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Markets:
Over the hump
Mumbai: The
benchmark BSE Sensex rose 60.53 points closing at 5054.29.
The 50-stock index, the S&P CNX Nifty rose 16.7 points
to 1598.1.
Market Gainers
Reliance Industries, Infosys Technologies, ICICI Bank,
ONGC, HDFC, State Bank of India, Bharti Tele, Hindustan
Petroleum, MTNL, Canara Bank, Union Bank, Bank of India,
Andhra Bank, UCO Bank, SSI, Aptech, Sintex Industries,
Power Trading, Dishman Pharma, Essar Shipping, Tata Steel,
SAIL, Jindal Iron & Steel, Uttam Galva, State Bank
of India (SBI), Bharti Televentures
Market Losers
Mahindra
& Mahindra, TVS Motor, Escorts, Maruti Udyog, Hero
Honda
Market Counters
BSE 30
Figures
in Rupees
Gain (+) / Loss (-)
|
ACC
|
228.85
|
-3.00
|
|
Bajaj
Auto
|
844.65
|
+5.75
|
|
Bharti
Televentures
|
164.65
|
+7.50
|
|
BHEL
|
552.10
|
+8.20
|
|
Cipla
|
241.15
|
+0.65
|
|
Dr.
Reddys Laboratories
|
768.05
|
-2.20
|
|
Grasim
Industries
|
957.95
|
-1.05
|
|
Gujarat
Ambuja
|
264.35
|
-7.25
|
|
HDFC
|
599.35
|
+32.65
|
|
HDFC
Bank
|
369.75
|
+0.60
|
|
Hero
Honda Motors
|
437.40
|
-3.60
|
|
Hindalco
Industries Limited
|
1,063.75
|
+8.20
|
|
Hindustan
Petroleum Corp
|
304.40
|
+9.95
|
|
HLL
|
120.20
|
-1.45
|
|
ICICI
Bank
|
262.70
|
+0.20
|
|
Infosys
Technologies
|
1,442.00
|
+4.90
|
|
ITC
|
982.75
|
-9.75
|
|
Larsen
& Toubro Limited
|
792.80
|
+26.25
|
|
Maruti
Udyog
|
421.90
|
-4.65
|
|
MTNL
|
137.35
|
+4.05
|
|
ONGC
|
703.35
|
+3.85
|
|
Ranbaxy
Labs
|
977.40
|
+2.90
|
|
Reliance
Energy
|
586.00
|
+9.60
|
|
Reliance
Industries
|
454.80
|
+20.35
|
|
Satyam
Computer Services
|
332.20
|
-2.00
|
|
State
Bank Of India
|
463.25
|
+22.30
|
|
Tata
Motors
|
401.05
|
-2.30
|
|
Tata
Power
|
263.10
|
+6.30
|
|
TISCO
|
363.45
|
+6.80
|
|
Wipro
|
524.15
|
-0.15
|
|
Zee
Telefilms
|
134.25
|
+0.05
|
Others
Corporation Bank up 5.5 per cent at Rs 236.35
Jindal Stainless up 1.9 per cent to Rs 69.1
Arvind Mills down 4.9 per cent to Rs 73.6
Natco Pharma up 4.9 per cent to Rs 84.8
Precision Wires India up 3.2 per cent at Rs 44.65
Investment Precision & Castings up 1.9 per cent to
Rs 380
Power Trading Corporation (PTC) up 7.8 per cent at Rs
53.90
Chambal Fertilizer down 2.81 per cent at Rs 20.75
Deepak Fertilizer down 1.87 per cent at Rs 31.50
GSFC down 0.61 per cent at Rs 56.60
Madras Fertilizer down 2.74 per cent at Rs 13.50
Nagarjuna Fertilizer down 3.28 per cent at Rs 8.25
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SEBI
amends norms for employee stock options
Mumbai: The Securities and Exchange Board of India
(SEBI) has amended the Employee Stock Option Scheme (ESOS)
and Employee Stock Purchase Scheme (ESPS) guidelines after
incorporating the recommendations of the committee set
up by it and reviewing the public comments, stated a SEBI
circular.
The amendments include provisions of mandatory disclosures
of employee compensation cost using fair value of employee
stock option and purchase schemes. Amongst other modifications,
the guideline specifies, the market price means the latest
available closing price, prior to the date of the company's
board meeting in which options are granted or shares are
issued on stock exchanges.
If
the shares are listed on more than one stock exchange,
then the exchange where there is highest trading volume
on the said date should be considered. Shares arising
after the initial public offer (IPO), from options granted
under any ESOS framed prior to its IPO, should be listed
immediately on stock exchanges where the equity shares
of the company are listed. The report, prepared by the
SEBI Committee on ESOP and chaired by J.R. Varma, was
put up for public comments in April.
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