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Sensex slides back into negative territory
Markets: The BSE Sensex slid 59 points or 1.15 per cent to close at 5064.66 points. The Nifty went down 19 points or 1.17 per cent to close at 1590.35 points, down from its previous close of 1609.20 points.

Market Gainers
Wipro, Infosys, Hindalco, Grasim, Dabur, Kochi Refinery, Chennai Petroleum, Mysore Cement, Prism Cement, Mangalam Cement, Madras Cement, Glenmark Pharma, Kopran, Natco Pharma, Lupin, Kolar Biotech, Strides Arcolab, JK Synthetics, Sesa Goa, Orchid Chemicals

Market Losers
Reliance, J&K Bank, IOB, ICICI Bank, SBI, HDFC Bank, Tata Motors, Tata Steel, Maruti, Tata Power, HPCL, BPCL, ONGC, MRPL, ACC, Gujarat Ambuja Cement, Ranbaxy, Dr Reddys, Sun Pharma, Nicholas Piramal, Ashok Leyland

Market Counters
BSE 30
Figures in rupees
Gain (+) / Loss (-)
ACC 262.50 -3.85
Bajaj Auto 864.85 -4.10
Bharti Televentures 142.35 -2.75
BHEL 528.85 -9.80
Cipla 231.05 -2.15
Dr. Reddys Laboratories 685.55 -15.00
Grasim Industries 1,077.80 +6.70
Gujarat Ambuja 311.10 -5.60
HDFC 538.60 -8.85
HDFC Bank 356.85 -3.80
Hero Honda Motors 446.85 -2.00
Hindalco Industries Limited 1,132.50 +8.05
Hindustan Petroleum Corp 314.00 -1.50
HLL 107.05 -0.65
ICICI Bank 267.45 -5.35
Infosys Technologies 1,547.05 +9.85
ITC 1,022.95 -11.35
Larsen & Toubro Limited 792.80 +26.25
Maruti Udyog 371.65 -13.65
MTNL 121.45 -1.25
ONGC 689.20 -5.60
Ranbaxy Labs 930.40 -5.20
Reliance Energy 599.85 -6.60
Reliance Industries 463.30 -12.00
Satyam Computer Services 336.90 -2.20
State Bank Of India 428.00 -4.90
Tata Motors 382.40 -13.65
Tata Power 249.10 -11.60
TISCO 259.70 -6.35
Wipro 564.10 +3.25
Zee Telefilms 146.25 -0.10

Others
Sterlite Industries down Rs.12 at Rs.522
Madhucon down Rs.8 at Rs.184
Hyderabad Industries up 9.96 per cent at Rs.63.50
India Cement up 1.23 per cent at Rs.41.15
Kalyani Steel up 8.14 per cent at Rs.68.45
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SBI Mutual adds 'Emerging Business' to its sectoral funds
Kolkata: The SBI Magnum Sector Funds umbrella will soon add a fifth scheme - emerging businesses. This will add to the existing schemes that are separately dedicated to technology, pharmaceuticals and FMCG.

'Emerging businesses', will refer to those businesses that have the potential to grow out of export and outsourcing opportunities, global competitiveness and strengths developed in the domestic market.

This will, incidentally, be the first launch since SBI MF announced its tie-up with Societe Generale, a deal that will provide SocGen with 37 per cent of the asset management company for a consideration in excess of $35 million. An investment horizon of roughly two years is said to be compatible with the nature of the scheme.
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domain-B : Indian business : News Review : 21 August 2004 : markets