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Markets: Modest volumes result in flat ending
Mumbai: A day after closing at an all-time high of 6,679, markets lost momentum with the Sensex closing at 6,670, down marginally by nine points. In the broader markets, Nifty too ended weak at 2,089. The volumes on the bourses were modest.

International Markets
Gain (+) / Loss (-)

Current
Change
NASDAQ2,089.21 +6.30
FTSE 5,058.90 +17.10
Dow 10,837.32 +46.19
Nikkei 11,635.61 -10.88
CAC 4,030.45 +18.34
HangSeng 14,007.39 +11.56
DAX4,402.03 +15.63
Last Update : 16 February, 2005, 10:15:16 AM

National Markets
SENSEX
6,659.54 -19.79
NIFTY 2,088.15 -10.10
Last Update : 15 February, 2005, 16:28 PM

Market Counters
Figures in Rupees

BSE 30
Scrip Name Open High Low Last Price
TATA POWER 409.00 422.00 405.15 421.00
BHARTI TELE 214.00 220.50 213.25 219.85
DR.REDDY'S LABORATORIES LTD. 740.00 758.95 740.00 752.70
GRASIM INDUSTRIES LTD. 1,375.00 1,380.00 1,360.05 1,378.85
INFOSYS TECHNOLOGIES LTD.-ORDI 2,173.00 2,190.00 2,146.10 2,184.05
ICICI BANK L 382.00 387.55 380.85 382.95
ZEE TELEF LT 153.00 154.75 151.05 152.65
LARSEN & TOUBRO LTD. 1,000.05 1,035.00 988.00 1,002.90
HINDUSTAN LEVER LTD. 152.00 154.10 151.05 152.05
RANBAXY LABORATORIES LTD. 1,069.00 1,070.00 1,048.00 1,051.70
GUJARAT AMBUJA CEMENTS LTD. 448.00 449.80 443.25 447.05
HINDUSTAN PETROLEUM CORP. LTD. 375.50 375.50 360.00 362.55
RELIANCE ENR* 575.10 577.90 562.00 564.65
HEROHONDA M 566.25 566.25 551.25 555.10
HDFC BANK LT 571.05 575.90 560.00 561.70
SATYAM COMP 420.90 420.90 412.90 416.15
BHEL 865.00 865.00 843.00 851.15
BAJAJ AUTO 1,070.15 1,083.00 1,061.25 1,067.05
CIPLA LTD. 276.95 277.00 273.10 274.30
RELIANCE* 544.00 545.00 534.40 538.95
WIPRO LTD. 714.10 714.10 703.00 706.35
TATA IRON AND STEEL CO. LTD. 405.45 407.00 400.50 401.75
STATE BANK OF INDIA 662.50 669.90 654.65 661.30
HINDALCO IN 1,388.00 1,388.00 1,356.10 1,375.00
HOUSING DEVELOPMENT FINANCE CO 785.85 786.00 777.00 779.20
ONG CORP LTD 825.70 825.75 817.25 820.00
I T C LTD 1,328.70 1,328.70 1,310.10 1,312.90
TATA MOTORS 508.00 508.10 498.60 506.65
MARUTI UDYOG 494.00 495.00 487.50 490.50
Last Update : 15 February, 2005, 16:38 PM

S&P CNX Nifty
Symbol Open High Low Last Price
INFOSYSTCH 2170.00 2188.00 2145.00 2181.90
RELIANCE 543.65 543.65 535.50 539.20
TISCO 405.50 407.10 400.60 402.05
SBIN 668.00 668.00 654.60 661.15
SATYAMCOMP 420.10 421.00 412.50 416.00
ONGC 828.80 828.80 817.25 819.90
MARUTI 492.00 494.95 487.35 490.05
BHARTI 214.60 220.00 213.05 218.60
SAIL 66.00 66.00 64.60 64.85
TATAMOTORS 507.00 510.00 499.00 507.55
RANBAXY 1057.00 1067.90 1048.15 1053.40
TATAPOWER 414.90 422.00 405.35 420.90
LT 1004.90 1035.00 985.00 1003.25
ACC 300.00 375.35 300.00 373.60
GAIL 253.00 253.00 247.10 249.30
PNB 421.00 424.90 415.30 421.40
M&M 563.70 572.30 558.30 561.55
BHEL 850.00 860.00 840.10 851.35
ITC 1335.00 1335.00 1308.10 1312.80
WIPRO 713.00 714.00 703.00 706.65
ICICIBANK 382.00 387.00 380.85 383.15
GUJAMBCEM 448.00 449.45 443.25 448.15
HINDLEVER 151.95 154.30 151.05 152.15
GRASIM 1366.00 1380.00 1360.00 1377.40
HINDALC0 1385.00 1388.00 1357.20 1369.75
HCLTECH 357.00 358.90 332.20 350.95
HDFCBANK 575.00 578.00 560.10 562.50
HINDPETRO 370.00 371.95 360.00 362.20
ORIENTBANK 310.00 313.80 305.25 308.05
BPCL 452.90 452.90 442.00 443.95
GLAXO 704.00 714.00 682.00 702.95
IPCL 187.00 187.00 182.25 183.70
HDFC 784.90 786.00 776.00 779.70
TATATEA 563.00 565.00 546.50 549.00
HEROHONDA 562.85 562.85 551.50 555.60
VSNL 230.00 231.85 224.30 226.60
ZEETELE 152.70 154.50 151.10 152.55
DRREDDY 749.00 759.80 740.10 752.75
NATIONALUM 181.70 181.70 176.40 177.60
BAJAJAUTO 1106.00 1106.00 1065.00 1068.30
REL 575.00 575.00 563.00 565.95
MTNL 142.00 142.00 139.15 139.90
CIPLA 277.50 277.50 273.00 274.40
TATACHEM 168.85 169.00 164.50 165.95
SCI 171.50 171.50 168.60 169.75
ABB 1285.00 1290.00 1253.00 1276.75
DABUR 108.00 109.40 105.40 106.30
SUNPHARMA 461.10 510.00 461.10 493.55
COLGATE 193.50 196.50 190.00 194.05
INDHOTEL 600.00 609.00 590.00 594.20
Last Update : 15 February, 2005, 16:08 PM
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Reliance MF launches Equity Opportunities Fund
Mumbai: The Reliance Mutual Fund has launched an open-ended diversified equity scheme, the Equity Opportunities Fund, according to a company press release. This scheme's investment objective is to provide long-term capital appreciation by investing in stocks across sectors and industries of all market capitalisations.

The initial public offer of the issue remains open till March 7. There will be no entry load during the initial public offer.

The scheme will invest up to 75-100 per cent in equity and equity-related instruments and up to 25 per cent in debt securities and money market instruments with an aim to generate regular income, the release said. The minimum application amount is Rs5,000.
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LIC likely to hike exposure to equities
New Delhi: The Life Insurance Corporation (LIC) is considering raising its investments in equities to 10 per cent of its investible funds from the existing eight per cent.

LIC at present has investible funds of about Rs3,70,000 crore. On the forthcoming public issues, the corporation said that it would be actively investing in the offers of banks, public sector companies and private companies.

LIC has said that it hopes to garner over Rs14,000 crore in new premium income during the current financial year. It said that it has been growing at around 35 per cent till now, and expects new premium income from individual policies to be over Rs11,000 crore in the current fiscal.

In the group insurance business the corporation has registered a growth of 67 per cent and 127 per cent over the past two years.
On LIC's reducing market share, the corporation said that it's market share fell to 78.43 per cent till December 2004 from 88.21 per cent in 2003.
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domain-B : Indian business : News Review : 16 February 2005 : markets