news


Markets tumble some more
Mumbai:
The BSE Sensex, which fell 77 points on Wednesday, went down a further 35 points, to close the trading session at 5139 points. The Nifty declined by 15 points to close at 1607.20, down from its previous close of 1621.60 points.

Market Gainers
HDFC, ACC, Bharti Tele-Ventures, Cipla, MTNL, BHEL, Hughes Software, iGATE Solutions, Natco Pharma, Lupin, Glenmark Pharma, Astra Zeneca Pharma, Dishman Pharmaceuticals

Market Losers
Tata Motors, Hindalco, HPCL, Wipro, Dr Reddys, ONGC, Sun Pharma, Dabur, MphasiS BFL, NIIT, Patni Computers, Infosys, Satyam, Dr.Reddys, Sun Pharma, Oudh Sugar, Dhampur Sugar, Sakthi Sugars

Market Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
ACC
256.35
+1.85
Bajaj Auto
871.45
-5.25
Bharti Televentures
158.50
+1.10
BHEL
562.70
+2.95
Cipla
244.05
+0.40
Dr. Reddys Laboratories
761.95
-15.00
Grasim Industries
1,007.25
-14.55
Gujarat Ambuja
295.90
-2.20
HDFC
570.55
+7.00
HDFC Bank
371.00
-1.80
Hero Honda Motors
444.35
-5.70
Hindalco Industries Limited
1,091.00
-30.50
Hindustan Petroleum Corp
308.20
-7.55
HLL
114.15
-0.35
ICICI Bank
276.95
-0.15
Infosys Technologies
1,499.50
-3.85
ITC
1,042.45
-3.10
Larsen & Toubro Limited
792.80
+26.25
Maruti Udyog
393.70
-7.95
MTNL
128.85
+0.20
ONGC
676.70
-8.65
Ranbaxy Labs
977.30
-0.45
Reliance Energy
588.15
-0.10
Reliance Industries
475.35
-4.55
Satyam Computer Services
337.15
-4.95
State Bank Of India
442.05
-5.05
Tata Motors
409.15
-12.85
Tata Power
265.90
-0.95
TISCO
257.95
-0.65
Wipro
543.80
-12.80
Zee Telefilms
132.55
+0.30

Others
BHEL up 0.50 percent at Rs.562.60
iGATE up 6 per cent at Rs.240
KEC International down Rs.1.75 at Rs.85.45
Saw Pipes up Rs.1.7 at Rs.186.75
Sintex India up 2.30 per cent at Rs.184.45
Glenmark Pharma up 3.75 per cent at Rs.175.15
Orchid Chemicals & Pharmaceuticals up 14.06 per cent at Rs.201.65
Radico Khaitan up 3 per cent at Rs.140
Back to News Review index page  

Crew B.O.S. announces IPO of Rs.14 crore
New Delhi: Fashion accessories company Crew B.O.S. has announced an initial public offering to raise Rs.14 crore by floating 40 lakh shares of Rs.10 each at a premium of Rs.25. Of these, five lakh shares will be picked up by promoters at the same offer price. The proceeds of this IPO will be used for capacity expansion of existing manufacturing facilities of fashion and travel bags, belts, wallets and other home products. Part of the proceeds will also be utilised for setting up a retail outlet at Gurgaon. The equity shares of Crew B.O.S. are proposed to be listed on the BSE and NSE, with the issue opening on August 19.
Back to News Review index page  

HDFC Mutual to launch equity-linked schemes
Bangalore: HDFC Mutual Fund plans to launch two equity-linked products next month. One of the proposed funds is called Core-Satellite fund, where 60 per cent of the portfolio will be invested in liquid and mostly large-cap stocks and the remaining 40 per cent will be invested in more illiquid mid-cap stocks where returns are expected to be higher.

The second proposed fund called Multiple Yield product where 85 per cent of the portfolio will be invested in debt instruments with one-year maturity period and the remaining 15 per cent will be in equities that tend to offer 4 per cent to 8 per cent dividend return over 14-18 months.

HDFC Mutual Fund manages close to Rs.16, 000 crore of assets has invested Rs.3, 500 crore in equities. The mutual fund has also announced its pact with state-owned Canara Bank under which select 60 bank branches will sell HDFC mutual fund products. The branches offering such services will swell to 150 by March-end.
Back to News Review index page  


 search domain-b
  go
 
domain-B : Indian business : News Review : 13 August 2004 : markets