news


Midcaps are where the bets are
Sensex closes flat
Mumbai: Benchmark BSE index Sensex ended the session with just a minor gain of 3.78 points today. At the National Stock Exchange, the 50 stock Nifty index closed with a gain of 0.26 per cent or 3.95 points at 1518.30.

Market Gainers
Hero Honda, Maruti Udyog, Hindustan Petroleum Corporation, Hindustan Lever, Grasim Industries, Gujarat Ambuja Cement, Reliance Energy, Zee Telefilms, Cipla, Tisco, ITC, Reliance Industries, ONGC, Bharti Televenture, BHEL, Bajaj Auto, Ranbaxy Laboratories, HDFC Bank, IDBI, Bharat Petroleum Corporation, Chennai Petro, Bharat Electronics, Shipping Corporation of India, Bharat Earth Movers, GAIL India, National Fertilizers, Neyveli Lignite Corporation, Mangalore Refineries, SAIL, Engineers India, Indian Overseas Bank, UTI Bank, Punjab National Bank, Oriental Bank of Commerce, NIIT Zensar Technologies, KPIT Cummins Infosystems, Hinduja TMT, i-Flex Solutions, TVS Electronics, Blue Star Infotech, Kale Consultants, Polaris, Hughes Software, Moser Baer, Hexaware Technologies, HCL Infosys, Philips Carbon, Opto Circuit, Gujarat State Fertiliser, Sintex, IDBI, GE Shipping, LIC Housing Finance

Market Losers
Wipro, Satyam Computers, State Bank of India, HDFC, Tata Power, Hindalco, Dr. Reddy's Laboratories, Madras Fertilizers, Nalco, Corporation Bank, Bank of Baroda, State Bank of Bikaner, J&K Bank, Subex Systems, Aftek Infosys, Patni Computers, CMC, Nucleus Software, Tata Infotech, E-Serve International, SSI, Tata Elxsi, IGate Global Solutions, Mastek, Kalyani Brakes, Eveready Industries, Malwa Cotton, TVS Motors, Jaiprakash Associates, Valecha Engineering, Dal-Chi Karkaria, K Sera Sera, Alstom Projects, IPCA Labs, Revathi Equipment

Market Counters
Figures in Rupees
Gins (+) / Loss (-)

ACC

240.60

-0.35

BAJAJ AUTO LIMITED

902.55

+3.30

BHARAT HEAVY ELECTRICALS

503.90

+1.60

BHARTI TELEVENTURES

137.60

+0.55

CIPLA LIMITED

217.05

+2.40

DR. REDDY'S LABORATORIES

731.95

-11.65

GRASIM INDUSTRIES LIMITED

993.60

+27.50

GUJARAT AMBUJA CEMENTS LTD

284.05

+3.20

HDFC BANK LIMITED

369.40

+0.10

HERO HONDA MOTORS LIMITED

508.10

+19.60

HINDALCO INDUSTRIES LIMITED

1,013.70

-6.35

HINDUSTAN LEVER LIMITED

129.70

+2.10

HINDUSTAN PETROLEUM CORP

334.25

+12.00

HOUSING DEVELOPMENT FINANCE

532.80

-10.65

ICICI BANK LTD

248.65

-4.10

INFOSYS TECHNOLOGIES LTD

5,587.40

-11.55

ITC LTD

876.35

+4.20

LARSEN & TOUBRO LIMITED

671.95

+15.20

MAHANAGAR TELEPHONE NIGAM

124.85

-0.15

MARUTI UDYOG LTD

396.25

+4.15

OIL & NATURAL GAS CORP LTD

631.25

+0.65

RANBAXY LABORATORIES LTD

922.25

+1.35

RELIANCE ENERGY LTD

572.75

+18.10

RELIANCE INDUSTRIES LIMITED

443.25

+1.65

SATYAM COMPUTER SERVICES LTD

309.50

-6.10

STATE BANK OF INDIA

428.50

-4.85

TATA IRON & STEEL CO LTD

305.60

+2.65

TATA MOTORS LTD

381.60

-2.60

TATA POWER COMPANY LIMITED

232.60

-2.60

WIPRO LTD

541.10

-15.35

ZEE TELEFILMS LIMITED

125.45

+1.40


Others
ICICI Bank down by 2.6 per cent at Rs 248.65
IndusInd Bank up 3.5 per cent at Rs 58
Vimta Labs up 6.63 per cent at Rs 319.45
Sintex Industries up 11.41 per cent at Rs 119.15
IDBI up 11.8-per cent at Rs 37.60
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Hutch to go in for Rs 1,500 crore IPO at year end
New Delhi: Cellular service provider Hutchison Essar is planning to raise about Rs 1,500 crore through an initial public offering by the end of the year. The company plans to offload 10 per cent of its equity to the public in one of the biggest float in the telecom sector.

Hutchison is planning to expand its services in three more circles to take its cellular network to 14 circles by the end of year. As a precursor to the IPO, Hutch has moved the Foreign Investment Promotion Board to consolidate group companies under a single entity.
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Kotak Mahindra MF launches fund of funds
Mumbai: Kotak Mahindra Mutual Fund has launched the Kotak Equity Fund of Funds (FoF). Kotak Equity FoF is a multi manager fund of funds that will invest in diversified equity schemes. Its portfolio will comprise both large caps and aggressive diversified equity schemes across all mutual fund houses in India.

Kotak Securities, the designated agency to the fund, will periodically provide independent and objective recommendations about equity schemes. No more than 25 per cent of the fund will be invested in any one scheme, according to the offer document of the fund. The initial public offer for the fund will remain open from July 1 - 19. The fund charges an entry load of 2.25 per cent.
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domain-B : Indian business : News Review : 30 June 2004 : markets