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Markets:
Profit booking drags Sensex down
Markets: The markets closed below the crucial psychological level 6,650
level as profit booking in select index heavyweights dragged the markets down.
At close, the Sensex was at 6,607, down nearly 62 points. In the broader markets,
the Nifty settled at 2,068.
Losses
in auto, select banking, cement, mid-cap technology, oil PSUs, pharma, power
and textile stocks added to the downslide. Among
index heavyweights, FMCG major HLL received a major battering with the scrip
crashing over five per cent. Maruti, Tata Motors, ACC, Bajaj Auto and ICICI
Bank were the other major losers.
International
Markets
Gain (+) / Loss (-)
|
|
Current
|
Change
| | NASDAQ | 2,087.43
| -1.78
| | FTSE
| 5,053.20
| -5.70
| | Dow
| 10,834.88
| -2.44
| | Nikkei
| 11,612.61
| +10.93
| | CAC
| 4,009.02
| -21.43
| | HangSeng
| 14,000.32
| -15.17
| | DAX | 4,368.77
| -33.26
|
Last
Update : 17 February, 2005, 10:15:16 AM
National
Markets
|
SENSEX
|
6,607.78
|
-62.28
|
| NIFTY
|
2,068.80
|
-21.15
|
Last
Update : 16 February, 2005, 16:28 PM
Market
Counters
Figures in Rupees
BSE
30
| Scrip
Name | Open | High | Low | Last
Price | | TATA
IRON AND STEEL CO. LTD. | 403.50
| 411.80
| 403.00
| 406.50 |
| HINDALCO
IN | 1,379.95
| 1,401.00
| 1,370.00
| 1,384.85 |
| LARSEN
& TOUBRO LTD. | 1,008.00
| 1,028.00
| 1,008.00
| 1,012.90 |
| BHEL
| 855.00
| 877.10
| 848.10
| 858.80 |
| STATE
BANK OF INDIA | 663.55
| 677.70
| 657.20
| 663.60 |
| CIPLA
LTD. | 274.00
| 277.50
| 273.05
| 274.70 |
| WIPRO
LTD. | 707.00
| 715.00
| 700.10
| 707.05 |
| HINDUSTAN
LEVER LTD. | 153.00
| 153.45
| 143.20
| 143.90 |
| MARUTI
UDYOG | 492.00
| 492.90
| 467.90
| 471.40 |
| TATA
MOTORS | 509.00
| 509.90
| 488.55
| 491.80 |
| SATYAM
COMP | 418.00
| 419.50
| 401.55
| 406.40 |
| BHARTI
TELE | 220.05
| 220.05
| 213.25
| 214.75 |
| RELIANCE
ENR* | 566.00
| 571.25
| 545.00
| 552.70 |
| ICICI
BANK L | 385.00
| 385.50
| 371.50
| 375.40 |
| BAJAJ
AUTO | 1,070.00
| 1,070.00
| 1,030.00
| 1,046.30 |
| ONG
CORP LTD | 823.70
| 825.45
| 800.00
| 805.25 |
| ASSOCIATED
CEMENT COMPANIES LT | 376.50
| 376.50
| 367.25
| 368.70 |
| DR.REDDY'S
LABORATORIES LTD. |
755.00 | 759.00
| 740.05
| 743.40 |
| HINDUSTAN
PETROLEUM CORP. LTD. | 365.90
| 368.80
| 354.50
| 358.60 |
| HEROHONDA
M | 556.25
| 559.50
| 541.00
| 549.30 |
| GRASIM
INDUSTRIES LTD. | 1,386.00
| 1,386.00
| 1,352.00
| 1,364.80 |
| GUJARAT
AMBUJA CEMENTS LTD. | 450.10
| 452.00
| 439.05
| 443.15 |
| TATA
POWER | 422.00
| 425.00
| 414.40
| 417.25 |
| RELIANCE*
| 540.15
| 543.70
| 533.00
| 534.75 |
| I
T C LTD | 1,319.65
| 1,322.00
| 1,292.15
| 1,304.60 |
| HOUSING
DEVELOPMENT FINANCE CO | 780.00
| 792.65
| 770.00
| 774.70 |
Last Update
: 16 February, 2005, 16:38 PM
