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
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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.
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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.
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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.
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