Markets: Smart rallies sustain last week's run
Mumbai: The Sensex went up by over 60 points and closed the day with a gain of over one per cent closing at 5,605 points. The S&P CNX Nifty closed at 1750.20 up 21.40 points.

Market Gainers
ICICI Bank, Cipla, Wipro, Hindalco Industries, Tata Power, HDFC, Tata Steel, Ranbaxy Laboratories, Satyam Computers, ACC, Bajaj Auto, Bharti Tele-Ventures, BHEL, Dr Reddy's Laboratories, HPCL, Infosys Technologies, ONGC, Reliance Industries, Reliance Energy, State Bank of India, Tata Motors, Bank of Baroda, Bharat Earth Movers, Bharat Electricals, Canara Bank, Corporation Bank, Engineers India, HMT, IBP, IDBI, Nalco, Neyveli Lignite, Punjab National Bank, Union Bank, Vijaya Bank, Steel Authority of India, Rashtriya Chemicals and Fertilisers, HCL Infosys, HCL Technologies, Hughes Software, i-Flex Technologies, Moser Baer, Polaris Labs, TCS Ltd.

Market Losers
Grasim Industries, Gujarat Ambuja Cements, HDFC Bank, Hero Honda, HLL, ITC, MTNL, Zee Telefilms, Patni Computers, Mphasis-BFL

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

ACC	274.65	+1.35
Bajaj Auto	959.20	+15.00
Bharti Televentures	149.90	+1.90
BHEL	595.40	+2.35
Cipla	284.90	+9.50
Dr. Reddys Laboratories	751.75	+1.55
Grasim Industries	1,154.45	-15.15
Gujarat Ambuja	342.90	-0.80
HDFC	628.00	+13.00
HDFC Bank	405.70	-0.15
Hero Honda Motors	449.85	-3.00
Hindalco Industries Limited	1,284.15	+33.85
Hindustan Petroleum Corp	336.90	+3.65
HLL	123.80	-1.50
ICICI Bank	288.75	+9.95
Infosys Technologies	1,676.20	+18.65
ITC	1,176.95	-8.25
Maruti Udyog	359.70	+8.90
MTNL	125.00	-0.60
ONGC	760.00	+7.95
Ranbaxy Labs	1,104.35	+23.20
Reliance Energy	637.50	+4.60
Reliance Industries	506.70	+5.00
Satyam Computer Services	383.80	+7.60
State Bank Of India	480.10	+2.75
Tata Motors	413.60	+2.25
Tata Power	313.20	+8.15
TISCO	290.40	+5.90
Wipro	599.10	+18.40
Zee Telefilms	148.45	-5.35

Others
Bajaj Hindustan up 4.97 per cent at Rs75
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JM Morgan Stanley: Top mobiliser for TCS IPO
Mumbai: JM Morgan Stanley Retail Services, which procured Rs.13,158 crore of Tata Consultancy Services IPO, or 33.4 per cent of the total demand, is the top procurer among brokers in the offering, said a news release from J M Morgan Stanley.
The release quoted figures compiled by primary market monitor Prime Database.

In the institutional investor category, JM Morgan Stanley Group emerged as the top mobiliser with a demand of Rs.9,170 crore.
It was also the top mobiliser in the non-institutional investor category (of high networth individuals and corporates), having collected Rs.3,428 crore.

The Group has 11 offices in eight cities across the country, with a network of over 6,000 sub-brokers servicing retail clients across the country.
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Satyam delists from HSE
Hyderabad: Satyam Computer Services Ltd has informed the National Stock Exchange that the company shares have been delisted from Hyderabad Stock Exchange with effect from September 20.

Pursuant to the members' approval obtained in the annual general meeting on July 23 for delisting of the equity shares of the company from the HSE, the company has made an application to HSE for delisting of the equity shares.
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NTPC IPO price band set at Rs.52-62
Mumbai: The price band for NTPC's first equity public offering has been fixed at Rs52-Rs62 per share. On Monday, the company filed the preliminary prospectus with the Registrar of Companies.
The issue will open on October 7 and close on October 14. The company will offer 86.583 crore shares of Rs10 each.

Of these, 43.2915 crore shares will be issued fresh by NTPC while an equal number of Government-held shares will be offered for sale, a news release said. The issue will reduce the Union Government's equity stake in NTPC to 89.50 per cent of the expanded capital.

ICICI Securities, Enam Consultants and Kotak Mahindra Capital Company are lead managers to the offer. The money raised from this equity issue will be invested in doubling NTPC's power generation capacity to around 40,000 MW by 2012.
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Reliance to retire domestic debt - will raise $500 m
Mumbai: Reliance Industries Ltd is raising an overseas syndicated loan of $500 million (around Rs2, 296.5 crore) to retire its costly domestic debt.

Confirming the development, a company official said the deal was getting signed today with a consortium of foreign banks. However, details of the loan such as the coupon and the tenure would be released only later, he said.

Some of the banks that form the loan syndicate for Reliance include Caylon, investment banking arm of Credit Agricole SA, Standard Chartered plc, DBS Group Holdings Ltd, Mizuho Holdings Inc and Bank of Tokyo Mitsubishi Ltd.
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Balrampur Chini rights issue oversubscribed
Kolkata: The rights issue of Balrampur Chini Mills Ltd, which closed on September 18, has been oversubscribed, according to a company official.

The rights issue, which opened on August 18, offered 22.75 lakh shares of Rs10 face value and charged a premium of Rs250 to shareholders.

The issue was managed by Enam Securities and Lodha Capital Markets.

Balrampur Chini hoped to mop up Rs60 crore from the issue but has collected Rs70 crore from the same.
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Kotak Mahindra unveils scheme for 'undervalued' stocks
Kolkata: Kotak Mahindra MF has lined up Kotak Contra, a scheme that will invest in stocks of companies that are sound but undervalued. The scheme will be aimed at investors who believe that stock prices reflect intrinsic value of their underlying companies over a period of time. It will also be directed towards those who seek capital appreciation from companies that are traded at prices lower than their estimated intrinsic value.

The scheme, which will have the S&P CNX 500 as its benchmark, will invest in companies across sectors and market capitalisations. Its portfolio will mainly include equity, carrying moderate to high risk because of price fluctuations and volatility. Kotak Contra may also invest up to 35 per cent in money market instruments and debt securities.

The offer document specifically refers to companies that have enjoyed strong track records and fundamentally sound business models but appear to have fallen temporarily out of favour for short-term or non-recurring reasons.

The MF has also worked out an open-ended income scheme, aimed at those who wish to have an actively-managed portfolio of debt securities.

The proposed Kotak Flexi Income Scheme will under normal circumstances predominantly invest in debt instruments with maturity of more than one year. Crisil Composite Bond Index will be the relevant benchmark in this case.
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