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Markets:
Sensex down another 40
Mumbai: The BSE Sensex closed at 5676.73, down
40.81 points to Monday's close of 5717.54. The S&P
CNX Nifty ended in negative territory as well closing
at 1786.90, down 20.85 points.
Market Gainers
Infosys, HDFC, Ranbaxy, BHEL, Amara Raja Batteries, Patni
Computers, ITI, HMT
Market Losers
Bharti Tele, Grasim, ONGC, Reliance, Wipro, i-flex Solutions,
TCS, Tata Steel, SAIL, ACC, Grasim, State Bank of India,
Nava Bharat Ferro Alloys, Praj Industries, Sesa Goa, GE
Shipping
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
268.85 |
-6.70 |
| Bajaj
Auto |
996.05 |
-12.70 |
| Bharti
Televentures |
151.70 |
-5.20 |
| BHEL |
622.90 |
+6.20 |
| Cipla |
285.85 |
-2.65 |
| Dr.
Reddys Laboratories |
754.05 |
-8.25 |
| Grasim
Industries |
1,149.75 |
-26.00 |
| Gujarat
Ambuja |
357.15 |
-6.80 |
| HDFC |
690.05 |
+9.50 |
| HDFC
Bank |
402.90 |
-5.45 |
| Hero
Honda Motors |
426.10 |
-4.25 |
| Hindalco
Industries Limited |
1,328.30 |
-14.80 |
| Hindustan
Petroleum Corp |
317.60 |
-5.90 |
| HLL |
126.90 |
-1.50 |
| ICICI
Bank |
289.30 |
+3.2 |
| Infosys
Technologies |
1,712.25 |
+27.00 |
| ITC |
1,107.00 |
-2.00 |
| Maruti
Udyog |
357.90 |
-2.55 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
791.60 |
-14.60 |
| Ranbaxy
Labs |
1,075.70 |
+13.20 |
| Reliance
Energy |
658.55 |
-0.75 |
| Reliance
Industries |
546.90 |
-0.75 |
| Satyam
Computer Services |
534.95 |
-11.95 |
| State
Bank Of India |
388.85 |
+0.60 |
| Tata
Motors |
469.35 |
-10.55 |
| Tata
Power |
406.55 |
-8.60 |
| TISCO |
294.35 |
-5.65 |
| Wipro |
626.45 |
-3.85 |
| Zee
Telefilms |
154.80 |
-2.80 |
Others
Praj Industries down 3.8 per cent at Rs232.35
GE Shipping down Rs6.9 at Rs171.4
Amara Raja Batteries up Rs5.35 at Rs85.95
Patni Computers up 1.8 per cent at Rs358.75
ITI up 10.6 per cent at Rs18.85
HMT up 20 per cent at Rs26.2
Balaji Telefilm down 1.16 per cent at Rs97.80
Adlabs gained 3.38 per cent at Rs107
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LIC's
H1 market investments at Rs40,000 crore
Mumbai: Life Insurance Corporation has invested
about Rs.40,000 crore in the securities market during
six months ended September 2004, company officials have
said.
According to LIC officials, the book value of investments
made in the six-month ending September is Rs40,000 crore,
of which, fifty five per cent are in government bonds.LIC
has invested about Rs6,000 crore in the equity market.
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Canpremium
declares dividend of 7.5 per cent
Mangalore: Canbank Mutual Fund has declared income
distribution of 7.50 per cent on the face value of Rs10
in its Canpremium scheme under the income plan, according
to a press release by Canbank Investment Management Services
Ltd here.
The release said that October 21 has been fixed as the
record date for the income distribution, and all the units
holders whose names appear in the register as on that
date are eligible for this income distribution.
The NAV of the scheme is Rs19.80 (growth plan) and Rs15.34
(income plan) as on October 7.
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SAT
provides temporary relief for brokers
Mumbai: The Securities Appellate Tribunal (SAT)
has granted temporary relief to over 100 brokers whose
disputes on broker fees with the Securities and Exchange
Board of India is pending.
SEBI had announced an interest liability regularisation
scheme in order to quickly resolve brokers' issues on
applicable fee assessment and payment. However, 109 brokers
whose dispute with SEBI is pending with SAT were not qualified
to participate in this scheme.
In an interim order passed today, SAT ruled that brokers
who have appealed to SAT in the payment of 'fee continuity'
should be allowed to participate in SEBI's interest liability
regularisation scheme.
The order also threw out SEBI's condition that the appellants
should give a bank guarantee for the balance amount pending
appeal.
Under SEBI's scheme, stockbrokers who have outstanding
fee liabilities, principal or interest, as on October
1, 2004, may pay the entire outstanding amount of principal,
together with 20 per cent of the outstanding interest
as on that date. On payment of these amounts during the
regularisation period, stockbrokers shall not be liable
for payment of the balance 80 per cent of the outstanding
interest.
The regularisation period is from October 15 to November
15.The fee continuity issue has been on since 1992, when
SEBI introduced the turnover fees for brokers. According
to this, brokers are liable to pay fees as a percentage
of their annual turnover, as against a fixed sum. The
tribunal will hear the case again on Monday October 18.
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