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Markets:
Mid-caps provide relief
Mumbai: The BSE Sensex closed the day, down 45.40
points, at 6522.54, while the S&P CNX Nifty closed
at 2059.80, down 9.80.
Market Gainers
Bharati Shipyard, Glenmark Pharmaceuticals, Hindalco,
Lakshmi Vilas Bank, Karnataka Bank, Karur Vysya Bank,
Dhanalakshmi Bank, United Western Bank, ING Vysya, Centurion
Bank, HDFC Bank, SBI, Gammon India, Hindustan Construction,
Ramco Industries, Dalmia Cements, ABB, Alfa Laval, Atlas
Copco, Cranes Software, Geodesic Information, MphasiS
BFL, Sesa Goa, Pantaloon Retail, Zodiac Clothing, Concor,
Mercator Lines, Cinevista, Dabur, Shri Adhikari Brothers,
Soffia Softwrae, B.A.G. Films, Patel Airtemps, Ballarpur
Industries, Sun Pharma, Indraprastha Gas, Petronet LNG
Market Losers
Mid-day Multimedia, ICICI Bank, Bank of India, Bank of
Baroda, Infosys, Wipro, TCS, Satyam Computer, Madhucon
Projects, Nava Bharat Ferro Alloys, Godrej Consumer, MRF,
Sundaram Clayton, Radaan Media, Chemplast Sanmar, Shipping
Corporation, Arvind Mills, Alstom, Rallis, Sekurit Saint
Gobain, FAG Bearings, Clutch Auto, Sulzer India
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
333.65 |
-1.50 |
| Bajaj
Auto |
1,127.20 |
+2.45 |
| Bharti
Televentures |
211.30 |
-1.45 |
| BHEL |
747.00 |
+2.65 |
| Cipla |
311.25 |
-1.85 |
| Dr.
Reddys Laboratories |
849.45 |
-6.55 |
| Grasim
Industries |
1,297.20 |
-3.80 |
| Gujarat
Ambuja |
395.45 |
-6.75 |
| HDFC |
756.15 |
-4.25 |
| HDFC
Bank |
521.30 |
+8.80 |
| Hero
Honda Motors |
566.20 |
+7.10 |
| Hindalco
Industries Limited |
1,446.00 |
+32.10 |
| Hindustan
Petroleum Corp |
400.80 |
+2.35 |
| HLL |
144.15 |
-0.45 |
| ICICI
Bank |
363.75 |
-7.10 |
| Infosys
Technologies |
2,049.30 |
-25.05 |
| ITC |
1,295.55 |
-24.90 |
| Larsen
& Toubro Limited |
984.55 |
-1.30 |
| Maruti
Udyog |
457.55 |
-4.60 |
| ONGC |
816.95 |
+3.50 |
| Ranbaxy
Labs |
1,231.80 |
-9.20 |
| Reliance
Energy |
524.45 |
-5.55 |
| Reliance
Industries |
523.30 |
-7.95 |
| Satyam
Computer Services |
404.20 |
-10.25 |
| State
Bank Of India |
633.35 |
+11.20 |
| Tata
Motors |
497.00 |
-11.15 |
| Tata
Power |
379.95 |
-5.15 |
| TISCO |
385.00 |
-1.50 |
| Wipro |
745.90 |
-6.90 |
| Zee
Telefilms |
170.95 |
-1.25 |
Other
Bharati
Shipyard listed at a premium of about 100 per cent
at Rs129
Denso India up 6.55 per cent at Rs 73.15
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Mascon
raises $16 million - to issue GDRs
New Delhi: Mascon Global Ltd has announced that
it has raised $16 million from the European market, following
which the company's board has approved the allotment of
3.6 crore underlying shares of Rs10 each towards the issue
of 90 lakh global depository receipts (GDR) of $1.80 each.
The GDRs issued by the depository, Deutsche Bank Trust
Company Americas, will be listed on the Luxembourg Stock
Exchange.
The company said that the proceeds from the GDR will be
used to fund acquisitions, retire past high cost debt,
and expand its Chennai and Bangalore facilities. The company
was in the final stages of identifying firms for acquisition
and hoped that the process would be completed by March
2005. The company said that the GDR attracted investors
such as Investec, UBS besides high net worth individuals
from Europe and US.
The paid-up capital of the company will accordingly increase
to Rs177 crore from Rs141 crore earlier.
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Oriental
Bank to go for a public issue
New Delhi: The board of directors of Oriental Bank
of Commerce (OBC) has cleared a proposal for a public
issue offering five crore equity shares at a premium to
be determined by the book building route.
The public issue will hit the market after seeking approvals
from the Government, Reserve Bank and other regulatory
authorities. According to an official statement, the money
is being raised to sustain 25 per cent growth in business,
Post the proposed issue, Government's stake in the bank
is expected to come down to 53 per cent from the current
66.48 per cent.
"The bank has a share capital of Rs 193 crore and
reserves of Rs 2,484 crore as on March 31, 2004. Total
working capital of Rs 1,00,000 crore has been contemplated
by the end of the next financial year, March 2006, besides
implementation of the Basel II accord," it said.
Currently, the book value of the share is Rs 139 and the
earnings per share as on March 31, 2004 is Rs 35.63.
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