|
Markets:
Marking time till the budget
Mumbai:
The markets went sluggish with the Sensex trading in a
narrow range and ending flat. While the BSE 30 share index
Sensex settled at 6,582, down 6.91 points, the Nifty shut
shop at 2,057, down 1.30 points. Banking stocks expectedly
were the pick of investors after the government unveiled
an autonomy package for PSU banks yesterday. Also, M&M
moved in the positive after the company said it would
set up a JV with Renault. Analysts feel that the markets
will be range bound till the F&O settlement gets over.
International Markets
Gain (+) / Loss (-)
|
|
Current
|
Change
|
| NASDAQ |
2,031.25
|
+0.93
|
| FTSE
|
4,988.50
|
-44.35
|
| Dow
|
10,673.79
|
+62.59
|
| Nikkei
|
11,531.15
|
+30.97
|
| CAC
|
3,977.19
|
-25.14
|
| HangSeng
|
13,985.60
|
+27.66
|
| DAX |
4,310.66
|
-12.55
|
Last
Update : 24 February, 2005, 10:15:16 AM
National
Markets
|
SENSEX
|
6,582.50
|
-6.91 |
| NIFTY
|
2,057.10
|
0.00 |
Last
Update : 23 February, 2005, 16:15 PM
Market
Counters
Figures in Rupees
BSE
30
| Scrip
Name |
Open |
High |
Low |
Last
Price |
| LARSEN
& TOUBRO LTD. |
1,068.00
|
1,102.65
|
1,058.00
|
1,089.60 |
| RELIANCE*
|
538.90
|
549.80
|
538.00
|
548.05 |
| ZEE
TELEF LT |
151.50
|
153.00
|
150.95
|
152.45 |
| HINDALCO
IN |
1,360.05
|
1,386.00
|
1,360.00
|
1,376.70 |
| RELIANCE
ENR* |
559.90
|
563.95
|
555.00
|
562.50 |
| ONG
CORP LTD |
815.00
|
820.55
|
811.25
|
814.45 |
| DR.REDDY'S
LABORATORIES LTD. |
725.95
|
729.25
|
722.05
|
726.95 |
| GRASIM
INDUSTRIES LTD. |
1,345.00
|
1,357.00
|
1,341.05
|
1,352.00 |
| TATA
IRON AND STEEL CO. LTD. |
414.00
|
417.35
|
410.20
|
413.45 |
| BHARTI
TELE |
215.50
|
217.90
|
213.00
|
215.00 |
| SATYAM
COMP |
405.00
|
405.00
|
393.10
|
394.80 |
| HINDUSTAN
PETROLEUM CORP. LTD. |
345.40
|
347.00
|
337.10
|
343.20 |
| GUJARAT
AMBUJA CEMENTS LTD. |
441.00
|
445.85
|
436.50
|
438.05 |
| TATA
POWER |
407.90
|
413.50
|
404.00
|
405.15 |
| CIPLA
LTD. |
267.90
|
269.00
|
264.20
|
264.95 |
| TATA
MOTORS |
480.00
|
484.45
|
476.65
|
478.25 |
| INFOSYS
TECHNOLOGIES LTD.-ORDI |
2,161.00
|
2,164.00
|
2,135.00
|
2,141.95 |
| HINDUSTAN
LEVER LTD. |
145.05
|
146.50
|
143.15
|
143.95 |
| BAJAJ
AUTO |
1,055.00
|
1,055.00
|
1,034.15
|
1,042.15 |
| HEROHONDA
M |
539.95
|
543.00
|
535.00
|
536.30 |
| STATE
BANK OF INDIA |
681.25
|
686.00
|
674.10
|
677.10 |
| WIPRO
LTD. |
680.00
|
683.90
|
673.00
|
679.90 |
| BHEL
|
841.50
|
844.50
|
820.00
|
837.40 |
| MARUTI
UDYOG |
473.05
|
476.00
|
468.00
|
471.40 |
| ICICI
BANK L |
376.00
|
376.00
|
367.15
|
373.55 |
| ASSOCIATED
CEMENT COMPANIES LT |
364.00
|
367.35
|
361.00
|
362.80 |
| RANBAXY
LABORATORIES LTD. |
1,014.00
|
1,014.80
|
1,003.15
|
1,011.00 |
| HOUSING
DEVELOPMENT FINANCE CO |
775.00
|
778.95
|
772.50
|
776.90 |
| HDFC
BANK LT |
557.00
|
560.00
|
555.00
|
559.90 |
| I
T C LTD |
1,284.40
|
1,300.00
|
1,277.30
|
1,283.30 |
Last
Update : 23 February, 2005, 16:05PM
S&P
CNX Nifty
| Symbol | Open | High | Low | Last
Price | | RELIANCE
| 539.70
| 550.00
| 539.70
| 548.30 |
| SBIN
| 683.00
| 689.00
| 674.20
| 677.00 |
| TISCO
| 413.50
