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Markets: Load shedding continues
Mumbai: At the BSE, the 30-share Sensitive Index (Sensex) closed on Thursday at 6367.39 points, shedding 91.45 points for the day. All the major sectoral indices such as the BSE PSU, the Bankex, the BSE Teck, BSE HealthCare and the BSE Auto were in the red and even the broader BSE 100, 200 and 500 indices closed the day with loses. At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty index closed at 1998.35 points, losing 33.85 points in the day's mayhem.

International Markets

Current
Change
DJIA- Dow Jones Industrial Average
2090.00
-1.24
Nasdaq Composite 10622.88 +25.05


National Markets
NIFTY
1998.35
-33.85
SENSEX 6367.39 -91.45

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


BSE 30

ACC 343.60 -5.10
Bajaj Auto 1,071.15 -16.95
Bharti Televentures 211.00 +0.80
BHEL 739.40 -15.85
Cipla 293.50 -7.65
Dr. Reddys Laboratories 800.65 -21.35
Grasim Industries 1,295.90 -6.95
Gujarat Ambuja 416.05 -9.90
HDFC 738.20 -8.60
HDFC Bank 485.35 -13.15
Hero Honda Motors 575.25 +9.25
Hindalco Industries Limited 1,328.85 -38.15
Hindustan Petroleum Corp 392.60 +0.35
HLL 141.75 -2.90
ICICI Bank 354.15 -6.55
Infosys Technologies 2,043.15 -8.70
ITC 1,276.60 -17.40
Larsen & Toubro Limited 939.10 -18.70
Maruti Udyog 436.60 -9.60
ONGC 784.35 -13.25
Ranbaxy Labs 1,207.35 -2.00
Reliance Energy 545.25 +5.20
Reliance Industries 525.95 -3.95
Satyam Computer Services 378.60 -11.20
State Bank Of India 604.60 -12.90
Tata Motors 495.25 -8.40
Tata Power 375.90 -11.00
TISCO 355.40 -13.30
Wipro 689.40 -16.80
Zee Telefilms 168.80 -0.90

BSE Gainers -Top Ten
Company Name
Current Price
Previous Close
Livewell Home Finance Ltd. 29.60 24.70
Integrated Financial Services Ltd. 10.85 9.08
Priya Ltd. 19.80 16.60
Mangalam Timber Products Ltd. 14.21 11.96
VJIL Consulting Ltd. 17.07 15.00
Royal Cushion Vinyl Products Ltd. 18.90 16.70
Matsushita Television & Audio India Ltd. 15.43 -13.70
Arihant Capital Markets Ltd. 14.75 13.10
Kalyani Sharp India Ltd. 16.65 14.88
Divyashakti Granites Ltd. 17.60 16.00

NSE Gainers - Top Ten
Company Name Current Price Previous Close
JBM Auto Components Ltd 101.35 84.00
Mangalam Timber Products Ltd. . 14.15 11.90
Pudumjee Agro Industries Ltd. 31.25 28.25
Matsushita Television & Audio India Ltd. 15.30 13.85
Krishna Engineering Works Ltd. 12.25 11.10
SKM Egg P roducts Export India Ltd 28.35 25.75
Dwarikesh Sugar Industries Ltd. 147.50 134.05
Hindustan Motors Ltd. 23.25 21.15
Williamson Magor & Company Ltd. 30.20 27.50
Shriram Transport Finance Company Ltd. 40.05 36.70

BSE Losers -Top Ten
Company Name Current Price Previous Close
Pressman Ltd. 21.77 27.20
Patels Airtemp (India) Ltd. 19.05 23.80
Super Syntec 15.15 18.65
Interworld F 16.50 19.85
Citurgia Biochemicals Ltd. 12.70 14.48
Gulshan Sugars & Chemicals Ltd. 26.10 29.35
Computer Point Ltd. 11.92 13.24
Walchand Capital Ltd. 261.15 290.00
Pennar Profiles Ltd. 12.61 14.00
Ikf Finance Ltd 13.44 14.92

