Markets: Mid-caps hold firm as Sensex sheds gains
Mumbai: The benchmark BSE Sensex closed the day down 77.39 points (1.38 per cent) closing at 5539.48 points. On the NSE, the S&P CNX Nifty fell 1.58 per cent to 1726.15 points.

Market Gainers
MTNL, Li-Taka Pharma, Jagson Pharma, Glenmark Pharma, Aarti Drugs, Nicholas Piramal, Aventis Pharma, Astrazeneca Pharma, Blow Plast, Mazda, Eveready, Birla Ericsson, JMC Projects, Valecha Engineering

Market Losers
ICICI Bank, Infosys Technologies, Reliance Industries, ITC, HPCL, ONGC, Zee Telefilms, Satyam Computer, Wipro, State Bank of India, Bank of Baroda, Vijaya Bank, Union Bank, Canara Bank, IVRCL Infrastructures, Madhucon Projects, Ranbaxy Laboratories

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

ACC	271.90	-4.75
Bajaj Auto	970.85	-18.75
Bharti Televentures	148.20	-1.80
BHEL	585.65	-8.70
Cipla	281.35	-3.20
Dr. Reddys Laboratories	750.25	-6.55
Grasim Industries	1,140.10	-11.10
Gujarat Ambuja	343.45	-2.30
HDFC	624.70	-3.65
HDFC Bank	409.55	-2.05
Hero Honda Motors	446.00	-8.85
Hindalco Industries Limited	1,255.60	-2.00
Hindustan Petroleum Corp	318.70	-14.15
HLL	120.35	-2.70
ICICI Bank	288.35	-6.90
Infosys Technologies	1,630.05	-33.75
ITC	1,161.30	-4.55
Maruti Udyog	363.00	-6.35
MTNL	126.80	+4.00
ONGC	736.65	-23.05
Ranbaxy Labs	1,107.35	-15.35
Reliance Energy	639.25	-7.70
Reliance Industries	500.30	-2.90
Satyam Computer Services	3372.50	-8.95
State Bank Of India	482.90	-9.95
Tata Motors	410.20	-2.35
Tata Power	310.95	-0.20
TISCO	287.60	-0.75
Wipro	593.15	-12.30
Zee Telefilms	152.70	-4.20

Others
Simplex Concrete Piles up five per cent at Rs142.85
Hexaware Technologies up 0.7 per cent at Rs480.25
NDTV up 5.3 per cent at Rs97.3
Orchid Chemicals down 1.6 per cent at Rs231.65
CLC Global down 2.9 per cent at Rs16.7
Orient Paper & Industries up 4.48 per cent at Rs73.45
Allahabad Bank up 4.97 per cent at Rs40.10
Shanthi Gears Ltd. down 1.24 per cent at Rs23.80
Back to News Review index page  

SEBI:Draft rules for transaction tax collection published
Mumbai: The Securities and Exchange Board of India (SEBI) has published the draft rules for the collection of the securities transaction tax (STT).

According to the draft rules, value of the taxable securities would be computed on the volume weighted average price of the transaction.

This computation will be on the quantity of shares purchased or sold in each trade of the equity share executed by the person on that day, to be multiplied by the price at which the trade is executed, to determine the trade value of each trade. Then, the aggregate trade value of all trades in the equity share by the person on that day shall be arrived at by totalling these trade values. The aggregate trade value will then be divided by the total quantity of the equity share traded by the person on that day, to determine the volume weighted average price of that equity share for that person for that day.

The same rule is applicable for transactions relating to units of equity-oriented mutual funds (MFs).

While the above rule is applicable for transactions in the netted settlement mode, for the auction settlement mode, where the share or unit is purchased or sold by a person in the trade-for-trade settlement mode, the value of the taxable securities transaction shall be the price at which the equity share or unit is purchased or sold, clarifies the draft document. Where the equity share or unit is sold in the auction settlement mode, the value of the taxable securities transaction shall be the price at which the equity share or unit is sold, says SEBI.

Trustees of MFs are mandated as the persons responsible for collecting and paying STT. Stock exchanges and MFs can pay the STT through any branch of RBI or State Bank of India or of any authorised bank accompanied by a securities transaction tax challan.
Back to News Review index page  

MSK Projects IPO at Rs40 a share
Mumbai: Construction company MSK Projects (India) is coming out with a public issue of 60 lakh shares of Rs10 each at a premium of Rs30 per share to fund is two build-operate-transfer (BOT) projects.

The issue will open on September 27 and close on October 8, company statement said on Thursday. Shares of the company would be listed on the BSE, NSE and the Vadodara Stock Exchange.

MSK Projects has built two BOT road projects - Hoshangabad-Harda-Khandwa Road and Raisen-Rahathgadh Road (both in Madhya Pradesh). The cost of these projects is Rs83.58 crore and Rs62.55 crore respectively.
Back to News Review index page  

Platinum Assets ups stake in Ramco Systems
Chennai: Ramco Systems said that Platinum Asset Management Ltd (as trustee for the Platinum Asset Management Trust) has acquired 83,413 shares (or 0.72 per cent of Ramco's paid-up capital) through market purchase on September 21 this year.

After this acquisition, the above entity's shareholding in Ramco is 5,88,321 or 5.06 per cent of its paid-up capital while Platinum Asia Fund holds 4,68,812 shares or 4.04 per cent.

In the disclosure on shareholding pattern as on June 30, Ramco had indicated that Platinum Asia Fund held 3.32 per cent of the company's capital.
Back to News Review index page  

Indiabulls listing today
Mumbai: Shares of Indiabulls Financial Services Ltd will list on the BSE and the NSE tomorrow.

Indiabulls IPO closed on September 10 and was oversubscribed around 18.5 times. Indiabulls has decided to fix the issue price at Rs19, the top end of the price range, company's statement said on Thursday.
Back to News Review index page