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Markets: Sensex ends lower on profit booking
Mumbai: Profit booking took its toll with the Sensex marginally down at 6618. The Nifty also slipped to 2078. IPCL and Reliance Industries lost around a per cent each. Reliance Energy also suffered marginal losses. However, Reliance Capital gained nearly a per cent.

Infotech scrips came under selling pressure. HCL Infosystems shed over 4 per cent, while NIIT, Mastek and Mphasis BFL lost around 2 per cent each. Sector majors Infosys, Satyam and Polaris lost around a per cent each. Wipro, however gained over a per cent.

The oil and gas sector registered heavy losses with Gujarat Gas and Essar Oil losing nearly 2 per cent today, while Bongaigaon Refinery, Chennai Petroleum, GAIL India, Kochi Refineries, MRPL and ONGC moved down around a per cent each. HPCL, IBP and IOC also ended the day in the red. BPCL however clocked gains of around a per cent.

Telecom scrips also suffered reverses, with Tata Teleservices losing nearly 3 per cent, followed closely by Sterlite Optical and ITI Limited which lost around 2 per cent each. Bharti Tele, HFCL, MTNL, Shyam Telecom and VSNL also moved down. Krone Communications posted impressive gains of over 4 per cent.

The cement counter provided some relief with ACC among the top gainers on the Sensex today as it touched a 52-week high of Rs379.65. The scrip ended the day at Rs376, marking a gain of over 3 per cent. Madras Cements, notched up gains of over 6 per cent today. Prism Cements also moved up over 4 per cent. However, Gujarat Ambuja and Shree Cements slipped into losses.

International Markets
Gain (+) / Loss (-)
Current
Change
NASDAQ 2,086.66 +29.02
FTSE 4,941.50 +33.20
Dow 10,716.13 +123.03
Nikkei 11,360.40 -28.95
CAC 3,958.01 +29.07
HangSeng 13,585.17 +69.84
DAX 4,339.28 +57.64

Last Update : 5 February, 2005, 10:15:16 AM

National Markets
SENSEX
6,618.23
-1.74
NIFTY
2,077.95
-1.50
Last Update : 4 February, 2005, 16:28 PM

Market Counters
Figures in Rupees

BSE 30
Scrip Name Open High Low Last Price
HOUSING DEVELOPMENT FINANCE CO 793.00 820.00 787.05 816.25
ASSOCIATED CEMENT COMPANIES LT 365.00 379.65 363.05 375.65
DR.REDDY'S LABORATORIES LTD. 715.00 735.00 715.00 732.05
HEROHONDA M 542.00 547.00 533.90 542.75
RANBAXY LABORATORIES LTD. 1,058.75 1,084.80 1,058.75 1,078.05
BAJAJ AUTO 1,060.10 1,080.00 1,059.00 1,074.70
WIPRO LTD. 700.00 708.00 697.00 703.45
I T C LTD 1,340.00 1,352.40 1,328.00 1,341.15
HINDALCO IN 1,390.00 1,400.00 1,361.25 1,385.00
ZEE TELEF LT 154.00 156.70 152.10 153.65
GRASIM INDUSTRIES LTD. 1,345.00 1,367.15 1,340.00 1,355.45
MARUTI UDYOG 462.05 465.40 453.40 463.20
TATA IRON AND STEEL CO. LTD. 398.10 402.45 391.70 397.05
HINDUSTAN LEVER LTD 168.00 170.50 165.10 165.75
CIPLA LTD. 287.00 288.40 283.15 284.60
HDFC BANK LT 574.90 577.90 563.00 565.30
STATE BANK OF INDIA 661.50 668.15 645.20 648.10
ICICI BANK L 370.95 373.50 362.00 365.00
INFOSYS TECHNOLOGIES LTD.-ORDI 2,103.25 2,118.00 2,075.00 2,080.70
BHARTI TELE 220.00 223.00 215.10 217.45
ONG CORP LTD 836.10 840.00 822.00 825.90
RELIANCE* 542.00 545.40 532.55 536.35
SATYAM COMP 409.00 412.50 402.60 404.25
HINDUSTAN PETROLEUM CORP. LTD. 371.00 372.75 362.50 364.95
LARSEN & TOUBRO LTD. 991.70 1,001.00 973.50 982.40
TATA MOTORS 497.00 499.90 488.00 490.20
BHEL 800.00 801.90 780.00 791.30
GUJARAT AMBUJA CEMENTS LTD. 461.00 462.00 451.35 455.90
RELIANCE ENR* 584.90 587.00 574.00 580.45
TATA POWER 397.00 402.80 393.00 394.95
Last Update : 4 February, 2005, 16:38 PM