NSE Losers -Top Ten
Company Name Current Price Previous Close
Pressman Ltd. 30.25 37.80
Jenson & Nicholson (India) Ltd. . 13.90 15.35
Lloyds Steel Industries Ltd 13.10 14.40
Pasupati Fabrics Ltd 13.65 14.95
India Foils Ltd. 15.65 17.00
Godrej Industries Ltd 109.60 118.50
Mahanagar Telephone Nigam Ltd. . 145.65 157.45
Apcotex Lattices Ltd. 49.50 53.45
S P L Ltd. 49.10 53.00
Cybertech Systems & Software Ltd 10.30 11.10

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BSE-IndoNext kicks off today
Mumbai: BSE-IndoNext, the trading platform for mid-cap and small-cap companies, will kick off on the BSE today, with trading in over 500 companies. The Finance Minister, P. Chidambaram, will inaugurate the IndoNext in Mumbai.
IndoNext is a joint effort of the BSE and the Federation of Indian Stock Exchanges (FISE), which represents most of the regional stock exchanges.

In a notice to its members today, the BSE said that this segment will consist of selected companies listed in B1 and B2 groups of the BSE and companies exclusively listed on regional stock exchanges.

In the first phase, 511 companies currently traded on the BSE under the B1 and B2 group have been shifted to the BSE-IndoNext segment. Nine scrips listed on regional stock exchanges will also be traded in this segment.
The notice said that this new segment is being introduced with a view to promote the growth and development of companies belonging to small and medium enterprises segment of the Indian industry.

All trades in this segment will be done through the BSE's BOLT system under the `S' group. The norms pertaining to trading, settlement, risk management, surveillance monitoring, etc., which are applicable to existing scrips on the BSE, will also be applicable to scrips traded under this group. If any of these scrips are required to be transferred for surveillance reasons to trade-to-trade, they will be shifted to a new group called the `TS' where settlements take place on trade-to-trade basis, the notice said.
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FIIs are net sellers in all segments
Mumbai: After a long time, foreign institutional investors (FIIs) turned into net sellers in all segments of the capital market on Wednesday. According to SEBI data, FIIs were net sellers in the equity, debt and derivatives market valued over Rs1,350 crore.

The data released by SEBI said that FIIs were net sellers of Rs57.90 crore in equity and Rs535.40 crore in debt.
In the equity derivatives segment, FIIs were net sellers in index futures to the tune of Rs637.64 crore and stock futures of Rs130.48 crore.
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SMILE: Multi-cap fund from Sundaram MF
Chennai: The Sundaram Mutual has launched an open-ended equity fund, which will predominantly invest in small and mid-cap stocks. Only a small part of the Sundaram Small and Medium Indian Leading Equities' (SMILE) fund will be invested in large cap stocks to ensure liquidity.

The company said that 188 companies with a market capitalisation of less than Rs200 crore had turned in over 50 per cent (compounded) growth in their profits. Similarly, 258 companies had seen their profits grow more than 24 per cent in the last five years.

In the last seven years, profits of 160 companies grew over 18 per cent. The total market capitalisation of the 160 companies was about Rs7,500 crore, reducing the risks of liquidity for the investors.

The company expects the SMILE fund to collect Rs 200 crore through the initial public offer.
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Fixed Maturity Plan schemes from ING Vysya
Mumbai: ING Vysya Mutual Fund is launching its fixed maturity plan schemes. This is a close-ended scheme that offers an investment plan with 450 days maturity.

It would invest in a portfolio of government securities or highly rated corporate bonds maturing close to the maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity, according to the offer document of the fund.

The scheme opens for subscription from January 24-28
The scheme will be fully redeemed at the end of its maturity period. The fund would not charge any entry load or exit load. It offers both growth and dividend options and the minimum application amount is Rs2,000. The offer document has been filed with SEBI.
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domain-B : Indian business : News Review : 07 January 2005 : markets