|
Markets: Budget
expectations bring out the bulls
Mumbai: After five consecutive sessions of losses, the indices closed
strong in the positive territory. The BSE Sensex closed at 6,589 (up 54 points)
and the NSE Nifty is at 2,060 (up 17 points). Banking stocks led the pack
of gainers. With no specific trigger for the markets to bounce back so sharply
the day's gains could be attributed to expectations being built up before
the budget.
International Markets
Gain (+) / Loss (-)
|
|
Current
|
Change
|
| NASDAQ |
2,030.32
|
-28.30
|
| FTSE
|
5,032.90
|
-27.90
|
| Dow
|
10,611.20
|
-174.02
|
| Nikkei
|
11,492.22
|
-105.49
|
| CAC
|
4,002.33
|
-20.29
|
| HangSeng
|
13,944.15
|
-146.37
|
| DAX |
4,323.21
|
-30.13
|
Last
Update : 23 February, 2005, 10:15:16 AM
National
Markets
|
SENSEX
|
6,589.41 |
+54.73 |
| NIFTY
|
2,058.40 |
+15.20 |
Last
Update : 22 February, 2005, 16:15 PM
Market
Counters
Figures in Rupees
BSE
30
| Scrip
Name |
Open |
High |
Low |
Last
Price |
| LARSEN
& TOUBRO LTD. |
1,017.00
|
1,077.50
|
1,016.00
|
1,067.35 |
| STATE
BANK OF INDIA |
661.00
|
685.90
|
660.00
|
680.75 |
| BAJAJ
AUTO |
1,034.15
|
1,053.80
|
1,028.00
|
1,050.10 |
| HINDUSTAN
LEVER LTD. |
143.20
|
146.35
|
141.30
|
145.25 |
| RELIANCE
ENR* |
550.00
|
559.50
|
525.00
|
558.35 |
| MARUTI
UDYOG |
465.00
|
475.80
|
463.05
|
473.40 |
| I
T C LTD |
1,265.00
|
1,290.10
|
1,261.00
|
1,284.45 |
| TATA
MOTORS |
476.00
|
484.00
|
475.05
|
482.90 |
| GUJARAT
AMBUJA CEMENTS LTD. |
436.50
|
444.90
|
435.00
|
443.65 |
| SATYAM
COMP |
400.00
|
405.00
|
399.00
|
404.55 |
| RELIANCE*
|
531.00
|
541.00
|
531.00
|
539.65 |
| TATA
IRON AND STEEL CO. LTD. |
409.00
|
415.00
|
405.65
|
412.75 |
| INFOSYS
TECHNOLOGIES LTD.-ORDI |
2,137.50
|
2,182.00
|
2,116.25
|
2,161.85 |
| CIPLA
LTD. |
266.00
|
269.70
|
263.75
|
267.70 |
| WIPRO
LTD. |
679.80
|
685.00
|
673.00
|
683.30 |
| ZEE
TELEF LT |
150.60
|
152.95
|
150.00
|
150.20 |
| ASSOCIATED
CEMENT COMPANIES LT |
363.00
|
364.35
|
357.85
|
363.70 |
| HOUSING
DEVELOPMENT FINANCE CO |
779.00
|
782.00
|
775.10
|
778.05 |
| GRASIM
INDUSTRIES LTD. |
1,336.00
|
1,350.00
|
1,336.00
|
1,347.50 |
| BHEL
|
840.50
|
845.00
|
834.10
|
841.15 |
| RANBAXY
LABORATORIES LTD. |
1,025.00
|
1,029.00
|
1,004.00
|
1,013.10 |
| HINDUSTAN
PETROLEUM CORP. LTD. |
351.00
|
352.00
|
344.30
|
347.85 |
| HINDALCO
IN |
1,366.00
|
1,367.00
|
1,353.15
|
1,358.00 |
| HEROHONDA
M |
535.85
|
544.85
|
530.00
|
539.75 |
| ICICI
BANK L |
376.00
|
376.90
|
370.65
|
374.75 |
| BHARTI
TELE |
215.00
|
216.95
|
214.00
|
214.70 |
| DR.REDDY'S
LABORATORIES LTD. |
724.50 |
728.80
|
717.05
|
723.05 |
| ONG
CORP LTD |
811.00
|
813.50
|
808.00
|
809.75 |
Tata
Power
|
|
|
|
409.65 |
| HDFC
Bank |
|
|
|
560.70 |
Last
Update : 22 February, 2005, 16:05PM
S&P
CNX Nifty
| Symbol |
Open |
