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Oil & power sectors take a beating
Mumbai:
The Sensex dipped below the 4,800 levels and ended at 4788.80 points with a loss of 0.5 per cent. Nifty too ended with a loss of 0.4 per cent at 1494.75.

Market Gainers
ONGC, BHEL, Bharat Electronics, Bharat Earth Movers, Alfa Laval, Lakshmi Machine Works, MphasiS BFL, Hinduja TMT, Hexaware, Moser Baer, ING Vysya Bank, Kotak Mahindra, ICICI Bank, Hindustan Dorr Oliver, Multi-Arc, Welspun Gujarat Stahl Rohren, Berger Paints, Pritish Nandy Communications, Hindustan Composites

Market Losers
HPCL, BPCL, IOC, Tata Steel, Steel Authority of India Ltd, Jindal Steel, Essar Steel, Grasim Industries, ACC, Gujarat Ambuja, India Cement, Mysore Cement, HDFC, Cipla, MTNL, Tata Motors, Maruti Udyog

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

ACC

238.10

+1.85

Bajaj Auto

892.00

+2.45

Bharti Televentures

137.55

-1.95

BHEL

460.85

+10.90

Cipla

224.15

-3.60

Dr Reddy

788.60

-6.95

GACL

271.70

+1.95

Grasim

935.00

+2.55

HDFC

589.10

-0.65

HDFC Bank

365.60

+4.80

Hero Honda

482.40

+6.70

Hindalco

964.75

+22.10

HLL

128.90

+1.10

HPCL

336.10

-8.25

ICICI Bank

252.60

+1.15

Infosys

5,084.35

+88.15

ITC

884.45

+6.25

Maruti

393.45

+3.30

MTNL

130.40

+3.90

ONGC

637.90

+3.50

Ranbaxy

997.75

+6.75

Reliance

451.00

+16.05

Satyam

292.05

+6.05

SBI

444.60

+4.95

Tata Motors

396.00

+8.70

Tata Power

237.70

+15.60

TISCO

287.85

+14.95

Wipro

1,487.65

+44.90

Zee Tele

128.25

+2.65

Other
MphasiS BFL up 4.26 per cent at Rs 244.3
Harissons Malayalam up 10.13 per cent at Rs 29.45
Jayshree Tea up 7.62 per cent at Rs 67.45
Great Eastern Shipping up 3.37 per cent at Rs 122.80
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Templeton MF to merge schemes
Kolkata: Templeton Mutual Fund will merge two of its schemes, FT India Asset Allocation Fund and FT India PE Ratio Fund, into FT India Life Stage Fund of Funds and FT India Dynamic PE Ratio Fund of Funds, respectively. Each of the five plans offered under the asset allocation product will move into a matching option worked out by the Life Stage FoF. The growth, dividend and dividend reinvestment choices under each plan (of the merging fund) will be merged into the equivalent options, Templeton MF announced.

It had also announced that the record date for the mergers had been set for July 16. It also pointed out that the market regulator had cleared the proposal. An exit option has been provided to investors, which needs to be exercised by July 16. FT India PE Ratio Fund, which will move into FT India Dynamic PE Ratio FoF, has delivered 13.7 per cent since launch (February 2000).
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domain-B : Indian business : News Review : 17 June 2004 : markets