|
Markets:
Sensex shrugs off positive news
Mumbai: Stock remained flat despite positive announcements
from the government on telecom policy and electricity
bill. Rating agency S&P also contributed to the good
news saying that their outlook on India was stable. S&P
has raised India's long-term foreign currency rating to
BB+ and affirmed India's long-term local currency rating
at BB+.
The
30-share benchmark Sensex was down 22 points or 0.34 per
cent to close at 6530.
In the broader markets, the NSE Nifty was down 7.6 points
or 0.37 per cent to close at 2052. Power stocks charged
up with Tata Power, Reliance Energy and NTPC went up.
Power ancillary stocks also jumped up. Telecom stock reacted
positively after news came in that the government had
raised the FDI limit to 74 per cent in the sector. Banking
stocks were among the select gainers. Auto stocks were
weak. Tata Motors was down almost Rs7.5 or 1.5 per cent
to Rs485.
International
Markets
Gain (+) / Loss (-)
|
|
Current
|
Change
|
| NASDAQ |
2,075.06
|
+6.36
|
| FTSE
|
4,916.20
|
+10.00 |
| Dow
|
10,596.79
|
+44.85
|
| Nikkei
|
11,370.64
|
-36.50
|
| CAC
|
3,951.72
|
+12.54 |
| HangSeng
|
13,522.01
|
-33.79
|
| DAX |
4,296.31
|
+16.34 |
Last
Update : 3February, 2005, 10:00:16 AM
National
Markets
|
SENSEX
|
6,530.06
|
-22.41
|
| NIFTY
|
2,052.25
|
-7.60
|
Last
Update : 2 February, 2005, 16:48 PM
Market
Counters
Figures in Rupees
BSE
30
| Scrip
Name |
Open |
High |
Low |
Last
Price |
| BHEL |
765.00 |
797.95
|
760.00
|
787.55 |
| TATA
POWER |
381.00
|
398.00
|
381.00
|
392.10 |
| HINDALCO
IN |
1,347.00
|
1,376.80
|
1,332.00
|
1,365.50 |
| STATE
BANK OF INDIA |
638.00
|
655.15
|
636.00
|
648.55 |
| ICICI
BANK L |
365.00
|
369.15
|
363.55
|
366.10 |
| GUJARAT
AMBUJA CEMENTS LTD. |
450.00
|
455.00
|
445.10
|
452.80 |
| GRASIM
INDUSTRIES LTD. |
1,325.00
|
1,344.00
|
1,323.00
|
1,331.45 |
| RELIANCE
ENR* |
560.00
|
574.50
|
559.10
|
562.95 |
| TATA
IRON AND STEEL CO. LTD. |
385.20
|
388.75
|
382.25
|
383.65 |
| MARUTI
UDYOG |
449.00
|
453.60
|
445.00
|
449.90 |
| INFOSYS
TECHNOLOGIES LTD.-ORDI |
2,079.00
|
2,105.00
|
2,060.00
|
2,066.55 |
| CIPLA
LTD. |
275.00
|
286.40
|
275.00
|
283.45 |
| HINDUSTAN
LEVER LTD. |
168.40
|
168.80
|
163.10
|
164.55 |
| RANBAXY
LABORATORIES LTD. |
1,075.00
|
1,075.00
|
1,048.00
|
1,050.70 |
| I
T C LTD |
1,350.00
|
1,352.50
|
1,320.00
|
1,325.15 |
| RELIANCE* |
547.00
|
547.50
|
524.00
|
533.85 |
| TATA
MOTORS |
496.15
|
497.50
|
483.55
|
485.70 |
| BHARTI
TELE |
227.00
|
228.70
|
215.95
|
219.05 |
| WIPRO
LTD. |
698.00
|
705.00
|
681.50
|
685.65 |
| BAJAJ
AUTO |
1,050.00
|
1,050.00
|
1,032.00
|
1,036.30 |
| HDFC
BANK LT |
567.50
|
568.00
|
551.10
|
554.65 |
| LARSEN
& TOUBRO LTD. |
988.15
|
997.90
|
972.45
|
976.10 |
| SATYAM
COMP |
408.00
|
411.85
|
403.10
|
404.55 |
| HINDUSTAN
PETROLEUM CORP. LTD. |
363.90
|
367.00
|
358.75
|
360.80 |
| HOUSING
DEVELOPMENT FINANCE CO |
773.00
|
774.00
|
761.35
|
771.15 |
| ASSOCIATED
CEMENT COMPANIES LT |
356.00
|
358.80
|
352.15
|
353.65 |
