Sensex down 61 points
Mumbai: The Sensex ended the day with a loss of 61.09 points closing at 5,800.64. On NSE, the S&P CNX Nifty Index dropped 24.05 points to end at 1,844.05.
Market Gainers
Cipla, HDFC Bank, Hindalco, Ranbaxy Laboratories, ICICI Bank, ITC, Union Bank, Bank of India, UTI Bank, Andhra Bank, Corporation Bank
Market Losers
Hindustan Lever, Tata Steel, Satyam Computers, HPCL, Grasim Industries, Wipro, Bajaj Auto, Bharti Televentures, Reliance Energy, Tata Power, BHEL, Dr Reddy's Laboratories, Hero Honda, MTNL, ACC, Gujarat Ambuja Cements, Zee Telefilms, i-flex Technologies, HCL Technologies, VSNL, Moser Baer, Polaris Labs, Mphasis BFL, Hughes Software, NIIT, Mastek, Macmillan India, SBI Bank of Baroda, Oriental Bank, Canara Bank, PNB, IOB, UCO Bank
Market Counters
Reliance Industries down 2.2 per cent at Rs 552.45
Infosys Technologies down 0.6 per cent at Rs 5,359.25
ONGC down 1.74 per cent at Rs 849.55
State Bank of India down 2.09 per cent at Rs 629.1
L&T down 1.74 per cent at Rs 591.5
Tata Motors down by 3.52 per cent at Rs 487.75
HDFC down over two per cent at Rs 624
PTC fell 3.6 per cent to Rs 55.15
HDFC Bank rose marginally to Rs 377.90
Corporation Bank gained 5 per cent to Rs 333.50
Balrampur Chini rose 1.6 per cent to Rs 407.05
UTI Bank closed at Rs 163
Back to News Review index page  

DSP Merrill lets loose a TIGER
Mumbai: DSP Merrill Lynch Fund Managers is launching a diversified equity fund, to be called the DSP Merrill Lynch India T.I.G.E.R Fund (The Infrastructure Growth and Economic Reforms Fund). According to the company the fund will focus on sectors and companies that could benefit from the ongoing process of economic reform and the continuing development in infrastructure growth.

The company is also launching variants of the DSP Merrill Lynch Savings Plus fund. While the current version, now termed "moderate" allows for 20 per cent equity participation, the new variants will be "conservative" with 10 per cent equity and "aggressive" with 30 per cent equity component. The initial offers of the funds remain open from April 27 to May 20.
Back to News Review index page