ADR prices - Indian Companies
US Index Report
Date Aug 20 2004
DJIA             Dow Jones Industrial Average   10110.14   + 0.69
NASDAQ     Nasdaq Composite                   1838.02     + 18.13

INDIAN ADRs on NASDAQ and NYSE
Date Aug 20 2004
IBN         ICICI Bank Ltd                                 $ 12.23     - 0.05
INFY       Infosys Technologies Ltd                   $ 49.30     - 0.12
REDF      Rediff.com India Ltd                          $ 6.73       + 0.07
SIFY        Sify Ltd                                             $ 4.662  + 0.362
VSL         Videsh Sanchar Nigam Ltd                $ 7.43      - 0.07
WIT         Wipro Ltd                                         $17          + 0.07
RDY         Dr.Reddys Laboratories Ltd              $15.46     - 0.50
SAY         Satyam Computer Services Ltd          $20.29     + 0.33
HDB          HDFC Bank                                     $27.69     - 0.18
MTE          Mahanagar Telephone Nigam Ltd      $6.66      + 0.01
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FIIs are net buyers in equities
Mumbai: The Foreign Institutional Investors (FIIs) were net buyers in equities at Rs.586.8 crore during the first four days in the trading week ended August 20 while netting sales of Rs.79 crore in debt market.

Mutual funds (MFs) also netted inflows of Rs.73.29 crore in the first three trading days in equities and Rs.72.71 crore in debt, according to data available with Securities and Exchange Board of India in Mumbai.
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SEBI chief bullish on markets with entry of UN fund
Kolkata: On the heels of the California Public Employees Retirement System (CalPERS), the United Nations Employees Pension Fund too has registered itself as a foreign institutional investor (FII) in India.

The latest move, by yet another foreign pension fund has prompted the Securities and Exchange Board of India (SEBI) Chairman, G.N. Bajpai to remark that "CalPERS is enthused by what has been happening in India. It wishes to explore the opportunities that are available here". According to the SEBI chief a number of reforms that have boosted the overall investment climate, have helped their case.

Bajpai, mentioned that T+1 (a settlement system for bourses) is very much in the works and is being readied for a rollout. The real time gross settlement (RTGS), however, is a major issue on this front. However, a number of banks - 27 in all - have joined the system and others are expected to follow.

On the issue of demutualisation of stock exchanges, Bajpai mentioned that plans worked out by various stock exchanges have been scrutinised and clarifications have been sought.
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