| ZEE
TELEF LT |
156.00
|
158.90
|
148.00
|
153.50 |
| HEROHONDA
M |
476.25
|
540.50
|
476.25
|
529.60 |
| ONG
CORP LTD |
824.10
|
829.00
|
817.00
|
819.25 |
| DR.REDDY'S
LABORATORIES LTD. |
708.00
|
719.85
|
706.05
|
708.35 |
Last
Update : 2 February, 2005, 16:38 PM
S&P
CNX Nifty
| Symbol |
Open |
High |
Low |
Last
Price |
| BHARTI
|
228.00
|
228.00
|
217.10
|
219.00 |
| SBIN
|
636.00
|
655.45
|
636.00
|
648.75 |
| RELIANCE
|
544.20
|
547.35
|
530.20
|
533.55 |
| INFOSYSTCH
|
2073.00
|
2109.00
|
2064.00
|
2071.80 |
| SAIL
|
65.50
|
66.15
|
64.00
|
64.30 |
| TISCO
|
383.85
|
388.90
|
382.50
|
384.00 |
| SATYAMCOMP
|
408.55
|
411.80
|
403.05
|
404.60 |
| TATAMOTORS
|
494.70
|
497.40
|
483.15
|
485.55 |
| ONGC
|
821.00
|
829.10
|
818.00
|
820.40 |
| MARUTI
|
445.00
|
454.50
|
445.00
|
450.15 |
| WIPRO
|
699.00
|
705.00
|
682.65
|
686.20 |
| TATAPOWER
|
384.40
|
397.95
|
382.00
|
391.65 |
| HINDALC0
|
1338.00
|
1376.50
|
1333.00
|
1365.20 |
| PNB
|
409.00
|
417.80
|
402.60
|
405.45 |
| MTNL
|
140.00
|
142.50
|
139.25
|
139.85 |
| BHEL
|
760.00
|
797.90
|
760.00
|
786.90 |
| GAIL
|
245.00
|
245.00
|
235.00
|
235.85 |
| HINDPETRO
|
360.00
|
365.80
|
351.10
|
360.95 |
| ITC
|
1351.00
|
1351.00
|
1321.00
|
1325.40 |
| ZEETELE
|
155.00
|
158.40
|
150.20
|
153.80 |
| RANBAXY
|
1077.00
|
1078.80
|
1048.20
|
1052.95 |
| GUJAMBCEM
|
454.00
|
455.40
|
445.50
|
453.55 |
| ACC
|
355.85
|
358.25
|
353.10
|
353.90 |
| HINDLEVER
|
168.80
|
168.80
|
163.50
|
164.65 |
| NATIONALUM
|
182.00
|
185.20
|
180.00
|
180.75 |
| M&M
|
541.00
|
550.55
|
538.00
|
540.15 |
| ICICIBANK
|
361.00
|
370.00
|
361.00
|
366.05 |
| GRASIM
|
1334.70
|
1345.30
|
1325.00
|
1334.15 |
| BPCL |
430.00 |
439.90
|
425.00
|
436.85 |
| REL
|
562.50
|
574.95
|
558.65
|
563.45 |
| ORIENTBANK
|
315.50
|
318.90
|
313.00
|
315.25 |
| VSNL
|
226.00
|
235.00
|
216.80
|
224.65 |
| IPCL
|
179.80
|
181.35
|
177.50
|
178.15 |
| BAJAJAUTO
|
1026.00
|
1059.80
|
1026.00
|
1036.00 |
| HCLTECH
|
334.95
|
341.90
|
333.00
|
338.10 |
| HEROHONDA
|
533.00
|
540.90
|
527.05
|
529.95 |
| CIPLA
|
278.00
|
286.90
|
278.00
|
284.75 |
| DRREDDY
|
713.00
|
719.85
|
706.00
|
709.40 |
| LT
|
984.50
|
1000.00
|
975.00
|
979.30 |
| HDFCBANK
|
564.95
|
564.95
|
553.00
|
558.60 |
| HDFC
|
778.00
|
778.00
|
760.00
|
773.35 |
| SCI
|
166.40
|
166.40
|
160.50
|
161.40 |
| TATACHEM
|
165.00
|
166.70
|
159.40
|
159.95 |
| DABUR
|
104.10
|
108.45
|
102.20
|
103.85 |
| ABB
|
1014.90
|
1030.30
|
1008.00
|
1024.65 |
| TATATEA
|
488.00
|
492.00
|
482.50
|
483.80 |
| SUNPHARMA
|
500.50
|
503.00
|
483.00
|
489.15 |
| COLGATE
|
188.70
|
194.40
|
188.50
|
192.55 |
| INDHOTEL
|
560.00
|
560.00
|
548.00
|
550.00 |
| GLAXO
|
699.00
|
699.50
|
675.45
|
683.85 |
Last
Update : 2 February, 2005, 16:08 PM
Back to News Review
index page
SEBI:
Integrated market surveillance by June
Hyderabad: SEBI is now on the verge of providing
final touches to an integrated market surveillance system
that will keep track of any unwarranted movement in
the markets.
