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Indian Equities: JSW Steel, Ispat, India Infoline, Satyam, NMDC

Dec. 21 (Bloomberg) -- India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 171.44, or 0.9 percent, to 20,060.32 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.

Indiabulls Financial Services Ltd. (IBULL IN) increased 2.4 percent to 169.9 rupees. About 1 percent of its equity changed hands in two block deals in Mumbai, according to Bloomberg data. Buyers and sellers weren’t immediately known.

India Infoline Ltd. (IIFL IN) gained 7.1 percent to 81.85 rupees. The brokerage will on Dec. 23 consider a proposal to buy back its shares, it said in a statement to the Bombay Stock Exchange yesterday.

JSW Steel Ltd. (JSTL IN) advanced 2.1 percent to 1,211.8 rupees, its highest close in a month. India’s third-biggest producer plans to buy 1.09 billion shares of Ispat Industries Ltd. (NDEN IN) for 21.6 billion rupees ($476 million), it said in a statement to the Bombay Stock Exchange today. Ispat sank 15 percent to 21.2 rupees.

NMDC Ltd. (NMDC IN) added 2.6 percent to 263.55 rupees. India’s biggest iron-ore producer plans to complete the purchase of a mine in Australia within about two months, Chairman Rana Som said.

Satyam Computer Services Ltd. (SCS IN) jumped 9 percent to 69 rupees, the most since Sept. 22. The software developer embroiled in India’s biggest corporate fraud probe’s board will review a plan to relist on the New York Stock Exchange, Chief Marketing Officer Hari Thalapalli said.

Valuemart Info Technologies Ltd. (VMIT IN) rose 3.3 percent to 6.53 rupees. About 1.2 percent of its equity changed hands in three block deals on the Bombay Stock Exchange, according to Bloomberg data. Buyers and sellers weren’t immediately known.

To contact the reporter on this story: Hemal Savai in Mumbai at at hsavai@bloomberg.net

To contact the editor responsible for this story: Stephen Foxwell at at sfoxwell@bloomberg.net

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