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Markets: Reliance casts its shadow
Mumbai: The BSE Sensex closed the day at 6035.03 points, a loss of 0.92 points from the previous close of 6036 points. The Nifty too ended flat, at 1901 points, 3 points lower than the previous day's close.

Market Gainers
ITC, HDFC, HDFC Bank, Larsen & Toubro, Hero Honda, E-Serve, Wipro, VSNL, Patni Computer, DCM Shriram Consolidated, Shri Dinesh Mills, Himmatsingka Siede

Market Losers
Reliance Capital, Reliance Industrial Infrastructure Ltd (RIIL), ONGC, ICICI Bank, Reliance Industries, Grasim, Aventis, Atlas Copco, Ondeo Nalco, Apollo Hospitals

Market Counters
BSE 30

Figures in Rupees
Gain (+) / Loss (-)

ACC 287.00 -0.60
Bajaj Auto 999.90 -0.45
Bharti Televentures 167.60 +3.05
BHEL 607.75 -9.50
Cipla 273.35 +4.10
Dr. Reddys Laboratories 809.70 +15.20
Grasim Industries 1,112.10 -21.45
Gujarat Ambuja 364.80 -2.95
HDFC 767.65 +16.00
HDFC Bank 499.05 +15.55
Hero Honda Motors 473.15 +26.65
Hindalco Industries Limited 1,283.85 -3.50
Hindustan Petroleum Corp 335.70 -7.65
HLL 135.90 +3.00
ICICI Bank 319.80 -6.60
Infosys Technologies 2,031.20 +7.95
ITC 1,275.45 +21.00
Maruti Udyog 397.25 +1.40
MTNL 125.90 -0.90
ONGC 796.10 -14.05
Ranbaxy Labs 1,064.35 -1.25
Reliance Energy 549.10 -34.00
Reliance Industries 503.55 -11.45
Satyam Computer Services 424.55 -1.10
State Bank Of India 512.45 -5.45
Tata Motors 464.80 +7.45
Tata Power 337.95 -1.70
TISCO 310.90 -1.60
Wipro 736.70 +21.60
Zee Telefilms 153.45 -4.15

Others
Reliance Energy down Rs34 at Rs549.1
HCL Infosystems up Rs60 at Rs748
LMW up Rs279 at Rs8,000
Trent up Rs54.9 at Rs513.7
United Phosphorus up Rs24.7 at Rs731
Kothari Products up Rs31.7 at Rs284
Mercator Lines down Rs39 at Rs855.5
AstraZeneca Pharma down Rs78 at Rs1,406
Lotte India down Rs12.4 at Rs175.7
Reliance Capital down Rs7 at Rs136.25
RIIL down Rs3.30 at Rs73.15
Trent up 11.98 per cent at Rs513.75
Monozyme India up 5 per cent at Rs25.91
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Ramco Systems to issue shares on preferential basis
Chennai: Ramco Systems Ltd will issue up to 2.49 lakh securities in the form of warrants, convertible to equity shares, by way of preferential allotment to a select investor which it has declined to name. The company has indicated that the investor may be a consulting firm.

The Chennai-based software firm will also issue up to 6.11 lakh equity shares by way of preferential allotment to the promoter group (Ramco), at a price to be determined in accordance with the SEBI guidelines, according to a communication from the company to the stock exchanges.

Ramco will also issue nine lakh stock options under the Employee Stock Option Scheme, 2004 to its senior key managerial personnel, and one-lakh equity shares under the Employee Stock Purchase Scheme, 2004 to senior key managerial personnel.

Ramco has convened an extraordinary general meeting of the members of the company on December 24, to seek their approval, the release said.
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LIC Mutual launches outsourcing fund
Mumbai: The LIC Mutual Fund is launching an India Outsourcing Fund. This open-ended equity fund would invest in sectors that are providing good outsourcing opportunity and has good growth potential in the medium to long term, according to the offer document.

The fund would invest up to 100 per cent of its corpus in equity, but has the option of investing 15 per cent in debt and money market instruments.

The fund offers growth and dividend options. The minimum application amount is Rs5,000 at Rs10 per unit.
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HDFC AMC to unveil capital guard fund
Mumbai: The HDFC Asset Management Company is launching a capital guard fund, according to the offer document filed with Securities and Exchange Board of India.

This open-ended income fund would comprise of several series and would offer various investment plans of fixed maturities within each series.

The scheme through its plans of different investment maturities will endeavour to offer high safety of capital over the tenor of the respective plans by investing predominantly in Central Government Securities while retaining some upside from investments in equities, says the offer document.

Each plan will offer growth and dividend options and the minimum application amount is Rs5,000. The fund seeks to raise a minimum subscription amount of Rupees One crore during the initial public offer. Units are available at Rs10 per unit during the IPO, according to the document.
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domain-B : Indian business : News Review : 26 November : markets