Market Counters
Figures in Rupees

BSE 30

Scrip Name	Open	High	Low	Last Price
BHARTI TELE	214.90	220.25	208.70	218.15
ICICI BANK L	377.05	384.50	375.00	381.75
HDFC BANK LT	560.00	567.00	559.60	565.00
HEROHONDA M	539.00	546.70	533.00	535.95
HINDALCO IN	1,376.00	1,399.00	1,370.00	1,373.55
HOUSING DEVELOPMENT FINANCE CO	777.00	785.00	773.30	780.60
LARSEN & TOUBRO LTD.	1,019.50	1,035.00	1,018.50	1,024.50
TATA IRON AND STEEL CO. LTD.	418.00	419.40	410.50	413.85
RELIANCE ENR*	559.00	562.75	555.00	557.50
ZEE TELEF LT	150.50	155.50	149.50	150.10
MARUTI UDYOG	473.00	478.00	458.55	462.75
TATA MOTORS	489.50	493.50	477.00	478.60
DR.REDDY'S LABORATORIES LTD.	740.00	743.30	722.40	728.75
TATA POWER	421.00	423.90	411.00	412.55
RANBAXY LABORATORIES LTD.	1,044.00	1,046.75	1,019.00	1,025.15
I T C LTD	1,300.00	1,305.00	1,274.00	1,282.60
GUJARAT AMBUJA CEMENTS LTD.	441.00	444.00	436.00	436.80
WIPRO LTD.	690.00	698.00	689.00	690.90
CIPLA LTD.	271.50	275.50	270.80	272.00
SATYAM COMP	408.00	411.80	403.00	404.75
BHEL	871.00	871.00	848.10	851.00
ASSOCIATED CEMENT COMPANIES LT	368.00	370.00	363.00	363.90
HINDUSTAN PETROLEUM CORP. LTD.	357.00	359.00	349.15	353.10
GRASIM INDUSTRIES LTD.	1,363.60	1,364.80	1,345.00	1,350.25
BAJAJ AUTO	1,049.50	1,050.90	1,033.25	1,035.45
INFOSYS TECHNOLOGIES LTD.-ORDI	2,152.00	2,184.00	2,152.00	2,165.55
ONG CORP LTD	811.75	819.90	805.20	806.95
STATE BANK OF INDIA	667.00	669.70	654.55	658.25
RELIANCE*	540.00	542.50	531.50	534.45
HINDUSTAN LEVER LTD.	145.90	146.25	143.10	144.75

Last Update : 18 February, 2005, 16:05PM

S&P CNX Nifty

Symbol	Open	High	Low	Last Price
TISCO	416.00	419.10	411.50	413.90
RELIANCE	536.00	542.80	531.10	534.20
SBIN	667.70	669.70	654.15	658.25
BHARTI	213.00	220.50	208.75	218.20
MARUTI	473.00	477.90	458.35	463.10
TATAMOTORS	509.00	511.00	476.10	478.60
ONGC	813.00	819.90	804.05	806.15
SAIL	64.00	64.80	63.00	63.45
INFOSYSTCH	2170.00	2183.65	2101.00	2164.70
SATYAMCOMP	407.00	411.80	402.50	404.25
GAIL	243.00	243.40	233.70	235.90
RANBAXY	1040.00	1046.20	1018.00	1025.05
HDFC	780.00	785.00	775.00	781.70
ACC	367.00	370.00	363.05	364.00
PNB	425.50	427.65	417.50	422.45
M&M	542.90	546.00	530.55	534.00
ITC	1299.00	1305.00	1273.00	1280.05
TATAPOWER	422.90	423.80	410.85	413.15
ICICIBANK	376.00	385.00	376.00	381.75
HINDPETRO	357.50	358.90	349.15	352.55
LT	1025.00	1036.50	1018.25	1025.25
IPCL	178.40	181.35	175.00	176.35
HINDLEVER	146.00	146.40	143.10	144.75
WIPRO	694.00	697.90	688.30	691.25
HEROHONDA	531.95	545.70	531.15	535.80
BPCL	441.05	445.90	429.10	431.40
BHEL	859.00	869.90	848.00	850.80
DRREDDY	743.00	743.90	717.10	720.00
ZEETELE	151.00	155.25	150.00	150.45
CIPLA	288.00	288.00	270.45	271.90
HINDALC0	1366.40	1396.00	1366.40	1375.75
GUJAMBCEM	438.00	466.00	435.55	436.90
ORIENTBANK	313.00	313.45	306.10	307.80
TATATEA	540.00	546.50	537.00	543.25
MTNL	137.80	139.00	136.40	136.70
HDFCBANK	561.95	567.00	560.00	564.20
GRASIM	1355.00	1365.00	1346.20	1354.55
HCLTECH	347.80	350.00	341.65	343.65
TATACHEM	164.80	167.90	163.75	165.00
SCI	164.10	164.85	161.00	161.80
BAJAJAUTO	1040.00	1052.00	1035.00	1037.00
NATIONALUM	176.90	178.20	173.90	174.50
VSNL	223.00	223.00	219.20	220.35
REL	535.00	562.85	535.00	558.30
GLAXO	709.95	714.00	702.50	711.95
SUNPHARMA	490.00	490.00	472.05	475.50
INDHOTEL	588.00	605.50	588.00	604.60
DABUR	104.35	106.90	104.20	105.75
ABB	1285.00	1286.00	1250.00	1252.60
COLGATE	192.00	195.30	191.00	192.75

Last Update : 18 February, 2005, 16:00PM
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Damodaran takes charge at SEBI
Mumbai: 57-year-old bureaucrat, Meleveetil Damodaran took charge on Friday as the Chairman of the Securities and Exchange Board of India.

