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Markets:
Positive ending to a busy day
Mumbai: The 30-share benchmark Sensex closed at
over 50 points to 5,120 while the Nifty closed at 1,618,
up over 24 points.
Market
Gainers
ICICI Bank, State Bank of India, Andhra Bank, HPCL, BPCL,
ONGC, MRPL, IOC, Chennai Petroleum, Tata Steel, SAIL,
Jindal Steel, Jindal Vijaynagar Steel, Monnet Ispat, Bhushan
Steel, Kirloskar Ferrous, Tata Sponge Iron, Tata Metalliks,
Nava Bharat Ferro Alloys, Vesuvius India, BF Utilities,
BPL, Videocon International, MIRC Electronics, Subex Systems,
Infosys, Wipro, Satyam, MphasiS, BFL, Hinduja TMT, Nestle
India, Tata Tea, Procter & Gamble, Colgate Palmolive,
McDowell, Jagatjit Industries, Tata Coffee, Ruchi Soya,
India Glycols
Market Losers
Bank of India, Kochi Refineries, Polaris Software, HCL
Technologies, Tata Infotech, HLL
Market
Counters
BSE
30
Figures in Rupees
Gain (+) / Loss (-)
|
ACC
|
234.10
|
+0.90
|
|
Bajaj
Auto
|
812.75
|
+3.75
|
|
Bharti
Televentures
|
149.25
|
-0.70
|
|
BHEL
|
537.75
|
+22.95
|
|
Cipla
|
250.15
|
+8.40
|
|
Dr.
Reddys Laboratories
|
771.35
|
+26.30
|
|
Grasim
Industries
|
964.55
|
+0.60
|
|
Gujarat
Ambuja
|
270.95
|
+1.25
|
|
HDFC
|
573.85
|
-1.65
|
|
HDFC
Bank
|
375.35
|
+3.55
|
|
Hero
Honda Motors
|
417.55
|
16.15
|
|
Hindalco
Industries Limited
|
1,064.95
|
+6.40
|
|
Hindustan
Petroleum Corp
|
317.50
|
+5.15
|
|
HLL
|
118.20
|
-3.65
|
|
ICICI
Bank
|
264.20
|
+6.05
|
|
Infosys
Technologies
|
1,533.65
|
+25.70
|
|
ITC
|
1,045.65
|
+11.10
|
|
Larsen
& Toubro Limited
|
792.80
|
+26.25
|
|
Maruti
Udyog
|
416.90
|
-2.80
|
|
MTNL
|
129.85
|
+2.15
|
|
ONGC
|
707.45
|
+23.60
|
|
Ranbaxy
Labs
|
952.40
|
-19.15
|
|
Reliance
Energy
|
580.05
|
+1.15
|
|
Reliance
Industries
|
474.35
|
+3.85
|
|
Satyam
Computer Services
|
333.75
|
+4.20
|
|
State
Bank Of India
|
445.65
|
+12.60
|
|
Tata
Motors
|
405.45
|
-10.80
|
|
Tata
Power
|
257.80
|
+2.55
|
|
TISCO
|
392.65
|
+11.90
|
|
Wipro
|
541.25
|
+14.40
|
|
Zee
Telefilms
|
143.45
|
+0.40
|
Others
India
Glycols up 7.33 per cent at Rs.88.55
GAIL
up 5.25 per cent at Rs.96.50
Nestle
India Ltd. up 2.15 per cent at Rs.519.90
IDBI
Bank up 20 per cent at Rs.50.55
IDBI's
up 5.7 per cent at Rs 66.75
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SEBI
issues norms for IDR
Mumbai: As part of the disclosure requirements
for offer documents of companies seeking to issue Indian
Depository Receipts (IDRs), the SEBI has said that companies
proposing to issue IDRs should not have been prohibited
to issue securities by the regulatory body applicable
to them and should have a good track record with respect
to compliance with securities market regulations. According
to SEBI, only Qualified Institutional Buyers(QIBs) and
investors who would invest Rs.5 lakh in such issues would
be allowed to invest in IDRs. The minimum size of an IDR
issue should not be less than Rs.50 crore, SEBI says.
Also,
if the company does not receive the minimum subscription
of 90 per cent of the issued amount on the date of closure
of the issue, (or if the subscription level falls below
this level after the closure of issue on account of returned
cheques, withdrawal of applications etc.) the company
should refund the entire subscription amount received.
The offer document for an IDR issue should contain financial
details of the company including capital structure, use
of proceeds, audited financial statements and details
of the securities market of the country of incorporation.
Risk
factors, forward looking statements, minimum subscription
expected, nature of the IDR should also be clearly stated
in the offer document, according to the circular.
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TCS
IPO bids come in at the lower end
Mumbai: The initial public offer of Tata Consultancy
Services opened on Thursday with bids received for 5.05
crore shares out of the 5.54 crore on offer. According
to data from the stock exchanges the maximum number of
bids have been received at around the Rs.800 range, towards
the lower end of the band. At Rs.900, the higher end of
the price band, only 2.6 lakh shares have been bid.
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Tata MF plans core sector fund
Kolkata: The Tata Mutual Fund has lined up a scheme
to invest in the infrastructure sector chosing the BSE
Sensex as its benchmark, according to its offer document
sent to the SEBI for clearance.
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