Sensex ends higher
The Sensex surged by 50.54 points (0.89 per cent) to close at 5700.4 points. The S&P CNX Nifty rose 6.8 points (0.38 per cent) to close at 1812.2 points. The S&P CNX 500 and CNX MIDCAP 200 closed lower.
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Counters
Infosys Technologies rose 4.2 per cent to Rs 5,059.8.
ICICI Bank appreciated 3.2 per cent to Rs 288.75.
Ranbaxy Labs rose 1.2 per cent to Rs 963.05.
Alembic rose 2.4 per cent to Rs 615.7.
Nicholas Piramal India fell by 2.4 per cent to Rs 762.75.
Morepen Labs rose 4.6 per cent.
Goldstone Technologies rose 5.4 per cent.
Everest Industries gained 10 per cent to Rs 124.30.
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271 per cent return for UTI's Infrastructure Fund
Mumbai: UTI Asset Management Company's (AMC) India Infrastructure fund, an offshore fund, has posted returns of 271 per cent in the last one year, according to a company press release.
The fund is incorporated in the Mauritius and invests all of its assets in India through a domestic scheme managed by UTI AMC.
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Simplex lists on the NSE
New Delhi: Kolkata based construction company Simplex Concrete Piles Ltd on Friday got listed on the National Stock Exchange (NSE). Simplex, with a turnover of Rs 700 crore, is already listed on the Bombay Stock Exchange and Kolkata Stock Exchange.
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Fidelity stake in Satyam goes up to 5 per cent
Hyderabad: Satyam Computer Services Ltd has informed the National Stock Exchange (NSE) that Fidelity Investments have acquired 2,45,500 equity shares in the company for FMR Corp and its direct and indirect subsidiaries and Fidelity International Ltd (FIL) and its direct and indirect subsidiaries.Consequently, their total holding of shares in the company has gone up to about 5.05 per cent of the paid up equity share capital. According to the company the acquisitions have been made from the open market.
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BSE software glitch: Overestimates in IPO bids
Mumbai: The Bombay Stock Exchange (BSE) has said that due to technical glitch in the software for counting the bids there was over-estimation in bids for public offers through book-built issues, including that for State-owned companies. The exchange said this would be sorted out soon.
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ICICI Bank public issue in first quarter of '04
Mumbai: The shareholders of ICICI Bank have approved a proposal for an Rs 3,500-crore public issue, which is likely to hit the market within the first quarter of the next financial year, possibly in April 2004. The shareholders have given approval to the bank to raise up to 10 per cent of the authorised capital of the bank, according to the ICICI Bank. The issue will be a book-built one and the price band will be announced later. The foreign holding in the bank is at 71 per cent, which will stand reduced to 65 per cent post issue.
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Aftek Infosys promoters get SEBI rap
Mumbai: The Securities and Exchanges Board of India (SEBI) has prohibited the promoters of Aftek Infosys Ltd from buying, selling or dealing in securities for a period of one year. According to SEBI, the promoters have been found guilty of violating the provisions of prohibition of fraudulent and unfair trade practices relating to the securities market.
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