Indian Equities: Punjab National Bank, Rucha Soya, Uflex
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 238.16, or 1.2 percent, to 19,696.48 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual movements in Indian trading and stock symbols are in parentheses.
Punjab National Bank Ltd. (PNB IN) lost 1.4 percent to 1,180.35 rupees. The state-owned lender raised its deposit rates by as much as 100 basis points, according to a statement to the Bombay Stock Exchange. The lender also increased the benchmark prime lending rate by 75 basis points to 12.5 percent.
Rucha Soya Industries Ltd. (RSI IN), an edible oil importer and processor, sank 28 percent to 89.25 rupees, the most since July 1992. The company hasn’t got any communication from federal investigators or the Securities & Exchanges Board of India, the market regulator, said Yogesh Kolte, a spokesman for Ruchi.
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