* Budget carrier Spicejet Ltd rose 5.2 percent to 70.35 rupees after a
block deal of 9.08 million shares or 3.77 percent of the firm's equity
at 66.10 rupees.
* Igarashi Motors ended up 15 percent at 77.95 rupees after it formed
a joint venture with German auto component maker, Robert Bosch, to
make electronic auto parts. The German firm will hold 51 percent in
the venture.
MAIN TOP 3 BY VOLUME
* Reliance Natural Resources Ltd on 29.5 million shares
* Ispat Industries Ltd on 17.6 million shares
* Reliance Petroleum Ltd on 15.4 million shares
================
* Budget carrier Spicejet Ltd (SPJT.BO: Quote) rose 3 percent to
68.85 rupees after a block deal of 9.08 million shares or 3.77 percent
of the firm's equity at 66.10 rupees. Details of the buyers and
sellers were not known immediately.
* Igarashi Motors (IGAM.BO: Quote) extended gains after it formed a
joint venture with German auto component maker, Robert Bosch, to make
electronic auto parts. The German firm will hold 51 percent in the
venture. Shares were up 10.6 percent at 75 rupees.
* State-run oil firms like Indian Oil Corp (IOC.BO: Quote), Hindustan
Petroleum Corp (HPCL.BO: Quote), Bharat Petroleum Corp (BPCL.BO:
Quote), continued to rise 1.5-5 percent after India on Thursday raised
retail prices for petrol by 2 rupees a litre and for diesel by 1 rupee
a litre.
Oil and Natural Gas Corp (ONGC.BO: Quote) and GAIL (India) (GAIL.BO:
Quote) are also up 1-2.5 percent on expectation that they will also
have to pay less by way of subsidies to the retailers.
* Steel companies like Tata Steel Ltd (TISC.BO: Quote), Steel
Authority of India (SAIL.BO: Quote), JSW Steel Ltd (JSTL.BO: Quote)
and Ispat Industries Ltd (ISPT.BO: Quote) are down 1-2.7 percent after
the steel makers agreed to cut prices of some products by 500-1,000
rupees per tonne.
* Indiabulls Real Estate (INRL.BO: Quote), rose 4.2 percent to 650.30
rupees after it sold 37.5 percent in its power unit for 15.8 billion
rupees to two investors including to private equity venture of steel
magnate Laxmi Mittal.
(10:13 a.m.)
(virendra.verma@reuters.com)
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