largest iron-ore producer, Economic Times reported. The shares fell 0.1 percent to 300.5 rupees.

Oil India Ltd. (OINL IN): The nation’s second-biggest state-owned energy explorer was rated “hold” in new coverage at Citigroup, which cited the company’s “stable” operations and its “good” operating track record. The stock declined 1 percent to 1,120.6 rupees.

Reliance Industries Ltd. (RIL IN): India’s most valuable company’s expenses for some offshore fields will be audited by the Comptroller of the Auditor General from this month, the Economic Times reported.

Separately, the price estimate was cut to 2,380 rupees from 2,464 rupees at Credit Suisse. The brokerage kept the rating unchanged at “outperform”. The shares retreated 3.4 percent to 1,931.15 rupees.

Reliance Communications Ltd. (RCOM IN): India’s second- largest mobile-phone operator reported quarterly profit fell 52 percent after adding customers on cheaper tariff plans.

Separately, Credit Suisse cut the price estimate to 150 rupees from 180 rupees. Reliance slumped 7.3 percent to 175.85 rupees.

State Bank of India (SBIN IN): The nation’s largest lender’s second-quarter profit increased 10 percent, more than analysts’ estimated, as income from trading climbed. The stock declined 0.2 percent to 2,191.05 rupees.

Sun Pharmaceutical Industries Ltd. (SUNP IN): The drugmaker was cut to “reduce” from “neutral” at Nomura Holdings Inc., which said its second-quarter results were “disappointing” and that the stock is trading at a “significant premium” to its peers. The stock slid 1.8 percent to 1,378.65 rupees.

Suzlon Energy Ltd. (SUEL IN): India’s biggest maker of wind turbines reported a net loss for the second straight quarter as orders were shelved amid the credit crisis. The shares dropped 6.4 percent to 66.85 rupees.

Tata Steel Ltd. (TATA IN): The price estimate of biggest producer of the alloy was raised to 475 rupees from 425 rupees at JP Morgan. The brokerage kept the rating unchanged at “neutral”. The stock climbed 0.8 percent to 471.55 rupees.

Unitech Ltd. (UT IN): India’s second-biggest developer said on Oct. 31 net income fell 51 percent to 1.78 billion rupees for the three months ended Sept. 30. The stock gained 1.5 percent to 82.25 rupees.

To contact the reporters on this story: Thomas Kutty Abraham in Mumbai at tabraham4@bloomberg.net. Rajhkumar K Shaaw in Mumbai at rshaaw@bloomberg.net.

Last Updated: November 2, 2009 23:06 EST