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Sensex: Down seven
The stock markets closed lower, with the BSE Sensex shutting shop at 5815.13, down 7.29 over its previous close. The Nifty closed at 1848.70 - down 2.45 over its last close.
Market Gainers
Biocon, Power Trading Corporation, Balrampur Chini, Sakthi Sugars, SIEL Sugars, Rajshree Sugars, Rana Sugars, Oudh Sugar, Dharani Sugars, Neyveli Lignite, Grindwell Norton, Hyderabad Industries, MRO-Tek, Bata India, Subash Projects, Amforge Industries, Infosys, Petronet LNG
Market Losers
Unitech, Garden Silk, JL Morison, Gangotri Textiles, Shyam Telecom, Shriram Transport, Alstom, Crompton Greaves, Garware Polymer, Zuari Industries, Motherson Sumi, ICICI Bank
Market Counters
HLL down 5.6 per cent to close at Rs 146.8
BHEL closed at Rs 628, losing 1.65 per cent
ICICI Bank closed 1.10 per cent lower at Rs 288.30
Lupin closed at Rs 658.4 with gains
Ucal Fuel rose 3.7 per cent to Rs 282.7
Pantaloon Retail declined marginally and closed at Rs 40.25
Oudh Sugar closed 20 per cent higher at Rs 39.6
Alfa Laval gained 5.21 per cent to close at Rs 558.8
Thermax edged up 2 per cent to Rs 387.6
Reliance Capital gained 5.7 per cent to close at Rs 160
Voltas lost nearly 5 per cent to close at Rs 130
Power Trading Corp. closed at Rs 44.65, almost 180 per cent over issue price
Biocon closed at Rs 484.35, almost 55 per cent over the issue price
Apollo Hospitals moved up 2.75 per cent to Rs 188.95
Hindustan Lever down 5.3 per cent to close at Rs 146.80
Infosys marginally higher at Rs 5,326.35
IPCL ended at Rs 192 per share
e-serve International gained over 4 per cent to close at Rs 630
Federal Bank ended the day at Rs 354.20
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Six public nominees on BSE board
Mumbai: In a statement the Bombay Stock Exchange (BSE) has said that it has inducted six public representative directors on its board. The new inductees are the Tata Sons' Executive Director, R. Gopalakrishnan, Vijay Mukhi, an expert from IT education field, Pradeep Shah, a financial services industry professional and Ravi Chandran, faculty member of Indian Institute of Management, Ahmedabad. S Jambunathan, ex-IAS officer and former additional Chief Secretary of Maharashtra, and Jagadish Capoor, Chairman of HDFC Bank, have been re-elected as public representatives.
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ICICI Bank issue oversubscribed four times
Mumbai: The Rs 3,050-crore ICICI Bank public issue has been oversubscribed 400 per cent. FIIs, who can acquire a maximum of 9.09 crore shares from the total issue of 11.96 crore shares without breaching the sectoral cap, have bid for over 17.95 crore shares. The total foreign holding in the bank already adds up to 71.4 per cent and can go up to a maximum of 74 per cent under the RBI norms.

All retail investors are expected to get the full allotment. Out of the total issue of 11.96 crore shares, 25 per cent had been kept for retail, 25 per cent as the non-institutional portion and 50 per cent as the qualified institutional portion.
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domain-B : Indian business : News Review : 08 April 2004 : markets