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Markets: Tails up and headlong into 2005
Mumbai: The benchmark BSE Sensex gained 80.15 points to provide a thumping farewell to the year 2004, finishing at a record high of 6602.69 points. The Nifty put on 20.70 points to end at 2080.50 points. This marks the second time in as many years that the Sensex has ended the last day of the calendar year in positive terrain.

Market Gainers
Infosys Technologies, Reliance Industries, ICICI Bank, UCO Bank, State Bank of India, HDFC Bank, Oriental Bank of Commerce, Punjab National Bank, Bank of Baroda, Canara Bank, Bank of Punjab, Bank of Maharashtra, United Western Bank, State Bank of Mysore, State of Bikaner, State Bank of Travancore, Bharati Shipyard, Balaji Telefilms, New Delhi Television Ltd (NDTV), TV Today, Orchid Chemicals and Pharma, Glenmark, Matrix Labs, BHEL, Siemens, Bharat Electronics, Alfa Laval, Havell's India, Zodiac Clothing, Gammon India, Astra Microwave, AstraZeneca, Mercator Lines, Sundaram Clayton, Hindustan Motors, Essar Oil, MRPL, Motherson Sumi, Max India, Zodiac JRD MKJ, Vishal Exports, Vindhya Telelinks, Kochi Refineries, MphasiS BFL

Market Losers
Indian Hotels, Taj GVK, EIH, Oriental Hotels, Thomas Cook, ABB, Kirloskar Oil Engines, LMW, Eimco Elecon

Market Counters
BSE 30

Figures in Rupees
Gain (+) / Loss (-)

ACC 338.70 +5.05
Bajaj Auto 1,131.45 +4.25
Bharti Televentures 215.60 +4.30
BHEL 769.90 +22.90
Cipla 317.25 +6.00
Dr. Reddys Laboratories 865.30 +15.85
Grasim Industries 1,322.35 +25.15
Gujarat Ambuja 401.55 +6.10
HDFC 766.10 +9.95
HDFC Bank 518.85 -2.45
Hero Honda Motors 571.10 +4.90
Hindalco Industries Limited 1,426.80 -19.20
Hindustan Petroleum Corp 400.50 -0.30
HLL 143.50 -0.65
ICICI Bank 370.75 +7.00
Infosys Technologies 2,089.00 +39.70
ITC 1,309.80 +14.25
Larsen & Toubro Limited 982.00 -2.55
Maruti Udyog 461.25 +3.70
ONGC 819.55 +2.60
Ranbaxy Labs 1,251.40 +19.60
Reliance Energy 524.40 -0.05
Reliance Industries 533.80 +10.50
Satyam Computer Services 409.90 +5.70
State Bank Of India 652.45 +19.10
Tata Motors 505.15 +8.15
Tata Power 390.55 +10.60
TISCO 385.45 +0.45
Wipro 748.00 +2.10
Zee Telefilms 171.10 +0.15

Other
Dwarikesh Sugar offered at Rs65 listed in excess of 100 per cent at Rs133.55
Indraprastha Gas Ltd (IGL) up 5 per cent at Rs91.45
State Bank of Bikaner and Jaipur in 5 per cent upper circuit at Rs2,534
State Bank of Travancore up 5.87 per cent at Rs3235
State Bank of Mysore up 16.97 per cent at Rs2,163.90
Orchid Chemicals and Pharmaceuticals up 12.18 per cent at Rs295.75
Max India in 20 per cent upper circuit at Rs 320.35
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Markets 2004: Striking the high notes
Mumbai: The BSE Sensex crossed another milestone of 6600 and gives clear indications that the bulls will go charging into 2005 with their tails up.

The heavy inflows from FIIs have kept the undertone bullish for the larger part of the year. The FIIs have pumped in $8.51 billion (Rs38,965 crore) into the equity market during the year compared to $6.59 billion (Rs30,458 crore) during the previous year.

After a considerable gap, large-sized IPOs hit the primary market, and received a rapturous response from the investors. 2004 indeed marked the revival of the primary markets after a long time, for it had gone into a slumber for a considerable period of time.

Another distinctive feature of the markets for the year 2004 has been the emergence of the mid-cap and small cap stocks as a strong area of investor activity.

The bulls go charging into 2005 following the scent of continued FII inflows, tax and financial sector reforms and robust industrial activity.
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2004: FIIs pump in $8 billion
New Delhi: More than $8 billion or Rs35,000 crore has been pumped into the Indian share market in the last twelve months, by the existing and the additional 140 Foreign Institutional Investors who have stepped into the Indian markets this year.

With the Dow giving only 6 per cent returns compared to 40 per cent by the Sensex, the operators abroad have turned towards India in the last six months. India is now one of the best performers in Asia be it the economy, stock markets or the industry.
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domain-B : Indian business : News Review : 01 January 2005 : markets