Indian Stocks: HDFC, Jindal Saw, Nelcast, Religare Enterprises
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India’s Bombay Stock Exchange Sensitive Index, or Sensex, fell 197.62, or 1 percent, to 20,301.10 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
Housing Development Finance Corp. (HDFC IN) lost 3.2 percent to 708.1 rupees, the most in 11 months. The country’s largest mortgage lender was cut to “hold” from “buy” at BNP Paribas by analysts including Vijay Sarathi, who cited its valuations amid “a tight liquidity environment and a regulatory slant toward cooling the property market.”