The Bombay Stock Exchange Sensitive Index, or Sensex, rose 171.44, or 0.9 percent, to 20,060.32. The S&P CNX Nifty Index on the National Stock Exchange increased 0.9 percent to 6,000.65. The BSE 200 Index gained 0.9 percent to 2,481.50. SGX CNX Nifty Index futures for December delivery rose 0.2 percent to 6,025 at 10:33 a.m. in Singapore.
Bharti Airtel Ltd. (BHARTI IN): India’s biggest mobile- network operator raised its stake in its Zambian unit to 97 percent, the Lusaka Stock Exchange said. The stock fell 0.6 percent to 332.85 rupees.
Coal India Ltd. (COAL IN): The world’s largest producer of the fuel is close to buying a stake between 10 percent to 15 percent in an Australian mine owned by Peabody Energy Corp., the Economic Times reported, citing a Coal India official it didn’t identify. The shares slid 0.9 percent to 313.3 rupees.
Hindustan Media Ventures Ltd. (HMVL IN): The newspaper publisher was rated “buy” in new coverage by Ankur Periwal, an analyst at Religare Capital Markets, with a 12-month price estimate of 215 rupees per share. The stock climbed 0.5 percent to 170.85 rupees.
Hindustan Petroleum Corp. (HPCL IN): The third-largest state oil refiner will partner Oil & Natural Gas Corp. (ONGC IN) and Oil India Ltd. (OINL IN) in shale-gas ventures, the Financial Express reported, citing Hindustan Petroleum Chairman S. Roy Choudhury. Hindustan Petroleum shares declined 0.9 percent to 413.5 rupees, while Oil India’s rose 1.5 percent to 1,384.15 rupees.
Jagran Prakashan Ltd. (JAGP IN): The newspaper publisher was rated “buy” in new coverage by Religare Capital’s Periwal, with a 12-month price estimate of 160 rupees per share. The stock slid 0.6 percent to 131 rupees.
Oil & Natural Gas Corp. (ONGC IN): India’s largest state- owned oil explorer may team up with AFK Sistema, Russian billionaire Vladimir Yevtushenkov’s holding company, to expand oil production, the Moscow-based company said yesterday. The shares fell 0.3 percent to 1,301 rupees.
Ranbaxy Laboratories Ltd. (RBXY IN): The drugmaker’s Romanian unit, Terapia SA, plans to invest $50 million in a new plant, Ziarul Financiar reported. Ranbaxy gained 3.6 percent to 559.1 rupees.
Reliance Industries Ltd. (RIL IN): Reliance Industries and Russia’s Sibur will invest an estimated $450 million in a venture to make butyl rubber in India, the two companies said in a statement yesterday. The shares advanced 1.6 percent to 1,073.15 rupees.
Steel Authority of India Ltd. (SAIL IN): The nation’s second-biggest producer is in talks with South Africa on building a mill, said Riaan Le Roux, acting deputy director general of the trade and industry ministry. The stock gained 1.4 percent to 194.85 rupees.
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