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Markets:
Reliance moves restore sentiments
Mumbai: After touching an all time intra-day high
of 6,480.20 points on Wednesday the Sensex closed at 6413.66,
a drop of 37.64 points against Tuesday's close of 6451.3.
The S&P CNX Nifty declined by 9.3 points to 2035.35.
Market Gainers
Reliance Industries, IPCL, Bharti Televenture, Bajaj Auto,
Andhra Bank, Bank of India, Union Bank, IDBI, IDBI Bank,
Strides Arcolab, Bank of Rajasthan, Crompton Greaves.
Market Losers
Infosys, TCS, Satyam Computer, Patni Computer, State Bank
of India, Elder Pharma, GSFC, India Cements.
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
316.20 |
-3.30 |
| Bajaj
Auto |
1,119.45 |
+19.85 |
| Bharti
Televentures |
203.50 |
+4.15 |
| BHEL |
732.05 |
0.00 |
| Cipla |
304.45 |
-5.80 |
| Dr.
Reddys Laboratories |
850.35 |
-10.60 |
| Grasim
Industries |
1,280.50 |
-29.95 |
| Gujarat
Ambuja |
385.90 |
-8.85 |
| HDFC |
768.85 |
-8.10 |
| HDFC
Bank |
492.95 |
-2.35 |
| Hero
Honda Motors |
553.15 |
-4.00 |
| Hindalco
Industries Limited |
1,299.40 |
-13.10 |
| Hindustan
Petroleum Corp |
372.05 |
-1.80 |
| HLL |
143.10 |
-1.40 |
| ICICI
Bank |
360.55 |
-4.70 |
| Infosys
Technologies |
2,083.20 |
-32.70 |
| ITC |
1,303.50 |
-6.15 |
| Maruti
Udyog |
469.40 |
+9.70 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
844.65 |
-3.70 |
| Ranbaxy
Labs |
1,256.60 |
+7.75 |
| Reliance
Energy |
530.65 |
+6.10 |
| Reliance
Industries |
494.65 |
+9.15 |
| Satyam
Computer Services |
407.00 |
-9.85 |
| State
Bank Of India |
594.15 |
-8.90 |
| Tata
Motors |
501.60 |
-1.75 |
| Tata
Power |
376.45 |
-10.75 |
| TISCO |
339.80 |
-1.95 |
| Wipro |
755.95 |
-13.55 |
| Zee
Telefilms |
172.80 |
-6.10 |
Other
Andhra Bank up 3.7 per cent at Rs80.45
IDBI up 5.5 per cent at Rs.107.95
Bharat Forge up 1.7 per cent at Rs1,015.90
Pantaloon Retail up 6.05 per cent at Rs660.05
Pioneer Embroideries up 10 per cent at Rs111.70
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Chidambaram:
No bubble build-up in stock markets
New Delhi: The Finance Minister, P. Chidambaram,
has said that he does not see any bubble-like situation
in the stock markets and maintained that the Government
was keeping a close watch on the Sensex.
"I am of the opinion that no bubble is building up
in stock markets ... but we are watching Sensex very carefully,"
Chidambaram said winding up the debate on Supplementary
Demands for Grants in the Rajya Sabha.
The Finance Minister said that the surge in BSE Sensex
is driven by increased flow of investments from foreign
institutional investors (FIIs).
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Kotak's
Growth Fund to raise over Rs.300 crore
Kolkata: The Kotak Mahindra group is set to close
its newly launched private equity fund with commitments
of over Rs.300 crore, much of which has been already secured.
The group had in October announced the launch of its private
equity vehicle - India Growth Fund - in partnership with
SEAF Management LLC, US. Uday Kotak, Executive Vice-Chairman
and Managing Director of Kotak Mahindra Bank, said the
group has so far received commitments of roughly Rs250
crore.
SIDBI (Small Industries Development Bank of India) along
with USAID (United States Agency for International Development)
are expected to play a role in promoting the growth of
emerging companies through the fund.
Kotak Mahindra, which has partnerships with Goldman Sachs
(for investment banking), Ford Credit (auto finance) and
Old Mutual (insurance), also plans to consolidate its
existing businesses and invest more in such emerging ones
as insurance and retail banking.
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Deccan
Chronicle marks listing with marginal gain
Mumbai: The shares of media company Deccan Chronicle
Holdings made its debut on the stock market with the issue
listing at a marginal premium to the issue price of Rs162.
On the BSE, the stock finished at Rs168.55, compared to
the issue price of Rs162, a premium of 4.04 per cent.
On the NSE, it opened at Rs201.35, but closed at Rs169.20,
a gain of 4.44 per cent to the issue price.
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