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May 11: Sensex slumps along with the TDP
Mumbai: TDPs near wipe out in Andhra Pradesh had
the Sensex shedding over a 100 points in the first hour
of trading.
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May
10: Sensex loses sharply
Mumbai:
The
Sensex closed at 5555, shedding over two per cent. At
the National Stock Exchange, the S&P CNX Nifty closed
at 1769, a loss of 1.96 per cent.
Market Counters
BSE 30
ACC at 268.95 down 5.85
Bajaj Auto at 913.30 down 23.05
Bharti Televentures at 145.60 down -12.65
BHEL at 564.00 down -32.45
Cipla at 260.10 down -2.56
Dr Reddy at 856.50 down -23.65
GACL at 322.80 down -9.05
Grasim at 1,126.00 down -36.20
HDFC at 630.00 down -17.75
HDFC Bank at 371.40 down -13.30
Hero Honda at 463.00 down -21.75
Hindalco at 999.90 down -30.60
HLL at 140.55 down -1.95
HPCL at 437.35 down -22.30
ICICI Bank at 286.00 down -14.30
Infosys at 5,095.90 down -30.50
ITC at 953.00 down -49.30
L&T at 543.40 down -14.15
MTNL at 143.95 down -5.90
ONGC at 829.25 down -16.20
Ranbaxy at 997.85 down -29.85
Reliance at 505.30 down 13.85
Satyam at 294.50 down 10.20
SBI at 614.30 down 14.60
Tata Motors at 442.00 down 16.15
Tata Power at 363.50 down 9.55
TISCO at 318.40 down 13.85
Wipro at 1,508.90 down 27.05
Zee Tele at 127.10 down 1.55
Others
M&M up Rs 8 to close at Rs 489.75
Maruti down by Rs 20
HDFC Bank up Rs 9 to close at Rs 384
Era Constructions up Rs 1.8 to close at Rs 38.65
I-flex Solutions down Rs 13 to close at Rs 511
Munjal Showa down Rs 7.65 to close at Rs 222.1
Datamatics Tech down Rs 9 to close at Rs 155.80
Tata Tele Services up by 3.38 per cent to Rs 22.95
Gillette India at Rs 628.35 up 1.35 per cent
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SEBI places the markets on High Alert
Mumbai: According to reports the Securities and
Exchange Board of India (SEBI) is watching the market
movements closely and would analyse the trading data sought
from the exchanges, according to a SEBI spokesperson.
SEBI has already placed the market on "high alert"
and would take stringent action against those breaching
regulations.
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HDFC Mutual Fund plans core & satellite
schemes
Kolkata: The HDFC Core & Satellite Fund (HC&SF),
is proposed to be benchmarked against the BSE 200 index.
It will be an open-ended scheme seeking capital appreciation
through exposure to stocks that are said to be quoting
below their "true value." The core portfolio,
which will constitute 60 per cent to 80 per cent of the
total, will comprise large-cap stocks of companies with
long, successful track records. There will be a basket
of 10 to 20 stocks, each available below its intrinsic
value.
The average exposure per company will be between 3 per
cent and 8 per cent. The satellite group, which will be
made to complement the core assets, will embrace small
and mid-cap outfits, each with a relatively higher risk
but carrying potential for higher returns as well. It
will have 10 to 20 stocks, with the average exposure kept
between 1 per cent and 4 per cent. HC&SF, according
to the draft offer document sent to SEBI for approval,
may also use derivatives for hedging and portfolio balancing.
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