The integrated market surveillance system would be implemented
across exchanges and segments and would integrate the
surveillance systems of BSE, NSE, CDSL, NSDL and regional
stock exchanges with that of market regulator in phases.
As against the earlier system of going through the voluminous
data on all the scrips, brokers and intermediaries received
from the stock exchanges, the new surveillance system
would focus on real-time reports from exchanges pertaining
to abnormalities and suspicious transactions in terms
of price, volume and concentration.
Since inspection of 9,000-plus brokers, several thousands
of scrips and hundreds of market intermediaries on a
day-to-day basis has become a tough task under the existing
surveillance system, the focus in the new integrated
system would be towards the big brokers, scrips and
intermediaries who constitute about 80-85 per cent of
the trading volumes. The recently introduced system
of biometric unique identification of market participants
would also help ensure market integrity.
Back
to News Review index page
Gujarat
Ambuja raises FII and OCB shareholding limits
Mumbai: The board of directors of Gujarat Ambuja
Cements Ltd has increased the 40 per cent combined investment
limit for foreign institutional investors, non-resident
Indians and overseas corporate bodies to 50 per cent.
The limit for FIIs is 40 per cent while the combined
limit for NRIs, OCBs, and Persons of Indian Origin is
10 per cent. The board had secured the approval of the
shareholders in 2001, said the company in its notice
to the stock exchanges.
According to the company, this has been done to make
the stock more liquid and available for buying and selling.
Gujarat Ambuja has entered into an agreement with Swiss
cement company Holcim that would allow the foreign major
an eventual 67 per cent stake in the GACL-promoted Ambuja
Cements India Ltd.
Back
to News Review index page
Glenmark
to raise $70 million through FCCBs
Mumbai: Glenmark Pharmaceuticals Ltd is to raise
$70 million through Foreign Currency Convertible Bonds
(FCCBs). The bonds are expected to be listed on the
Singapore Stock Exchange, the company has informed the
BSE. The funds would be used for a basket of opportunities,
including acquisition of companies or brands overseas
and capacity addition in subsidiaries.
The bonds, which will have a five-year maturity, were
launched on Monday in two tranches. Under the first
tranche, bonds for $20 million would be convertible
at a price of Rs862.394 per share with a 71 per cent
premium to the weighted average January 31 BSE closing
price of Rs504.324, the company announcement said. The
bonds issued under the first tranche carry a zero coupon
with a yield to maturity set at 5.9 per cent.
Under the second tranche, bonds aggregating $50 million
would be convertible at a price either higher than Rs500
per share or at a 35 per cent premium to the average
of the weighted average closing price for the period
commencing September 15, 2006 and ending November 14,
2006.
Back
to News Review index page
Bata
to offer 1:4 rights issue
Kolkata: Shareholders of Bata India Ltd today
accorded their approval to a 1:4 rights issue. At an
extraordinary general meeting of the company held here,
shareholders passed a resolution which sought to offer
a rights issue of one equity share of the face value
of Rs10 each for cash at a premium within the price
band of Rs45 to Rs54 per share for every four equity
shares held. Shareholders also passed a resolution whereby
the authorised share capital of the company was increased
to Rs70 crore from Rs60 crore, through the issuance
of an additional 10,000,000 equity shares.
The company said that the pricing of the rights issue
was "very fair" since it was being offered
at a discount of around 40 per cent to ruling market
prices.
Back
to News Review index page
Warburg offloads 3 per cent in
Bharti Tele
Mumbai: Private equity investor Warburg Pincus
has offloaded a 3-per cent stake in Bharti Tele-Ventures
Ltd (BTVL), selling over 6.27 crore shares for Rs1,355
crore or over $308 million to a group of foreign funds.
Warburg's overall investment in BTVL was just under
$300 million for its over 18 per cent stake. In August
2004, Warburg had sold over 3 per cent stake in BTVL,
for more than $200 million. "The firm continues
to hold about 12 per cent of the company's (BTVL's)
equity share capital," according to a statement
from Warburg Pincus on Wednesday.
The average transaction price was around Rs217 per share,
slightly lower than BTVL's closing price of Rs219.05
on the BSE on Wednesday.
Back
to News Review index page
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