Aug. 21 (Bloomberg) -- The following stocks may have unusual changes in Mumbai trading. Stock symbols are in brackets and prices are as of the last close. The preview includes news that broke after markets shut.
The Bombay Stock Exchange's Sensitive Index, or Sensex, rose 0.9 percent to 14,678.23. The S&P CNX Nifty Index on the National Stock Exchange added 47.50, or 1.1 percent, to 4,415.75. SGX Nifty futures for August delivery fell 1.4 percent to 4392.50 on the Singapore exchange today.
Overseas investors sold a net 11.4 billion rupees ($281.6 million) of Indian stocks on August 19, increasing their net outflow this year from equities to $6.9 billion, according to the nation's stock market regulator.
Maruti Suzuki India Ltd. (MSIL IN): The maker of half the cars sold in the country reiterated its plan to sell 1.2 million cars by 2011. Maruti rose 8.6 rupees or 1.4 percent, to 625.10.
Oil & Natural Gas Corp. (ONGC IN): India's biggest explorer unit, ONGC Videsh Ltd., has bid to buy the U.K.'s Imperial Energy Plc., Hindustan Times reported, citing unidentified officials familiar with the bid. ONGC Videsh has made a ``non-binding offer'' to pay $2.5 billion to buy a controlling stake in Imperial Energy, the paper said. Oil & Natural Gas Chairman R.S. Sharma declined to comment.
Onmobile Global Ltd. (ONMB IN): The Indian telecommunications software products maker was rated new ``overweight'' with a price estimate of 625 rupees a share at JPMorgan Chase & Co. The shares fell 9.15 rupees, or 1.8 percent, to 510.65.
Tata Motors Ltd. (TTMT IN): The Indian truck maker said it scrapped a plan to raise funds by issuing convertible preference shares for its June purchase of Jaguar and Land Rover from Ford Motor Co. The company now plans to raise funds by selling some of its investments to group companies. Tata Motors rose 2.85 rupees, or 0.7 percent, to 424.75.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment