|
Markets:
2005 off to a rollicking start
Mumbai: The BSE Sensex racked up another 77 points
extending its 80- point gain on Friday to close at 6679.20
points. The Nifty rose 35 points or 1.66 per cent to close
at 2115.
Market Gainers
Reliance Energy, Bharti Tele-Ventures, Hero Honda Motors,
Bharti Tele-Ventures, Hero Honda, Bajaj Auto, Mahindra
and Mahindra, Maruti, Sakthi Sugars, Dhampur Sugar, Thiru
Arooran Sugar, Balrampur Chini, Bannari Amman Sugars,
EID Parry, GAIL, Gujarat Gas, Indraprastha Gas, Indiabulls,
Glenmark Pharmaceuticals, J&K Bank, Andhra Bank, Indian
Overseas Bank
Market Losers
Bharati Shipyard, Taj GVK, Thomas Cook, Zodiac Clothing,
Sintex, United Phosphorous, NDTV
Market
Counters
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
341.50 |
+2.80 |
| Bajaj
Auto |
1,142.85 |
+11.40 |
| Bharti
Televentures |
227.85 |
+12.25 |
| BHEL |
794.95 |
+25.05 |
| Cipla |
318.75 |
+1.50 |
| Dr.
Reddys Laboratories |
865.55 |
+0.25 |
| Grasim
Industries |
1,326.65 |
+4.30 |
| Gujarat
Ambuja |
407.60 |
+6.05 |
| HDFC |
766.90 |
+0.80 |
| HDFC
Bank |
524.90 |
+6.05 |
| Hero
Honda Motors |
600.40 |
+29.30 |
| Hindalco
Industries Limited |
1,442.85 |
+16.05 |
| Hindustan
Petroleum Corp |
407.85 |
+7.35 |
| HLL |
144.35 |
+0.85 |
| ICICI
Bank |
371.50 |
+0.75 |
| Infosys
Technologies |
2,117.35 |
+28.35 |
| ITC |
1,313.05 |
+3.25 |
| Larsen
& Toubro Limited |
975.55 |
-6.45 |
| Maruti
Udyog |
469.40 |
+8.15 |
| ONGC |
830.45 |
+10.90 |
| Ranbaxy
Labs |
1,250.20 |
-1.20 |
| Reliance
Energy |
561.85 |
+37.45 |
| Reliance
Industries |
543.10 |
+9.30 |
| Satyam
Computer Services |
412.15 |
+2.25 |
| State
Bank Of India |
655.80 |
+3.35 |
| Tata
Motors |
520.10 |
+14.95 |
| Tata
Power |
397.90 |
+7.35 |
| TISCO |
387.25 |
+1.80 |
| Wipro |
753.35 |
+5.35 |
| Zee
Telefilms |
172.05 |
+0.95 |
Other
Bajaj
Hindusthan up 18 per cent at Rs136.75
Dwarikesh Sugar up 12 per cent at Rs148.60
Petronet LNG up 20 per cent at Rs37.55
Indiabulls up five per cent at Rs83.9
Glenmark Pharmaceuticals up nine per cent at Rs526.10
Bharati Shipyard down five per cent at Rs136.8
IPCL up Rs 9.90 at Rs192.20
J&K Bank up 7.11 per cent at Rs411
NetVision Web Technologies up Rs2.65 at Rs 72.85
Back
to News Review index page
Kotak
Mutual Fund to launch equity-linked savings scheme
Mumbai: Kotak Mahindra Mutual Fund is set to launch
an open-ended equity-linked savings scheme. The investment
objective of the scheme is to generate long-term capital
appreciation from a diversified portfolio of equity and
equity-related securities and enable investors to avail
themselves of the income-tax rebate, according to the
draft offer document filed with Securities and Exchange
Board of India.
The scheme would be available in both growth and dividend
options. The offer document says the scheme is suitable
for investors who seek capital appreciation and are interested
in availing themselves of the tax rebate under Section
88 of the Income Tax Act, 1961.
The scheme is open for continuous redemption on the completion
of a lock-in period of 3 years from the date of allotment.
The portfolio turnover of the fund will not exceed 150
per cent, says the draft of the offer document. The minimum
application amount on the fund is Rs500.
The fund would invest 80-100 per cent in equity and equity
related securities and up to 20 per cent in debt and money
market securities.
Back
to News Review index page
SEBI
for depository model for MFs
Mumbai: The Securities and Exchange Board of India's
SMILE task force has recommended that mutual funds should
move to a depository model in order to expand the reach
of fund houses.
Depository participants (DP) are electronically linked
to one or both of the two depositories, and in the proposed
model, each registrar would also be similarly connected
electronically to the two depositories. If a large number
of mutual funds adopt the depository model, investors
can use the DP as a single point for transacting across
a range of mutual funds. The depository model can provide
both enhanced reach and enhanced choice, the report says.
The securities market infrastructure leveraging expert
(SMILE) task force identified the transaction cost of
setting up collection centres in small towns, the delays
in fund clearance and the slowness of inter-city payment
systems as the main constraints of expanding the reach
of mutual funds.
The DP-registrar model will provide for more distributed
transactions processing, says the report.
Back
to News Review index page
GMO
picks up stake in IVRCL
Hyderabad: GMO Emerging Markets Fund (GMOEMF) has
informed the bourses on Monday that Grantham account's
GMOEMF and two separate accounts managed by GMO have acquired
11,28,450 shares aggregating 6.65 per cent of the total
share capital of IVRCL Infrastructures & Projects
Ltd on December 16, 2004.The mode of acquisition is through
secondary market.
Back
to News Review index page
|
