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Sensex: Looking for ideas
Mumbai: The benchmark BSE Sensex closed the second trading day of the week down 21.01 points (0.41 per cent) at 5102.22. On the NSE, the S&P CNX Nifty fell 2.15 points (0.13 per cent) to 1606.7.
Market Gainers
Reliance Industries, Infosys Technologies, ITC Hindustan Organic Chemicals (12 per cent), Madras Fertilizers (11.8 per cent), Greaves Cotton (11 per cent), Maars Software (9.3 per cent) and Jain Irrigation (9 per cent)
Market Losers
ICICI Bank, Tata Motors, HPCL (4.1 per cent), Reliance Energy (4.7 per cent), Maruti Udyog (4 per cent)
Market Counters
BSE 30
Figures in Rupees
Gain (+) Loss (-)
| ACC | 261.20 | -0.65 | | Bajaj Auto | 879.70 | +4.40 | | Bharti Televentures | 149.90 | -4.15 | | BHEL | 458.35 | -6.85 | | Cipla | 251.20 | -3.85 | | Dr Reddy | 875.55 | +4.40 | | GACL | 310.10 | +4.40 | | Grasim | 1,105.50 | +3.05 | | HDFC | 566.00 | -17.05 | | HDFC Bank | 369.60 | -0.35 | | Hero Honda | 481.00 | +6.50 | | Hindalco | 961.80 | -12.35 | | HLL | 141.65 | +3.40 | | HPCL | 320.45 | -13.70 | | ICICI Bank | 258.20 | -8.90 | | Infosys | 5,359.05 | +39.85 | | ITC | 924.35 | +5.90 | | L&T | 444.55 | 0.00 | | MTNL | 124.45 | -0.50 | | ONGC | 731.60 | +23.05 | | Ranbaxy | 1,010.00 | -7.85 | | Reliance | 455.85 | +2.25 | | Satyam | 322.25 | -6.05 | | SBI | 539.00 | -1.00 | | Tata Motors | 428.95 | -15.55 | | Tata Power | 299.85 | -9.05 | | TISCO | 332.90 | -0.55 | | Wipro | 1,620.35 | +10.95 | | Zee Tele | 124.50 | -1.05 | Others
Kotak Mahindra Bank down 3.1 per cent to Rs 371.45
Granules India down 0.5 per cent to Rs 69.6
Mangalore Refinery & Petrochemicals up 3 per cent to Rs 49.85
SRF Polymers up 5.5 per cent to Rs 40
Max India rose by 4.9 per cent to Rs 174.15
Madhucon Projects rose five per cent to Rs 100.3
Maruti down 4.04 per cent at Rs 454.95
Reliance Energy down 4.72 per cent at Rs 552.90
Back to News Review index page Top guns brief Chidambaram
New Delhi: The Finance Minister, P. Chidambaram, met the RBI Governor, Y.V. Reddy, and the SEBI Chairman, G.N. Bajpai. Both regulators described their visit as a courtesy call. The SEBI Chairman said that they were still analysing the data on the market crash on seventeenth of this month and they would report their findings to the Government.
Post his interaction with the minister the RBI Governor said that the Central Bank did not see any need for change in its May 18 monetary policy stance and inflation during the current fiscal is likely to remain at the projected 5 per cent level. Others who called upon the Finance minister on Tuesday included Anil Ambani, Vice-Chairman and Managing Director of Reliance Industries, and Kumar Mangalam Birla, Chairman of the Aditya Birla group.
Back to News Review index page Currency converter FIIs continue to register
Mumbai: Ten additional Foreign institutional investors (FIIs) have enrolled to participate in Indian stock markets after the historic crash of May 17 when the BSE Sensex plunged by 565 points.
According to the Securities and Exchange Board of India (SEBI), 10 FIIs registered with it on May 20 that is just after the Black Monday. Following this, the number of FIIs registered has increased from 542 to 552. In 2004, 32 new FIIs have registered with SEBI.
The new FIIs registered with the market regulator are from countries such as US, France, Ireland, and the Mauritius. This month, FIIs have been net sellers in the Indian equity market to the tune of Rs 3,248.50 crore ($738.20 million). For the year though they have been net buyers to the tune of Rs 16,263.50 crore ($3.55 billion) in equity.
Back to News Review index page Currency converter JM Capital plans two new funds
Bangalore: JM Capital Management Ltd plans to raise its equity exposure from the present Rs 150 crore to Rs 600 crore by the year-end through new schemes. The company is coming out with two new speciality funds - JM Auto & Ancillaries Fund and JM Healthcare Fund. The company is targeting a initial mop-up of Rs 200 crore each for both the funds. The initial offer for these two new funds would open on June 1 and close on June 9.
Back to News Review index page Sakthi Sugars goes for preferential allotment
Chennai: Sakthi Sugars will raise over Rs 18 crore through preferential allotment of 36.41 lakh equity shares of Rs 10 each to foreign institutional investors, according to company officials.
The company has informed the stock exchanges that its board, at a meeting on Monday, decided to make the preferential allotment.
Officials said they would allot 18 lakh shares each to two FIIs: Global Small Cap Fund and GMO Foreign Small Companies Fund, at Rs 50 a share. The move will bring down the promoters' shareholding to 42 per cent from the current 44 per cent.
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