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Markets:
Early Christmas - Sensex closes at highest ever
Mumbai: The BSE Sensex closed at an all-time
high of 6,234.29 points, up 76.52 points (or 1.24 per
cent). Fuelled by FII flows and large-cap trading focus,
the markets continued their upsurge for the second consecutive
day. Both Reliance Industries and Reliance Energy ended
the day on a higher note for the second successive day.
The S & P CNX Nifty also appreciated by 19.15 points
(or 0.99 per cent) to close at 1,958.80 points.
Market Gainers
Punjab National Bank, HDFC, Ranbaxy Labs, Bharti Tele-Ventures,
Hindustan Lever, IDBI, Indian Overseas Bank, Bank of
Baroda, Andhra Bank, Vijaya Bank, i-flex Solutions,
Aventis Pharma, Kandagiri Spinning, Sambandam Spinning,
Vijay Textiles, RS Software, KLG Systel, Gujarat NRE
Coke, Indiabulls, Shaw Wallace, Samkrg Pistons, Infosys
Technologies, Wipro, Satyam
Market Losers
Dabur, BPCL, Shipping Corporation of India, VSNL, Sun
Pharma, Ingersoll Rand, Raymond, IFCI, UTI Bank, Jindal
Vijayanagar Steel, ITI, Aksh Optifibre, Mahindra Ugine,
Helios, Matheson, Uniphos Enterprises, Aztec Software
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
286.80 |
-3.65 |
| Bajaj
Auto |
1,010.25 |
+5.75 |
| Bharti
Televentures |
173.55 |
+5.10 |
| BHEL |
620.10 |
+3.15 |
| Cipla |
277.45 |
-1.90 |
| Dr.
Reddys Laboratories |
793.95 |
-5.90 |
| Grasim
Industries |
1,128.00 |
+10.25 |
| Gujarat
Ambuja |
368.10 |
-2.95 |
| HDFC |
800.55 |
+31.10 |
| HDFC
Bank |
495.30 |
-1.65 |
| Hero
Honda Motors |
492.65 |
+10.40 |
| Hindalco
Industries Limited |
1,307.40 |
+20.50 |
| Hindustan
Petroleum Corp |
338.70 |
-7.80 |
| HLL |
144.55 |
+4.00 |
| ICICI
Bank |
340.20 |
+3.80 |
| Infosys
Technologies |
2,148.35 |
+57.50 |
| ITC |
1,287.65 |
-2.50 |
| Maruti
Udyog |
420.10 |
+0.35 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
814.00 |
+8.50 |
| Ranbaxy
Labs |
1,124.30 |
+38.15 |
| Reliance
Energy |
560.65 |
+5.35 |
| Reliance
Industries |
516.75 |
+6.95 |
| Satyam
Computer Services |
433.20 |
+0.85 |
| State
Bank Of India |
529.70 |
+4.75 |
| Tata
Motors |
482.85 |
-7.80 |
| Tata
Power |
343.10 |
+1.25 |
| TISCO |
323.40 |
+0.60 |
| Wipro |
766.15 |
+3.95 |
| Zee
Telefilms |
152.00 |
+0.50 |
Others
Kandagiri Spinning up Rs12.95 (or 14.19 per cent)
at Rs104.20
Sambandam Spinning up Rs12.9 (or 12.5 per cent)
at Rs116.20
RS Software up 9.90 per cent at Rs36.05
Gujarat NRE Coke up 7.97 per cent at Rs127.20
Essar Steel up 2.56 per cent at Rs34.05
HDFC up 4.04 per cent at Rs800.55
Reliance Capital up Rs1.55 at Rs138.80
Reliance Industrial Infrastructure Ltd down Rs0.60
at Rs73.95
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Chidambaram:
Sensex upsurge 'reflects the fundamentals'
New Delhi: The Finance Minister, P. Chidambaram,
said that he believed that the current buoyancy in Sensex
is reflective of the fundamentals of the economy.
"I don't react (on the ups and downs of the market).
As long as the Sensex reflects the fundamentals of the
economy, which I believe it does, I am very happy,"
Chidambaram said when asked by newspersons to react
on the recent surge in BSE Sensex over the past two
days.
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SEBI:
FII investment in corporate debt not
under ceiling
Mumbai: The Securities & Exchange Board of
India (SEBI) has clarified that investment in corporate
debt is not included in the overall limit of $1.75 billion.
The Government had announced in the last budget that
overseas portfolio investments in Indian debt would
be allowed up to $1.75 billion, as against the earlier
limit of $1 billion.
It has now been clarified by the Ministry of Finance,
that the cap of $1.75 billion will be applicable to
the FIIs investment in dated Government securities and
treasury bills only, both under 100 per cent debt route
and general 70:30 route.
Thus, investment in securities other than dated Government
securities and t-bills, i.e. corporate debt, would not
be reckoned within the sub ceiling of $1.75 billion,
said a SEBI circular.
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SEBI:
CSE committee supersession further extended
Kolkata: SEBI has extended the supersession order
slapped on the committee of the Calcutta Stock Exchange.
The supersession will now be effective till June 30,
2005.
T.K. Das, formerly with the Indian Administrative Service,
has been advised to continue as the Administrator of
the exchange. Das will be required to exercise and perform
all powers and duties of the committee.
CSE has formally informed members about the extension
of the supersession.
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TCIL
defers IPO plans for 2005
New Delhi: Telecommunications Consultants India
Ltd (TCIL) has said that it has deferred its plans for
an initial public offering for the next financial year.
The company had earlier said that it was planning the
IPO for the current year.
The company plans to have an IPO, which will likely
be worth 25 per cent of TCIL's existing 288 million
equity shares.
The IPO's proceeds will be used for overseas investments
such as franchisee agreements to set up fixed and mobile
service networks, he said. TCIL mainly undertakes overseas
projects in telecom infrastructure.
Meanwhile, the company paid Rs21.60 crore as dividend
to the Government. The dividend amount represents 75
per cent of the Government's share.
During 2003-04, the turnover of the company increased
to Rs544 crore, up from Rs483 crore in the previous
year. The profit after-tax increased to Rs47 crore (Rs40
crore).
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