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Markets: Midcaps rule the roost
Mumbai:
The BSE Sensex, registered losses third day in a row, falling by 36.85 points (0.72 per cent) to close at 5103. The S&P CNX Nifty fell by 9 points (0.56 per cent) to 1598.2 points.

Market Gainers
Reliance Industries, ONGC, ACC, Gujarat Ambuja Cements, Grasim Industries, Prism Cement, Mysore Cements, Shree Digvijay Cement, Kakatiya Cement, India Cement, Madras Cements, Orchid Chemicals, Unichem Labs, Neuland Labs, Alembic, Suven Life Sciences, Mahavir Spinning, Madhucon Projects, Birla Corp, Vardhman Spinning, KSB Pumps

Market Losers
Hindustan Lever, Bharti Tele, MTNL, Tata Motors, Mahindra & Mahindra, Maruti Udyog, Escorts, Hero Honda, Bajaj Auto, Jain Irrigation, Apollo Tyres, iGate Global, Ballarpur Industries

Market Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
ACC
262.50
+6.15
Bajaj Auto
864.50
-6.95
Bharti Televentures
150.60
-7.90
BHEL
562.30
-0.40
Cipla
243.65
-0.40
Dr. Reddys Laboratories
740.50
-21.45
Grasim Industries
1,035.90
+28.65
Gujarat Ambuja
307.55
+11.65
HDFC
561.80
-8.75
HDFC Bank
364.10
-6.90
Hero Honda Motors
440.65
-3.70
Hindalco Industries Limited
1,097.70
+6.70
Hindustan Petroleum Corp
309.65
+1.45
HLL
110.50
-3.65
ICICI Bank
274.95
-2.00
Infosys Technologies
1,480.00
-19.50
ITC
1,018.75
-23.70
Larsen & Toubro Limited
792.80
+26.25
Maruti Udyog
387.25
-6.45
MTNL
124.10
-4.75
ONGC
691.05
+14.35
Ranbaxy Labs
959.35
-17.95
Reliance Energy
587.70
-0.45
Reliance Industries
476.80
+1.45
Satyam Computer Services
334.20
-2.95
State Bank Of India
445.70
+3.65
Tata Motors
400.80
-8.35
Tata Power
267.45
+1.55
TISCO
255.75
-2.20
Wipro
534.05
-9.75
Zee Telefilms
131.40
-1.15

Others
ITC Hotels up 20 per cent at Rs.162.
ITC down 2.3 per cent at Rs.1018.75.
KEC International up 5.7 per cent at Rs.90.3
Zandu Pharma up by 2.5 per cent at Rs.3, 190.55
Mid-Day Multimedia down by 2.5 per cent at Rs.31.15.
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ING Vysya to launch Medium Term Income Fund
Mumbai: ING Vysya Investment Management (India) is launching the ING Vysya Medium Term Income fund, according to the offer document filed with Securities and Exchange Board of India. The primary objective of the scheme is to generate income by investing in fixed income securities of medium term maturity and money market instruments of varying maturity dates with a view to maximise income while maintaining the optimum balance of yield, safety and liquidity. The asset allocation of the fund would be 70-100 per cent in debt instruments and 0-30 per cent in cash and money market instruments.

The performance of the fund would be benchmarked against the Crisil Composite Bond Fund Index, according to the offer document. The fund is available in growth and dividend options. The scheme targets Rs.10 lakh to be raised during the initial public offerings, which open on September 20, according to the document.
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NIIT to start trading from Aug 16
New Delhi: IT training company NIIT Ltd shares would start trading on the Bombay Stock Exchange and National Stock Exchange from August 16.

NIIT shares had gone off the trading list of stock exchanges in the second week of July to facilitate credit of new shares of NIIT and NIIT Technologies Ltd. This followed the spin-off of NIIT's global software solutions business into NIIT Technologies Ltd.

The capital has been structured in a manner that in lieu of 100 shares of Rs.10 each held by the shareholders of NIIT Ltd, the holders receive 50 shares of the demerged NIIT Ltd and 75 shares of NIIT Technologies Ltd, both of the face value of Rs.10 each. The process of listing of NIIT Technologies Ltd shares is likely to be completed in the next few weeks.
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domain-B : Indian business : News Review : 14 August 2004 : markets