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Bush,
corporates' performance ignite sentiment
Mumbai: At the BSE, the 30-share Sensitive Index
(Sensex) ended with a gain of 87.78 points (1.53 per cent)
at 5,842.54, its best close since April 27. The NSE's
S&P CNX Nifty gained 23.70 points (1.31 per cent)
to close at 1,837.40. The last three trading sessions,
including Wednesday, has seen the Sensex gain 193 points.
Market Gainers
ACC, Bharti TeleVentures, BHEL, Dr Reddy's Laboratories,
Grasim Industries, HDFC Bank, Hindalco, HLL, HPCL, HDFC,
ITC, ICICI Bank, Infosys Technologies, L&T, ONGC,
Reliance Industries, Ranbaxy Laboratories, Reliance Energy,
Satyam Computers, State Bank of India, Tata Steel, Wipro,
Zee Telefilms, Jindal Iron & Steel Company, Jindal
Vijayanagar Steel, Sesa Goa, SAIL, Sterlite Industries,
Saw Pipes, Hindalco, TCS, MphasiS BFL, Polaris Labs, Patni
Computers, Moser Baer, HCL Technologies, i-flex Solutions
Market Losers
Bajaj Auto, Cipla, Gujarat Ambuja Cements, Hero Honda
Motors, Maruti Udyog, Tata Power, TVS Motor Company, Mahindra
& Mahindra, Ashok Leyland
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
264.45 |
| Bajaj
Auto |
981.90 |
| Bharti
Televentures |
159.40 |
| BHEL |
639.35 |
| Cipla |
276.90 |
| Dr.
Reddys Laboratories |
768.15 |
| Grasim
Industries |
1,145.20 |
| Gujarat
Ambuja |
351.45 |
| HDFC |
667.45 |
| HDFC
Bank |
428.45 |
| Hero
Honda Motors |
429.05 |
| Hindalco
Industries Limited |
1,241.95 |
| Hindustan
Petroleum Corp |
311.05 |
| HLL |
128.30 |
| ICICI
Bank |
307.25 |
| Infosys
Technologies |
1,961.65 |
| ITC |
1,135.60 |
| Maruti
Udyog |
378.20 |
| MTNL |
125.90 |
| ONGC |
799.20 |
| Ranbaxy
Labs |
1,127.25 |
| Reliance
Energy |
636.65 |
| Reliance
Industries |
543.65 |
| Satyam
Computer Services |
390.80 |
| State
Bank Of India |
487.65 |
| Tata
Motors |
419.50 |
| Tata
Power |
315.75 |
| TISCO |
298.85 |
| Wipro |
675.00 |
| Zee
Telefilms |
154.50 |
Others
UB Holdings up 9.02 per cent at Rs47.15
Thirumalai Chemicals up 1.99 per cent at Rs113
Mysore Cement up 2.84 per cent at Rs15.23
Kaktiya Cement up 5.61 per cent at Rs84.65
Birla Corp up 1.14 per cent at Rs137
Prism Cement up 3.8 per cent at Rs13.12
Century Textiles up 2.41 per cent at Rs152.75
Glenmark Pharma closed at Rs339.95
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Citigroup
outfits pick up stake in Tata Motors
Kolkata: Citigroup outfits, Citigroup Global Markets
and Citibank NY Citigroup GL have jointly bought 36,05,114
shares of Tata Motors, representing around 1 per cent
of the total paid-up capital of the company.
Citibank NA, another outfit of the group, has all along
been a depository for its GDRs, which were listed on the
Luxembourg Stock Exchange. After the recent conversion
of Tata Motors GDRs into ADRs and their listing on the
New York Stock Exchange, Citibank NA continued to be the
depository of ADRs.
The Citibank outfits bought the shares through the BSE
on October 21. Citigroup Global Markets picked up 15.97
lakh shares of Tata Motors at Rs411each, while Citibank
NY Citigroup GL purchased 20.08 lakh shares at Rs411.51
each.
Among the FIIs who currently stay invested in Tata Motors
shares in India are Government of Singapore, HSBC Global
Investment Fund, Templeton Fund Inc and Janus Special
Equity Fund.
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Boyer
Allan may double size to over $100 million
Mumbai: Boyer Allan Investment Management Ltd,
one of the larger hedge funds investing in India, expects
to double its India-specific fund by the middle of next
year.
The fund, launched last year, is currently worth $50 million,
and is seeking to raise money from the US and European
institutions to scale a size of over $100 million by summer.
The fund has a broad-based strategy of investing and does
not particularly have a sector preference in stock picking.
The fund expects good double-digit returns this year from
its Indian investments. The hardening of interest rates
is a sign of the strength of the Indian economy, said
fund officials.
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