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Markets:
The Bear raises its ugly head
Mumbai: The Sensex continued with the bearish phase
in equities with a widespread decline in prices, cutting
across sectors. Broader indices such as the CNX 500, the
CNX Mid-Cap 200 and Nifty Junior declined in a more pronounced
manner. Even though Infosys exceeded market expectations
on their bottomline figures, it lost Rs67.60 and closed
at Rs1903.35.
Interestingly, every seventh stock traded on the BSE
on Wednesday was locked in the lower circuit. Market reports
have it that this is for the first time in the history
of Indian stock market that such large number of stocks
has hit the lower circuit, with such a phenomenon not
experienced even on May 17 last year, which saw the historic
fall in stock indices.
International Markets
|
|
Current
|
Change
|
|
DJIA-
Dow Jones Industrial Average
|
2092.53
|
+
12.91
|
| Nasdaq
Composite |
10617.78
|
+
61.56 |
National
Markets
|
NIFTY
|
1913.6
|
-38.45
|
| SENSEX
|
6102.74
|
-120.13 |
Market
Counters
Figures in Rupees
Gain (+) / Loss (-)
BSE 30
| ACC |
333.45
|
-0.60
|
| Bajaj
Auto |
1,080.30
|
-22.45
|
| Bharti
Televentures |
195.40 |
-4.50
|
| BHEL |
732.45
|
-5.10 |
| Cipla |
252.55
|
-15.35
|
| Dr.
Reddys Laboratories |
732.70
|
-31.25
|
| Grasim
Industries |
1,245.70
|
+0.70
|
| Gujarat
Ambuja |
400.70
|
-4.10
|
| HDFC |
722.80
|
+4.60
|
| HDFC
Bank |
479.45
|
-2.80
|
| Hero
Honda Motors |
547.40 |
-25.80
|
| Hindalco
Industries Limited |
1,240.25 |
-12.15
|
| Hindustan
Petroleum Corp |
364.45
|
-12.50
|
| HLL |
138.95
|
-2.15
|
| ICICI
Bank |
345.00
|
-
5.30 |
| Infosys
Technologies |
1,903.35
|
-67.60
|
| ITC |
1,269.30
|
-3.30
|
| Larsen
& Toubro Limited |
923.30
|
-
13.60 |
| Maruti
Udyog |
413.30
|
-14.15
|
| ONGC |
776.80 |
-3.75
|
| Ranbaxy
Labs |
1,068.55 |
-41.00
|
| Reliance
Energy |
496.70
|
-19.55 |
| Reliance
Industries |
518.30
|
-7.30
|
| Satyam
Computer Services |
356.05
|
-15.60 |
| State
Bank Of India |
573.20
|
-14.80
|
| Tata
Motors |
474.25
|
-6.60
|
| Tata
Power |
339.15
|
-16.25
|
| TISCO |
344.15
|
-5.10
|
| Wipro |
656.85
|
-16.55
|
| Zee
Telefilms |
154.75
|
-8.15
|
BSE
Gainers -Top Ten
| Company
Name |
Current
Price
|
Previous
Close
|
| Tripex
Overseas Ltd. |
12.72 |
10.60 |
|
Indo Pacific Securities Ltd. |
13.47 |
11.23 |
|
Mewar Polytex Ltd. |
13.00 |
11.10
|
Integrated Financial Services Ltd.
|
12.00 |
10.75
|
| U
P Hotels Ltd. |
33.80 |
30.30
|
|
Dhanlaxmi Fabrics Ltd. |
40.15 |
36.50
|
|
Bharat Rasayan Ltd. |
73.80 |
67.20 |
|
Indian Charge Chrome Ltd. |
13.63 |
12.50 |
|
Nucleus Securities Ltd. |
10.15 |
9.37 |
| Ceat
Ltd. |
61.30 |
56.70
|
NSE
Gainers - Top Ten
| Company
Name |
Current
Price |
Previous
Close |
|
Bharat Rasayan Ltd. |
74.40
|
67.75 |
|
Ceat Ltd. |
61.40 |
56.80
|
| Morepen
Hotels Ltd |
28.00 |
26.00
|
| Hindustan
Dorr-Oliver Ltd. |
74.85 |
70.80
|
|
S M Z S Chemicals Ltd. |
10.10 |
9.60
|
| California
Software Company Ltd. |
51.85
|
49.45
|
| Rane
Engine Valves |
359.00 |
350.00
|
| Vardhman
Spinning and General Mills Ltd. |
259.20 |
253.80 |
| Kesoram
Industries Ltd. |
123.85 |
121.30
|
| Crompton
Greaves Ltd. |
281.90 |
276.10
|
BSE
Losers -Top Ten
| Company
Name |
Current
Price |
Previous
Close |
|
Kalyani Sharp India Ltd. |
15.15 |
18.92
|
|
Tata Finance Ltd. |
38.65
|
47.90 |
|
Prime Securities Ltd. |
10.10
|
12.31 |
| Precision
Electronics Ltd. |
39.80 |
48.25
|
|
Sujana Steels Ltd. |
20.05 |
24.20
|
|
Neena Advertisers Ltd. |
14.11 |
16.99 |
|
Reliance Chemotex Industries Ltd. |
21.95
|
26.25 |
|
Asian Tea Exports Ltd. |
14.57 |
17.42
|
|
Jenburkt Pharmaceuticals Ltd. |
28.05 |
33.50
|
| Singer
India Ltd. |
13.40 |
16.00
|
NSE
Losers -Top Ten
| Company
Name |
Current
Price |
Previous
Close |
|
Nucent Finance Ltd. |
12.45 |
15.55 |
| Tata
Finance Ltd. |
38.75 |
47.85 |
|
Prime Securities Ltd. |
10.20 |
12.25 |
|
Pearl Polymers Ltd. |
11.40 |
13.40
|
|
Shreyas Shipping Ltd. |
30.55
|
35.75
|
|
Pudumjee Agro Industries Ltd. |
26.10 |
30.50
|
|
Walchandnagar Industries Ltd. |
241.00 |
280.75 |
|
Vintage Cards & Creations Ltd. |
12.15
|
14.15
|
|
Trigyn Technologies Ltd. |
18.55 |
21.50 |
|
Birla VXL Ltd. |
18.25
|
21.10
|
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London
Stock Exchange woos small Indian companies
Kolkata: The London Stock Exchange (LSE) is aiming
to enlist small and even unlisted Indian companies for
its AIM platform. The facility entails listing, including
primary listing, of a company in its early stage.
Two LSE nominated advisors - Grant Thronton and KPMG -
were actively scouting for small private entities and
corporates seeking access to foreign capital or raising
capital in foreign currency. A UK-based broking firm is
also expected to set up shop in India to help entities
in seeking admission to the AIM platform. AIM does not
require past trading record, nor does it specify a minimum
size of public holding as an entry criterion.
An entity seeking listing on the AIM needs to appoint
and retain a LSE-nominated advisor. It is also required
to appoint a broker.
Only the nominated advisor, who stays on with the company
as long as the listing continues, vets the admission document.
LSE has a total of seventy-two such nominated advisors.
In case of an unlisted entity, the nominated advisor also
prepares the initial public offering and carries out the
merchant banking operations for the issuer.
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