High |
Low |
Last
Price |
| SBIN
|
660.75
|
686.00
|
660.00
|
680.35 |
| RELIANCE
|
534.00
|
541.35
|
532.05
|
539.55 |
| TISCO
|
410.00
|
414.95
|
405.25
|
412.55 |
| INFOSYSTCH
|
2149.00
|
2175.00
|
2103.70
|
2161.00 |
| SAIL
|
62.70
|
64.10
|
62.25
|
63.80 |
| SATYAMCOMP
|
401.00
|
405.00
|
399.00
|
404.60 |
| LT
|
1024.40
|
1074.95
|
1015.00
|
1067.70 |
| MARUTI
|
465.70
|
475.00
|
463.00
|
473.75 |
| TATAMOTORS
|
479.00
|
484.50
|
476.10
|
483.30 |
| ONGC
|
811.00
|
813.80
|
807.20
|
809.95 |
| RANBAXY
|
1015.00
|
1025.00
|
1008.25
|
1013.50 |
| PNB
|
425.00
|
431.90
|
424.50
|
429.05 |
| ACC
|
363.00
|
364.50
|
357.80
|
363.90 |
| GAIL
|
232.25
|
240.00
|
232.25
|
238.75 |
| BPCL
|
424.00
|
427.00
|
417.70
|
423.50 |
| M&M
|
531.00
|
545.00
|
530.05
|
543.10 |
| HINDPETRO
|
358.90
|
358.90
|
344.00
|
347.80 |
| HINDLEVER
|
142.40
|
146.50
|
141.25
|
145.45 |
| TATAPOWER
|
409.85
|
411.00
|
406.50
|
409.75 |
| ITC
|
1261.20
|
1290.90
|
1261.00
|
1283.70 |
| WIPRO |
685.00 |
685.90
|
673.00
|
683.45 |
| ORIENTBANK
|
318.80
|
318.80
|
306.50
|
313.70 |
| BHARTI
|
214.40
|
216.90
|
214.00
|
214.95 |
| BHEL
|
845.90
|
846.00
|
834.20
|
842.70 |
| GUJAMBCEM
|
436.00
|
444.90
|
435.00
|
443.60 |
| ICICIBANK
|
376.45
|
376.45
|
370.50
|
374.65 |
| CIPLA
|
267.00
|
269.75
|
263.20
|
267.90 |
| TATATEA
|
535.00
|
545.00
|
535.00
|
542.70 |
| BAJAJAUTO
|
1032.00
|
1054.80
|
1027.35
|
1051.20 |
| HEROHONDA
|
540.90
|
544.70
|
537.00
|
540.00 |
| HCLTECH
|
339.95
|
340.90
|
333.10
|
336.20 |
| ZEETELE
|
150.40
|
153.00
|
150.00
|
150.40 |
| HDFC
|
781.00
|
785.00
|
772.00
|
778.50 |
| HDFCBANK
|
556.00
|
565.00
|
556.00
|
560.60 |
| MTNL
|
135.00
|
136.60
|
134.20
|
135.45 |
| HINDALC0
|
1370.00
|
1370.00
|
1353.10
|
1358.30 |
| IPCL
|
175.00
|
176.70
|
173.90
|
176.20 |
| GRASIM
|
1342.05
|
1352.00
|
1335.35
|
1347.25 |
| REL
|
554.00
|
559.40
|
544.00
|
558.35 |
| SCI
|
158.80
|
161.40
|
155.55
|
160.45 |
| NATIONALUM
|
173.10
|
175.70
|
172.60
|
174.85 |
| INDHOTEL
|
594.00
|
604.30
|
594.00
|
601.20 |
| GLAXO
|
725.00
|
731.40
|
718.90
|
730.15 |
| DRREDDY
|
721.00
|
728.00
|
715.00
|
723.50 |
| TATACHEM
|
161.00
|
162.00
|
159.00
|
161.30 |
| SUNPHARMA
|
468.50
|
473.00
|
463.00
|
471.30 |
| VSNL
|
221.50
|
223.70
|
219.25
|
223.10 |
| ABB
|
1258.00
|
1258.00
|
1227.00
|
1230.00 |
| DABUR
|
105.50
|
106.50
|
104.50
|
106.00 |
| COLGATE
|
189.80
|
190.00
|
187.65
|
188.95 |
Last
Update : 22 February, 2005, 16:00PM
Back to News Review index
page
McGraw
Hill's offer for Crisil shares to open in April
Mumbai: The McGraw Hill Companies' open offer to
Credit Rating Information Services of India Ltd's (Crisil)
shareholders will open on April 6, according to a public
announcement filed by the company with the Securities
and Exchange Board of India .
