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Markets:
Oil prices weigh down sentiment
Mumbai: The BSE Sensex declined by 7 points to
close at 5679.83 points. The NSE Nifty declined 11 points
or 0.50 per cent to close at 1786 points.
Market Gainers
HDFC, ICICI Bank, Bongaigaon Refinery, Kochi Refinery,
Infosys, Satyam, Wipro, TCS, CMC, Hexaware Technologies,
Eastern Silk, Taj GVK, Vardhman Spinning, Nicholas Piramal
Market Losers
Tata Power, Bharti Tele-Ventures,
Wipro, ONGC, HPCL, BPCL, IPCL, IBP
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
264.50 |
0.00 |
| Bajaj
Auto |
983.90 |
0.00 |
| Bharti
Televentures |
147.70 |
0.00 |
| BHEL |
616.35 |
0.00 |
| Cipla |
280.15 |
0.00 |
| Dr.
Reddys Laboratories |
750.55 |
0.00 |
| Grasim
Industries |
1,133.95 |
0.00 |
| Gujarat
Ambuja |
353.40 |
0.00 |
| HDFC |
649.00 |
0.00 |
| HDFC
Bank |
409.50 |
0.00 |
| Hero
Honda Motors |
420.05 |
0.00 |
| Hindalco
Industries Limited |
1,240.90 |
0.00 |
| Hindustan
Petroleum Corp |
324.90 |
0.00 |
| HLL |
126.25 |
0.00 |
| ICICI
Bank |
294.30 |
0.00 |
| Infosys
Technologies |
1,761.60 |
0.00 |
| ITC |
1,103.75 |
0.00 |
| Maruti
Udyog |
357.90 |
0.00 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
793.60 |
0.00 |
| Ranbaxy
Labs |
1,081.95 |
0.00 |
| Reliance
Energy |
644.20 |
0.00 |
| Reliance
Industries |
550.55 |
0.00 |
| Satyam
Computer Services |
395.95 |
0.00 |
| State
Bank Of India |
460.30 |
0.00 |
| Tata
Motors |
405.55 |
0.00 |
| Tata
Power |
307.00 |
0.00 |
| TISCO |
284.55 |
0.00 |
| Wipro |
638.70 |
0.00 |
| Zee
Telefilms |
154.15 |
0.00 |
Other
IPCL down Rs11.85 at Rs202.70
Kochi Refinery up Rs1.6 at Rs194.25
Hexaware up Rs25.45 at Rs516.95
Balaji Telefilms up Rs1.95 at Rs99.8
Syndicate Bank down Rs1.25 at Rs38.4
Sterlite Optical Technologies up Rs8.1 at Rs65.75
Shasun Chemicals up Rs2.3 at Rs426.2
Matrix Laboratories up 9 per cent at Rs1,850.50
Ind-Swift up Rs18 at Rs208.40
Varun Shipping up Rs1.05 at Rs30.95
Nagarjuna Construction up Rs7.45 at Rs289
Sterlite Optical Technologies up13.85 per cent
at Rs65.75
Birla Ericsson up 10.03 per cent at Rs21.95
Aksh Optifire up 4.40 per cent at Rs21.35
Vindya Telelinks up 10.83 per cent at Rs62.40
Surana Telecom up 3.59 per cent at Rs64.90
Shree Digvijay Cement Company Ltd up 1.49 per cent
at Rs75
Nicholas Piramal up 7.25-per cent at Rs1,036.45
Gujarat Industrial Power Company down 1.23 per
cent at Rs64.35
KPIT Cummins Infosystems up 3.71 per cent at Rs477.40
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SSI
investors move High Court
Mumbai: A Group of investors in SSI shares have
filed a writ petition in the Mumbai High Court seeking
to annul/ reverse all transactions in the shares of the
company that were traded on October 12 on the BSE and
NSE.
The investors have also pleaded that the court directs
SEBI to carry out a detailed enquiry into the matter.
These investors sought to treat October 14 to 19 as the
no-delivery period for the shares instead of October 12
to 19 in view of the removal of the price band for the
shares on the exchanges on October 14.
The investors had suffered heavy losses running into crores
of rupees following the sharp fall in the stock price
of SSI on October 14, the next trading day, as the BSE
and NSE removed the circuit filter. The investors who
bought shares on October 12 at around Rs165 later realised
that they would not receive shares of the de-merged IT
company, but only in the residual business.
According to the petition, the investors have charged
that the BSE and NSE should have removed the price bands
on the first day of the no-delivery period, that is on
October 12 or, as an alternative, the exchanges should
have suspended trading in SSI shares, till the completion
of allotment of shares of the new entity, to protect the
interest of shareholders.
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Birla
Sun Life acquires asset rights of Alliance
Mumbai: Birla Sun Life Mutual Fund has signed an
agreement with Alliance Capital Asset Management to acquire
the rights to manage the latter's Indian mutual fund assets.
The agreement is subject to regulatory approvals.
Alliance Capital Management has been on the lookout for
a buyer for its mutual fund business for nearly two years
now.
Alliance Capital said that after a lengthy review of strategic
options available for its Indian mutual fund business,
it had decided that growth opportunities for ACAM, its
joint-venture asset management business, had diminished.
Alliance Capital Asset Management (India) (ACAM) had assets
under management of Rs1,951 crore at the end of September
2004.
As per the deal, Birla Sun Life AMC has bought only the
funds of ACAM. While Birla has an option to approach the
employees of ACAM, they are not legally bound to hire
anyone. The liability of the AMC has also not been taken
over by Birla Sun Life.
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