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Sensex up 73 points at 10:21hrs
Mumbai: Trading has got off to a rollicking start on the major bourses this morning. The benchmark BSE index Sensex, opened with a positive gap of around 32 points at 5706.32 and was up by a little over 1.28 per cent or 72.65 points at 5748.19. On the National Stock Exchange, the 50 stock Nifty index rose 1.53 percent or 27.15 points over its previous closing level to 1802.30.

Information technology stocks were upbeat. Automobile stocks were up sharply over their previous closing levels. Cement stocks Gujarat Ambuja Cement, Grasim Industries and ACC had recorded gains. Tata Power, BHEL, Reliance Energy, Tisco, Dr. Reddy's Laboratories, Hindustan Lever, Reliance Industries, Ranbaxy Laboratories, HDFC Bank, ICICI Bank and Hindustan Petroleum Corporation have also recorded notable gains.

US Index Report
Date Oct 1 2004


DJIA

Dow Jones Industrial Average

10192.65

+112.38

NASDAQ

Nasdaq Composite

1942.2

+45.36

INDIAN ADRs on NASDAQ and NYSE
Date Oct 1 2004

IBN

ICICI Bank Ltd

$ 14.25

+0.45

INFY

Infosys Technologies Ltd

$ 58.39

+1.79
REDF
Rediff.com India Ltd
$ 7.839
+0.239
SIFY
Sify Ltd
$ 5.74
+0.08
VSL
Videsh Sanchar Nigam Ltd
$ 7.60
+0.09
WIT
Wipro Ltd
$ 19.30
+0.41
RDY
Dr.Reddys Laboratories Ltd
$ 16.78
+0.66
SAY
Satyam Computer Services Ltd
$ 23.82
+0.70
HDB
HDFC Bank
$ 33.55
-0.40
MTE
Mahanagar Telephone Nigam Ltd
$ 7.15
+0.10

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IOB's new scheme for PSU issues
Visakhapatnam: Indian Overseas Bank (IOB) has devised a special financing scheme for the public to invest in the shares of public sector units (PSUs) such as NTPC, according to a bank release.

The interest rate for these loans will be 9.5 per cent and 60 per cent of the offer price, subject to a ceiling of Rs10 lakh per individual, can be taken from the bank, according to Mr A.J Prasad, Senior Regional Manager.

There will be no pre-payment charges and no guarantee is required.
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domain-B : Indian business : News Review : 4 October 2004 : markets