Indian Equities: APW President, Jindal Poly Films, Axis Bank
This article is for subscribers only.
India’s Bombay Stock Exchange Sensitive Index, or Sensex, dropped 492.92, or 2.4 percent, to 19,691.81, the most since May, at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
APW President Systems Ltd. (APWP IN) rose 5 percent to 157.5 rupees, the highest in a year. The maker of telecommunications applications gained after the founders agreed to sell a 55 percent stake to Schneider Electric SA for 195 rupees per share, triggering a mandatory open offer.