The last date for despatch of offer letters to shareholders
has been set as March 31 and the last date for revision
of the offer price or offer size if any, would be April
11. The McGraw Hill Companies Inc has filed the document
with SEBI through Kotak Mahindra Capital Company, the
managers to the offer.
This offer price, at Rs680 per share, is greater than
the highest of the average of the weekly high and low
of closing prices of the shares of Crisil on the BSE for
the last 26 weeks. The average price is Rs497.62 per share.
The price is also higher than the average of the daily
high and low prices of Crisil's shares on the BSE for
the last two weeks, which was Rs576.08.
The Rs240.34 crore required for the offer would be funded
by The Mcgraw Hill Companies through internally generated
funds. The company has deposited $30 million in an escrow
account of State Bank of India, New York, by way of security
for performance of their obligations. The offer closes
on April 25.
Back
to News Review index page
SBI
MF launches Magnum Midcap fund
Mumbai: The SBI Mutual Fund's initial public offering
of the Magnum MidCap fund will open from February 21 to
March 17. The open-ended scheme's investment objective
is to provide opportunities for long-term growth in capital
as well as to provide liquidity and diversification benefits,
according to the offer document of the fund.
The scheme would invest predominantly in mid-cap stocks
within the market capitalisation range of Rs200 crore
to Rs2,000 crore, it said. The minimum investment is Rs5,000
and in multiples of Rs1,000.
The scheme provides two options for investment - Dividend
and Growth and does not charge entry and exit loads during
the IPO.
The scheme reopens for continuous sale and repurchase
at NAV-related prices from April 15.
Back
to News Review index page
OBC
appoints merchant bankers for public offer
New Delhi: The Oriental Bank of Commerce has appointed five merchant
bankers, namely DSP Merril Lynch, Kotak Securities, Citigroup, I-Sec and Bajaj
Capital, to manage its second public offer to raise about Rs2,000 crore by
March-end.
The
bank has already received approval from the Finance Ministry
last Friday for its public issue. The issue will bring
down government equity in the bank to 51 per cent from
66 per cent. The public offer of 5.8 crore equity shares
will be through book-building process.
Back
to News Review index page
Welspun
to raise $38 mn through preferential shares
New Delhi: Welspun has informed the Bombay Stock Exchange that its
Board of Directors has approved a proposal regarding the issue of preferential
shares by way of raising $38 million (Rs166.48 crore) to Mauritius-based Dunearn
Investments and its promoters.
As per the allotments, Dunearn Investments, a subsidiary of Singapore-based
Temasek Holdings, would be offered 9,079,463 equity shares at Rs130.25 per
share aggregating Rs118.3 crore.
Dunearn
Investments would also be offered 1,681,382 convertible
warrants at Rs130.25 per share aggregating Rs21.9 crore.
Back
to News Review index page
|
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