Indian Stocks: Asian Hotels, Chambal, India Infoline, Rashtriya
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 116.36, or 0.6 percent, to 20,184.74 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
Asian Hotels West Ltd. (AHWL IN) declined 1.5 percent to 213.95 rupees, its lowest level since Dec. 22. About 7.4 percent of its equity changed hands in a single transaction on the National Stock Exchange, according to Bloomberg data. Buyers and sellers of the block deal weren’t immediately known.
Chambal Fertilizers and Chemicals Ltd. (CHMB IN), a maker of farm chemicals, lost 8.4 percent to 79.5 rupees, the most in 18 months. National Fertilizers Ltd. (NFL IN), the second- biggest Indian maker of nitrogenous fertilizers, dropped 6.7 percent to 109.35 rupees and Rashtriya Chemicals & Fertilizers Ltd., the largest state-controlled urea maker, slid 4.8 percent to 93.05 rupees. The government deferred a decision on ending price-controls on urea.
India Infoline Ltd. (IIFL IN) decreased 2.6 percent to 79.5 rupees. The investment adviser’s share buyback may be delayed pending final observations from the Securities and Exchange Board of India, the country’s capital markets regulator.
To contact the reporter on this story: Hemal Savai in Mumbai at at firstname.lastname@example.org
To contact the editor responsible for this story: Stephen Foxwell at at email@example.com