S&P
CNX Nifty
| Symbol | Open | High | Low | Last
Price | | TISCO |
403.10 | 412.30
| 403.10
| 406.70 |
| SBIN
| 661.15
| 677.80
| 655.30
| 663.15 |
| INFOSYSTCH
| 2184.00
| 2205.50
| 2170.00
| 2183.65 |
| RELIANCE
| 539.05
| 543.90
| 532.10
| 535.05 |
| SATYAMCOMP
| 425.00
| 425.00
| 403.05
| 407.70 |
| MARUTI
| 491.20
| 493.00
| 468.10
| 471.80 |
| TATAMOTORS
| 509.90
| 510.00
| 489.00
| 491.85 |
| SAIL
| 65.05
| 65.40
| 62.95
| 63.50 |
| GAIL
| 250.00
| 253.30
| 241.00
| 244.15 |
| ITC
| 1315.00
| 1322.90
| 1293.60
| 1305.35 |
| M&M
| 564.00
| 565.20
| 540.00
| 544.05 |
| RANBAXY
| 1055.00
| 1062.00
| 1045.00
| 1053.90 |
| HDFC |
782.90 | 791.80
| 765.20
| 772.45 |
| HINDPETRO
| 362.00
| 368.80
| 354.00
| 358.65 |
| ONGC
| 824.00
| 825.40
| 801.00
| 805.75 |
| BHARTI
| 219.20
| 220.00
| 213.10
| 214.75 |
| BHEL |
852.00 | 877.00
| 850.00
| 858.85 |
| HINDLEVER
| 153.00
| 153.90
| 143.05
| 143.90 |
| TATAPOWER
| 420.00
| 424.90
| 413.05
| 415.85 |
| WIPRO
| 710.15
| 714.85
| 701.55
| 706.90 |
| ACC
| 374.00
| 375.90
| 367.60
| 368.70 |
| HINDALC0
| 1372.00
| 1402.00
| 1370.50
| 1387.55 |
| PNB |
426.70 | 428.90
| 420.00
| 424.75 |
| LT
| 1010.05
| 1028.70
| 1006.10
| 1013.10 |
| BPCL |
445.00 | 455.95
| 445.00
| 447.75 |
| HDFCBANK
| 565.00
| 573.00
| 557.00
| 562.00 |
| HCLTECH
| 354.80
| 354.80
| 347.15
| 350.50 |
| ORIENTBANK
| 310.00
| 313.00
| 305.60
| 308.45 |
| GUJAMBCEM
| 449.00
| 451.80
| 440.00
| 444.35 |
| ICICIBANK
| 385.00
| 385.90
| 373.05
| 375.60 |
| GRASIM
| 1375.00
| 1388.00
| 1350.10
| 1365.55 |
| HEROHONDA
| 557.85
| 560.00
| 541.35
| 548.70 |
| IPCL
| 181.00
| 185.20
| 179.20
| 180.35 |
| BAJAJAUTO
| 1071.00
| 1071.00
| 1035.25
| 1045.90 |
| NATIONALUM
| 178.95
| 180.45
| 176.55
| 177.90 |
| TATATEA
| 554.00
| 555.40
| 539.00
| 541.95 |
| ZEETELE
| 152.75
| 153.70
| 152.00
| 152.35 |
| GLAXO
| 723.00
| 739.00
| 699.15
| 703.55 |
| CIPLA
| 272.00
| 277.45
| 272.00
| 274.55 |
| TATACHEM
| 165.90
| 168.00
| 165.00
| 166.70 |
| MTNL
| 140.80
| 140.80
| 137.10
| 138.05 |
| DABUR
| 107.40
| 109.90
| 104.50
| 105.75 |
| SCI
| 169.75
| 171.00
| 163.50
| 164.70 |
| REL
| 565.10
| 570.80
| 545.10
| 553.80 |
| SUNPHARMA
| 495.00
| 498.00
| 488.00
| 489.60 |
| ABB
| 1280.00
| 1284.85
| 1251.30
| 1264.85 |
| DRREDDY
| 753.00
| 755.00
| 743.00
| 745.75 |
| VSNL
| 228.40
| 229.80
| 221.00
| 224.15 |
| INDHOTEL
| 605.00
| 605.00
| 592.50
| 596.20 |
| COLGATE
| 192.10
| 194.40
| 191.10
| 193.15 |
Last Update
: 16 February, 2005, 16:08 PM
Back to News Review index page
Franklin
flexi cap fund mops up Rs1,950 crore
Mumbai: Franklin Templeton Investments (India) has collected over
Rs1,950 crore from the initial public offer of its new equity fund - Franklin
India Flexi Cap Fund. The IPO closed on February 9.
