|
Markets:Broad
based rally shrugs off oil highs
Mumbai: The benchmark BSE Sensex gained 85.37 points
to end at 5,123.65 points while the Nifty put on 27.40
points, breaching the 1,600-point mark, to settle at 1,609.20
points.
Market Gainers
Infosys, Wipro, Satyam Computer, Hindustan Lever, Ranbaxy,
Bharti Tele-Ventures, Indian Oil Corporation, Bharat Petroleum
Corporation Ltd, Hindustan Petroleum Corporation Ltd,
Gujarat Ambuja, Prism Cements, Mangalam Cement, Madras
Cements, SAIL, Tamil Nadu Newsprint, Seshasayee Paper,
Ballarpur Industries, Hyderabad Industries, Subash Projects,
Precision Wires, Jay Bharat Maruti, Murudeshwar Ceramics,
Apollo Tyres, ING Vysya Bank, Great Eastern Shipping,
Classic Diamonds, Eimco Elecon, Mukand
Market Losers
Kochi Refineries, Bongaigaon Refinery, Balaji Telefilms,
Infomedia India, IDBI, Crisil, Sintex Industries, Radaan
Media Networks, Mid-Day Multimedia, Searle, Sandesh, Sundram
Fasteners
Market
Counters
BSE 30
Figures in rupees
Gain (+) / Loss (-)
| ACC |
266.35 |
+5.30 |
| Bajaj
Auto |
868.95 |
+2.10 |
| Bharti
Televentures |
145.10 |
+3.60 |
| BHEL |
538.65 |
+6.10 |
| Cipla |
233.20 |
-3.55 |
| Dr.
Reddys Laboratories |
700.55 |
-8.35 |
| Grasim
Industries |
1,071.10 |
+30.80 |
| Gujarat
Ambuja |
316.70 |
+12.20 |
| HDFC |
547.45 |
+4.45 |
| HDFC
Bank |
360.65 |
-1.25 |
| Hero
Honda Motors |
448.85 |
+9.80 |
| Hindalco
Industries Limited |
1,124.45 |
+22.90 |
| Hindustan
Petroleum Corp |
315.50 |
+9.65 |
| HLL |
107.70 |
+1.45 |
| ICICI
Bank |
272.80 |
0.00 |
| Infosys
Technologies |
1,537.20 |
+49.70 |
| ITC |
1,034.30 |
+28.15 |
| Larsen
& Toubro Limited |
792.80 |
+26.25 |
| Maruti
Udyog |
385.30 |
+7.35 |
| MTNL |
122.70 |
+1.30 |
| ONGC |
694.80 |
+10.75 |
| Ranbaxy
Labs |
935.60 |
+26.75 |
| Reliance
Energy |
606.45 |
+4.45 |
| Reliance
Industries |
475.30 |
+4.80 |
| Satyam
Computer Services |
339.10 |
+9.00 |
| State
Bank Of India |
432.90 |
+0.10 |
| Tata
Motors |
396.05 |
+10.20 |
| Tata
Power |
260.70 |
+1.50 |
| TISCO |
266.05 |
+4.25 |
| Wipro |
560.85 |
+14.20 |
| Zee
Telefilms |
146.35 |
+6.35 |
Others
BPCL up close to six per cent at Rs.343.7
Atlas Copco up 2.38 per cent at Rs.673
D-Link up 7.01 per cent at Rs.111.45
Alphageo up 17.52 per cent at Rs.53.65
Satyam Computer up 2.73 per cent at Rs.339.10
HCL Technologies up 1.85 per cent at Rs.319.65
Mangalam Cement (MCL) up 10-per cent at Rs.51
Back
to News Review index page
New
sectoral indices at the BSE
Mumbai: The Bombay Stock Exchange has announced
the launch of new sector indices, which will include the
indices BSE Auto, BSE Oil & Gas and BSE Metal. Base
date for the three new indices would be February 1, 1999
and base index value would be 1,000 points, the BSE statement
said.
The launch of new indices under the heading "Sector
Series (90/FF)" will be effective from August 23,
2004. "90/FF" implies that the index covers
90 per cent of the sector it represents and is based on
the free-float methodology.
The "Sector Series (90/FF)" indices are a set
of indices across 9 significant sectors listed on the
BSE. They are constructed and maintained as per the global
best practices, BSE said. Three new sectors will be covered
under the new series and the existing sector indices (except
BANKEX) will be shifted to the free-float methodology
and would become part of the "Sector Series (90/FF)"
indices. BANKEX is already computed on Free Float methodology.
Back
to News Review index page
SEBI
bars Subhash Capital City
Kolkata: SEBI has barred Subhash Capital City (SCCL),
part of Kolkata's Subhash Projects group, from dealing
in securities and accessing the market. The order has
been passed in the matter of the group flagship, Subhash
Projects & Marketing (SPML).
The company (listed on BSE, CSE and various regional exchanges)
had earlier come out with two simultaneous but unlinked
rights issues, including an offer of non-convertible,
redeemable debentures. SEBI received complaints regarding
the issue, alluding to irregular subscription, pre-issue
price manipulation, non-disclosure and misstatements in
the letter of offer etc.
SEBI's assessment suggests that during the relevant point
of time, when the rights offer came about, very thin trading
was reported in the scrip of SPML at all the exchanges
except BSE and CSE, and of these two, major volumes and
trading were noted at CSE.
The regulator noted that applications had been received
after the closure of the issue, to make up for the deficit
in meeting 90 per cent subscription.
SEBI felt that the rights issue did not actually receive
genuine minimum subscription. SPML and its directors/associates
created an illusion that the rights issue of SPML had
genuinely received mandatory minimum subscription. It
was also mentioned that the Sethi family funded the subscription
(with associates like Zoom Industrial and SPML India).
Further, money was advanced through various entities to
an outfit called Raj Investments to creating "illusory
volumes and trading" in the SPML scrip.
Against SCCL, it was alleged that it had funded the application
made by SPML India. SCCL had also acted as a conduit for
fund flow from SPML to Raj Investments.
Back
to News Review index page
|
|
