Sensex welcomes new fiscal: Up 150
The BSE Sensex ended the day 150.25 points (or 2.69 per cent) higher at 5740.85. The S&P CNX Nifty notched a gain of 47.75 points (or 2.69 per cent) to close at 1819.65.
BSE Gainers
Mahanagar Telephone Nigam, Bharti Tele-Ventures, Infosys Technologies, Wipro, Satyam, CMC, VisualSoft Technologies, Mahindra Ugine, Essar Steel, Jindal Iron, Bhushan Steel, Aztec Software, Bata India, Emco, VXL Instruments, Glenmark Pharma, Bharat Earth Movers
BSE Losers
ONGC, Reliance Energy, Moser Baer, Apollo Tyres, Andhra Bank, Aurobindo Pharma, Greaves, VSNL, Federal Bank
BSE Counters
Mahindra Ugine gained Rs. 3.80 (or 19.3 per cent) to close at 23.40
Bata India appreciated by Rs 6.35 (or 11.9 per cent) to settle at Rs 59.5
VXL Instruments gained Rs 2.45 (or 9.83 per cent) to settle at Rs. 27.95
Bharat Earth Movers appreciated by Rs 13.35 (or 7.8 per cent) to Rs184.3
Reliance Industries rose 3.3 per cent to close at Rs 555.95
Hindustan Lever closed marginally higher at Rs 154.80
SBI gained 2 per cent to Rs 617.90 on the BSE
Bank of India closed at Rs 61.95, up 5.18 per cent
PNB closed at Rs 333.50, down 0.40 per cent.
The NSE has auctioned off over two lakh ONGC shares at an average rate of Rs 839 per share.
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SEBI bans Samir Arora for 5 years
Mumbai: The Securities and Exchange Board of India has extended the ban on Samir Arora, former Chief Investment Officer of Alliance Capital Mutual Fund, from dealing in securities to a period of five years.According to the SEBI ruling, Arora has been found guilty of professional misconduct inviting action, fraudulent and unfair trade practices relating to securities market and insider trading.The order has taken into account the responses given by Mr Arora to the show cause notice that SEBI had served on him.
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Foreign investments, NRI deposits and currency valuation swell forex reserves
Mumbai: Foreign investments (both FII and FDI), at $10.1 billion, accounted for over 38 per cent of the $26.4-billion accretion to the country's forex reserves in the nine months ended December 2003.On the current account front, the increase was by $3.2 billion. Change in valuation of the basket of currencies, such as the Euro, Japanese Yen and the British Pound, held by the apex bank led to an increase of $5.4 billion.Within banking capital, NRI deposits increased to $3.5 billion.
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