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Markets:
Q2 results hoist sentiments
Mumbai: The Sensex gained 11.78 points to close
at 5662.87 points after touching an intra day high of
5699.18. The Nifty gained 2.8 points to close at 1783.85
points.
Market Gainers
Nav Bharat Ferro Alloys, Gujarat NRE Coke, ACC, Gujarat
Ambuja, Chennai Petroleum, Kochi Refineries, Alembic,
Amara Raja Batteries, Titan Industries, Glenmark Pharma,
Vimta Labs, Shasun Chemicals, Dishman Pharmaceuticals,
Pfizer, Ind Swift, Elder Pharma, Aventis Pharma, Ajanta
Pharma, Aurobindo Pharma, Dr Reddy's, Cipla, Aventuis
Pharma, Glaxo, Ind Swift Labs, Valecha Engineering,
Sat Investeck, Saregama India, Coral Labs, FACT, Precision
Wires, Shah Alloys, Reliance Capital, Maruti, Subex
Systems, Geometric Software, Rallis India, Bharat Electronics,
Eimco Elecon, Hikal, Siemens, Phoenix Mills, Ravalgaon
Sugar
Market
Losers
Kirloskar Brothers, Kirloskar Oil Engines
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
259.05 |
+7.45 |
| Bajaj
Auto |
948.05 |
0.00 |
| Bharti
Televentures |
157.85 |
0.00 |
| BHEL |
633.05 |
0.00 |
| Cipla |
271.90 |
0.00 |
| Dr.
Reddys Laboratories |
757.20 |
+22.40 |
| Grasim
Industries |
1,114.65 |
0.00 |
| Gujarat
Ambuja |
341.80 |
+8.15 |
| HDFC |
658.75 |
0.00 |
| HDFC
Bank |
417.10 |
0.00 |
| Hero
Honda Motors |
437.00 |
0.00 |
| Hindalco
Industries Limited |
1,247.80 |
0.00 |
| Hindustan
Petroleum Corp |
306.55 |
0.00 |
| HLL |
120.40 |
0.00 |
| ICICI
Bank |
290.10 |
0.00 |
| Infosys
Technologies |
1,868.40 |
+5.75 |
| ITC |
1,085.05 |
-4.15
|
| Maruti
Udyog |
359.55 |
-0.00 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
793.20 |
0.00 |
| Ranbaxy
Labs |
1,066.90 |
0.00 |
| Reliance
Energy |
629.25 |
0.00 |
| Reliance
Industries |
541.20 |
10.55 |
| Satyam
Computer Services |
380.65 |
0.00 |
| State
Bank Of India |
448.60 |
-3.20 |
| Tata
Motors |
408.95 |
0.00 |
| Tata
Power |
304.50 |
0.00 |
| TISCO |
291.65 |
+2.20 |
| Wipro |
641.45 |
0.00 |
| Zee
Telefilms |
154.25 |
0.00 |
Other
Satyam
Computer up Rs11 at Rs380.65
Chennai Petro up 12.20 per cent at Rs245.60
Bongaigaon Refinery up 8.12 per cent at Rs97.20
Mangalore Refinery up 4.54 per cent at Rs46.05
Kochi Refinery up 4.02 per cent at Rs200.60
Jayaswal Neco up 10.71 per cent at Rs16.85
Kirloskar Ferrous Industries Ltd. up 5.36 per
cent at Rs25.55
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HSBC
offloads 6.1 percent in SSI
Chennai: SSI Ltd has informed the National Stock
Exchange that HSBC Financial Services (Middle East)
Ltd has sold 8,22,154 equity shares of Rs10 each (6.105
per cent) of the company. The date of sale was October
14 and was done through the open market.
The shareholding of HSBC Financial Services (Middle
East) Ltd after the sale is 1,000 equity shares (0.007
per cent) of SSI Ltd.
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SEBI
rejects Creditcapital's proposal for portfolio management
services
Kolkata: The Securities and Exchange Board of
India (SEBI) has rejected an application by Creditcapital
Asset Management Company, which manages the schemes
of Taurus Mutual Fund, for registration as a portfolio
manager.
The order, passed by A.K. Batra, Wholetime Member of
SEBI, refers to the AMC's application sent in March
this year, which, inter alia, named its directors. The
regulator specifically referred to certain actions that
were initiated or were pending against the applicant
or these associates.
For
the record, the directors are: Lalit Bhasin, R.K. Gupta,
J.P. Kundra, P. Murari, M.G. Gupta and Jai Singh. The
associates companies are: HB Securities, RRB Master
Securities, Bhasin Share & Stock Brokers, Raja Ram
Bhasin Share & Stock Brokers, HB Prima Capital and
RRB Master Holdings. The regulator pointed out that
there were enquiry proceedings against entities such
as HB Securities and RRB Master Holdings, while a warning
was issued against HB Portfolio, promoter of the applicant
company. Lalit Bhasin, one of the directors of the latter,
is also a director of HB Stockholdings, against whom
enquiry proceedings were initiated.
The
regulator further noted that the applicant company had
failed to fulfil the networth criteria separately for
mutual fund and portfolio management services. Incidentally,
SEBI granted a personal hearing, which led to an appearance
by R.K. Gupta on August 26.
Keeping
in view the multiple legal proceedings against the company,
SEBI has taken the view that a fresh registration (to
act in a new capacity in the securities market) will
not be desirable at the moment.
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