|
Markets: Setting it up for Budget day
Mumbai: The Sensex opened weak at 4810.42 points, and closed at 4746.01 points. On the NSE, the 50-stock index Nifty, fell by 27.1 points (1.8 per cent) to 1481.35 points.
Market Gainers
Reliance Industries
Market Losers
Vijaya Bank, Dena Bank, Jammu & Kashmir Bank, Infosys Technologies, ICICI Bank, Gujarat Ambuja Cement, Grasim Industries, Tata Steel, State Bank of India, SAIL, Jindal Iron, Essar Steel Market Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC | 236.25 | -8.95 | | Bajaj Auto | 892.00 | -3.45 | | Bharti Televentures | 139.50 | -2.30 | | BHEL | 449.95 | -5.50 | | Cipla | 227.75 | -0.80 | | Dr Reddy | 795.00 | -11.30 | | GACL | 269.75 | -13.55 | | Grasim | 932.45 | -63.80 | | HDFC | 589.75 | -15.65 | | HDFC Bank | 360.80 | +0.85 | | Hero Honda | 475.70 | +1.20 | | Hindalco | 942.65 | +6.20 | | HLL | 127.80 | -1.20 | | HPCL | 344.35 | -3.50 | | ICICI Bank | 251.45 | -8.20 | | Infosys | 4,996.20 | -112.05 | | ITC | 878.20 | -13.55 | | Maruti | 390.15 | +1.40 | | MTNL | 126.50 | -3.70 | | ONGC | 634.40 | -3.25 | | Ranbaxy | 991.00 | -9.90 | | Reliance | 434.95 | +3.25 | | Satyam | 286.00 | -14.90 | | SBI | 439.65 | -28.60 | | Tata Motors | 387.30 | -6.15 | | Tata Power | 222.10 | -8.80 | | TISCO | 272.90 | -17.05 | | Wipro | 1,442.75 | -36.75 | | Zee Tele | 125.60 | +0.25 | Others
Eveready Industries down 1.5 per cent to Rs 28.95
Precision Wires India down 1.5 per cent to Rs 39.9
Hughes Software down 0.8 per cent to Rs 512.9
Satnam Overseas down 3.3 per cent to Rs 65.5
TV18 up 9 per cent at Rs 158.10
SBI down 6.11 per cent at Rs 439.65
IOB down 5.62 per cent at Rs 42.85
Bank of India down 2.86 per cent at Rs 49.30
Grasim down 6.40 per cent at Rs 932.45
Kopran up 3.26 per cent at Rs 47.50
Tisco down 5.86 per cent at Rs 272.95
Jindal Iron and Steel down 7 per cent at Rs 140.10
Uttam Galva Steels Ltd down 6.85 per cent at Rs 11.55
Bhushan Steel and Strips down 1.40 per cent at Rs 77.25
SAIL down 8.46 per cent at Rs 26.50
AP Paper down 3.75 per cent at Rs 77.05
Back to News Review index page Flextronics offers Rs 548 for open shares of HSS
New Delhi: Flextronics International has priced its open offer for 20 per cent of the paid-up equity capital of Hughes Software Systems (HSS) at Rs 548 a share. The open offer will open on July 30 and close on August 30. The last date for revising the offer price and number of shares is August 19. Flextronics acquired HSS from HNS for Rs 1,021.1 crore. HNS is a fully-owned subsidiary of Rupert Murdoch-controlled DirectTV.
As per guidelines of Securities and Exchange Board of India (SEBI), after the takeover of HSS, Flextronics had to come out with a public offer for acquiring 20 per cent stake amounting to 67,93,810 shares. For the open offer, Flextronics will have to spend Rs 372.3 crore. The price Flextronics has offered to pay per share for the open offer tops the average of weekly high and low of the closing prices of HSS, at Rs 547.93, during the 26 weeks preceding the offer.
Back to News Review index page
|
