|
Markets:
Ambani clarification levels out Indices
Mumbai: The BSE Sensex ended the day at 5,963.8,
just two points higher than its previous close. The
S&P CNX Nifty closed one point higher at 1,873.35.
The barometer for the day, Reliance, after touching
a low of Rs509 rebounded to Rs532,post 'clarifications'
by the elder sibling of the Ambani clan. Reliance
Energy however took a hit, declining by 3.64 per
cent to close at Rs605.55.
Market Gainers
Tata Power, HDFC, ACC, ITC, Zee Telefilms, Nagarjuna
Fertilisers, Chambal Fertilisers, Coromandel Fertilisers,
Madras Fertilisers, GSFC, GNFC, Deepak Fertilisers,
Vardhman Spinning, Mahavir Spinning, Indian Rayon, Zodiac
Clothing,Indian Rayon, HMT, Apollo Hospitals, Indian
Card Clothing, McDowells, United Breweries
Market Losers
HPCL, Reliance Energy, Tata Steel, Reliance, ICICI Bank,
BHEL, ONGC, Ranbaxy, Gujarat Ambuja, Hero Honda
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
276.65 |
+4.40 |
| Bajaj
Auto |
985.80 |
+1.55 |
| Bharti
Televentures |
161.30 |
+0.40 |
| BHEL |
611.10 |
+7.15 |
| Cipla |
262.05 |
-3.10 |
| Dr.
Reddys Laboratories |
786.55 |
-2.45 |
| Grasim
Industries |
1,110.25 |
-2.60 |
| Gujarat
Ambuja |
358.50 |
+5.40 |
| HDFC |
726.30 |
+10.95 |
| HDFC
Bank |
483.40 |
+3.30 |
| Hero
Honda Motors |
442.85 |
+1.70 |
| Hindalco
Industries Limited |
1,275.40 |
-2.90 |
| Hindustan
Petroleum Corp |
336.50 |
-7.60 |
| HLL |
132.00 |
-1.05 |
| ICICI
Bank |
322.85 |
-2.85 |
| Infosys
Technologies |
2,026.35 |
-28.80 |
| ITC |
1,145.50 |
+2.95 |
| Maruti
Udyog |
377.70 |
-2.85 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
790.50 |
+3.40 |
| Ranbaxy
Labs |
1,053.60 |
+18.40 |
| Reliance
Energy |
605.55 |
-15.15 |
| Reliance
Industries |
532.80 |
+5.65 |
| Satyam
Computer Services |
419.55 |
-3.20 |
| State
Bank Of India |
514.35 |
+4.25 |
| Tata
Motors |
431.50 |
-5.50 |
| Tata
Power |
335.95 |
+13.45 |
| TISCO |
310.15 |
+2.45 |
| Wipro |
710.15 |
-2.20 |
| Zee
Telefilms |
157.10 |
+0.25 |
Others
Vardhman up Rs12.5 at Rs261.45
Pantaloon Retail up Rs16.5 at Rs549.3
McDowells up Rs20 at Rs105.80
United Breweries up Rs5.8 at Rs74.45
Liberty Shoes up 9.68 per cent at Rs142.15
Rama Newsprint up 9.18 per cent at Rs12.25
KLG Systel up 20 per cent at Rs98.60
Back
to News Review index page
Second
ADS from Infosys
Bangalore: Infosys Technologies intends to seek
shareholders' approval for its second sponsored Amercian
Depository Shares issue at an extraordinary general
meeting scheduled on December 18.
The ADS would be issued against the existing equity
shares to overseas investors, the company has said in
a notice to the Bombay Stock Exchange on Monday. Deutsche
Bank Trust would be the overseas depository for the
issue.
Each ADS would represent one fully paid-up equity share
of Rs5 each. The size of the sponsored ADS offering
would not exceed 1.6 crore shares, including the over
allotment options, if any, as decided by the company/underwriters,
it has said.
The pricing of ADS would be determined by the underwriters
in accordance with the provisions of regulations concerning
foreign exchange, it added.
Back
to News Review index page
Deccan
Chronicle plans launch in TN by Feb `05
Mumbai: Deccan Chronicle Holdings Ltd, which
is planning to enter the equity market with its initial
public offer, plans to launch its English newspaper,
Deccan Chronicle, in Tamil Nadu.
It plans to launch the newspaper by February 2005 with
an initial print run of 1,00,000 copies. The newspaper
will have three editions - Chennai, Tiruchi and Coimbatore
- in Tamil Nadu. The company is in the process of setting
up a press in Chennai and has acquired land in Tiruchi
and Coimbatore.
The company needs an investment of Rs 100 crore for
its Tamil Nadu foray. This requirement will be met from
the equity issue.
The company is banking on colour advertisement as it
is at a premium over black and white. "Expansion
into colour printing is the biggest revenue driver,"
Mr P.K. Iyer, Executive Director - Finance, Deccan Chronicle
Holdings Ltd, said.
The IPO is a fresh issue with 80 lakh shares plus a
greenshoe option of 12 lakh shares on offer. The price
band has been fixed at Rs 162-194 per share.
The issue being made through a 100 per cent book-building
process has reserved 60 per cent of the offer for allotment
to qualified institutional buyers on a discretionary
basis and another 15 per cent will be allotted to non-institutional
bidders. For the retail individual bidders, 25 per cent
of the issue has been allotted.
The company also plans to utilise funds from this IPO
towards new strategic initiatives, including acquisitions
in the media world.
Post-issue, the promoters' holding, currently at 100
per cent, will fall to 80 per cent.
Back
to News Review index page
|
|
