Maruti scrip will be listed in A group today
The Maruti Udyog scrip will be listed on the bourses today in the elite A group of the Bombay Stock Exchange with other bluechips. It is the first time that an IPO is being listed in the A group as usually stocks are listed in the B group and are later shifted to the A group after assessing their trading volumes, market capitalisation and so on.

Also the scrip will be the first one to qualify for derivatives trading on its listing day itself.

The market expects the Maruti scrip to be listed at anywhere between Rs 145 and Rs 160 a share, against the cutoff price of Rs 125.

Some dealers expect the scrip to be listed at a substantial premium and said that the shares were already trading at a premium of Rs 25 to the allotment price of Rs 125 a share. They said retail investors could offload their shares and book a profit because institutional investors are very keen on picking them up. But a good portion of retail investors may prefer to stick to their shares, expecting long-term growth and dividend opportunities, a dealer said

Retail investors account for around 45 per cent of the total subscription, with institutional investors making up the rest.
Post listing Maruti will figure among the top 50 companies in market capitalisation figures.

The firm's market capitalisation would be around Rs 3,611 crore even if it lists at the offer price of Rs 125 for a Rs 5 paid-up share.
If the shares are listed at Rs 150, the figure will be around Rs 4,333 crore. In both cases, Maruti will rank between 35 and 42. It will be below industry leader Tata Engineering, which is currently ranked 25th.
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Block deals in HDFC fail to rev up stock
Mumbai: The housing finance company saw four large block deals, three of them in excess of 14 lakh shares, in early trade.
Market sources say about 43 lakh shares were transacted at the counter on the BSE with rates ranging from Rs 400 to Rs 414 per share. A large foreign firm appears to have brokered the deal and it seemed to be an inter-fund transfer. The deal, however, did not affect the counter much as the HDFC share closed 1.13 per cent lower at Rs 410.05 on the BSE and 1.42 per cent lower at Rs 415.25 on the NSE.
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MFs, FIIs sell Balaji Tele scrips
Mutual Funds and FIIs offloaded media company shares of Balaji Telefilms in the last quarter, amidst concerns over the fall in the viewership of its TV serials as well as due to concern over the implementation of CAS which led institutional investors to exit.

Stock broker Ketan Parekh's entity Panther Fincab sold its 5 per cent stake in the company.
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IT stocks steer Sensex gains
After two days the BSE Sensex moved up strengthened by buying in frontline technology counters such as Infosys Technologies, Satyam Computer and HCL Technologies.

The gains in tech stocks were led by the strong overnight closure on the Nasdaq, which moved up smartly on hopes that Microsoft would make a huge dividend payout to shareholders.
The Sensex also gained 17.15 points to close at 3,629.68 points, off its day's high of 3,645.64 points.

The Nifty moved up by 5.35 points to close at 1,145.90 points, after having scaled an intra-day peak of 1,153.15 points. The total traded value on the Nifty stood at about Rs 3,100 crore compared to about Rs 2,700 crore witnessed on Monday.

Tech stocks within the Sensex stayed firm, ahead of the declaration of quarterly numbers by Infosys Technologies that are due on Thursday.

The results will provide an indication of what to expect from other companies in the IT sector, and will also broadly determine the direction of market movement.

Infosys showed none of those pre-results jitters as it rode up by close to Rs 150 to end at Rs 3,241.25.
The other tech stock in the Sensex also mirrored the upward movement seen in Infosys and ended the day higher.

Satyam Computer was up by Rs 4.90 to settle at Rs 192.05 on trading volumes of about 3.1 million shares.
HCL Technologies was up by Rs 9.10 to end the day at Rs 155.50 on trading volumes of about 0.4 million shares.

Other prominent gainers on the Sensex were ITC, which gained close to Rs 10 to end at Rs 775; Larsen & Toubro, which closed at Rs 262.45 with a gain of Rs 8.10; and Hindalco, which put on about Rs 22 to end at Rs 767. Zee Telefilms posted a rise of Rs 3.75 to close at Rs 99.05 in spite of news that the implementation of the Conditional Access System (CAS) is likely to be deferred. The CAS is considered to be more beneficial for broadcasters such as Zee.

Moving outside the Sensex, the stock of telecom-software maker Hughes Software vaulted by Rs 9.50 to end at Rs 229.75 on trading volumes of about five lakh shares.

Revathi Equipment was another prominent gainer after it announced that its board would consider a buyback at the company's AGM to be held on July 11. The stock surged by Rs 9.40, or about 7 per cent, to park itself at Rs 142.35.

The stock of pharma major Wockhardt received a boost after it announced that it was acquiring the UK-based CP Pharmaceuticals along with its subsidiaries.
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