India Equity Movers: Essar, Jubilant Life, Weizmann Forex, Karma

The following companies had unusual price changes in India trading. Stock symbols are in parentheses and prices are at the 3:30 p.m. close in Mumbai.

The Bombay Stock Exchange Sensitive Index, or Sensex, rose 80.04, or 0.4 percent, to 18,492.45, the highest level in three weeks. The BSE 200 Index added 0.3 percent to 2,281.42.

New listing: Weizmann Forex Ltd. (WEIZF IN) shares traded at 69.9 rupees and Karma Energy Ltd. (KENG IN) at 20.9 rupees on their debut. The two units that were spun off from Weizmann Ltd. (WEIZ) began trading on stock exchanges following the reorganization of the company’s business.

Essar Oil Ltd. (ESOIL) rose 1.2 percent to 121.3 rupees, the highest price in more than 10 days. The operator of India’s second-biggest non-state refinery sold 35,000 metric tons of naphtha for loading in July to Total SA, said two traders who declined to be identified.

Jubilant Life Sciences Ltd. (JOL) surged 10 percent to 198.05 rupees, the steepest since November 2009. A unit signed a drug discovery pact with Belgium’s Janssen Pharmaceutica N.V., according to an exchange filing.

To contact the reporter on this story: Ameya Karve in Mumbai at akarve@bloomberg.net;

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.