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Markets:
Sensex recoups losses with a gain of 70 points
Mumbai: The BSE Sensex gained 70 points or 1.25
per cent, ending at 5651.09 points, up from its previous
close of about 5581 points. The S&P CNX Nifty rose
about 39 points or 1.35 per cent to close at 1781.05.
Market
Gainers
Reliance, Infosys, Tata Steel, Hindalco, Tata Motors,
SBI, AstraZeneca Pharma, Nicholas Piramal, Aventis Pharma,
Cadila Healthcare, Matrix Laboratories, Aurobindo Pharma,
Titan, Britannia, GlaxoSmithkline Healthcare, HCL Technologies,
Gujarat Alkali, Mid-day Multimedia, Mirza Tanners, Alembic,
Lloyds Steel, Pearl Global, Alps Industries, Sintex,
Gujarat NRE Coke, Nucleus Software
Market
Losers
Gujarat Ambuja Cement, L&T
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
251.60 |
-2.75 |
| Bajaj
Auto |
942.15 |
+13.10 |
| Bharti
Televentures |
155.15 |
+4.30 |
| BHEL |
640.55 |
-1.50 |
| Cipla |
267.30 |
-2.65 |
| Dr.
Reddys Laboratories |
734.80 |
-8.85 |
| Grasim
Industries |
1,107.25 |
12.25 |
| Gujarat
Ambuja |
333.65 |
-10.55 |
| HDFC |
640.40 |
14.10 |
| HDFC
Bank |
409.55 |
+0.90 |
| Hero
Honda Motors |
425.20 |
+8.70 |
| Hindalco
Industries Limited |
1,255.75 |
+43.50 |
| Hindustan
Petroleum Corp |
310.95 |
+4.30 |
| HLL |
122.45 |
-1.10 |
| ICICI
Bank |
286.95 |
+1.50 |
| Infosys
Technologies |
1,862.65 |
+43.30 |
| ITC |
1,089.20 |
+9.60 |
| Maruti
Udyog |
347.50 |
-1.30 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
800.05 |
+8.45 |
| Ranbaxy
Labs |
1,070.00 |
+1.75 |
| Reliance
Energy |
630.00 |
+13.70 |
| Reliance
Industries |
551.75 |
+15.45 |
| Satyam
Computer Services |
370.20 |
+16.30 |
| State
Bank Of India |
451.80 |
+12.70 |
| Tata
Motors |
403.80 |
+11.20 |
| Tata
Power |
298.05 |
-2.80 |
| TISCO |
289.45 |
+9.90 |
| Wipro |
639.15 |
+5.00 |
| Zee
Telefilms |
154.30 |
+2.50 |
Other
Satyam
Computers up 4.6 per cent at Rs370.20
Aurobindo Pharma up Rs10.55 at Rs363.75
Tata Power down Rs2.8 at Rs298.05
Century Textiles down Rs2 at Rs146.3
Gujarat Alkali up 10 per cent at Rs74.7
Jindal Iron up by Rs13.4 at Rs257.3
CESC gained Rs2.1 at Rs123.5
Bharat Forge up Rs20 at Rs839.45
Kojam Fininvest up 4.65 per cent at Rs61.85
Mirza Tanners up 9.98 per cent at Rs141.60
ONDEO Nalco India down 6.58 per cent at Rs194.65
Denso India up 2.61 per cent at Rs55.10
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Deutsche
MF to launch international bond fund
Kolkata: Deutsche Mutual Fund has mooted a close-ended
product that will try to generate regular returns by
investing in fixed income paper normally maturing in
line with the time profile of schemes abroad.
The
proposed Deutsche International Bond Fund, will have
the Crisil Bond Fund Index as its benchmark, and will
have a duration of five years from the date of allotment.
The fund will be listed on a stock exchange within six
months of closure of the IPO.
The
offer document sent to the SEBI for approval mentions
that under ordinary circumstances, at least 65 per cent
of the assets will be allocated to domestic and foreign
debt, which may go up to 100 per cent if necessary.
A ceiling of 35 per cent has been fixed for allocations
to money market instruments and cash.
The offer document also refers to certain specific risk
factors, which investors need to bear in mind. The scheme,
which will invest partly in foreign securities, will
have variable trading volumes, settlement periods and
transfer procedures which may well restrict the liquidity
of such investments. Further, the scheme may use derivative
and hedging products with a view to protect the value
of its portfolio.
Since a part of the assets will be invested in securities
denominated in foreign currencies, the rupee equivalent
of the net assets (as well as distributions and income)
may be adversely affected by changes in the values of
such currencies. Moreover, in the event of downgrading
of sovereign credit ratings, the scheme may be affected.
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Matrix
announces bonus issue and stock split
Mumbai: Matrix Laboratories Ltd, the Hyderabad-based
bulk drugs and intermediates company, has declared it's
first bonus issue in the ratio of 1:1.
The
Board had also recommended the sub division of equity
shares into a face value of Rs2 each, as against the
current face value of Rs10 each.
The proposals would be subject to shareholder approval
at the annual general meeting in December.
Matrix
posted a net profit of Rs42 crore, up 30.79 per cent,
for the second quarter ended September 30, 2004. Gross
sales in the quarter grew by about 20 per cent at Rs170.9
crore.
For
the six months ended September 2004 (HI), Matrix recorded
a net profit of Rs82.7 crore, up 31.68 per cent over
the corresponding period last year. Gross sales in the
same period stood at Rs334 crore, up 24.09 per cent
over the same period last year. Exports accounted about
54 per cent of sales.
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Ind-Swift
goes for preferential allotment to FIIs
Mumbai: The Chandigarh-based Ind-Swift Laboratories
Ltd (ISLL) has finalised a preferential allotment of
15 lakh shares, or seven per cent of its equity, to
foreign institutional investors (FIIs) - Swiss Finance
Corporation (Mauritius) Ltd and Aeneas Portfolio Company
LP.
Further,
company officials said that the Board had also finalised
the preferential allotment of 30 lakh shares to promoters
and other corporate bodies.
ISLL
is a research-oriented company that operates in the
bulk drugs segment.
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