The Flexi Cap Fund will invest in companies based on a research-driven,
bottom-up stock selection process, irrespective of their market capitalisation,
as per the offer document of the fund.
The IPO proceeds have been collected from over 2 lakh investors across the
country, the release said. The scheme will open for subscription on an ongoing
basis from March 7.
Back
to News Review index page Allahabad
Bank files prospectus for public issue
Kolkata: The Allahabad Bank has filed a draft red herring prospectus
with the Securities and Exchange Board of India as part of its exercise
to enter the capital market with an offer of public issue of equities, according
to a press release issued by the bank. This will be its second public issue.
The bank proposes to issue 10 crore equity shares of Rs10 each for cash
at a premium to be decided through the book-building process. The issue
is to be made through a 100 per cent book-built process.
Of the total offer, the bank has reserved 10 million equity shares for its
employees and another 10 million for its existing retail shareholders.
The book-running lead managers to the issue are SBI Capital Markets, DSP
Merrill Lynch, ICICI Securities Ltd, JM Morgan Stanley and Kotak Mahindra
Capital.
Back to News Review index page
PNB
public offer opens March 7
New Delhi: The Punjab National Bank is planning to raise close to
Rs3,000 crore through its second public offer of eight crore shares. Of
the eight crore shares that will be offered, PNB will reserve 80 lakh shares
for existing small shareholders and an equivalent amount for employees. The
public offer will open on March 7 and close on March 11. The issue will
be priced through the book-building process. The
bank has appointed five merchant bankers - DSP Merrill Lynch, JM Morgan
Stanley, Kotak Securities, I-Sec and Enam Financial to manage the public
offer.
Back
to News Review index page Shriram
Transport board allots shares to subsidiary
Chennai: Shriram Transport Finance Company Ltd has informed the BSE
that the board of directors at their meeting held on Wednesday have allotted
to Uno Investments, a wholly owned subsidiary of ChrysCapital III, LLC,
1,34,79,000 equity shares of Rs10 each for cash at Rs35 per share.
In addition, the company will allot 29,66,000 warrants, convertible into
equity shares at a later date, of Rs10 each for cash at Rs35 per share.
Further, the company has informed that the board has also given in-principle
approval for proposals relating to restructuring/reorganisation (including
merger/demerger/amalgamation) of the company with Shriram Investments Ltd
and/or Shriram Overseas Finance Ltd.
The group had recently announced that it would merge the three NBFCs into
one company.
Back
to News Review index page Hind
Lever transfers soap plant to subsidiary
Mumbai: The board of Hindustan Lever Ltd has approved the acquisition
of its Sewree plant by Bon Ltd, a wholly owned subsidiary of the company.
This facility is involved in the manufacture of soap and soap intermediates.
In a news release, HL said that Bon Limited will be suitably recapitalised
with a mix of equity and debt, consistent with investments required to be
made in the acquisition of the undertaking. It also said that the effective
date of transfer will be communicated in due course.
HLL's shareholders have already approved the transfer of the undertaking,
through a postal ballot, the results of which were announced on December
30, 2004.
Back
to News Review index page
Sundaram
Fasteners subsidiary to merge arms
Chennai: Sundram Fasteners Ltd has informed the BSE that the board
of directors of Aplomb Investments Ltd (AIL), a subsidiary of the company,
has approved a proposal to merge Upasana Engineering Ltd (an unlisted wholly
owned subsidiary of AIL) and Upasana Components Ltd (an unlisted subsidiary
of AIL) with Aplomb Investments Ltd, with effect from April 1, 2005.
Back
to News Review index page
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