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Markets: Recovering lost ground.

International Markets

Current
Change
DJIA- Dow Jones Industrial Average
2088.61
-1.39
Nasdaq Composite 10603.96 -18.92


National Markets
NIFTY
2015.50
+ 17.15
SENSEX 6420.46 + 53.07

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


BSE 30

ACC 350.35 +6.75
Bajaj Auto 1,094.60 +23.45
Bharti Televentures 210.60 -0.40
BHEL 737.40 -2.0
Cipla 291.60 -1.90
Dr. Reddys Laboratories 810.50 +9.85
Grasim Industries 1,293.90 -2.00
Gujarat Ambuja 426.30 +10.25
HDFC 726.85 -11.35
HDFC Bank 489.50 +4.15
Hero Honda Motors 574.15 -1.10
Hindalco Industries Limited 1,323.80 -5.05
Hindustan Petroleum Corp 392.80 +0.20
HLL 140.95 -0.80
ICICI Bank 358.75 +4.60
Infosys Technologies 2,050.90 +7.75
ITC 1,298.30 +21.70
Larsen & Toubro Limited 972.45 +33.35
Maruti Udyog 439.65 +3.05
ONGC 792.35 +8.00
Ranbaxy Labs 1,200.70 -6.65
Reliance Energy 528.05 -17.20
Reliance Industries 540.85 +14.90
Satyam Computer Services 387.30 +8.70
State Bank Of India 615.20 +10.60
Tata Motors 493.25 -2.00
Tata Power 368.90 -7.00
TISCO 361.15 +5.75
Wipro 699.45 +10.05
Zee Telefilms 162.90 -5.90

BSE Gainers -Top Ten
Company Name
Current Price
Previous Close
Sujana Steels Ltd. 30.51 9.30
Super Syntec 19.30 15.15
T & I Global Ltd. 11.94 9.95
Asian Tea Exports Ltd. 16.50 13.75
Jasmine Investment 48.00 40.00
Haryana Leather Chemicals Ltd. 11.16 9.30
Mangalam Timber Products Ltd. 17.05 14.21
Allianz Securities Ltd. 11.47 9.56
Nijjer Agro Foods Ltd. 10.27 8.56
Malar Hospitals Ltd. 10.70 8.92

NSE Gainers - Top Ten
Company Name Current Price Previous Close
Mangalam Timber Products Ltd. 17.00 14.15
Petronet LNG Ltd. 42.60 35.75
Morepen Laboratories Ltd. 13.45 11.35
Vintage Cards & Creations Ltd. 13.80 11.65
Shyam Telecom Ltd. 95.10 80.95
Trigyn Technologies Ltd. 21.60 18.85
Visesh Infosystems Ltd. 14.90 13.25
Hi-Tech Gears Ltd. 261.35 235.00
Max India Ltd. 293.70 265.25
Ginni Filaments Ltd. 28.85 26.15

BSE Losers -Top Ten
Company Name Current Price Previous Close
Pressman Ltd. 17.42 21.77
Hagglunds Denison Ltd. 100.25 125.00
Neelamalai Agro Industries Ltd. 91.00 112.85
Gogia Cap.Com Ltd. 12.52 13.91
Belapur Industries Ltd. 10.83 12.03
Mayur Leather Products Ltd. . 12.02 13.35
Alps Commercial Ltd. 14.31 15.89
Indo Asian Finance Ltd. 11.97 13.28
South India Paper Mills Ltd. 33.05 36.50
Surana Metals & Steels (India) Ltd. 26.20 28.90

NSE Losers -Top Ten
Company Name Current Price Previous Close
Pressman Ltd. 24.20 30.25
Khaitan (India) Ltd. 11.30 11.90
Core Healthcare Ltd. 23.85 25.10
Oudh Sugar Mills Ltd. 141.70 149.05
Morepen Hotels Ltd 25.80 27.10
South India Corporation (Agencies) Ltd. 64.05 67.25
Tainwala Chemicals & Plastics (India) Ltd. 11.10 11.65
Subhash Projects & Marketing Ltd. 24.80 25.90
D G P Windsor India Ltd. 13.15 13.70
Pudumjee Agro Industries Ltd. 30.00 31.25

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Chidambaram: IndoNext will turn out winners
Mumbai: The Finance Minister, P. Chidambaram, launched Indonext, the alternative trading platform for small and medium enterprises, and said that it will open up opportunities for these entities both in the domestic and the international arena.

"Ten years from today, we would be able to say that most of the companies that were launched on IndoNext would turn out to be national winners, and one or two of them would be international winners," Chidambaram said at the launch of BSE IndoNext on Friday.

BSE, Federation of Indian Stock Exchanges and 18 regional stock exchanges have promoted IndoNext, which has 350 scrips listed on it. While market surveillance, clearing and settlement will be carried out by the BSE, the regional stock exchanges (RSEs) will look after the listing norms for companies trading on this platform.

Initially, securities of companies, with paid-up capital between Rs3 crore and Rs20 crore, which are currently listed on RSEs but not on the BSE would be transferred to IndoNext. Companies that are in the same range of paid-up capital, currently listed on the BSE in `B1' and `B2' groups and meeting certain eligibility criteria will also be transferred to IndoNext. The members of the BSE and subsidiaries of RSEs, which are members of the BSE, will be able to trade on BSE IndoNext during phase I of this platform.

The regional stock exchanges that are part of Indonext include Madras Stock Exchange, Bangalore Stock Exchange, Interconnected Stock Exchanges of India, Ludhiana Stock Exchange and Vadodara Stock Exchange.

IndoNext is envisaged to bring liquidity and attention to stocks that are listed on RSEs and ensure that investors who are comfortable dealing with the more familiar local exchanges can continue to do so.
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SEBI sets out calendar for corporatisation of stock exchanges
Mumbai: The Securities and Exchange Board of India has published a calendar for the completion of demutualisation and corporatisation of stock exchanges. According to the calendar, exchanges have to complete the formalities associated with demutualisation and corporatisation by February 28.

After this, SEBI would make enquiries and decide on approvals and rejections. The entire process is expected to be completed by March 31, said a SEBI press release.
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Entities issued show cause notices for May 17 crash
Mumbai: According to the Union Finance Minister, P. Chidambaram, four entities have been issued show cause notices with regard to their activities on May 17, 2004, which led to the biggest ever single-day crash in the stock market. The names of these entities could be obtained from the Securities and Exchange Board of India (SEBI), he told newspersons at the sidelines of a function at the BSE on Friday.

However, G.N. Bajpai, Chairman of the SEBI, refused to reveal the names of these four entities, as he had "a philosophical issue" in that he had "never mentioned to the media the name of an entity that we are investigating or proposing to take action against, until investigations are complete."

On May 17, the market witnessed an unprecedented selling frenzy and the Sensex lost 842 points intra-day. Market-wide circuit filters came into effect twice during the day and trading had to be halted for over two hours. Though, subsequently, the indices regained marginally, the bourses ended the day with a loss of over 11 per cent, wiping out Rs 2 lakh crore of market capitalisation.

Ever since, the SEBI has been collecting data and investigating reasons for the crash.

On October 30, Chidambaram had announced that the SEBI's report on the crash of May 17 was "nearly ready and would be published in a few days". However, the contents of the report are yet to be made public.

Bajpai refused to give an expected date of publishing the final orders in this matter.
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domain-B : Indian business : News Review : 08 January 2005 : markets