news


Sensex ends flat
Mumbai: The 30-stock index was marginally down by 0.55 points (0.01 per cent) closing at 5102.37 points. The broad-based index, the S&P CNX Nifty edged up marginally by 0.06 per cent to 1599.15 points.

Market Gainers
ITC, Reliance Industries, Infosys Technologies, ICICI Bank, IVRCL Infrastructures, Nagarjuna Construction, Madhucon Projects, Era Constructions, Kale Consultants, Sri Adhikari Brothers, Syngenta India, D-Link India, Balaji Telefilms, Tata Steel, NatSteel, SAIL, Essar Steel, Jindal Vijayanagar Steel, Birla Global Finance, Tips Industries, SAB TV, Zee Telefilms, Padmalaya Telefilms

Market Losers
Housing Development Finance Corporation, Intelenet Global Services, Barclays Bank Plc, Greaves Cotton, GACL Grasim

Market Counters
BSE 30
Figures in rupees
Gain (+) / Loss (-)
ACC
260.50
-2.00
Bajaj Auto
869.85
+5.35
Bharti Televentures
150.05
-0.55
BHEL
546.50
-15.80
Cipla
246.70
+3.05
Dr. Reddys Laboratories
728.45
-12.05
Grasim Industries
1,027.30
-8.60
Gujarat Ambuja
306.40
-1.15
HDFC
553.65
-8.15
HDFC Bank
362.05
-2.05
Hero Honda Motors
434.35
-6.30
Hindalco Industries Limited
1,106.65
+8.95
Hindustan Petroleum Corp
305.60
-4.05
HLL
106.65
-3.85
ICICI Bank
275.35
+0.40
Infosys Technologies
1,487.30
+7.30
ITC
1,037.55
+18.80
Larsen & Toubro Limited
792.80
+26.25
Maruti Udyog
386.50
-0.75
MTNL
124.15
+0.05
ONGC
690.45
-0.60
Ranbaxy Labs
948.95
-10.40
Reliance Energy
589.65
+1.95
Reliance Industries
478.95
+2.15
Satyam Computer Services
335.65
+1.45
State Bank Of India
441.35
-4.35
Tata Motors
393.65
-7.15
Tata Power
268.10
+0.65
TISCO
266.15
+10.40
Wipro
540.35
+6.30
Zee Telefilms
134.25
+2.85

Others
Larsen & Toubro up 1.7 per cent at Rs.778.45
Nava Bharat Ferro Alloys up 5 per cent at Rs.271.65
Man Industries up 5 per cent at Rs.81.75
Greaves Cotton down 4.5 per cent at Rs.59.05
Helios & Matheson Information Technology up 1.4 per cent at Rs.113
Birla Global Finance up by 0.8 per cent at Rs.38.5
SAB TV up 8.66 per cent at Rs 86.60
Back to News Review index page  

L&T onboard as MTNL bows out of the Sensex
Mumbai: The Bombay Stock Exchange (BSE) has made changes in the Sensex, BSE-100, BSE-200, BSE-500 and the BSE TECk indices. All these changes come into effect from September 27, a BSE statement said.

In the BSE Sensex, the index committee of the exchange has included Larsen & Tourbo in place of Mahanagar Telephone Nigam Ltd. While in the BSE-100, 22 companies have been replaced, in the BSE-200, 44 companies and in the BSE-500, 56 companies have been replaced. In the BSE TECk four changes have been made, the statement said.
Back to News Review index page  

India Newbridge picks up 4.8 percent in Matrix Labs
Hyderabad: India Newbridge Investments Ltd has acquired 7,00,000 equity shares of the Hyderabad-based, Matrix Laboratories Ltd (MLL), representing 4.81 per cent of the paid-up equity share capital through negotiated trades at Rs 1,500 per share.
The buying of shares is pursuant to the public announcement for open offer made by India Newbridge Investments Ltd and Maxwell (Mauritius) Pte Ltd to the shareholders of MLL and in line with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 1997, according to DSP Merrill Lynch Ltd.

DSP Merrill Lynch informed this development in a notification to the National Stock Exchange (NSE) today. It is the manager to the open offer on behalf of India Newbridge Investments Ltd and Maxwell (Mauritius) Pte. Ltd, made to MLL's shareholders through public announcements on April 18 and April 30, 2004.
Meanwhile MLL has informed the exchanges that Mr M. Ravinder, one of the promoters, has sold 6,72,250 shares amounting to 4.62 per cent of the paid-up equity on August 13.
Back to News Review index page  

Chola Mutual launches floating rate fund
Mumbai: The Chola Mutual Fund has launched its floating rate fund that will invest in floating rate debt instruments. The fund will operate a portfolio substantially comprising of floating rate debt instruments, money market instruments and fixed rate debt instruments swapped for floating rate return.

The initial public offer of the fund remains open from August 17 to 19. The minimum application amount for the same is Rs.25,000.
Chola MF has set a target of Rs.100 crore for the IPO. The fund house, currently manages Rs.1,235 crore of assets and is now seeking to double it by March 2005.
Back to News Review index page  


 search domain-b
  go
 
domain-B : Indian business : News Review : 17 August 2004 : markets