India Hot Stocks: Steel firms fall on export ban reports

Fri, Apr 11 12:47 PM

MUMBAI (Reuters) - The following stocks were on the move at the BSE on Friday.

At 12:12 p.m. the benchmark 30-share BSE index was up 0.78 percent at 15,8810.55 points.

The 50-share National Stock Exchange Index was up 0.9 percent at 4,775.45 points.

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* Steel companies like Tata Steel, Steel Authority of India and JSW Steel fell 1.3-1.6 percent after television channels reported that the government has banned the export of primary steel.

(12:09 p.m.)

(virendra.verma@reuters.com)

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* Vijaya Bank Ltd extended gains after a block deal was struck for 13.1 million shares, or 3 percent equity, of the state-run bank at 50 rupees each on the BSE. The shares are trading 3.3 percent higher at 50.85 rupees.

(10:10 a.m.)

(bharghavi.nagaraju@reuters.com)

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* Sasken Communications Technologies Ltd jumped 8.3 percent to 131.95 rupees after it said its board will meet on April 18 to consider a share buyback.

(10:03 a.m.)

(virendra.verma@reuters.com)

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* Reliance Industries Ltd climbed 1.6 percent to 2,506.95 rupees after two sources said the firm is in talks with several oil majors to sell up to 10 percent in its deep-water D6 block off India's east coast.

(10:02 a.m.)

(virendra.verma@reuters.com)

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