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Asian Paints, Indian Oil, Tata Consultancy: India Equity Preview

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Feb. 3 (Bloomberg) -- 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, rose 68.40, or 0.4 percent, to 18,090.62. The S&P CNX Nifty Index on the National Stock Exchange added 0.3 percent to 5,432. The BSE 200 Index climbed 0.3 percent to 2,238.01. SGX CNX Nifty Index futures for February delivery gained 0.1 percent to 5,434.5 at 10:35 a.m. in Singapore.

Software companies: Tata Consultancy Services Ltd. (TCS IN) and Infosys Technologies Ltd. (INFO IN), the two largest software services providers, are seeking to boost revenues in Europe and emerging markets, the Financial Times reported. Tata Consultancy gained 2.8 percent to 1,182.45 rupees. Infosys was little changed at 3,089.25 rupees.

Asian Paints Ltd. (APNT IN): The company’s Egyptian unit SCIB Chemicals SAE shut operations at its two plants from Jan. 29, according to a statement on the Bombay Stock Exchange. The shares retreated 0.1 percent to 2,485.45 rupees.

Ashok Leyland Ltd. (AL IN): The second-biggest truckmaker sold 7,711 vehicles in January, according to an e-mailed statement. The shares slid less than 0.1 percent to 55.95 rupees.

Greaves Cotton Ltd. (GRV IN): The maker of engines and power generators signed an agreement with Mahindra & Mahindra Ltd. (MM IN) to supply single-cylinder engines for the automaker’s three-wheelers for five years, according to a statement on the Bombay Stock Exchange. The shares fell 0.8 percent to 91.3 rupees.

Indian Oil Corp. (IOCL IN): The biggest state-run refiner was raised to “hold” from “sell” by Harshad Katkar, an analyst at Deutsche Bank AG with a 12-month price estimate of 330 rupees per share. The shares advanced 0.3 percent to 325.85 rupees.

Wockhardt Ltd. (WPL IN): The drugmaker reported third-quarter profit of 1.42 billion rupees ($31 million), compared with a loss of 1.81 billion rupees a year earlier. The shares added 3.7 percent to 380.25 rupees.

To contact the reporters on this story: Pooja Thakur in Mumbai at pthakur@bloomberg.net; Rajhkumar K Shaaw in Mumbai at rshaaw@bloomberg.net.

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

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