Market and product

The following companies had unusualprice changes in India trading. Stock symbols are in parenthesesand share prices are as of 10:13 a.m. in Mumbai.

The Bombay Stock Exchange Sensitive Index, or Sensex, fell159.3, or 0.9 percent, to 18,166.79. The BSE 200 Index alsodeclined 0.9 percent to 2,240.97.

Hinduja Foundries Ltd.(ENOR) increased 1.8 percent to87.45 rupees, headed for the highest close in a week. Thecompany plans to acquire a manufacturing plant in Europe,Managing Director B. Swaminathan told reporters in Chennai onMay 20. It expects to spend 700 million rupees on capitalexpenditure in the year that began April 1, he said.

MOIL Ltd.(MOIL) advanced 1.5 percent to 363.3 rupees,poised for its first gain in six days. India’s largest manganeseproducer is looking to buy manganese ore assets in South Africa, Turkey, Congo and the Middle East, Press Trust of Indiareported, citing Chairman K.J. Singh. The state-run company isalso looking to revive the Kisenge manganese mines owned by thegovernment of Congo, according to the report.

National Aluminium Co. (NACL IN) dropped 1.7 percent to86.55 rupees, set for its lowest closing price in almost sixmonths. India’s second-largest aluminum producer cut prices by4,500 rupees a ton, Reuters reported, citing an unnamed companyofficial.

Shriram Transport Finance Co. (SHTF IN) added 1.4 percentto 695.7 rupees, headed for its highest close in almost threeweeks. Orix Corp., a Japanese financial services company, is intalks with TPG Capital to buy the later’s 20 percent stake inShriram Transport, VCCircle.com reported Monday, without sayingwhere it obtained the information.

“TPG has the right to take its decision regarding itsstake in Shriram Transport,” Sanjay Mundra, spokesman atShriram Transport said on the phone today. “We don’t comment ontheir decisions.”