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Does the Sensex reflect the market - or just a arena for
games?
Mumbai: The Sensex posted its first weekly decline
in five weeks losing 11.73 points to close at 5527.75
points. Nifty closed 3.65 points lower at 1722.5 points.
Market Gainers
Maruti, Gujarat Alkalies & Chemicals, Gujarat Narmada
valley Fertilisers, Gujarat State Fertilisers & Chemicals,
Gujarat Mineral Development Corporation, Gujarat Industries
Power, Abott Loboratories, Ajanta Pharma, Aurobindo Pharma,
Aventis Pharma, Divi's Labs, Elder Pharma, Lupin, Nicholas
Piramal, Pfizer, Shasun Chemicals, Glenmark Pharma, Crew
B.O.S productions, JK Synthetics, SWIL, Uniphos Enterprises,
Lloyds Steel, Shalimar Products, JCT, Nagarjuna Fertilisers,
Mahindra Gesco, Oil Country Tubular, SPIC, Shrenuj, Mukand
Engineers, Ajanta Pharma, Epic Enzymes, BDH Industries,
Hydro S&S Industries, Indo-city Infotech, Siemens
India,Tata Motors
Market Losers
Reliance, Grasim, Reliance Industries
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
269.90 |
-2.00 |
| Bajaj
Auto |
991.75 |
+20.90 |
| Bharti
Televentures |
149.70 |
+1.50 |
| BHEL |
577.80 |
-7.85 |
| Cipla |
286.05 |
+4.70 |
| Dr.
Reddys Laboratories |
751.90 |
+1.65 |
| Grasim
Industries |
1,119.80 |
-20.30 |
| Gujarat
Ambuja |
335.95 |
-7.50 |
| HDFC |
614.65 |
-10.05 |
| HDFC
Bank |
404.50 |
-5.05 |
| Hero
Honda Motors |
443.20 |
-2.80 |
| Hindalco
Industries Limited |
1,260.40 |
+4.80 |
| Hindustan
Petroleum Corp |
321.05 |
+2.35 |
| HLL |
120.45 |
+0.10 |
| ICICI
Bank |
292.30 |
+3.95 |
| Infosys
Technologies |
1,613.50 |
-16.55 |
| ITC |
1,152.35 |
-8.95 |
| Maruti
Udyog |
368.70 |
+5.70 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
738.60 |
+1.95 |
| Ranbaxy
Labs |
1,115.60 |
+8.25 |
| Reliance
Energy |
636.20 |
-3.05 |
| Reliance
Industries |
498.70 |
-1.60 |
| Satyam
Computer Services |
372.10 |
-0.40 |
| State
Bank Of India |
478.45 |
-4.45 |
| Tata
Motors |
411.50 |
+1.30 |
| Tata
Power |
314.60 |
+3.65 |
| TISCO |
289.35 |
+1.75 |
| Wipro |
582.15 |
-11.00 |
| Zee
Telefilms |
149.90 |
-2.80 |
Others
Indiabulls listed at Rs 23.85, at a 26 per cent
premium
IBP down 4.2 per cent at Rs563
State Trading Corporation down 1.23 per cent at
Rs84.4
Biocon up 2.15 per cent at Rs544.10
Cipla up 1.67 per cent at Rs286.05
Divi's Lab up 4.06 per cent at Rs1321.45
Glenmark Pharma up 10 per cent at Rs235.70
IPCA Laboratories up 2.58 per cent at Rs645
Lupin Laboratories up 2.63 per cent at Rs710.95
Universal Cables up 9.87 per cent at Rs36.75
Vindhya Telelinks up 9.9 per cent at Rs67.70
Mastek up 5.19 per cent at Rs352.65,
GSFC up 13.15 per cent at Rs79.15,
GMDC up 7.56 per cent at Rs263.30
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Trading
time extended at BSE
Mumbai: The stock exchange (BSE) has extended its
trading time by 40 minutes to 4.10 pm (IST) from the existing
3.30 pm with effect from today and the new timing will
continue till October 9.
The
changes were made due to sun outage, which was likely
to disrupt the VSAT services, a BSE statement said.
According
to it, the login timings will be from 9.00 am to 9.55
am and the session will be continued to till 4.10 pm.
The closing session will be from 4.10 pm to 4.20 and post
closing will be from 4.20 pm to 4.40.
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India
is IFC's third largest investment destination
Mumbai: India has emerged as the third largest
investment destination for International Finance Corporation
(IFC) with investments of over $1.5 billion.
At the end of fiscal 2004, IFC had an exposure of $1.4
billion on its own account and $167 million for B-loan
participants. ( B-loans are where instead of direct participation
IFC lends to a consortium of banks that on-lends to projects.)
According to the IFC, the current year too is expected
to be an excellent one as far as investments in India
are concerned and total investment could exceed that of
the previous year.
The Washington-based private funding arm of the World
Bank has invested in 84 companies that operate in financial
markets, agri-business, oil and gas, healthcare and manufacturing,
according to the firm's annual report.
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Oppenheimer
Funds Inc holdings in NIIT at 10.02 percent
New Delhi: Investment advisor Oppenheimer Funds
Inc (OFI) has informed the NSE that it now holds 10.02
per cent in NIIT Ltd.
"As of the close of business on August 30, 2004 OFI
had voting and/or dispositive power with respect to an
aggregate 19,36,620 shares of the company's common stock
on behalf of various OFI clients. Our record indicates
that OFI currently holds 10.02 per cent of the outstanding
shares of the company on behalf of OFI clients,"
NIIT Ltd informed the NSE on behalf of Oppenheimer Funds
recently.
As per the communiqué from Oppenheimer Funds to
NIIT dated September 1, 2004 the above percentage was
calculated based on its understanding that NIIT has 1,93,24,640
shares of common stock outstanding.
NIIT Ltd shares have started trading on the BSE and the
NSE from August 16, 2004.
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NTPC
to list around Diwali
New Delhi: National Thermal Power Corporation (NTPC)
is expected to list on the stock exchanges around Diwali.
As per the tentative schedule, the listing may take place
on November 8 or 9.
NTPC's initial public offering (IPO) of 86.5 crore shares
through a 100 per cent book-built issue will open on October
7 and close on October 14. The company has fixed a price
band of Rs52-Rs62 per share of Rs10 each. The pricing
for the issue will be decided on October 16.
At the top of the band, NTPC could mop up Rs5,368 crore,
half of which will go to the Government as its share for
the sale of 43.29 crore shares. At the lower end of the
band, the power major could mop up Rs4,498 crore.
Post-IPO, the Government's stake in NTPC will decline
to 89.50 per cent.
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Indiabulls
and Crew B.O.S list at premium
Mumbai: The stocks of Indiabulls Financial Services
and Crew B.O.S Products debuted on the bourses today,
at levels higher than their issue prices, while Sah Petroleums
opened at issue price.
Indiabulls closed the day's trade at Rs23.85. Over 75
lakh shares were traded on the BSE. Crew B.O.S Products
had closed the IPO at an issue price of Rs35. The scrip
closed at Rs47.15. Over 36 lakh shares were traded in
the counter, touching a value of Rs15.93 crore for the
day.
Sah Petroleums opened at Rs35 on the BSE and closed at
Rs33.30. Over 23 lakh shares were traded on the NSE at
a turnover value of Rs8.15 crore.
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