Markets:
Broad based rally pushes Sensex to 6,633
Mumbai: Markets experienced a broad based rally
with the BSE Sensex ending the day above the psychological
6,600 mark, gaining 55.9 points to close at 6,633. There
was sustained buying activity in metals, automobile,
banking, technology, oil PSUs, pharma and FMCG stocks.
FMCG giant HLL, which announced Q4 net profit of Rs334
crore, closed with gains of over a per cent. The NSE
Nifty ended the day at 2,082 up 18 points.
Technology
stocks were the pick of the day with tech bellwether
Infosys and TCS leading from the forefront. Frontline
auto stocks were on a roll with Maruti Udyog, ending
the day with gains of almost 4 per cent.
Buoyed
by reports of rise in metal price on the London Metal
Exchange, metal stocks clocked significant gains. Jindal
Iron and Steel ended the day with gains of over 7 per
cent.SAIL and Sesa Goa were the other significant gainers.
Reliance
shares jumped 0.90 per cent to Rs 547.40 on a report
that it has discovered gas in D6 deep-water block off
Andhra Pradesh coast.
Bharat Electronics gained three per cent at Rs645 on
talks that it has secured Rs1,100 crore orders from
the Indian Army for the supply of defence equipment.
National
Markets
Gain
(+) / Loss (-)
|
SENSEX
|
6621.13
|
+43.30
|
| NIFTY
|
2082.05
|
+18.70
|
Last
Update : 11 February, 2005, 16:00 PM
Market
Counters
Figures in Rupees
BSE
30
| Scrip
Name |
Open |
High |
Low |
Last
Price |
| MARUTI
UDYOG |
481.90
|
499.60
|
481.05
|
498.35 |
| HEROHONDA
M |
531.00
|
552.00
|
531.00
|
550.35 |
| INFOSYS
TECHNOLOGIES LTD.-ORDI |
2,056.25
|
2,105.90
|
2,056.00
|
2,103.30 |
| SATYAM
COMP |
404.90
|
412.80
|
403.60
|
410.35 |
| TATA
POWER |
402.50
|
410.00
|
400.50
|
409.60 |
| BHARTI
TELE |
206.50
|
209.90
|
206.00
|
208.65 |
| WIPRO
LTD. |
689.00
|
698.65
|
689.00
|
695.45 |
| BAJAJ
AUTO |
1,071.25
|
1,090.00
|
1,068.00
|
1,087.25 |
| RELIANCE*
|
543.00
|
551.90
|
543.00
|
548.55 |
| HINDALCO
IN |
1,357.10
|
1,375.00
|
1,357.10
|
1,370.45 |
| STATE
BANK OF INDIA |
649.10
|
657.00
|
649.00
|
654.15 |
| ZEE
TELEF LT |
151.50
|
152.90
|
150.60
|
151.70 |
| HINDUSTAN
LEVER LTD. |
152.00
|
157.50
|
151.40
|
155.30 |
| BHEL
|
822.00
|
828.00
|
813.50
|
818.45 |
| TATA
MOTORS |
500.00
|
505.30
|
496.90
|
503.85 |
| RELIANCE
ENR* |
571.10
|
580.90
|
569.10
|
572.60 |
| ONG
CORP LTD |
821.00
|
824.80
|
817.25
|
820.70 |
| I
T C LTD |
1,331.10
|
1,339.90
|
1,326.05
|
1,333.95 |
| TATA
IRON AND STEEL CO. LTD. |
400.00
|
401.85
|
397.10
|
398.90 |
| RANBAXY
LABORATORIES LTD. |
1,058.00
|
1,058.00
|
1,042.10
|
1,045.05 |
| Cipla |
|
|
|
275.70 |
| Dr.
