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Markets pause after a week long rally
Mumbai: The BSE Sensex ended the day at 5420.09 losing 8.68 points over Tuesday's close. The S&P CNX Nifty was down by 2.35 points at 1683.2.

Market Gainers
Hindustan Lever, BHEL, Reliance Industries, Kotak Mahindra Bank, Moser Baer, Kotak Mahindra Bank, Ashima, Datamatics, Unichem Labs, Wockhardt, Siemens, Colgate Palmolive, Essar Oil

Market Losers
HDFC, Ranbaxy, Satyam Computers, Indian Oil, HPCL, BPCL, MRF, Ind-Swift, Kothari Products, Thomas Cook

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

ACC 274.80 +1.30
Bajaj Auto 924.20 +8.10
Bharti Televentures 143.20 -2.95
BHEL 589.05 +10.60
Cipla 270.65 -0.20
Dr. Reddys Laboratories 751.15 +1.15
Grasim Industries 1,196.50 +2.65
Gujarat Ambuja 341.15 +1.95
HDFC 616.20 -20.85
HDFC Bank 395.05 +3.95
Hero Honda Motors 456.90 -6.00
Hindalco Industries Limited 1,201.45 +5.80
Hindustan Petroleum Corp 319.75 -8.90
HLL 123.55 +3.60
ICICI Bank 264.65 -2.85
Infosys Technologies 1,701.85 +4.30
ITC 1,090.55 +4.50
Maruti Udyog 354.50 -0.15
MTNL 119.70 -0.45
ONGC 713.30 +3.30
Ranbaxy Labs 1,074.60 -18.45
Reliance Energy 626.70 -2.20
Reliance Industries 487.65 +1.65
Satyam Computer Services 382.75 -6.75
State Bank Of India 455.70 -0.55
Tata Motors 385.95 -4.50
Tata Power 283.80 -3.85
TISCO 265.55 +1.70
Wipro 588.75 -12.15
Zee Telefilms 150.80 +3.65

Others

Hindustan Lever up Rs.3.6 at Rs.123.55
BHEL up Rs.10.6 at Rs.589.05
Indian Oil Corporation down Rs.6.25 at Rs.419.2
Kotak Mahindra Bank up Rs.5.2 at Rs.180.6
Moser Baer up Rs.10.90 at Rs.222.25
Wockhardt's up 6 per cent at Rs.316.7
Colgate Palmolive up Rs.6.4 at Rs.151.65
Ashima up 20 per cent at Rs.18.55
Ind-Swift Labs down Rs.1.75 at Rs.65.2
Rama Newsprint & Papers up 7.94 per cent at Rs.12.65
Essar Oil up 1.83 per cent at Rs.19.50
Aztec Software up 1.69 per cent at Rs.45
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J&K Bank gets nod to hike FII limit
New Delhi: The Jammu & Kashmir Bank has received the Reserve Bank of India's approval to increase FII investment limit to 33 per cent of the paid-up capital. Currently, FIIs hold 21.84 per cent of the bank's equity.

In view of the interest evinced by FIIs in picking up the stake, the bank has enhanced the limit of investment, a release said.

The board and shareholders, in their meetings held on June 12 and July 24 respectively, have already passed a resolution to this effect.
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IDBI sells stake in Rain Calcining
Hyderabad: Rain Calcining Ltd has informed the stock exchanges that Industrial Development Bank of India (IDBI) as of September 6, has sold 26,05,447 equity shares of Rs.10 each equivalent of 2.01 per cent of their shareholding in the company.

With this, the holding of IDBI in Rain Calcining as on September 7 amounts to 1.05 per cent of the stake. The period of sale was during January 10 to September 6, the company said.
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domain-B : Indian business : News Review : 16 September 2004 : markets