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Markets:
Steaming ahead
Mumbai: The BSE sensitive index closed at 6420.4
points, up by 18 points. The S&P CNX Nifty climbed
by 0.2 per cent to 2033.2 points.
Market Gainers
Larsen & Toubro, ACC, Bajaj Auto, Dr Reddy's Labs,
Nicholas Piramal, Wockhardt, Sun Pharma, Ipca Labs, Karur
Vysya Bank, South Indian Bank, Tata Teleservices, JK Synthetics,
Himachal Futuristic Communications, Mascon Global
Market Losers
Zee Telefilms, SBI, Hexaware Technologies, Glenmark Pharma,
Albert David
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
320.90 |
+7.55 |
| Bajaj
Auto |
1,084.60 |
+26.10 |
| Bharti
Televentures |
213.30 |
+1.55 |
| BHEL |
720.65 |
-3.30 |
| Cipla |
294.30 |
+3.30 |
| Dr.
Reddys Laboratories |
841.05 |
+19.30 |
| Grasim
Industries |
1,250.70 |
+10.55 |
| Gujarat
Ambuja |
387.30 |
+4.85 |
| HDFC |
793.40 |
-1.55 |
| HDFC
Bank |
481.50 |
+7.35 |
| Hero
Honda Motors |
508.70 |
-8.60 |
| Hindalco
Industries Limited |
1,296.30 |
+1.05 |
| Hindustan
Petroleum Corp |
378.70 |
+5.15 |
| HLL |
149.70 |
+1.50 |
| ICICI
Bank |
365.60 |
+0.95 |
| Infosys
Technologies |
2,118.85 |
+21.30 |
| ITC |
1,271.55 |
-8.20 |
| Maruti
Udyog |
456.15 |
-2.95 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
843.60 |
-5.05 |
| Ranbaxy
Labs |
1,264.40 |
-4.95 |
| Reliance
Energy |
511.60 |
-1.90 |
| Reliance
Industries |
490.40 |
-4.60 |
| Satyam
Computer Services |
422.65 |
+7.45 |
| State
Bank Of India |
587.30 |
-17.10 |
| Tata
Motors |
500.85 |
+6.50 |
| Tata
Power |
363.05 |
-0.15 |
| TISCO |
330.50 |
-2.05 |
| Wipro |
768.05 |
+3.75 |
| Zee
Telefilms |
171.65 |
-6.40 |
Others
MRF
up Rs128 at Rs2,700
Astra Zeneca Pharma up Rs119 at Rs1,395
Madras Cements up by Rs90 at Rs1,000
Alfa Laval India down Rs44.6 at Rs701
United Phosphorus down Rs26.7 at Rs724
Divi's Labs down Rs20 at Rs1,293
Britannia Industries down Rs12.2 to Rs824.7
IBP up Rs33.5 at Rs606
ING Vysya Bank up 18.5 per cent to close at Rs502.8
Kothari Sugars and Chemicals down 8.23 per cent
at Rs75.85
Tata Metaliks down 1.75 per cent at Rs151.60
Wockhardt Ltd up 7.35 per cent at Rs371
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Parliament
approves Securities Bill
New Delhi: The Parliament on Thursday approved
the Securities Laws (Amendment) Bill, 2004, with the Rajya
Sabha giving its assent to the proposed legislation.
The Bill proposes to bring about structural transformation
of stock exchanges through demutualisation.
The Parliament also gave its nod to the Enforcement of
Security Interest and Recovery of Debts Laws (Amendment)
Bill, with the Rajya Sabha approving the measure that
seeks to enable banks and financial institutions take
possession of securities of borrowers and sell them to
reduce their NPA.
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SEBI:
Fees to be paid for change in firm's status
Mumbai: The Securities and Exchange Board of India
has clarified that fees must be paid by sub-brokers for
the conversion of a firm from a proprietorship into a
partnership and for mergers and acquisitions. These two
cases require fresh registration under the regulations,
and fees have to be paid along with the application for
registration.
Within six months from the date of receiving "prior
approval," the outgoing sub-broker should apply for
surrender of registration and the surviving or incoming
sub-broker should apply for fresh registration to SEBI.
Both - the outgoing and the incoming sub-brokers - must
also submit an undertaking that they would be jointly
and severally liable for all liabilities, obligations
and violations of provisions that have taken place before
the change in status of the firm. Until the incoming (or
surviving) sub-broker is granted registration by SEBI,
the outgoing sub-broker can continue to trade, says the
SEBI clarification.
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Relief
bond scheme from Stanchart MF
Kolkata: Standard Chartered MF has announced a
close-ended income scheme titled Grindlays Relief Bond
Fund.
GRBF will try to secure capital appreciation by investing
in a portfolio of fixed income securities normally in
line with the duration of the scheme which is between
55 and 65 months. The scheme will provide for liquidity
on a quarterly basis, while its NAV will be announced
every week.
The scheme, according to the offer document sent to SEBI
for clearance, will suit investors wanting to have a regular
and attractive income along with adequate safety. It will
invest in a diversified basket of money market and debt
instruments of varying maturities. Crisil Composite Bond
Fund Index will serve as the benchmark index.
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JM
MF takes on HDFC bank as custodian for some schemes
Kolkata: JM Mutual Fund will disengage with ABN
Amro Bank, custodian for some of its schemes, and engage
HDFC Bank in its place. JM MIP Fund, JM Auto Sector Fund
and JM Healthcare Sector Fund will now have the HDFC Bank
as custodian from December 31.
No reasons have been specified for the change.
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