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Markets:
In positive territory notwithstanding Tsunami
and RIL
Mumbai: At the BSE, the 30-share Sensitive Index
(Sensex) finally closed the day at 6,513 points, a gain
of 15 points or 0.23 per cent, while the NSE's S&P
CNX Nifty index closed unchanged from its previous level
at 2,062.60.
Market Gainers
Tata Steel, Tata Teleservices, UCO Bank, UTI Bank, SBI,
Kotak Bank, Corporation Bank, Bank of India, Bank of Baroda,
Jindal Vijayanagar, Steel, IFCI, Hughes Software, Tata
Steel.
Market Losers
Maruti Udyog, Reliance Industries, ONGC
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
324.80 |
+3.45 |
| Bajaj
Auto |
1,130.15 |
+3.60 |
| Bharti
Televentures |
208.35 |
-0.25 |
| BHEL |
736.80 |
+11.20 |
| Cipla |
307.60 |
+3.70 |
| Dr.
Reddys Laboratories |
855.40 |
+5.15 |
| Grasim
Industries |
1,298.40 |
+14.65 |
| Gujarat
Ambuja |
399.05 |
+7.35 |
| HDFC |
759.40 |
-0.85 |
| HDFC
Bank |
504.10 |
+2.60 |
| Hero
Honda Motors |
548.80 |
+0.45 |
| Hindalco
Industries Limited |
1,321.80 |
-11.30 |
| Hindustan
Petroleum Corp |
387.65 |
+2.60 |
| HLL |
144.75 |
+0.75 |
| ICICI
Bank |
373.90 |
+2.45 |
| Infosys
Technologies |
2,057.35 |
-7.45 |
| ITC |
1,309.35 |
+10.70 |
| Maruti
Udyog |
463.20 |
-4.90 |
| MTNL |
125.90 |
-0.90 |
| ONGC |
847.60 |
-9.30 |
| Ranbaxy
Labs |
1,241.40 |
+3.60 |
| Reliance
Energy |
526.00 |
-3.75 |
| Reliance
Industries |
516.85 |
-6.75 |
| Satyam
Computer Services |
409.70 |
+0.80 |
| State
Bank Of India |
613.15 |
+4.45 |
| Tata
Motors |
512.10 |
+0.65 |
| Tata
Power |
380.15 |
-0.10 |
| TISCO |
374.05 |
+15.05 |
| Wipro |
751.25 |
-5.75 |
| Zee
Telefilms |
171.55 |
-1.25 |
Other
Reliance
Capital down by 1.3 per cent at Rs133.35
Reliance Industrial Infrastructure Limited down 0.55
per cent at Rs72.35
Ashok Leyland up 5.25 per cent at Rs24.05
Tata Teleservices up 19.46 per cent at Rs31
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SEBI
to examine insider trade charges against RIL
New Delhi/Mumbai: Senior SEBI officials have indicated
that SEBI will examine the legal aspects of alleged insider
and unfair trading practices in Reliance Industries Ltd's
scrip in the wake of RIL Vice-Chairman and Managing Director
Anil Ambani's comments before the company's board meeting.
Just
before the board meeting, Anil told reporters waiting
outside Maker Chambers IV, Reliance group headquarters,
that he was not informed of the buyback proposal before
it was communicated to the stock exchanges. He also said
the buyback proposal was inappropriate and "there
are several other issues that need to be addressed."
Hinting at a possible insider trading, Ambani said, "
If we look at the recent run-up in the stock price post
the announcement of the buyback, I believe that there
is more than meets the eye."
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RIL decides on buy back as Anil continues
to snipe
Mumbai: The Reliance Board has given the go-ahead
for the buyback of shares from stockholders at Rs570 per
share, making it India's largest equity buyback. RIL Vice-Chairman
and Managing Director Anil Ambani, has called it inappropriate.
"I
have been deeply saddened and anguished by the events
of the last many weeks. I was neither consulted nor informed
before making the announcement to the stock exchanges
on the proposed buyback. I believe that considering a
buyback at this stage is completely inappropriate as there
are several other issues that the group faces and these
need to be addressed," he said. "Also, if we
look at the recent run-up in the stock price post the
announcement of the buyback, I believe that there is more
than meets the eye," he added.
The
statement met with an appropriate response at the bourses
with Reliance shares falling by 2.5 per cent in the first
few minutes of trade. Anil Ambani also abstained from
voting at the board meet on crucial issues.
In
what is being billed as the biggest share buyback programme
that India has ever seen, Reliance will spend about Rs3,000
crore in buying back shares at a maximum of Rs570 per
share - about 15 per cent higher than the six-month average.
Notwithstanding
Anil Ambani's public statements, the Reliance Board communicated
its full faith and confidence in Mukesh Ambani. The board
also backed the Rs14,000 crore investment made by Reliance
Industries in Reliance Infocomm. The Reliance Board also
said it would fully support all the plans of Reliance
Energy, a company managed by Anil Ambani. Reliance has
also decided to set up a governance committee to clarify
doubts on the way the company is run.
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Aberdeen
Asset holding in Satyam crosses five per cent
Hyderabad: Satyam Computer Services Ltd has informed
the National Stock Exchange that the total equity holding
of Aberdeen Asset Management Asia Ltd on behalf of funds
advised and managed by them has crossed the 5-per cent
mark.
Aberdeen Asset Management had acquired 3.05 lakh shares
aggregating 0.095 per cent on December 17, and 3.20 lakh
shares aggregating 0.1 per cent of the total share capital
of Satyam Computer Services on December 20 respectively.
The mode of acquisition is through open market and the
shareholding of Aberdeen Asset Management Asia Ltd on
behalf of funds advised and managed by them after the
said acquisition is 1.62 crore shares has since aggregated
to 5.1 per cent of the total share capital of the company.
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