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Markets:
Hindalco, Reliance help index end positive
Mumbai: The BSE Sensex closed at 6567.94 registering
a modest gain of 4.46 points. The S&P CNX Nifty closed
at 2069.6 as against the previous day's close of 2071.35.
Markert Gainers
Infosys Technologies, Reliance Industries, Satyam Computer,
TCS, KPIT Infosystems, Aztec Software, Gujarat NRE Coke,
Punjab National Bank, Mid-day Multimedia, Neyveli Lignite,
Jyoti Structures, Welspun Gujarat, Agro Tech Foods, Thiru
Arooran Sugar, EID Parry, Sakthi Sugar
Market Losers
ONGC, BHEL, Tata Steel, Larsen & Toubro, Sintex Industries,
Ind-Swift Labs, Bharat Forge, Indian Hotels, Dhampur Sugar
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
335.15 |
+9.65 |
| Bajaj
Auto |
1,124.75 |
+3.95 |
| Bharti
Televentures |
212.75 |
+0.80 |
| BHEL |
744.35 |
-10.60 |
| Cipla |
313.10 |
+1.95 |
| Dr.
Reddys Laboratories |
856.00 |
-1.50 |
| Grasim
Industries |
1,301.00 |
-2.20 |
| Gujarat
Ambuja |
402.20 |
+4.45 |
| HDFC |
760.40 |
+3.95 |
| HDFC
Bank |
512.50 |
-5.40 |
| Hero
Honda Motors |
559.10 |
+8.30 |
| Hindalco
Industries Limited |
1,413.90 |
+46.00 |
| Hindustan
Petroleum Corp |
398.45 |
-5.45 |
| HLL |
144.60 |
+0.95 |
| ICICI
Bank |
370.85 |
-2.30 |
| Infosys
Technologies |
2,074.35 |
+12.50 |
| ITC |
1,320.45 |
+2.20 |
| Larsen
& Toubro Limited |
985.85 |
-18.70 |
| Maruti
Udyog |
462.15 |
-1.35 |
| ONGC |
813.45 |
-10.95 |
| Ranbaxy
Labs |
1,241.00 |
-3.10 |
| Reliance
Energy |
530.00 |
+3.25 |
| Reliance
Industries |
531.25 |
+3.15 |
| Satyam
Computer Services |
414.45 |
+1.50 |
| State
Bank Of India |
622.15 |
-3.00 |
| Tata
Motors |
508.15 |
-2.45 |
| Tata
Power |
385.10 |
+3.05 |
| TISCO |
386.50 |
-4.45 |
| Wipro |
752.80 |
+0.45 |
| Zee
Telefilms |
172.20 |
-0.40 |
Other
Hindalco
Industries up by Rs46 at Rs1413.9
Aztec Software up 9 per cent at Rs68.75
Gujarat NRE Coke up Rs10.9 at Rs187.3
Mid-day Multimedia in upper 20 per cent circuit
at Rs70.6
Neyveli Lignite up 4.5 per cent at Rs71.4
Jyoti Structures up Rs11.85 at Rs151.55
Thiru Arooran Sugar gained 8.11 per cent at Rs137.30
EID Parry was up 0.86 per cent at Rs400
Sakthi Sugar up 1.54 per cent at Rs46.10.
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Emami
files prospectus for public issue
Kolkata: Emami Ltd, a member of the Rs600-crore
Emami Group, has filed a draft `red herring' prospectus
with the Securities and Exchange Board of India for its
forthcoming public issue of 50,00,000 lakh shares of Rs
2 each for cash.
According to an official release by the company here on
Wednesday, the issue price will be fixed through a 100-per
cent book-building process. Some 5,00,000 shares are being
reserved for the employees of Emami Ltd. Anand Rathi Securities
Pvt Ltd and ICICI Securities Ltd have been appointed as
the book-running lead managers for the issue.
Emami has interests in personal and healthcare products,
paper, writing instruments, retailing, hospitals and software
services. The Emami stock is listed on the BSE, and following
the fresh issue, it will be listed in both the BSE and
the CSE.
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Corporates
lax in acquiring Unique ID number
Mumbai: With the SEBI deadline for acquiring unique
identification number for corporates expiring in the next
two days over two-thirds of corporates who invest in the
stock markets or mutual funds may be unable to transact
after December 31.
According to the SEBI circular issued in August this year,
all corporates, including their directors and promoters,
must submit their details and get themselves fingerprinted
and have a unique identification number (UIN) assigned
to them, if they wish to continue trading after December
31.
As of today, 19,132 corporates have got their UIN, according
to data from National Securities Depository Ltd (NSDL),
which is in charge of issuing these identification numbers.
NSDL estimates that at least 60,000 entities have to avail
themselves of the UIN as per the SEBI guideline, indicating
that over two-thirds of these entities will not be qualified
to trade as on January 1, 2005.
Sources at SEBI say that they have not taken any steps
so far to postpone this deadline.
Even among those corporates, which have got their UIN,
several have not met the second criteria of obtaining
a separate UIN for all their promoters and directors.
Several corporates have made representations to NSDL and
SEBI about the difficulty of getting their directors,
especially those living abroad, fingerprinted.
Sources close to the exercise say that SEBI may take a
"kind view" on directors who are abroad, or
who are foreign nationals not located in India. SEBI is
expected to announce that these individuals have to comply
with this requirement on their first visit to India after
January 1, 2005.
However, trusts and other non-corporate associations of
persons, have time till March 31, 2005 to obtain their
UIN. This is also true for foreign institutional investors
and their sub-accounts. Retail investors also have to
quote their UIN on all trades and mutual fund transactions
over Rs 1 lakh from April 1, 2005.
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Teledata
to go for $75 million ADR/GDR issue
Chennai: The Chennai-based Teledata Informatics
Ltd plans to issue of global depository receipts/American
depository receipts/Euro convertible bonds/foreign currency
convertible bonds/secured premium notes to an extent of
$75 million.
The company has informed the BSE that its board has decided
to convene an extra ordinary general meeting of its shareholders
on January 24, 2005 for approval.
The EGM would also take up the issue of 50 lakh employees'
stock options and increase the authorised capital of the
company from Rs50 crore to Rs100 crore.
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