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Sensex:Positive
sentiment continues
Mumbai: Selling pressure in the last hours of the
session drove the BSE Sensex down to 5397.46, 27 points
higher than its previous close. The NSE Nifty gained nearly
seven points to close at 1675.20.
Market Gainers
Dr Reddy's, Ranbaxy Laboratories, HPCL, Satyam, HDFC,
Infosys, Satyam, TCS, MphasiS-BFL, Moser Baer, Patni Computers,
Cipla, Cadila Healthcare, J.B. Chemicals, Lupin, Sun Pharma,
Bannari Amman, Sakthi Sugars, Balrampur Chini, Chambal
Fertilisers, Nagarjuna Fertilisers, Godavari Fertilisers,
Monsanto, KRBL, Bayer Cropscience, Excel Crop Care, United
Phosphorous, Indian Hotels, Shanthi Gears, Hotel Leela
Ventures, Tata Metaliks, Century Textiles, Dabur India,
EIH, MRF
Market Losers
Zee Telefilms, Maruti Udyog, SBI, ICICI Bank, IndusInd
Bank, IOB, Bank of Baroda, ING Vysya Bank, Bank of Baroda,
Allahabad Bank, PNB, Syndicate Bank, Bank of Punjab, J&K
Bank
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
271.80 |
-1.75 |
| Bajaj
Auto |
918.10 |
-2.25 |
| Bharti
Televentures |
139.65 |
+0.75 |
| BHEL |
569.40 |
+1.00 |
| Cipla |
264.70 |
+4.05 |
| Dr.
Reddys Laboratories |
756.85 |
+33.45 |
| Grasim
Industries |
1,158.65 |
-11.40 |
| Gujarat
Ambuja |
336.95 |
-5.25 |
| HDFC |
623.25 |
+11.95 |
| HDFC
Bank |
387.70 |
-1.95 |
| Hero
Honda Motors |
446.15 |
+5.75 |
| Hindalco
Industries Limited |
1,182.50 |
-0.35 |
| Hindustan
Petroleum Corp |
321.80 |
+9.90 |
| HLL |
121.75 |
+0.75 |
| ICICI
Bank |
264.85 |
-4.10 |
| Infosys
Technologies |
1,675.20 |
+23.10 |
| ITC |
1,100.95 |
-3.50 |
| Maruti
Udyog |
378.65 |
-13.95 |
| MTNL |
120.00 |
+0.50 |
| ONGC |
701.05 |
+4.00 |
| Ranbaxy
Labs |
1,069.85 |
+44.65 |
| Reliance
Energy |
633.10 |
-2.55 |
| Reliance
Industries |
490.85 |
+3.30 |
| Satyam
Computer Services |
378.35 |
+9.10 |
| State
Bank Of India |
456.35 |
-10.35 |
| Tata
Motors |
393.75 |
-1.70 |
| Tata
Power |
290.75 |
+3.70 |
| TISCO |
267.80 |
+4.20 |
| Wipro |
589.20 |
-1.75 |
| Zee
Telefilms |
143.55 |
-5.90 |
Others
Punjab National Bank down Rs.5 at Rs.271.40
Abbot India up Rs.21 at Rs.561
JB Chemicals up Rs.17.5 at Rs.322.80
Ahmednagar Forgings up 10 per cent at Rs.105.60
Tata Consultancy Services (TCS) up 1.55
per cent at Rs.1004.40
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SEBI
clears ICICI Brokerage on GTB deals
Mumbai: The Securities and Exchange Board of India
has cleared the ICICI Brokerage Services Ltd of charges,
wherein it was alleged to have helped the Asian Development
Bank synchronise deals in the Global Trust Bank stock
with stockbroker Ketan Parekh.
SEBIs clearance comes several months after SEBI's own
enquiry officer recommended a four-month suspension for
ICICI Brokerage (IBSL), which, he found, had helped ADB
sell one crore GTB shares in a structured manner to certain
entities owned by Parekh.
Disagreeing with the enquiry officer, G.N. Bajpai, Chairman,
SEBI, in an order dated September 9 said, "There
is no finding in the enquiry report that the broker has
violated any of the provisions of the SEBI regulations.
The charge of synchronisation was found improbable...
The enquiry officer has also failed to take into account
the improbability of institutions such as ADB and the
broker (IBSL) indulging in manipulative practices while
recommending the penalty... "
According to Mr Bajpai, the enquiry officer, who investigated
IBSL's trades, also did not have the advantage of certain
letters that ADB wrote SEBI later on saying that IBSL
was merely acting out its instructions.
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Lankan
citizens can now invest in Indian firms
Mumbai: In a circular issued to authorised foreign
exchange dealers, the Reserve Bank of India said citizens
of Sri Lanka would henceforth be eligible for purchase
of shares and convertible debentures of Indian companies
under the foreign direct investment scheme subject to
specified terms and conditions.
The RBI circular follows the Union Government decision
to lift the restrictions imposed on investment in Indian
companies by Sri Lankan citizens.
The decision is also in line with the Union Government's
policy to encourage investments in India from other Asian
countries. There have been trade and industry demands
to lift the ban imposed on Sri Lanka some years ago.
On the flip side, Indian corporates have been making forays
into Sri Lanka with majors such as Indian Oil Corporation
acquiring 100-plus petrol pumps from Ceylon Petroleum
Corporation.
RBI said amendment to the Foreign Exchange management
(Transfer of issue of Security by a person Resident Outside
India) Regulation, 2000, is being issued separately.
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