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Markets:
Yo-yo around on opening day
Mumbai: At the BSE, the Sensex hit a record new
all-time high of 6,386 points intra-day before profit-booking
pulled it down to a close of 6,322 points, the same
level as the previous day's close. At the NSE, the S&P
CNX Nifty index was down a marginal 0.15 per cent compared
to its previous close of 1996 points, after hitting
an intra-day high of over 2,010 points.
Market
Gainers
ACC,
BHEL, Dr Reddy's Laboratories, Grasim Industries, Hero
Honda, HLL, Ranbaxy Laboratories, Zee Telefilms, HPCL,
HDFC, ICICI Bank, Tata Steel, Tata Motors
Market
Losers
Bajaj Auto, Bharti TeleVentures, HDFC Bank, Hindalco,
ITC, Infosys Technologies, L&T, Maruti Udyog, State
Bank of India, Wipro, ONGC, Reliance Industries, Reliance
Energy, Hughes Software, i-flex Solutions, MTNL, Moser
Baer, NDTV, Polaris Labs, Satyam Computers, VSNL, Wipro,
TV Today
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
304.15 |
+11.80 |
| Bajaj
Auto |
1,045.30 |
-1.75 |
| Bharti
Televentures |
178.50 |
-6.95 |
| BHEL |
675.00 |
+32.70 |
| Cipla |
293.50 |
+1.50 |
| Dr.
Reddys Laboratories |
831.00 |
+16.45 |
| Grasim
Industries |
1,201.50 |
+30.15 |
| Gujarat
Ambuja |
373.05 |
+3.45 |
| HDFC |
772.15 |
+3.95 |
| HDFC
Bank |
476.70 |
-5.75 |
| Hero
Honda Motors |
487.05 |
+12.55 |
| Hindalco
Industries Limited |
1,300.20 |
-18.25 |
| Hindustan
Petroleum Corp |
379.20 |
+6.65 |
| HLL |
150.80 |
+6.20 |
| ICICI
Bank |
356.90 |
+3.45 |
| Infosys
Technologies |
2,029.90 |
-20.30 |
| ITC |
1,265.55 |
-14.50 |
| Maruti
Udyog |
428.70 |
-5.80 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
830.60 |
-10.50 |
| Ranbaxy
Labs |
1,214.80 |
+53.20 |
| Reliance
Energy |
567.25 |
-14.00 |
| Reliance
Industries |
531.10 |
-12.25 |
| Satyam
Computer Services |
410.35 |
-1.95 |
| State
Bank Of India |
576.00 |
-0.90 |
| Tata
Motors |
494.75 |
+1.75 |
| Tata
Power |
346.10 |
0.00 |
| TISCO |
330.70 |
+3.70 |
| Wipro |
741.85 |
-7.70 |
| Zee
Telefilms |
157.60 |
+7.20 |
Others
Voltas up at Rs182.50
Alstom Projects up 7.22 per cent at Rs153.65
ZICOM Electronic Security System up 3.97 per cent
at Rs99.45
Matrix Laboratories up 8.33 per cent at Rs2080.95
Bata India up at Rs86.85
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FIIs
inflows cross $8 billion - $1 billion last week alone
Mumbai: According to data released by SEBI, the
FIIs' combined investment in equity and debt last week
(November 29-December 3) touched $1.339 billion. Out
of the total inflows, $689 million was invested in equities
and $650 million was invested in the debt market. The
net investments by FIIs in 2004 have touched $8.194
billion, out of which $7.63 billion went into equity
markets and $563 million into the debt market.
Inflows
into the debt market moved up considerably last week and
this is mainly due to FIIs' investment limit on the debt
market being raised to $1.75 billion from $1 billion.
Active purchases by FIIs in the equity market have already
driven stock indices to their all-time high levels last
Friday. Stock indices once again touched a new high during
Monday's trading but finally closed marginally lower than
Friday. The debt market also witnessed a fall in the yields
of most securities due to FII buying.
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SEBI
appeal in Samir Arora case to be heard by SC
Mumbai: The Supreme Court has admitted the appeal
of the Securities and Exchange Board of India (SEBI)
in the Samir Arora case. The Securities Appellate Tribunal
had set aside the SEBI's five-year ban on Samir Arora
in October.
Arora,
the former Chief Information Officer of Alliance Mutual
Fund, was accused of professional misconduct, fraudulent
and unfair trade practices and insider trading by SEBI.
The SAT had found no evidence on any of these counts
and had exonerated Arora of all charges. SEBI had subsequently
decided to appeal against the decision in the Supreme
Court.
After
evaluations, the apex court on Monday admitted the case.
Deliberations by both parties would now follow.
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Southern
Online files prospectus for rights cum public issue
Hyderabad: Southern Online Bio-Technologies Ltd.
has announced that it has filed its draft prospectus
with the Securities and Exchange Board of India (SEBI)
for the proposed rights cum public issue.
In a press release the company has said that it is diversifying
the business with plans of setting up bio diesel production
unit at Choutuppal near here at an estimated cost of
Rs17.1 crore. The size of the issue would be 1.71-crore
equity shares of Rs10 each at par.
While
UTI Securities is acting as the lead managers to the
proposed rights cum public issue, the company plans
to get the shares listed on the Bombay Stock Exchange.
According to the company, promoters are proposing to
contribute Rs 2.85 crore and the balance Rs 14.25 crore
would be raised from friends and relatives of the promoters
and the public through rights cum public issue.
The
proposed bio diesel production unit would commence commercial
operations by the end of November next year. For the quarter
ended September this year, the company achieved a net
profit of Rs5.1 lakh on a total income of Rs 1.02 crore.
This revenue was achieved primarily through ISP operations,
the company said.
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DCI
board approves investment in ship canal project
Hyderabad: Dredging Corporation of India Ltd.
informed the stock exchanges on Monday that its board
of directors has considered the implementation of Sethusamudram
Ship Canal Project and contribution towards equity in
Sethusamudram Corporation Ltd (SCL) at its meeting held
last Tuesday.
According
to the company, its board has accorded approval to subscribe
to 3-crore equity shares of Rs10 each, amounting to Rs30
crore, in SCL.
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