news


Markets: Smelling of roses at 6679
Mumbai: Key stock market indices sniffed new highs on a broad-based rally on Valentine's day. The 30-share benchmark Sensex, touched an all-time high of 6719 in intra-day trades, and closed 45 points up at 6679. In the broader markets, the 50-share NSE Nifty gained 16 points or 0.78 per cent to finish at 2,098.

The sentiments amongst the broking community indicate that a pre-budget rally is on its way, with mid-caps and the blue chips on an upswing over the next 10 days or so.

Frontline technology stocks led the gainers. Infosys, Satyam and Wipro all moved up. Banking stocks were also in the limelight as the Bankex BSE rose by 0.4 per cent to 3,788.

India's largest Bank SBI touched its 13-year high. ICICI Bank touched a 52-week high in intra-day trades.

Metals stocks were firm on the back of encouraging cues from the London Metal Exchange. The BSE Metal Index was up 1.2 per cent. Tata Steel was up 1.4 per cent.

FMCG majors HLL and ITC were among the major losers. Cement majors were in the red. ACC and Gujarat Ambuja fell.

FIIs: Foreign institutional investors have pumped in Rs4,708.5 crore in the first fortnight of February.

International Markets
Gain (+) / Loss (-)

Current
Change
NASDAQ2,082.91 +6.25
FTSE 5,041.80 -2.40
Dow 10,791.13 -4.88
Nikkei 11,656.12 +23.92
CAC 4,012.11 -4.64
HangSeng 13,995.47 -21.76
DAX4,386.40 -1.40
Last Update : 15 February, 2005, 10:15:16 AM

National Markets
SENSEX
6,679.33 +45.57
NIFTY 2,098.25 +16.20
Last Update : 14 February, 2005, 16:28 PM

Market Counters
Figures in Rupees

BSE 30
Scrip NameOpenHighLowLast Price
BHEL 823.00 865.00 823.00 860.30
INFOSYS TECHNOLOGIES LTD.-ORDI 2,119.95 2,177.00 2,119.95 2,168.85
BHARTI TELE 209.90 218.15 209.90 214.80
SATYAM COMP 415.00 424.30 415.00 421.45
HEROHONDA M 559.90 567.10 553.05 563.75
WIPRO LTD. 701.00 719.95 701.00 711.25
STATE BANK OF INDIA 659.90 675.00 658.00 665.70
ICICI BANK L 379.00 384.90 378.00 380.85
TATA IRON AND STEEL CO. LTD. 400.00 408.00 399.95 404.45
LARSEN & TOUBRO LTD. 994.00 1,005.00 994.00 1,001.60
HINDALCO IN 1,390.00 1,391.95 1,371.35 1,383.40
TATA MOTORS 505.10 512.25 505.10 507.60
GRASIM INDUSTRIES LTD. 1,360.00 1,368.00 1,352.05 1,360.40
RANBAXY LABORATORIES LTD. 1,055.00 1,064.75 1,040.00 1,050.95
ONG CORP LTD 823.00 833.00 818.25 823.90
CIPLA LTD. 277.80 278.75 276.00 276.65
RELIANCE ENR* 577.90 583.80 570.00 574.45
ZEE TELEF LT 153.80 153.80 150.75 152.10
DR.REDDY'S LABORATORIES LTD. 749.00 755.00 735.00 742.45
HINDUSTAN LEVER LTD. 153.55 158.00 151.05 151.90
MARUTI UDYOG 500.00 503.95 486.55 490.80
ASSOCIATED CEMENT COMPANIES LT 380.70 381.00 372.55 373.75
I T C LTD 1,337.00 1,350.00 1,311.10 1,316.55
HINDUSTAN PETROLEUM CORP. LTD. 379.00 379.00 367.15 369.80
GUJARAT AMBUJA CEMENTS LTD. 455.00 455.00 445.00 446.95
HDFC BANK LT 570.25 578.00 567.10 568.95
RELIANCE* 549.00 553.80 538.65 543.15
BAJAJ AUTO 1,097.50 1,097.50 1,071.00 1,078.25
TATA POWER 411.00 415.00 405.00 408.70
HOUSING DEVELOPMENT FINANCE CO 785.00 791.00 780.00 782.95
Last Update : 14 February, 2005, 16:38 PM

