Tatas bask under TCS sun as market runs for cover
Mumbai: The Sensex closed at 4,832.71 points, 111.93 points lower than its previous day's close. The Nifty closed at 1,508.45 points, a fall of 36.30 points over its previous close.

Market Gainers
Hero Honda, Baja Auto, Divi's Labs, Britannia Industries, CMC, Ansal Properties, Sterlite Optical, Financial Technologies

Market Losers
Infosys Technologies, Satyam Computer, Tata Motors, Tata Steel, Tata Power, Veejay Lakshmi, Geojit Securities, Blue Dart Express, GE Shipping, NIIT, Tata Motors, Tata Steel, Tata Power, BPCL, HPCL, Indian Oil, Bongaigaon Refinery, Kochi Refinery

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

ACC	245.20	-2.30
Bajaj Auto	895.45	+5.45
Bharti Televentures	141.80	-8.25
BHEL	455.45	-4.85
Cipla	228.55	-3.50
Dr Reddy	806.30	-9.60
GACL	283.30	-6.70
Grasim	996.25	-19.40
HDFC	605.40	-7.35
HDFC Bank	359.95	-18.55
Hero Honda	474.50	+1.05
Hindalco	936.45	-9.75
HLL	129.00	-0.80
HPCL	347.85	-9.35
ICICI Bank	259.65	-7.50
Infosys	5,108.25	-162.30
ITC	891.75	-3.90
Maruti	388.75	-23.15
MTNL	130.20	-1.20
ONGC	637.65	-12.70
Ranbaxy	1,000.90	-5.55
Reliance	431.70	-15.90
Satyam	300.90	-8.60
SBI	468.25	-11.85
Tata Motors	393.45	-12.00
Tata Power	230.90	-8.20
TISCO	289.95	-8.75
Wipro	1,479.50	-43.75
Zee Tele	125.35	-4.30

Others
IBP up by Rs 25.15 to end at Rs 487.55
IVRCL Infrastructures down by eight per cent to end at Rs 182.35
Tata Investment Corporation up 9.92 per cent at Rs 204.45
Indian Hotels up 0.6 per cent at Rs 343.90),
Tata Honeywell up 1.17 per cent at Rs 353.60
Tata Finance up 19.87 per cent at Rs 37.70
Tata Tea up 0.34 per cent at Rs 336.30
CMC up 1.82 per cent at Rs 473.20
Tata Elxsi up 3.47 per cent at Rs 102.90
Tata Infotech up 7.05 per cent at Rs 374.20
HPCL down 2.56 per cent at Rs 347.95
BPCL down 2.30 per cent at Rs 352.10
IOC down 3 per cent at Rs 384.45
Bongaigaon Refineries down 2.80 per cent at Rs 60.65
Praj Industries up 4.98 per cent at Rs 102.15
AFTEK Infosys up 2.95 per cent at Rs 75.10
Sintex Industries up 0.6 per cent at Rs 111.25
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Shriram Investments to issue shares
Chennai: Shriram Investments Ltd has informed the Bombay Stock Exchange of its board's decision to issue up to 23 lakh shares and 31 lakh shares respectively, to Reliance Capital Ltd and Shriram Chits & Investments Pvt. Ltd. The shares have a face value of Rs 10 each. The issue price will be determined in accordance with the SEBI guidelines.
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Franklin Templeton merges schemes
Mumbai: Franklin Templeton Asset Management is merging schemes with similar investment plans. The company has also introduced a long-term option to its Government securities fund.
The Templeton India Government Securities Fund (TGSF)-Long-Term Plan would be available in quarterly dividend, growth and bonus options, according to the addendum to the offer document. The FT India Gilt fund (FTIGF) is also being merged into the long-term plan. This would be effective from July 9, 2004.

Also, the Franklin Templeton India Gilt Fund is being merged with the Templeton Government Securities Fund-Treasury Plan and accordingly the growth and dividend plans of the TGSF fund are being renamed as TGSF-Composite Plan. In the balanced fund category, FT India Balanced Fund (FTIBF) and Franklin Indian Balanced Fund (FIBF) are being merged. The date of merger for all schemes is July 9, 2004.
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