| 417.85
| 409.90
| 414.00 |
| ONGC
| 812.80
| 820.85
| 811.00
| 814.35 |
| INFOSYSTCH
| 2152.70
| 2155.00
| 2135.00
| 2140.60 |
| SATYAMCOMP
| 404.00
| 404.00
| 393.25
| 394.70 |
| MARUTI
| 475.00
| 476.00
| 468.10
| 471.30 |
| SAIL
| 63.50
| 64.45
| 63.05
| 63.55 |
| LT
| 1070.00
| 1103.95
| 1056.00
| 1090.30 |
| TATAMOTORS
| 482.00
| 484.75
| 476.50
| 478.30 |
| TATAPOWER
| 409.00
| 413.75
| 403.60
| 405.20 |
| BHARTI
| 215.85
| 218.00
| 213.00
| 214.90 |
| HINDALC0
| 1363.00
| 1386.00
| 1363.00
| 1376.45 |
| M&M
| 546.00
| 549.80
| 539.05
| 541.10 |
| ITC
| 1285.00
| 1300.00
| 1275.10
| 1285.20 |
| HINDPETRO
| 345.05
| 345.05
| 336.25
| 342.10 |
| ICICIBANK
| 376.00
| 376.00
| 367.55
| 373.75 |
| RANBAXY
| 1014.00
| 1014.80
| 1001.20
| 1011.45 |
| BPCL
| 419.80
| 424.00
| 415.05
| 419.65 |
| ACC
| 363.00
| 367.40
| 361.05
| 362.90 |
| PNB |
431.00 | 432.00
| 423.60
| 425.10 |
| GAIL
| 239.80
| 242.00
| 237.10
| 238.20 |
| WIPRO
| 679.00
| 683.00
| 674.00
| 679.40 |
| HINDLEVER
| 145.45
| 146.70
| 143.30
| 143.90 |
| BHEL
| 842.00
| 844.40
| 829.00
| 837.20 |
| HDFCBANK
| 560.00
| 560.80
| 554.10
| 558.10 |
| ORIENTBANK
| 316.90
| 317.00
| 310.00
| 310.70 |
| HDFC
| 788.90
| 789.80
| 771.50
| 776.65 |
| MTNL
| 135.50
| 136.50
| 134.90
| 135.95 |
| GUJAMBCEM
| 445.00
| 446.00
| 436.60
| 438.10 |
| HCLTECH
| 338.00
| 338.00
| 331.35
| 333.15 |
| ZEETELE
| 150.95
| 153.00
| 150.95
| 152.40 |
| IPCL
| 176.00
| 178.50
| 175.00
| 177.30 |
| NATIONALUM
| 176.00
| 177.80
| 174.10
| 176.05 |
| BAJAJAUTO
| 1054.80
| 1057.00
| 1031.15
| 1040.10 |
| REL
| 559.00
| 563.00
| 551.00
| 558.20 |
| SCI
| 159.90
| 162.80
| 159.15
| 160.90 |
| GRASIM
| 1341.10
| 1358.00
| 1341.10
| 1351.40 |
| TATATEA
| 544.50
| 544.50
| 536.50
| 538.75 |
| VSNL
| 223.00
| 226.50
| 220.00
| 223.25 |
| CIPLA
| 268.00
| 268.45
| 264.30
| 265.05 |
| HEROHONDA
| 543.40
| 543.40
| 535.00
| 536.60 |
| GLAXO
| 735.00
| 747.50
| 720.20
| 745.35 |
| DABUR
| 104.50
| 109.90
| 104.50
| 109.15 |
| DRREDDY
| 723.50
| 729.95
| 715.05
| 728.60 |
| INDHOTEL
| 600.00
| 614.95
| 597.05
| 600.30 |
| SUNPHARMA
| 473.00
| 477.85
| 469.00
| 474.00 |
| TATACHEM
| 162.85
| 162.85
| 158.00
| 160.65 |
| ABB
| 1236.00
| 1256.00
| 1227.00
| 1233.95 |
| COLGATE
| 189.00
| 189.25
| 186.05
| 186.70 |
Last Update
: 23 February, 2005, 16:00PM
Back to News Review index page
Fidelity
set for launch of maiden equity fund in India
Kolkata: Fidelity is all set to launch its maiden fund in India, with
the proposed Fidelity Equity Fund, which will have a diversified portfolio,
aimed at generating long-term appreciation of capital. It will have the BSE-200
as its benchmark index. Fidelity has applied to the Securities and Exchange
Board of India for permission.
Arun Mehra, whose earlier assignments have included stints with Fidelity Investments,
will manage the fund. The Fund has said that it will follow a bottom-up approach
to stock picking.
The Fidelity Equity Fund will diversify across sectors, through 60 to 80 stocks,
with a few individual holdings exceeding four per cent of its net assets.
