Indian Equities: Hero Honda, Ispat Industries, SKS Microfinance
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India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 24.03, or 0.1 percent, to 19,888.88 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
Bharti Airtel (BHARTI IN), the nation’s largest mobile-phone operator, fell 2.7 percent to 335 rupees. India plans to ask mobile-phone companies to pay for additional spectrum they received from 2001, the Times of India reported Dec. 18, citing people it didn’t identify. Companies that got spectrum beyond the upper limit include Bharti Airtel Ltd., Mahanagar Telephone Nigam Ltd. and Reliance Communications, the newspaper said, citing the Comptroller and Auditor General.