Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Tata Steel, ITC, India Infoline: India’s Stock Market Preview

Don't Miss Out —
Follow us on:

Dec. 24 (Bloomberg) -- The following companies may have unusual price changes in India trading today. Stock symbols are in parentheses and share prices are as of the last close.

The Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 32.92, or 0.2 percent, to 19,982.88. The S&P CNX Nifty Index on the National Stock Exchange declined less than 0.1 percent to 5,980. The BSE 200 Index decreased 0.2 percent to 2,473.64.

A2Z Maintainance & Engineering Services Ltd. (A2ZL IN): Billionaire Rakesh Jhunjhunwala bought 1 million shares of A2Z Maintenance & Engineering Services in two transactions in Mumbai, according to data on the Bombay Stock Exchange and the National Stock Exchange. The shares retreated 18 percent to 328.55 rupees.

India Infoline Ltd. (IIFL IN): The company plans to spend as much as 1.04 billion rupees ($23 million) to buy back shares at a maximum price of 99 rupees each, it said in a statement. The stock advanced 1.1 percent to 83.25 rupees.

ITC Ltd. (ITC IN): India’s largest maker of cigarettes resumed production on Dec. 22 following a 21-day shutdown after the government allowed companies to continue using existing pictorial warnings on tobacco products, company spokeswoman Nandini Basu said in a telephone interview. The shares lost 0.3 percent to 166.90 rupees.

JSW Steel Ltd. (JSTL IN): The company made an open offer to acquire 20 percent of Ispat Industries Ltd. from holders at 20.54 rupees a share, according to a statement on the Bombay Stock Exchange. The shares slid 3.7 percent to 1,155.65 rupees.

Tata Steel Ltd. (TATA IN): The company may lower its debt by more than 8 percent if it sells its stake in Australia’s Riversdale Mining Ltd. to Rio Tinto Group, said Niraj Shah, an analyst at Fortune Equity Brokers Ltd. The shares fell 1.7 percent to 661.35 rupees.

To contact the reporters on this story: Siddharth Philip in Mumbai at sphilip3@bloomberg.net;

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.