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Markets shed some points on value paring
Mumbai: The BSE Sensex shed 45.92 points to settle at 4795.46 points. The S&P CNX Nifty also lost ground, declining by 12.7 points to close at 1505.60 points.

Market Gainers
Colgate Palmolive, MTNL, Shipping Corporation of India, Punjab National Bank, Indian Hotels, Gail, Dabur, HCL Technologies, Reliance, HDFC, IDBI, Jindal Vijayanagar Steel, Ingersoll Rand, Pfizer, Siemens, Thermax, Ingersoll Rand, Larsen and Toubro, Siemens, Mahanagar Telephone Nigam

Market Losers
Reliance, Infosys Technologies, ICICI Bank, Hindustan Lever, ONGC, HDFC, Corporation Bank, Polaris Software, Indian Overseas Bank, Canara Bank, Vijaya Bank, Polaris Software, HCL Technologies, Wipro, Infosys Technologies, Satyam

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

ACC

243.00

+1.00

BAJAJ AUTO LIMITED

889.00

+4.45

BHARAT HEAVY ELECTRICALS

509.25

+7.40

BHARTI TELEVENTURES

136.60

+0.20

CIPLA LIMITED

210.50

-1.90

DR. REDDY'S LABORATORIES

732.00

-3.40

GRASIM INDUSTRIES LIMITED

1,007.25

-4.25

GUJARAT AMBUJA CEMENTS LTD

281.90

-2.55

HDFC BANK LIMITED

369.00

-0.70

HERO HONDA MOTORS LIMITED

498.00

-9.50

HINDALCO INDUSTRIES LIMITED

1,005.00

+7.00

HINDUSTAN LEVER LIMITED

127.00

-0.30

HINDUSTAN PETROLEUM CORP

333.50

-2.85

HOUSING DEVELOPMENT FINANCE

519.50

+2.35

ICICI BANK LTD

244.90

+0.50

INFOSYS TECHNOLOGIES LTD

1,365.00

-4,157.90

ITC LTD

886.15

-1.75

LARSEN & TOUBRO LIMITED

705.00

+7.95

MAHANAGAR TELEPHONE NIGAM

130.85

-1.10

MARUTI UDYOG LTD

398.10

-4.45

OIL & NATURAL GAS CORP LTD

648.90

+19.65

RANBAXY LABORATORIES LTD

902.60

-6.85

RELIANCE ENERGY LTD

568.10

+1.60

RELIANCE INDUSTRIES LIMITED

433.45

+3.85

SATYAM COMPUTER SERVICES LTD

306.30

+0.85

STATE BANK OF INDIA

436.25

+5.60

TATA IRON & STEEL CO LTD

296.50

-4.30

TATA MOTORS LTD

379.30

-0.90

TATA POWER COMPANY LIMITED

234.70

+2.70

WIPRO LTD

529.00

-3.05

ZEE TELEFILMS LIMITED

126.65

+0.55

Others
Opto Circuits up by Rs 4.7 at Rs 52.25
Pfizer up by Rs 19.65 at Rs 450.95
Himachal Futuristic (HFCL) up 9.66 per cent at Rs 8.40
Siemens up three per cent at Rs 881,
Colgate up 7.78 per cent at Rs 126.80
IDBI up 11.45 per cent at Rs 41.85
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Straight Through Processing system gets into motion
Mumbai: Institutional transactions in securities are expected to be quicker and cost-effective from Thursday as the Straight Through Processing (STP) system goes into action. STP has become mandatory for all institutional transactions in the equity market from July 1, 2004. The STP is a process-driven mechanism to control all elements of the workflow in a financial transaction that allows electronic capturing and processing of transactions in one pass from the point of origin to settlement.

STP was launched in India in November 2002 and is currently being used by market participants on a voluntary basis. Several STP providers have been providing service to market participants but there was no interoperability between them. The NSE has now set up the ST Central Hub to provide interoperability and ST providers connect to this hub for the purpose of sending and receiving messages between them.
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Hyderabad Stock Exchange trading to resume
Hyderabad: The trading activities at the Hyderabad Stock Exchange (HSE) would resume from Thursday with the exchange rectifying the technical snags in the server on Wednesday. The exchange officials had earlier informed that the trading operations got disrupted from June 16 onwards owing to technical problems.
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domain-B : Indian business : News Review : 01 July 2004 : markets