Sensex dips back
The Sensex lost 50.93 points to settle at 5520.44, while the S&P CNX Nifty declined by 11.90 points to 1750.15 points.
BSE Gainers
Mastek, Patni Computers, Tata InfoTech, Digital GlobalSoft, Jindal Drilling, GIC Housing, Bank of Punjab, Daewoo Motors, Amara Raja, Punjab Communication, ITC Hotels, Sri Adhikari Brothers, Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Indian Overseas Bank, Punjab National Bank, Oriental Bank
BSE Losers
Hughes Software, HCL Technologies, MphasiS BPFL, Polaris Software
BSE Counters
Infosys down by Rs 178.5
Satyam Computer down by Rs 15 to Rs 592.6
Wipro declined by Rs 33.9 to Rs 1,376.7
Ramco Systems rose by Rs 22.65 to Rs 237.35
Gujarat Ambuja fell by 4.20 per cent to Rs 287.20
Bongaigaon Refineries rose by 6 per cent to Rs 74.35
Chennai Petroleum up by 5.46 per cent to Rs 124.65
BPCL up 3.02 per cent to Rs 487.60
Indian Oil up by 1.85 per cent to Rs 483.35
ONGC declined by Rs 4.8 to Rs 839.6
Bharti TeleVentures rose by 4.8 per cent to Rs 152.85
Orchid Chemicals & Pharmaceuticals up 1.12 per cent to Rs 198.45.
Matrix Lab up by Rs 1.5 to Rs 1,420.65
CESC up 9.97 per cent at Rs 105.30
Ahmedabad Electricity up 11.11 per cent at Rs 86
Gujarat Industrial Power up 5.52 per cent at Rs 46.80
Surat Electricity up 9.99 per cent at Rs 209.65
Voltas gained 17.64 per cent at Rs 113.05
Back to News Review index page  

ONGC in Nifty: Increased weightage in Sensex
Mumbai: In a statement, India Index Services (owner of Nifty index) said ONGC replaces Digital GlobalSoft, which is to be delisted from April 8, and would be included in the S&P CNX Nifty index from April 12. With its inclusion in Nifty, ONGC would have the highest weigthage in the index and would replace Reliance Industries from the top slot.

Meanwhile, the BSE in a separate statement said the free-float factor for ONGC in Sensex is being increased from 0.05 to 0.15 in view of the successful completion of the public offer. A Free-float factor of 0.15 indicates that only 15 per cent of the market capitalisation of the company will be considered for index calculation.With this change, the weightage of ONGC in Sensex would increase from 2 per cent to 5.8 per cent based on the current market price. The BSE has made these changes applicable from April 5.
Back to News Review index page  

ONGC allotments to be straightened out today
Mumbai: Officials at MCS Ltd, the registrar to the ONGC public issue, said by Wednesday morning, the actual number of shares allotted to investors to the issue would be credited to the individual demat accounts.Officials at the depository NSDL also said the registrar had assured that the credit details would be send to them by Wednesday.The issue regarding shares sold by some investors in excess of their allotment, and the losses suffered by them consequently, still hangs fire.
Back to News Review index page  

Power Trading Corpn again postpones share listing
Mumbai: Power Trading Corporation has postponed for the second time the listing its new shares on the stock exchanges with its registrar, MCS Ltd, continuing to grapple with the allotment of shares of ONGC Ltd.A company official said technical problems had prevented its registrar MCS Ltd from giving details of the final allotment of shares to the depositories.
Back to News Review index page