news

Markets down but register higher turnovers
Mumbai: The benchmark BSE Sensex closed the last trading day of the week on a weak note. The index was down 69.89 points (1.44 per cent) closing at 4769.99 points. On the NSE, the S&P CNX Nifty fell by 20.85 points (1.38 per cent) to 1491.2 points.

Market Gainers
Infosys Technologies, State Bank of Mysore, Bank of Baroda, UTI Bank, Ramco Systems, Dhampur Sugar, Tata Finance

Market Losers
Reliance Industries, ICICI Bank, ITC, Hindustan Lever, MTNL, ONGC, State Bank of India, SB&T International, Ranbaxy Labs, Blue Dart Express, Bharat Forge, Andhra Bank

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

ACC

229.80

-2.80

Bajaj Auto

899.10

-1.40

Bharti Televentures

135.10

-0.30

BHEL

488.45

+10.45

Cipla

210.90

+0.45

Dr Reddy

753.35

-1.60

GACL

260.65

-4.80

Grasim

915.35

-14.85

HDFC

563.45

+1.45

HDFC Bank

375.15

+0.15

Hero Honda

472.60

-0.35

Hindalco

919.70

-23.35

HLL

126.80

-1.80

HPCL

327.60

-5.75

ICICI Bank

258.40

-4.40

Infosys

5,264.90

+60.90

ITC

867.40

-24.00

Maruti

392.75

-6.65

MTNL

126.05

-5.10

ONGC

644.40

-17.90

Ranbaxy

909.20

-55.80

Reliance

444.80

-9.50

Satyam

293.80

-3.90

SBI

437.45

-11.65

Tata Motors

397.50

-4.35

Tata Power

237.00

-2.90

TISCO

280.30

-8.50

Wipro

1,513.15

+9.30

Zee Tele

132.25

-2.85

Others
Jagsonpal Pharma up by 4.5 per cent at Rs 223.85
Ashok Leyland up 1.7 per cent to Rs 120.3
i-flex Solutions up 1.3 per cent to Rs 557.5
Bata India up 1.6 per cent to Rs 53.55
Neuland Labs down 3.4 per cent to Rs 133.25
Polyolefins Rubber Chemicals down 1.3 per cent to Rs 82
Tata Elxsi up 0.54 per cent at Rs 101.75
BHEL up 2.19 per cent at Rs 488.45
Back to News Review index page   

SEBI orders Information Tech to transfer records
Mumbai: The Securities and Exchange Board of India (SEBI) has directed Information Technologies (India) Ltd, a category II share transfer agent, to transfer the records of its existing client to another agency or the client companies concerned, according to a SEBI order. The Board had ordered an inspection of the company's books, however, the inspection team could not trace the transfer agent at any of its addresses. Based on investigations conducted by SEBI for alleged involvement in the price manipulation of its scrip, SEBI has debarred the entity and its promoters from accessing the capital market for a period of one year.The transfer is to be effected within 21 days of the order dated June 14, 2004.
Back to News Review index page  

Consumer forum urges transfer of IE&PF to SEBI
New Delhi: The Consumer Education and Research Centre (CERC), Ahmedabad, has requested the Union Finance Minister, P. Chidambaram, to transfer the Investors' Education & Protection Fund (IE&PF) to the Securities and Exchange Board of India (SEBI) from the Department of Company Affairs (DCA). The Fund was created with the unclaimed and unpaid dividend amounts, application money and deposits with companies lying unutilised for over seven years with the DCA.

The Fund was set up under Section 205 C of the Companies Act, 1999. A committee set up under the chairmanship of Dr N.L. Mitra in its report suggested that since SEBI had been constituted specially to protect the interest of the investors, the Fund should be administered by SEBI.The committee recommended that the Companies Act be repealed and similar changes be incorporated in the SEBI Act to transfer the Fund.
Back to News Review index page   


 search domain-b
  go
 
domain-B : Indian business : News Review : 19 June 2004 : markets