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Markets: Shrugs off inflation figures - goes for growth
Mumbai: The BSE Sensex ended the trading session at 5370.05, about 72 points higher than the previous close. The Nifty gained nearly 20 points to close at 1668.75.

Market Gainers
Cipla, Bharti Tele-Ventures, HDFC, Ranbaxy, Tata Steel, Tata Steel, SAIL, Sesa Goa, Satyam, Infosys, TCS, Polaris Software, Wipro, Dabur, Colgate Palmolive, Nirma, Nagarjuna Fertilisers, Chambal Fertilisers, Coromandel Fertilisers, Godavari Fertilisers, Oswal Chemicals, SPIC

Market Losers
Zee Telefilms, Hindalco, Blue Star, Blue Dart, Crompton Greaves, Lumax, Kothari Products, Tata Honeywell, Atlas Copco

Market Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)

ACC 273.55 +2.70
Bajaj Auto 920.35 +8.35
Bharti Televentures 138.90 +6.15
BHEL 568.40 +6.45
Cipla 260.65 +11.75
Dr. Reddys Laboratories 723.40 +8.25
Grasim Industries 1,170.05 +9.10
Gujarat Ambuja 342.20 +5.45
HDFC 611.30 +20.95
HDFC Bank 389.65 +7.65
Hero Honda Motors 440.40 -1.50
Hindalco Industries Limited 1,182.85 -3.55
Hindustan Petroleum Corp 311.90 +0.70
HLL 121.00 +2.35
ICICI Bank 268.95 +1.60
Infosys Technologies 1,652.10 +30.15
ITC 1,104.45 +24.40
Larsen & Toubro Limited 792.80 0.00
Maruti Udyog 392.60 +7.30
MTNL 119.50 +0.60
ONGC 697.05 +3.30
Ranbaxy Labs 1,025.20 +26.50
Reliance Energy 635.65 +1.45
Reliance Industries 487.55 +1.70
Satyam Computer Services 369.25 +8.45
State Bank Of India 466.70 +3.95
Tata Motors 395.45 +0.70
Tata Power 287.05 +3.30
TISCO 263.60 +6.80
Wipro 590.95 +1.20
Zee Telefilms 149.45 -1.70

Others
HLL up Rs.2.35 at Rs 121
SPIC up Rs.1.6 at Rs.13.25
ITC up 2.40 per cent at Rs.1, 105.75
Vardhman Spinning down Rs.8 at Rs.207.2
Mahavir Spinning up Rs.1.55 at Rs 212.70
KEC International down by Rs.1.1 at Rs.97.3
Bank of Rajasthan up 11.54 per cent at Rs.36.25
ITC Ltd up 5.92 per cent at Rs.1,104.45
Bharat Heavy Electricals Ltd (BHEL) up 1.15 per cent at Rs 568.40
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DSQ and Dinesh Dalmia debarred from market for ten years
Mumbai: The Securities and Exchange Board of India (SEBI) has debarred DSQ Software Ltd (DSQ) and its Managing Director, Dinesh Dalmia, from the securities market for 10 years. The SEBI has also ordered DSQ and Dalmia to deposit Rs.630 crore in a separate account in a nationalised bank within 45 days.

The escrow account, whose value is the average price of 1.3 crore scrips of DSQ, will be maintained till the completion of investigation by various police agencies including the Kolkata Police and the CBI, said the order.

The SEBI recently concluded its investigation into DSQ's irregularities in the allotment of 1.70 crore shares in 2000-2001. Of these, the company introduced 1.3 crore shares in the secondary market without listing, according to the order.

The investigation also revealed that 30 lakh equity shares were placed in the Dinesh Dalmia Technology Trust, ostensibly for distribution as part of the Employee Stock Option Scheme. These shares were not given listing permission by the BSE and the NSE, but were sold in the secondary market.

The order has instructed Dalmia to buy 1.3 crore shares of DSQ from the secondary market within 45 days. These shares are to be retained in a separate demat account till permission for reduction of capital is obtained by the company.

Mohammed Ghulam Ghouse, B.K. Pal, K.M. Venkateshwaran, and V.M. Sundaram, other directors of DSQ, have also been prohibited from buying, selling or dealing in securities for five years.
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Dena Bank second public issue slated for Q3 of current fiscal
Mumbai: Dena Bank plans to tap the capital market with its second public offer in the third quarter of this fiscal. The bank will issue eight crore fresh equity shares with a face value of Rs.10 each at a premium to be decided later.

Consequent to the public offering, the paid-up capital would grow to Rs.286 crore from Rs.206 crore and the Government's holding fall to 51 per cent from 70 per cent.
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domain-B : Indian business : News Review : 11 September 2004 : markets