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 BSE India Sensitive Index, or Sensex, advanced 166.94 points, or 1 percent, to 16,876.54. The S&P CNX Nifty Index on the National Stock Exchange of India jumped 1.3 percent to 5,075.70, while BSE 200 Index added 1.1 percent to 2,089.23. SGX S&P CNX Nifty Index futures for September delivery gained 0.7 percent to 5,132.5 as of 11:10 a.m. in Singapore.
Emami Ltd. (HMN IN): HSBC Global Asset Management Ltd. sold 711,703 shares, or 0.5 percent of its stake, in the maker of beauty products in the open market, according to an exchange filing yesterday. Shares decreased 0.3 percent to 453.30 rupees.
Hindusthan National Glass & Industries Ltd. (HNGI IN): A maker of glass bottles, said the company secretary has resigned from the company, according to an exchange filing yesterday. The shares rose 2.6 percent to 209.80 rupees.
Indian Oil Corp. (IOCL IN): The nation’s biggest refiner raised the gasoline price by 3.14 rupees (7 cents) a liter in New Delhi starting today, Finance Director P.K. Goyal said by telephone yesterday. Shares fell 1.1 percent to 316.60 rupees.
Maruti Suzuki India Ltd. (MSIL IN): The maker of almost half the cars sold in the country will shut both its factories today after a labor dispute at its Manesar plant near New Delhi, spread to suppliers. Shares fell 1.1 percent to 1,082.25 rupees.
Oil India Ltd. (OINL IN): The oil explorer may invest in Hindustan Petroleum Ltd.’s refinery expansion project, Press Trust of India reported, citing Chairman N.M. Borah. Shares fell 0.5 percent to 1,308.65 rupees.
Oil & Natural Gas Corp. (ONGC IN): The country’s largest state-owned oil explorer may defer a share sale by at least two weeks because of volatile markets, according to two people with direct knowledge of the matter.
Government officials believe market conditions aren’t right for a transaction valued at more than $2 billion, the people said, declining to be identified because the information isn’t public. India’s government owns 74 percent of ONGC. The stock added 0.1 percent to 260.6 rupees.
SRS Ltd. (SRSLT IN): Shares of the diversified company, with interests in cinema exhibition, food and beverages, will make their debut in Mumbai today. SRS got demand for 1.25 times the 35 million shares offered in its initial public offer, according to exchange data. It sold shares at 58 rupees apiece.
Tata Motors Ltd. (TTMT IN): The carmaker’s global sales rose 3 percent in August from a year earlier to 87,459 units, according to an e-mailed statement from the company yesterday. Shares rose 6.1 percent to 151.20 rupees.
Tata Power Co. (TPWR IN): The cost of insuring the company’s bonds against default is rising at the fastest pace since 2009 as India’s biggest electricity projects face delays in acquiring land and arranging fuel supplies. Five-year credit-default swaps on the company’s debt rose 156 basis points this quarter to 455, according to data provider CMA.
Shares of Tata Power, the nation’s largest non-state generator slid 0.2 percent to 958 rupees.