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Sensex: Portfolios shuffle and drift continues
Mumbai:
The BSE Sensex closed 19.11 points lower at 4944.64. The S&P CNX Nifty ended the day at 1544.75, down 3.55 points over the previous day's close.

Market Gainers
Infosys Technologies, Hindustan Petroleum, BPCL, Tata Chemicals, Tata Investment, Aftek Infosys, Jyoti Structures, Glenmark Pharma, Revati Equipments, Glenmark Pharma

Market Losers
Hindustan Lever, ICICI Bank, Reliance Industries, Canara Bank, Punjab National Bank, Oriental Bank, Bharat Earth Movers, BHEL, Siemens, Asian Paints

Market Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)

ACC

247.50

+2.00

Bajaj Auto

889.50

+0.10

Bharti Televentures

150.05

+1.15

BHEL

460.30

-12.25

Cipla

232.05

-3.50

Dr Reddy

815.90

+0.95

GACL

290.00

-2.30

Grasim

1,015.65

-44.15

HDFC

612.75

-3.25

HDFC Bank

378.50

+8.35

Hero Honda

472.25

-6.40

Hindalco

946.20

-11.40

HLL

129.80

-3.75

HPCL

357.20

+15.70

ICICI Bank

267.15

-5.00

Infosys

5,270.55

+48.15

ITC

895.65

+1.00

Maruti

411.90

-6.15

MTNL

131.40

+5.90

ONGC

650.35

-5.15

Ranbaxy

1,006.45

-5.90

Reliance

447.60

-3.60

Satyam

309.50

+2.70

SBI

480.10

-3.50

Tata Motors

405.45

-7.10

Tata Power

239.10

-0.55

TISCO

298.70

+0.60

Wipro

1,523.25

+29.10

Zee Tele

129.65

-4.40

Others
Hindustan Lever down by Rs 3.75 at Rs 129.80
ICICI Bank down by Rs 5 at Rs 267.50
Hindustan Petroleum up by Rs 15.7 at Rs 357.50
Tata Chemicals up by 4.4 per cent at Rs 136.2
Tata Investment up 7 per cent at Rs186
Tube Investments up by 14 per cent at Rs 265.70
LIC Housing Finance up Rs 6.10 at Rs 147.20
Canara Bank down 2.8 per cent at Rs 127.65
Oriental Bank down 5-per cent at Rs 231.9
Asian Paints down by Rs 7 at Rs 289.65
UTI Bank up 1.53 per cent at Rs 122.40
i-flex Solutions up 1.12 per cent at Rs 549.20
HDFC Bank up 2.26 per cent at Rs 378.50
Grasim down 4.17 per cent at Rs 1015.65
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Government bills to amend BRA and SCRA
New Delhi: The second progress report, pursuant to the recommendations of the Joint Parliamentary Committee (JPC) on the stock market scam, was tabled in Parliament on Thursday.
The progress report confirms action taken on 36 ecommendations, with the number of pending recommendations on which action remains to be taken standing at 90. The JPC probing the securities scam had submitted its report to Parliament on December 19, 2002. The report contained 276 observations, conclusions and recommendations.

In its second progress report on the action taken on the 2001 stock market scam, the Government has said that it proposes to introduce Bills to amend the Banking Regulation Act and Securities Contract Regulation Act (SCRA) by incorporating fresh amendments. The amendments would ensure demutualisation and corporatisation of stock exchanges and strengthen regulation of the banking sector, especially that of urban co-operative banks. The Bills introduced in Parliament earlier have lapsed and hence have to be introduced afresh after incorporating changes to make the amendments more effective, an official release said. Further, the release said, the Government is considering other legislations like the Companies Law (Amendment) Bill and Government Securities Bill.
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Anand Rathi group now in Bangalore
Bangalore: Financial services provider, Anand Rathi Group, has set up its regional office in Bangalore. According to a company release the new office would seek to deepen its business in the city with mandates for private placement and lead manage initial share sales.
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domain-B : Indian business : News Review : 11 June 2004 : markets