Damodaran, who resigned as the Chairman and Managing Director of IDBI to take up the new post, has been appointed for a three-year term at SEBI, replacing G.N. Bajpai, who completed his term on Friday.

Setting the tone for his tenure, Damodaran said punishments for mischief-makers in the market would be "swift and heavy." "We will proactively quell mischief makers. The key is in anticipating it and creating an environment where they are aware of the repercussions of their activity. We will create circumstances to minimise market mischief," he added.

Responding to a query on whether the markets were on fire, Damodaran said there are two kinds of fires: one that burns you and the other that warms you up. What is being felt now is the second kind, he said.

Bajpai said that in his three-year term, the Indian securities market has gone through significant achievements and has been acknowledged both domestically and internationally. He said he leaves the office with no regrets and is looking forward to his retirement. Damodaran's reputation as a "no-nonsense" manager has preceded him, and the markets view his appointment as a move that will help protect the interests of the small investors. He is viewed as a regulator who will take some tough stances.

Damodaran resigned as the Chairman of IDBI on Friday. He had earlier stepped down from his roles as Chairman of Specified Undertaking of Unit Trust of India and UTI Mutual Fund.
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Kotak Mahindra Bank makes preferential allotment
Mumbai: Kotak Mahindra Bank Ltd has informed the BSE that it has allotted 33,00,000 equity shares of Rs10 each on preferential basis to Madison Holding Ltd and Melany Holdings Ltd.

Both Madison and Melany, which are registered sub-accounts of Warburg Pincus, have been allotted 16,50,000 shares each.
The bank said the terms were approved by its shareholders at a meeting on Friday.
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Jet Airways IPO subscribed 4.25 times
Mumbai: The Jet Airways IPO was subscribed 4.25 times on the first day of the offer, according to figures given on the NSE Web site.

According to the site at 7:50 pm, a total of 7.32 crore bids were received on the first day. FIIs accounted for 69.93 per cent of the total issue and mutual funds accounted for 28.69 per cent of the total. Insurance companies accounted for 0.61 per cent of the total bids and FIs for 0.36 per cent. There was low interest from individuals who accounted for just 0.19 per cent of the total bids.

The maximum bids were made at the top end of the price band. The proceeds of the issue, open till February 24, will be used to retire partly the debt of the company as well as to acquire new aircraft.

The issue size of 1.72 crore equity shares is comprised a fresh issue of 1.42 crore equity shares and a balance of 30 lakh shares on offer for sale by Tail Winds Ltd. The combined offer would constitute 20 per cent of the fully diluted post offer paid-up equity capital of the company.

Of the total offer, 12 lakh shares have been reserved to be allotted to employees.
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Financial Tech to make preferential allotment to FIIs
Mumbai: The board of Financial Technologies (India) Ltd on Friday approved a preferential allotment of 28.75 lakh shares of Rs2 each to foreign institutional investors - T Rowe Price International Inc and Goldman Sachs Investment (Mauritius) Ltd at a price of Rs262 per share.

It has also upped its stake in IBS Forex Pvt Ltd from 23 per cent to 76 per cent.IBS Forex Pvt Ltd runs FX Direct, a currency trading platform for the Interbank Foreign Exchange Trading. The company has convened an extra-ordinary general meeting on March 16, for shareholders' approval for the preferential allotment.
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S Kumars board to decide on preferential allotment
Mumbai: S Kumars Nationwide Ltd has informed the Bombay Stock Exchange that a meeting of its board of directors will be held on February 24 to consider issue of equity shares on a preferential basis to the promoters in accordance with CDR requirements.

According to the company, the preferential allotment will be Rs20 crore from the promoters' contribution, as per SEBI guidelines, which will be finalised at the board meeting.
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Fidelity gets SEBI nod
Kolkata: The Securities and Exchange Board of India has granted its approval for Fidelity to launch its mutual funds in India. Fidelity plans to introduce its maiden product - a diversified equity fund - by mid-March.

Fidelity said that the proposed fund would reflect the experience gained by Fidelity's operations in other markets.
Fidelity joins the list of foreign fund managers that currently operate in India, such as Franklin Templeton, HSBC, Principal and Deutsche.

Globally, Fidelity manages over $1.2 trillion in assets (as on December 31, 2004) for about 20 million investors. Fidelity Investments covers over 90 per cent of the world market capitalisation.

Fidelity Fund Management Pvt Ltd is a subsidiary of Fidelity International Ltd (FIL), which caters to important markets through investment products and services to individuals and institutions outside the US.
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Pantaloon to pick up stake in Galaxy Entertainment
Mumbai: Pantaloon Retail (India) Ltd has announced that it is taking a 15.73 per cent stake in Galaxy Entertainment Ltd. Pantaloon will acquire 20 lakh equity shares of Galaxy Entertainment Corporation Ltd of Rs10 each fully paid-up at a premium of Rs34 per share, aggregating Rs8.8 crore, through a preferential issue.

With this Pantaloon is entering the leisure and entertainment business. Pantaloon will strategically manage the business with an eye for exponential growth. With the increasing number of malls under development, the leisure and entertainment business is all set for take off in the country.

Pantaloon owns Pantaloon, Big Bazaar and Food Bazaar and recently launched "Central", a chain of seamless shopping malls. Galaxy owns and operates Sports Bar, Bowling Company and Rain Restaurant in Mumbai.

For the quarter ended December 31, Pantaloon Retail (India) posted net sales of Rs 238.21 crore.
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