S&P CNX Nifty
Symbol Open High Low Last Price
TISCO 399.15 402.50 391.60 397.00
SBIN 669.00 669.00 645.10 648.15
RELIANCE 544.00 545.00 532.40 537.15
SAIL 65.90 66.40 64.15 64.70
ACC 360.35 379.70 360.35 375.85
INFOSYSTCH 2115.00 2119.80 2077.50 2085.40
SATYAMCOMP 413.90 413.90 402.40 404.35
TATAMOTORS 495.00 499.50 487.65 490.50
MARUTI 462.65 465.70 452.15 463.05
ONGC 835.00 839.90 822.50 827.00
BHARTI 221.50 223.50 215.10 218.40
WIPRO 728.00 728.00 695.00 703.15
ITC 1330.00 1353.90 1330.00 1341.80
HDFC 794.00 820.00 788.00 817.00
PNB 415.00 416.90 405.95 408.20
GAIL 225.60 242.00 225.60 235.95
TATAPOWER 397.00 402.90 393.00 395.00
LT 994.00 1001.00 972.05 990.45
RANBAXY 1069.00 1085.85 1060.05 1081.20
GUJAMBCEM 463.80 463.80 451.10 456.15
HINDALC0 1380.00 1395.05 1365.55 1387.85
M&M 548.50 555.00 538.10 543.65
HINDPETRO 370.00 372.00 362.40 366.25
HINDLEVER 169.80 170.40 165.10 165.90
BPCL 453.00 459.00 448.55 455.75
BHEL 800.00 804.00 778.00 791.05
GRASIM 1350.00 1368.00 1338.00 1357.90
IPCL 189.50 189.50 169.50 184.70
ORIENTBANK 318.00 320.00 308.80 310.25
SCI 164.65 167.50 162.50 166.00
ZEETELE 153.50 157.00 152.70 154.05
HEROHONDA 535.00 546.75 533.20 542.80
REL 583.65 587.90 574.10 580.30
DRREDDY 717.80 735.90 712.50 732.30
TATATEA 495.00 510.00 491.00 505.45
HCLTECH 343.00 350.00 338.00 347.25
NATIONALUM 183.50 185.15 178.50 180.85
ICICIBANK 371.50 373.75 363.10 365.70
MTNL 141.00 141.00 138.60 139.05
BAJAJAUTO 1070.00 1084.00 1055.50 1077.10
HDFCBANK 570.00 579.00 563.05 567.15
TATACHEM 162.00 167.00 162.00 165.35
CIPLA 285.10 288.80 283.00 284.85
INDHOTEL 566.00 571.50 561.00 565.50
ABB 1066.00 1099.00 1065.30 1078.50
COLGATE 199.80 208.00 199.20 206.10
VSNL 225.00 225.00 221.05 223.00
SUNPHARMA 490.00 496.00 486.10 492.65
DABUR 105.00 106.40 101.10 101.90
GLAXO 682.50 693.90 682.50 686.90
Last Update : 4 February, 2005, 16:08 PM

SBI Direct Rates Of Exchange (DRE)* in Indian Rupees
Currency Cash/TCy Cash/TCy TT TT
Name Buy Sell Buy Sell
US 42.95 43.95 43.37 43.75
Sterling 80.55 82.70 81.54 82.30
Yen (100) 41.10 42.10 41.48 41.88
Sing 26.20 26.85 26.46 26.70
HK 5.50 5.65 5.56 5.61
Canadian 34.60 35.45 34.96 35.29
Swiss 35.65 36.55 36.01 36.39
Australian 32.90 33.80 33.31 33.
Euro 55.65 57.00 56.21 56.73
The SBI Direct Rates Of Exchange are applicable upto Indian Rs 10,00,000. Rates are negotiable beyond this limit.
Last Update: February 4 2005 11:07:08 AM (IST)
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J P Morgan: FII inflows to be higher in 2005
New Delhi: J P Morgan Securities has said that FII inflows into India will be higher this calendar year compared to over $8 billion recorded in 2004. Officials at J P Morgan Securities (India) say that while $8 billion of portfolio investment last year was quite large, capital inflows this year should be higher.

Officials say that the entire currency movement in the country would be dictated by capital flows. While the official line in J P Morgan Securities is that rupee will start depreciating towards 2005 end, the assessment at the India office is that the Indian currency would appreciate throughout the year.
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Escorts MF to launch liquid plan
Mumbai: Escorts mutual fund intends to launch a liquid plan, with an investment objectivet of providing income and liquidity, consistent with the prudent risk from a portfolio comprising of money market and debt instruments. It has accordingly filed the offer document with the Securities and Exchange Board of India.

Though the income may be augmented by possible capital appreciation the aim is to optimise returns while providing liquidity, according to the offer document.

The scheme has three plans. The minimum application amount on Plan A is Rs10,000, on Plan is B Rs.50 lakh and Plan C is Rs.3 crore.

There are no entry or exit loads on the scheme at present, says the document.
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FIIs buy into Dena Bank stock
Chennai: The Dena Bank public offer was oversubscribed 12 times, the bank has said, and about Rs2,600 crore was collected. About seventy per cent of the applications were from Maharashtra and Gujarat, where the bank has a strong presence.

As of now, around ten foreign institutional investors had entered the stock.

As part of its information technology initiatives, the bank has recruited sixty engineers.
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Essar Oil FCB raises $213 million
Mumbai: Essar Group has raised about $213 million (Rs937 crore) through two international bond issues to part finance its oil refinery in Gujarat.

The group has informed stock exchanges that two group companies, Essar Oil Ltd and Essar Shipping, have issued Foreign Currency Convertible Bonds (FCCBs) worth $166 million and $47 million respectively on January 31.

While Essar Oil is setting up the10.5-million-tonne refinery at Vadinar in Gujarat, the group's shipping company is developing a terminal - Vadinar Oil Terminal Ltd - for handling crude and petroleum products for the refinery.

The fresh fund raising follows the recent recast of Essar Oil's debts by the local institutional lenders, clearing their commitments to the project.
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domain-B : Indian business : News Review : 5 February 2005 : markets