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Selling
pressure drives Sensex down
Mumbai: The 30-share Bombay Stock Exchange Sensitive
Index (Sensex) closed at 5,673 points, down 1.13 per cent
over its previous close. The S&P CNX Nifty closed
at 1790.05 down 18.35 points.
Market Gainers
Zee Telefilms, ACC, BHEL, Gujarat Ambuja Cements, Ranbaxy
Laboratories, Bongaigaon Refineries, Chennai Petroleum,
GAIL India, Container Corporation, Balmer and Lawrie,
Bharat Earth Movers
Market Losers
Bajaj Auto, Bharti TeleVentures, Cipla, Dr Reddy's Laboratories,
Grasim Industries, HDFC Bank, Hindalco, HLL, HPCL, HDFC,
ITC, ICICI Bank, Infosys Technologies, L&T, Maruti
Udyog, ONGC, Reliance, Reliance Energy, Satyam Computer,
State Bank of India, Tata Steel, Tata Motors, Tata Power,
Wipro
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
265.55 |
+1.15 |
| Bajaj
Auto |
982.35 |
-23.05 |
| Bharti
Televentures |
148.95 |
-2.10 |
| BHEL |
633.75 |
+7.10 |
| Cipla |
275.45 |
-4.70 |
| Dr.
Reddys Laboratories |
751.25 |
-6.45 |
| Grasim
Industries |
1,130.25 |
-11.60 |
| Gujarat
Ambuja |
359.20 |
+4.75 |
| HDFC |
652.05 |
-5.90 |
| HDFC
Bank |
410.85 |
-4.00 |
| Hero
Honda Motors |
420.35 |
-0.20 |
| Hindalco
Industries Limited |
1,231.75 |
-13.75 |
| Hindustan
Petroleum Corp |
324.80 |
-6.45 |
| HLL |
124.65 |
-1.65 |
| ICICI
Bank |
290.30 |
-6.30 |
| Infosys
Technologies |
1,758.95 |
-7.75 |
| ITC |
1,090.60 |
-7.85 |
| Maruti
Udyog |
358.90 |
-4.45 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
803.90 |
-5.65 |
| Ranbaxy
Labs |
1,090.90 |
+1.40 |
| Reliance
Energy |
638.90 |
-9.60 |
| Reliance
Industries |
548.35 |
-11.60 |
| Satyam
Computer Services |
379.55 |
-22.25 |
| State
Bank Of India |
459.70 |
-4.95 |
| Tata
Motors |
412.20 |
-3.35 |
| Tata
Power |
312.35 |
-3.60 |
| TISCO |
285.15 |
-3.35 |
| Wipro |
647.15 |
-5.10 |
| Zee
Telefilms |
160.5 |
+5.95 |
Other
Dabur Pharma down 3.97 per cent at Rs39.90
Nava Bharat Ferro Alloy up 2.59 per cent at Rs370.80
Bank of Punjab up 7.07 per cent at Rs21.95
Welspun India up 9.46 per cent at Rs111.05
Eastern Silk Industries Ltd. up 4.41-per cent at
Rs145.90
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Reliance
MF launches schemes for NRIs
Mumbai: Reliance Mutual Fund has launched two new
funds, the Reliance NRI Equity Fund and Reliance NRI Income
Fund, exclusively for non-resident Indians (NRI).
They have been launched with an objective to provide attractive
investment avenues to the NRI investors, according to
a company press release.
The Reliance NRI Equity Fund is an open-ended diversified
equity scheme that will invest in equity or equity-related
instruments primarily drawn from the companies in the
BSE-200 index. The fund offers both dividend and growth
plans.
The NRI Income Fund is an open-ended income scheme, which
will predominantly invest in debt instruments.
The issue will remain open from October 16 to November
1. Units will be available at Rs10 during the initial
public offerings, said the release.
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Dena
Bank gets approval for second public offer
Mumbai: The Union Government has given its approval
to Dena Bank for its second public issue. The issue is
for an aggregate value of Rs80 crore, comprising eight
crore equity shares of Rs10 each, the bank has informed
the BSE.
The meeting of the bank's board of directors will be held
on October 30 to take on record the Government's approval.
The bank has already set in motion the process of appointing
merchant bankers to work out the details of the public
float. The public issue will see the Government's holding
in the bank fall from 71 per cent at present to 51 per
cent, the official said.
The bank has improved its performance indicators and brought
them in line with the Reserve Bank of India (RBI) guidelines,
the official said, adding that the net non-performing
asset (NPA) levels are likely to fall below 8 per cent
when the bank announces its second quarter results.
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Mahanagar
Gas IPO slated for December 2005
Mumbai: The city-based piped gas provider Mahanagar
Gas Ltd plans to come out with its initial public offer
before December 2005 and will divest around 30 per cent
promoters' stake in the process. The company plans to
invest Rs180 crore to expand operations. MGL has reached
its piped gas network to the outskirts of Mumbai to suburbs
including Mira-Bhayendar, Vashi and Belapur.
MGL is a joint venture between GAIL(India) and British
Gas holding 49.75 per cent each and Maharashtra Government
holding 0.5 per cent.
Post-IPO, the stake of GAIL (India) stake and BG will
come down to 35 per cent each while around 30 per cent
will be held by the State Government and public.
The company has also announced MGL's tie up with the Department
of Posts for allowing its consumers to pay their bills
through 170 post offices. Around 3,500 postmen will be
able to collect payment for gas bills. MGL plans to expand
its operations to other cities in Maharashtra including
Nasik and Solapur as and when gas from Reliance's K-G
basin gas field on the east coast is available.
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