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Markets: Inflation outlook is the dampener
Mumbai:
The BSE Sensitive Index was at 5196.9 points, a loss of about one per cent. The Nifty ended the day 1633.4 points, down 21.5 points.

Market Gainers
Jindal Strips, Grasim, ACC, Gujarat Ambuja Cements, Madras Cements, India Cements, Jaiprakash Associates, Balrampur Chini, Sundaram Finance, Raymond, Ashok Leyland, Sterlite Industries, Hotel Leela Venture

Market Losers
ONGC, Reliance, SBI, Infosys, Wipro, Tata Steel, SAIL, Essar Steel, Ispat Industries, Jindal Vijayanagar, Maruti, Tata Motors, Sundaram Clayton, MICO, India Nippon Electricals, Amtek Auto, Sundram Fasteners, Bannari Amman, Bajaj Hindusthan, Upper Ganges Sugar, Thiru Arooran Sugars, Balaji Telefilms, Zee Telefilms, Padmalaya Telefilms, ETC Networks, Mukta Arts, VSNL, Bank of Baroda, Jay Bharat Maruti, Motherson Sumi Sytems, TVS Motor

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

ACC
257.45 +4.20
Bajaj Auto
854.55 +12.65
Bharti Televentures
149.00 -1.30
BHEL
555.75 +5.75
Cipla
243.20 -0.70
Dr. Reddys Laboratories
773.10 -1.30
Grasim Industries
1,039.90 +16.15
Gujarat Ambuja
303.40 +2.75
HDFC
571.15 -2.50
HDFC Bank
366.25 -3.45
Hero Honda Motors
452.25 +4.60
Hindalco Industries Limited
1,052.00 +15.00
Hindustan Petroleum Corp
320.75 -7.75
HLL
116.15 -0.65
ICICI Bank
272.55 -6.40
Infosys Technologies
1,526.30 -30.65
ITC
1,045.90 -1.45
Larsen & Toubro Limited
792.80 +26.25
Maruti Udyog
399.70 -14.25
MTNL
127.55 -2.40
ONGC
718.00 -20.60
Ranbaxy Labs
944.05 +14.40
Reliance Energy
578.95 -5.60
Reliance Industries
493.85 -9.10
Satyam Computer Services
344.40 -4.95
State Bank Of India
441.25 -6.35
Tata Motors
425.15 -10.70
Tata Power
263.35 -1.20
TISCO
403.75 -3.90
Wipro
550.80 -13.65
Zee Telefilms
134.85 -4.60

Others
Garden Silks Mills up 10.08 per cent at Rs 50.25
Abhishek Industries up 9.97 per cent at Rs.20.95
Alok Industries up 6.86 per cent at Rs.60
Malwa Cotton up 9.38 per cent at Rs.48.40
Aban Loyd Chiles up 4.30 per cent at Rs.850.45
Tourism Finance Corporation of India (TFCI) up 8.80 per cent at Rs.11.74
Godrej Consumer up 0.35 per cent at Rs.201
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SEBI: 80 percent interest waiver on registration fee
New Delhi: The Securities and Exchange Board of India (SEBI) have slashed the interest liability to be paid by stockbrokers on the unpaid portion of the turnover-based registration fee that was introduced in 2002. SEBI's proposal involves a one-time waiver of 80 per cent of the broking firm's interest liability if it pays the entire unpaid principal amount along with only 20 per cent of the interest liability.
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TCS public offer is oversubscribed ten times
Mumbai: The Tata Consultancy Services' IPO was oversubscribed by 10 times, according to data from the stock exchanges. Bids for 57.18 crore shares were received. According to merchant banking sources over 13 lakh retail applications have been received. The issue is expected to be priced between Rs.850 and Rs.875, the band at which maximum number of bids have come in.
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RBI: FIIs may buy Godrej Consumer shares
Mumbai: The Reserve Bank of India has said that foreign institutional investors can now purchase equity shares and convertible debentures of Godrej Consumer Products Ltd under the portfolio investment scheme through primary markets and stock exchanges in India up to a 35 per cent limit of its paid-up capital, with the company passing resolutions to this effect at its board of directors' and general body meetings.
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Templeton MF increases stake in Indian Rayon
Mumbai: Indian Rayon & Industries Ltd has informed the National Stock Exchange that Templeton Mutual Fund has through its various schemes acquired 4,10,360 shares of Indian Rayon & Industries Ltd taking its shareholding in the company to 7.06 per cent. Giving details of the acquisition, Indian Rayon said that Franklin India Bluechip Fund (FIBCF) acquired 4,10,360 shares of the company through market purchase.
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domain-B : Indian business : News Review : 07 August 2004 : markets