Tata Steel Ltd., National Aluminium Co.: India Stocks Preview
Stock Chart for National Aluminium Co Ltd (NACL)
The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of the last close.
The Bombay Stock Exchange Sensitive Index, or Sensex, fell 545.92, or 3 percent, to 17,632.41. The S&P CNX Nifty Index on the National Stock Exchange declined 3.2 percent to 5,262.70. The BSE 200 Index decreased 3 percent to 2,163.72.
Tata Steel Ltd. (TATA IN): The U.K. unit of India’s biggest producer of the alloy signed a definitive agreement on the sale of assets of Teesside Cast Products to Sahaviriya Steel Industries UK Ltd. in a transaction valuing the business at $469 million, according to an e-mailed statement. The shares dropped 3.9 percent to 602.65 rupees.
Miners: National Aluminium Co. (NACL IN) is seeking to form a venture with Hindustan Copper Ltd. (HCP IN) to develop the Malanjkhand mines in the central Indian state of Madhya Pradesh, B.L. Bagra, finance director at National Aluminium, said in an interview. National Aluminium rose 3.2 percent to 425.4 rupees and Hindustan Copper dropped 7.2 percent to 293.85.
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