Reddys Laboratories |
|
|
|
742.20 |
| Grasim
Industries |
|
|
|
1,352.75 |
| ICICI
Bank |
|
|
|
374.85 |
| HINDUSTAN
PETROLEUM CORP. LTD. |
378.00
|
378.00
|
369.65
|
373.80 |
| HOUSING
DEVELOPMENT FINANCE CO |
791.00
|
800.00
|
778.55
|
784.40 |
| HDFC
BANK LT |
579.00
|
580.00
|
568.50
|
574.65 |
| LARSEN
& TOUBRO LTD. |
999.40
|
1,005.00
|
985.00
|
991.75 |
| GUJARAT
AMBUJA CEMENTS LTD. |
458.00
|
458.00
|
450.00
|
451.50 |
| ASSOCIATED
CEMENT COMPANIES LT |
380.00
|
385.00
|
376.60
|
378.70 |
Last
Update : 11 February, 2005, 16:00PM
S&P
CNX Nifty
| Symbol |
Open |
High |
Low |
Last
Price |
| RELIANCE
|
544.05
|
552.00
|
543.10
|
547.40 |
| SATYAMCOMP
|
404.00
|
412.90
|
403.00
|
410.30 |
| INFOSYSTCH
|
2070.00
|
2107.70
|
2070.00
|
2103.60 |
| SAIL
|
62.60
|
65.05
|
62.60
|
64.80 |
| MARUTI |
481.20 |
502.50
|
480.00
|
500.40 |
| TISCO |
400.00 |
401.95
|
397.50
|
399.00 |
| SBIN
|
652.90
|
656.75
|
649.00
|
654.05 |
| ONGC
|
820.00
|
824.00
|
817.00
|
820.85 |
| HINDLEVER
|
155.00
|
157.40
|
150.00
|
155.45 |
| TATAMOTORS
|
500.00
|
505.30
|
499.05
|
504.05 |
| ACC
|
380.10
|
386.85
|
376.50
|
378.80 |
| M&M
|
555.95
|
571.00
|
554.00
|
567.55 |
| WIPRO
|
690.00
|
699.00
|
684.00
|
695.25 |
| RANBAXY
|
1050.00
|
1055.00
|
1043.15
|
1045.60 |
| HDFC
|
814.45
|
814.45
|
779.00
|
784.80 |
| TATAPOWER
|
403.00
|
410.00
|
403.00
|
409.40 |
| BHARTI
|
206.10
|
209.50
|
206.10
|
208.80 |
| BHEL
|
805.00
|
827.70
|
805.00
|
819.35 |
| HEROHONDA
|
540.00
|
552.40
|
531.05
|
550.35 |
| PNB
|
423.50
|
425.00
|
416.25
|
421.30 |
| TATATEA
|
535.00
|
559.60
|
526.00
|
546.40 |
| ITC
|
1347.00
|
1369.00
|
1325.20
|
1334.00 |
| GUJAMBCEM
|
453.00
|
457.00
|
450.00
|
451.95 |
| LT
|
999.90
|
1005.00
|
993.00
|
995.05 |
| HINDPETRO
|
375.60
|
375.60
|
369.25
|
374.25 |
| GAIL |
246.00 |
249.00
|
243.55
|
246.25 |
| HCLTECH
|
348.00
|
352.95
|
344.75
|
351.10 |
| ICICIBANK
|
376.25
|
379.65
|
372.25
|
374.90 |
| IPCL
|
185.90
|
186.90
|
183.70
|
185.45 |
| MTNL
|
140.65
|
149.80
|
139.95
|
140.50 |
| BPCL
|
449.00
|
454.90
|
448.50
|
452.10 |
| BAJAJAUTO
|
1079.90
|
1090.00
|
1064.00
|
1086.70 |
| HDFCBANK
|
579.95
|
579.95
|
568.00
|
575.00 |
| ORIENTBANK
|
319.00
|
319.70
|
312.00
|
313.95 |
| REL
|
570.00
|
581.00
|
560.25
|
573.70 |
| HINDALC0
|
1358.90
|
1380.00
|
1358.90
|
1370.55 |
| CIPLA
|
278.00
|
278.00
|
274.30
|
276.40 |
| ZEETELE
|
151.00
|
152.80
|
150.05
|
151.75 |
| TATACHEM
|
171.00
|
172.50
|
168.70
|
170.10 |
| SCI
|
170.55
|
171.60
|
170.00
|
171.00 |
| ABB
|
1246.00
|
1274.00
|
1236.40
|
1269.10 |
| NATIONALUM
|
181.40
|
182.50
|
179.60
|
181.40 |
| GRASIM
|
1344.00
|
1355.00
|
1344.00
|
1352.95 |
| GLAXO
|
672.30
|
690.00
|
672.30
|
680.95 |
| DABUR
|
107.10
|
107.10
|
102.10
|
104.55 |
| DRREDDY
|
744.65
|
747.00
|
739.10
|
744.50 |
| SUNPHARMA
|
499.00
|
500.15
|
490.00
|
499.40 |
| INDHOTEL
|
574.10
|
594.00
|
574.10
|
591.00 |
| VSNL
|
220.00
|
222.80
|
218.00
|
218.70 |
| COLGATE
|
197.50
|
197.50
|
191.05
|
191.80 |
Last
Update : 11 February, 2005, 16:00PM
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Jet
Airways launches IPO for Rs1,942.50 crore
Mumbai: Jet Airways (India) Ltd has launched
its Initial Public Offering (IPO) of 1.72 crore shares
of Rs10 each to raise up to Rs1,942.50 crore from the
capital markets. The 100 per cent book built issue will
open for bids on February 18 and close on February 24.
