Sensex down 15
The BSE Sensex opened at 5,886 points - touched a high of 5,897 before going to an intraday low of 5,781, to finally close at 5,822 - down by 15 points. At the National Stock Exchange (NSE), the 50-share Nifty index was down marginally by 0.29 per cent.

BSE Gainers
Infosys Technologies, Cipla, Gujarat Ambuja Cements, State Bank of India, Ranbaxy Laboratories, HDFC, Wipro, Bharti TeleVentures, Matrix Labs, HCL Technologies, Polaris Labs, Hughes Software, E-Serve International, Mastek, Corporation Bank

BSE Losers
ICICI Bank, HLL, L&T, Tata Motors, Tata Steel, HPCL, Satyam Computers, HDFC Bank, Grasim Industries, Bajaj Auto, Reliance Energy, Dr Reddy's Laboratories, BHEL, Hero Honda, ACC, MTNL, Tata Power, Zee Telefilms

BSE Counters
Infosys Technologies was up about Rs 140 or 2.7 per cent at Rs 5,312
Voltas closed today at Rs 136.85, gaining 18.90 per cent
MTNL was down 4.49 per cent at Rs 133.90
Pantaloon Retail gained 5.04 per cent at Rs 303.45
State Bank Of India closed 2.08 per cent higher by Rs 12.80, at Rs 627.40
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NSE warning on TV Today shares
Mumbai: The purchase of TV Today shares by FIIs/NRIs in the secondary market has come to the notice of the National Stock Exchange, where the shares of the company are listed. These purchases are over and above the mandated 26 per cent purchase allowed for such entities, and seem to have been done in the secondary market by way of circumventing the regulation.
In a notice to its members the NSE has said that they should inform their clients to disinvest the shares of TV Today purchased by them.
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Bonus and stock split for Infosys
Bangalore: The board of Infosys Technologies will meet on April 13 to consider the issue of bonus shares and stock split, the company has said in a notice to the Bombay Stock Exchange (BSE). Also, the company will also announce its fourth quarter and annual results for the fiscal ending March 31, on April 13.
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OCBs permitted to buy equity in Orchid
Chennai: The Union Government has given permission to two overseas corporate bodies, Medrox and Harpline, to buy the equity shares of Orchid Chemicals & Pharmaceuticals in the open market. The entities already have an equity stake in the company.
The investment laws for EOUs dictate that foreign entities need the government's permission to buy equity. The law does not apply to foreign institutional investors and non-resident Indians. Orchid Chemicals is an export-oriented unit that manufactures largely antibiotics. The foreign shareholding in Orchid Chemicals as of December 31, 2003 was 47.03 per cent.
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SEBI: Disclosure document mandatory for ESOP
Mumbai: According to the Securities and Exchange Board of India (SEBI) employees who avail of the stock option scheme will compulsorily have a disclosure document provided to them. This requirement will be mandatory for all options granted after June 30, 2003. This will include a declaration by the company about the method of option valuation it is going to use for accounting employee stock options scheme (ESOP).

Further, in all initial public offers after June 30, 2003, shares arising out of the option scheme, shall be immediately listed provided that a statement in the prescribed format is filed with the stock exchanges and an in-principle approval is obtained before the exercise. The report also clarified that in order to conform to the code of conduct on insider trading, employees are required to hold their investments in securities for a minimum period of 30 days from the date of allotment.
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Datamatics IPO: Price band at Rs 101-110
Mumbai: Datamatics Technologies has announced a price band of Rs 101-110 for its initial public offering (IPO), of 1.03 crores equity shares of Rs 5 each. The IPO remains open from April 12-19. The IPO is through a 100 per cent book building process. Datamatics will list the shares on the Bombay Stock Exchange and the National Stock Exchange. The proceeds of the IPO will be used for the company's existing business requirements and strategic initiatives and acquisitions.
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