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Sensex
tumbles 60 points at close
Mumbai: The Sensex recorded a loss of 59.57 points
as it closed at 5581.49, while the broader 50 stock
Nifty index of the National Stock Exchange ended at
1757.25, netting a loss of 1.26% or 22.50 points.
Market Gainers
Infosys Technologies, BHEL, HDFC Bank, Bharti Tele-Ventures.
Market Losers
State Bank of India, ICICI Bank, ACC, Grasim Industries,
Gujarat Ambuja Cement, Hero Honda, Tata Motors, Maruti
Udyog, Bajaj Auto, Hindalco, Tisco SAIL, Wipro, Satyam
Computers, Tata Power, Reliance Energy, Reliance Industries,
ONGC, HDFC, Hindustan Lever, ITC, Zee Telefilms
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
254.35 |
-9.45 |
| Bajaj
Auto |
929.05 |
-26.95 |
| Bharti
Televentures |
150.85 |
+2.10 |
| BHEL |
642.05 |
+12.20 |
| Cipla |
269.95 |
-5.30 |
| Dr.
Reddys Laboratories |
743.65 |
-5.40 |
| Grasim
Industries |
1,095.00 |
-34.05 |
| Gujarat
Ambuja |
344.20 |
-14.80 |
| HDFC |
654.50 |
-8.95 |
| HDFC
Bank |
408.65 |
+4.45 |
| Hero
Honda Motors |
416.50 |
-3.10 |
| Hindalco
Industries Limited |
1,212.25 |
-16.75 |
| Hindustan
Petroleum Corp |
306.65 |
-15.95 |
| HLL |
123.55 |
-1.30 |
| ICICI
Bank |
285.45 |
-5.20 |
| Infosys
Technologies |
1,819.35 |
+41.65 |
| ITC |
1,079.60 |
-2.90 |
| Maruti
Udyog |
348.80 |
-9.05 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
791.60 |
-7.15 |
| Ranbaxy
Labs |
1,068.25 |
-1.90 |
| Reliance
Energy |
616.30 |
-20.40 |
| Reliance
Industries |
536.30 |
-2.55 |
| Satyam
Computer Services |
353.90 |
-17.15 |
| State
Bank Of India |
439.10 |
-23.10 |
| Tata
Motors |
392.60 |
-17.70 |
| Tata
Power |
300.85 |
-13.15 |
| TISCO |
279.55 |
-4.10 |
| Wipro |
634.15 |
-6.75 |
| Zee
Telefilms |
151.80 |
-2.25 |
Other
Revathi
Equipments down 1.12 per cent at Rs305.35
Atlas Copco (India) at Rs622, up 0.94 per cent,
Ind Swift Labarotories up 4.97 per cent at Rs135.05
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SIDBI
Venture fund from SIDBI for SME sector
Mumbai: The Small Industries Development Bank
of India has launched a venture capital fund with a
corpus of Rs500 crore, dedicated to the SME sector.
The SME growth fund has an eight-year tenor and has
been established with the objective of meeting the long-term
risk capital requirement of innovation and technology-oriented
units in this sector, according to the SIDBI Venture
Capital Ltd.
So far, SIDBI has tied up around Rs375 crore for the
fund, with participation from banks such as Punjab National
Bank, Oriental Bank of Commerce, Bank of Baroda, Union
Bank of India and Bank of India.
The focus of the fund will be in sectors where VCs are
evincing an interest such as software, biotech, pharma,
design, R&D and outsourcing sectors. The fund will
invest in domestic SME units having superior growth
potential, rapid scalability.
SIDBI along with seven major banks is setting up a credit
rating agency for SSIs and SMEs which is expected to
be operational by January 1, The idea is to develop
rating models that help gauge the viability of units,
in need of finance.
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Gold
prices hit record highs
Mumbai: Gold prices have hit an all-time high
in India on strong demand ahead of the festive season.
In Mumbai, gold prices touched a high of Rs6600 per
10 gram.
In
Delhi, gold prices shot up on the bullion market on
brisk buying by stockists coupled with a firm international
trend to close higher by Rs60 at Rs6435 per ten gram.
The
trading sentiment was mainly influenced by reports of
heavy speculative buying overseas as the US dollar fell
against the euro and crude oil prices rose higher.
In
the international markets, gold is trading at nearly
430 dollars an ounce.
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