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NPAs traditionally less in Agricultural sector than in the Industrial sector
Markets: Tilting at windmills

Mumbai: The BSE Sensex declined 31 points from its previous close of 4769 points and ended the day at 4738.62 points. The Nifty ended the day at 1482 points down nine points from its previous close of 1491.20 points.

Market Gainers
Wipro, Hindalco, Hero Honda, Infosys, BHEL, UTI Bank, Infosys, I-flex HDFC, Britannia Industries, Bajaj Auto

Market Losers
SBI, Ranbaxy, Zee telefilms, Maruti and Bharti Tele-Ventures, Andhra Bank, Bank of Baroda, SBI, Ranbaxy, Dr Reddys, Cipla, Heritage Foods, Jindal Steel

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

ACC

230.75

+0.95

Bajaj Auto

900.05

+0.95

Bharti Televentures

130.90

-4.20

BHEL

495.55

+7.10

Cipla

207.25

-3.65

Dr Reddy

733.55

-19.80

GACL

257.20

-3.45

Grasim

923.30

+7.95

HDFC

570.35

+6.90

HDFC Bank

377.55

+2.40

Hero Honda

482.50

+9.90

Hindalco

943.20

+23.50

HLL

127.90

+1.10

HPCL

330.20

+2.60

ICICI Bank

255.80

-2.60

Infosys

5,348.20

+83.30

ITC

860.00

-7.40

Maruti

379.60

-13.15

MTNL

123.15

-2.90

ONGC

643.40

-1.00

Ranbaxy

878.00

-31.20

Reliance

434.95

-9.85

Satyam

286.90

-6.90

SBI

416.20

-21.25

Tata Motors

390.70

-6.80

Tata Power

231.30

-5.70

TISCO

278.05

-2.25

Wipro

1,568.55

+55.40

Zee Tele

127.80

-4.45

Others
I-flex up Rs 8.5 at Rs 566
Nalco up 2.11 per cent at Rs 128.10
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NTPC files draft prospectus for IPO
New Delhi: The NationaL Thermal Power Corporation (NTPC), a wholly Government-owned company, today filed the draft prospectus with the Securities and Exchange Board of India (SEBI) for enhancing its equity by 5.25 per cent through an initial public offer (IPO).

As part of the IPO, NTPC would issue 43.29 crore shares having a face value of Rs 10 each, according to officials. Of the proposed 5.25 per cent equity, 0.25 per cent, comprising 2 crore shares, would be offered to the NTPC employees.

Post-IPO, the Government's stake in NTPC would come down to 94.75 per cent. NTPC has mandated three merchant bankers, including Kotak Mahindra and ICICI Securities, to act as lead managers for its IPO. Enam Financials has been appointed as the third joint lead manager-cum-book runner.
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FTSE includes 13 cos in India indices
Mumbai: FTSE, the London-based independent global index company, has made several changes in the FTSE India All World and FTSE India Global SmallCap indices from today. As part of the changes, FTSE has included 13 companies in the indices and increased the weightage for existing nine companies. The companies that have been included in the index are: SBI, ICICI Bank, Tata Motors, Satyam Computers, Hero Honda, Zee Telefilms, Sun Pharmaceuticals, Gujarat Ambuja Cement, ACC, Container Corporation of India, Moser-Baer, Asian Paints and NIIT.

The companies in which the investability weights have been increased are: Reliance Industries (from 30 per cent to 49 per cent), HLL (30 pc to 40 pc), Infosys (7 pc to 49 pc), Ranbaxy (7 pc to 30 pc), HDFC (14 pc to 74 pc), Dr Reddy's Laboratories (30 pc to 49 pc), HDFC Bank (30 pc to 49 pc), i-flex Solutions (50 pc to 60 pc) and Punjab Tractors (30 pc to 50 pc). FTSE Group is an independent company whose sole business is the creation and management of indices and associated data services.
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domain-B : Indian business : News Review : 22 June 2004 : markets