Mumbai: India's Bombay Stock Exchange Sensitive Index, or Sensex, rose 43.84, or 0.2 per cent, to 20,168.89 at close in Mumbai, the most since Wednesday. Shares of the following companies had unusual moves.
Axis Bank Ltd. fell 1.3 per cent to Rs1,481.95, the lowest in a month. The fourth-largest lender by market value was cut to "neutral" from "buy" at Nomura Holdings Inc., according to a report by Mahrukh Adajania and Amit Nanavati that said the stock hasn't factored in risks of a "long-growth slowdown."
Commercial Engineers & Body Builders Company Ltd. lost 11 per cent to Rs112.9 in the trading debut of the maker of truck bodies.
Godrej Properties Ltd. fell 3.4 per cent to Rs703.6, the most since July 20. The property developer's second- quarter profit dropped 26 per cent, according to its e-mail. IL&FS Transportation Networks gained 1 per cent to Rs308.6, the most in two weeks. The developer of toll highways has submitted a bid to the National Highways Authority of India to strengthen and rehabilitate a section of highway from Udhampur to Ramban in the northern state of Jammu and Kashmir, a statement to the exchange said.
Larsen & Toubro Ltd. rose 1.4 per cent to Rs2,015.4, the highest since October 13. India's biggest engineering company said second-quarter profit rose 32 per cent, beating analysts' estimates.
Oil & Natural Gas Corp (ONGC) added 1.8 per cent to Rs1,364.35, the most since September 13. India's largest state- owned oil explorer said it discovered hydrocarbons in an on-land block in the Cauvery basin and an offshore area in the KG basin.
