Indian Equities: Ansal Housing Rises, Ranbaxy Laboratories Falls
The BSE India Sensitive Index, or Sensex, gained 0.7 percent to 16,123.46. The BSE-200 Index (BSE200) advanced 0.3 percent to 1,953.03.
Ansal Housing & Construction Ltd. (AHCL) jumped by its daily 20-percent limit to 38.75 rupees, the most since Sept. 7, 2001. The developer said its board will consider Dec. 2 a proposal to buy back shares.
Ranbaxy Laboratories Ltd. (RBXY) lost 3.9 percent to 434.65 rupees, the lowest price in a week. The shares of the drugmaker, which is counting on copies of Pfizer Inc.’s Lipitor to bolster U.S. sales, declined as the Indian company awaited final clearance from U.S. regulators to sell its copy of the world’s best-selling drug.
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