S&P CNX Nifty
SymbolOpenHighLowLast Price
INFOSYSTCH 2120.00 2179.70 2120.00 2169.65
SAIL 64.90 67.15 64.85 65.75
RELIANCE 551.90 553.25 538.85 543.55
SBIN 658.00 674.70 658.00 665.55
TISCO 401.00 408.00 400.75 404.80
SATYAMCOMP 415.00 424.75 415.00 421.95
MARUTI 507.50 507.50 486.55 491.05
TATAMOTORS 507.00 512.80 503.50 508.35
ONGC 820.00 833.25 819.00 823.60
BHEL 821.00 869.00 821.00 859.50
BHARTI 210.45 218.20 210.45 214.95
GAIL 250.00 252.70 243.50 251.30
WIPRO 714.95 720.00 703.00 713.65
HINDLEVER 156.70 157.75 150.65 151.80
TATAPOWER 411.05 415.25 404.95 408.55
M&M 570.00 573.50 560.00 562.05
ACC 379.00 381.00 373.00 373.75
HCLTECH 355.00 361.00 351.25 358.10
ICICIBANK 378.75 384.50 378.00 380.80
GUJAMBCEM 457.00 457.95 445.25 447.65
IPCL 187.50 188.20 185.15 186.50
RANBAXY 1058.00 1064.00 1045.00 1052.60
ITC 1343.00 1350.00 1312.00 1318.95
TATATEA 550.00 566.00 543.00 559.15
HEROHONDA 554.00 567.60 553.00 563.95
PNB 423.00 428.45 417.10 419.20
LT 1034.90 1034.90 992.25 1001.40
HINDALC0 1370.55 1395.00 1370.55 1380.70
HDFCBANK 562.40 578.25 562.40 568.65
GRASIM 1359.00 1369.45 1350.05 1360.20
ORIENTBANK 315.45 317.90 309.25 311.55
MTNL 141.60 142.40 140.50 141.80
HINDPETRO 375.00 380.00 368.00 369.75
HDFC 793.00 793.00 780.00 782.70
VSNL 221.00 235.00 221.00 228.90
INDHOTEL 607.00 607.00 590.00 595.00
NATIONALUM 183.00 183.50 179.60 180.40
CIPLA 278.00 279.00 276.10 276.70
ZEETELE 153.10 153.65 150.25 152.05
BPCL 458.00 458.00 448.20 450.30
DRREDDY 744.50 754.00 740.10 746.05
BAJAJAUTO 1087.50 1099.00 1070.05 1078.90
TATACHEM 173.00 174.40 167.20 168.10
REL 577.00 582.40 570.10 574.85
ABB 1288.00 1299.00 1276.00 1293.05
SCI 172.00 172.40 170.15 171.40
DABUR 106.00 108.00 105.00 107.25
SUNPHARMA 465.25 510.00 465.25 499.95
GLAXO 687.80 694.75 682.30 687.70
COLGATE 194.00 197.00 191.30 193.40
Last Update : 14 February, 2005, 16:08 PM
Back to News Review index page  

UTV IPO to open on Feb 21
Mumbai: Media and entertainment company UTV Software Communications Ltd will enter the capital market on February 21, offering an Initial Public Offer of 69,99,950 equity shares of Rs10 each, through a 100 per cent book building route to finance its expansion plans.

According to the CEO of UTV Software Communications, Ronnie Screwvala, the company has fixed a price band of Rs115-130 for the public issue. The size of the issue would be Rs91 crore at the upper end of price band and Rs80.5 crore at the lower end of the band.

The issue proceeds would be used to enhance production facility, office and infrastructure augmentation. It will also be used for investment in its children's channel Hungama TV and fund production, post- production and distribution of movies. The bid closes on February 25. The book running lead manager to the issue is Enam Financial Consultants Pvt Ltd and co-book running lead manager is IL&FS Investsmart Ltd. The net issue to public would constitute 34.11 per cent of the fully diluted post issue paid-up capital of the company.

The shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange, he added.
Back to News Review index page  

Bank of Baroda to come out with second public issue
Mumbai: Bank of Baroda has received approval from the Union Government for its second public issue of 7.1 crore equity shares. The shares will be priced at Rs10 each with a premium. The bank's board will meet on February 25 to finalise the details, officials said.

Post-issue, the Government's stake in the bank is expected to come down to 53.80 per cent from 66.83 per cent.
Back to News Review index page  

Emerging equities scheme from Canbank Mutual
Mangalore: Canbank Mutual Fund has launched 'CanEmerging Equities', an open-ended equity scheme. The initial public offer would be open till February 23.

A release by Canbank Investment Management Services Ltd said on Monday that the focus of the scheme would be to invest in diversified stocks having small and medium market capitalisation with potential to emerge as blue chips. The minimum investment in the scheme is Rs5,000 and in multiples of Re 1 thereafter.

The scheme offers growth option, income option and bonus option, the release added.
Back to News Review index page  


 

 search domain-b
  go
 
domain-B : Indian business : News Review : 15 February 2005 : markets