It will ordinarily invest 95 per cent of its net assets in equities and equity-related
instruments.
However, up to 20 per cent may be allocated to money market instruments if
market conditions warrant such a defensive exposure.
CAMS and J P Morgan Chase Bank have been engaged as registrar and custodian
respectively. The sponsor is Fidelity International Investment Advisors. The
latter, an outfit incorporated in Bermuda, is a subsidiary of Fidelity International
Ltd. J P Morgan Chase, incidentally, will also serve as fund accountant.
Fidelity Equity Fund, which will require a minimum investment of Rs5,000,
will have an entry load of 2.25 per cent of the applicable NAV for allocations
of less than Rs5 crore. No entry load will be charged for higher amounts or
for a SIP (Systematic Investment Plan) with a single installment of Rs 1 lakh
or less.
Back
to News Review index page
Indiabulls
to raise $60 mn through GDRs
Mumbai: Indiabulls Financial Services Ltd will raise up to $60 million
through Global Depository Receipts from the international capital market to
fund its working capital requirements. The GDR will consist of a main green
shoe component of up to $45 million and over allotment option of up to $15
million, the company has informed the National Stock Exchange (NSE). The
additional working capital will be used to conduct business, expand the same
and undertake new initiatives, which are expected to contribute to the growth
of the company. It
expects to sustain its current business growth rate of over 100 per cent and
is projecting a consolidated net profit of Rs52.5 crore for FY 2004-05.
Back
to News Review index page Bank
of Punjab issues fresh shares
Mumbai/New Delhi: The Bank of Punjab has said that it is issuing fresh
equity shares to various investors including The Bank of Nova Scotia, Canada
and Bharti Enterprises Pte Ltd at Rs38 per share.
In a notice to stock exchanges, the bank said that its board has approved
the issue of 2,42,85,176 (around 18.78 per cent stake on increased equity
capital) equity shares to four investors at a price of Rs38 per share aggregating
Rs92 crore.
Out of the 2.42 crore shares, the bank will issue 64.51 lakh equity shares
constituting 4.99 per cent of the total post-issue paid-up share capital to
The Bank of Nova Scotia, Canada.
A similar number of shares will be issued to Bharti Enterprises Pte Ltd and
ICB Financial Group Holdings Ltd, Switzerland at the same price.
In addition, 38.78 lakh equity shares (three per cent) will be issued to Ms
Jyotsna Sharma, proprietor of B.N. Enterprises, and 10.52 lakh shares (0.814
per cent) to Mr V.N. Koura.
The bank has clarified that these are pure investors and not strategic ones.
The bank said that the issue and allotment would be subject to the approval
of shareholders and all regulatory approvals. It has fixed March 23 as for
holding the EGM to seek shareholder approval.
Back
to News Review index page Avon
Organics allots warrants to promoters
Hyderabad: Avon Organics Ltd (AOL), the city-based pharmaceutical company,
has informed the stock exchanges that its allotment committee has allotted
15-lakh warrants, convertible into 15-lakh equity shares, to the promoters.
Of this, Purushotham Agarwal and Ms Madhu Agarwal were allotted 6-lakh convertible
warrants each, while Ms Sarita Agarwal was allotted 3-lakh warrants.
Back
to News Review index page Jet
Airways IPO oversubscribed ten times
Mumbai: The Jet Airways IPO has been oversubscribed ten times as on
Wednesday, according to figures released on the stock exchange Web site.
The number of bids received exceeded 17.5 crore as against the issue size
of 1.72 crore. The issue through book-building closes on Thursday.
Maximum bids received were at Rs1,125, according to merchant banking sources.
The qualified institutional buyer category was oversubscribed by 17 times.
The maximum subscription received was from foreign institutional investors,
the sources said.
Meanwhile, Kotak Securities, the book running mangers, has said the IPO could
also be subscribed over the phone under its recently launched Easy IPOs facility.
Back
to News Review index page Pantaloon
to make open offer for 20 per cent in Galaxy
Mumbai: Pantaloon Retail India has informed Bombay Stock Exchange that
it is making an offer to the shareholders of Galaxy Entertainment Corporation
Ltd to acquire 25.42 lakh fully paid equity shares of Rs10 each, representing
20 per cent of the post issue voting capital priced at Rs51 per share payable
in cash and subject to terms and conditions.
The specified date is March 18, and the offer will open on April 14 and close
on May 4. Edelweiss Capital Ltd is manager to the offer for Pantaloon.
Earlier this month, Pantaloon Retail had announced that it was taking a 15.73
per cent stake in Galaxy Entertainment Ltd.
The purchase will have Pantaloon entering the leisure and entertainment business.
It already owns Pantaloon, Big Bazaar and Food Bazaar and Central. Galaxy
owns and operates Sports Bar, Bowling Company and Rain Restaurant in Mumbai.
Back
to News Review index page
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