The price band for the issue has been fixed at Rs950
and Rs1,125 per share. Of the total offer, Jet Airways
is making a fresh issue of 1.42 crore equity shares
and balance 30.21 lakh shares are an offer for sale
by Tail Wings Ltd.
The combined offer constitutes 20 per cent of the fully
diluted post offer paid up equity capital of the company.
A part of the proceeds of IPO would be used to retire
some debt of the company.
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Varun
Shipping to issue preference shares
Mumbai: The board of directors of Varun Shipping
Company has decided to issue equity shares and Optionally
Fully Convertible Warrants (OFCWs) to its Committee
of Directors on a preferential basis, subject to the
approval of shareholders.
The company will issue up to 27,00,000 equity shares
of Rs10 each at a premium of Rs22.09 (priced at Rs32.09)
aggregating to Rs8,66,43,000 to Transportation Infrastructure
and Energy Investment (TIEI), a corporation registered
in Mauritius. TIEI is a sub-account of Matterhorn Advisory
Singapore Ltd, a SEBI registered Foreign Institutional
Investor.
The Board has also approved the issue of 68,50,000 OFCWs
of Rs32.09 each aggregating to Rs21,98,16,500 to Khatau
International Ltd, which is a promoter group company.
An issue of up to 6,23,000 OFCWs of Rs32.09 aggregating
Rs1,99,92,070 would be made to Arun Mehta, Vice Chairman
and Managing Director of the company.
The prices have been arrived at as per the Guidelines
for Preferential Issue issued by the Securities and
Exchange Board of India under the Securities and Exchange
Board of India (Disclosure and Investor Protection)
Guidelines, 2000.
The company will hold its Extraordinary General Meeting
(EGM) on March 10, 2005 to consider the decisions.
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REL
Investments picks up stake in Subex Systems
New Delhi: Reliance Energy Investments Pvt Limited
has said that it has acquired Rs50 lakh worth equity
shares of Subex Systems Ltd.
REL Investments has acquired five lakh equity shares
at Rs10 each comprising 5.39 per cent of shares in Subex
Systems, the company informed the National Stock Exchange.
The date of acquisition was February 9, it said.
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SKF
AB to de-list subsidiary
New Delhi: Swedish firm SKF AB has said that
it is planning to buy the outstanding shares in its
Indian subsidiary, SKF India, and de-list it.
The world's biggest roller bearing maker, which holds
53.6 per cent in SKF India, said buying the remaining
52 million shares in the Indian unit would allow it
to integrate the unit completely with the rest of the
company and increase operational flexibility.
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Zicom
and Abu Dhabi group sign agreement for JV
New Delhi: Zicom Electronic Security Systems
Ltd. has signed a MoU for a joint venture (JV) with
the multi billion dollar Abu Dhabi conglomerate, Bin
Jabr Group in order to cater to the fast growing safety
and security market in the Gulf region. The new entity
will be based out of Abu Dhabi, Zicom has said.
As per the agreement, while Zicom will be responsible
for operational management, implementation, delivery
and servicing of safety and security systems, the Bin
Jabr Group will look after administration and relationship
management.
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Tata
MF launches service sector equity fund
Mumbai: Tata Mutual Fund has launched a sector
specific equity fund, the Tata Service Industries fund.
The open-ended equity fund would invest predominantly
in equity or equity related instruments of companies
in the service industries.
The funds investments would encompass verticals such
as IT-enabled services, banking, healthcare, tourism,
communications, media and entertainment, among others.
The fund may also invest up to 30 per cent of net assets
in debt and money market instruments.
The initial public offering for the scheme remains open
till March 10, 2005. Tata Service Industry Fund would
be available in dividend and growth options, both with
a minimum application requirement of Rs5,000.
The fund would charge an entry load of 2.25 per cent
for investments less than Rs2 crore and an exit load
of 2.25 per cent if redeemed before 365 days of investment.The
Tata Mutual Fund currently services over five lakh investors
across its various schemes.
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