|
Markets:
Lull before the storm
Mumbai: Markets experienced volatility on the back
of the expiry of February series future contracts, with
the 30-share Sensex down 8 points to close at 6,574. In
the broader markets, the 50-share NSE Nifty was down almost
2 points at 2,055. The midcap stocks experienced volatility.
While cement stocks ended lower, auto stocks ended in
the red. Pharma stocks slipped as well.
Analysts
are veering round to the view that the budget is unlikely
to spring any major negative surprises, which should leave
the markets where they are or move them on an upward track.
International
Markets
Gain (+) / Loss (-)
|
|
Current
|
Change
| | NASDAQ | 2,051.70
| +20.45
| | FTSE
| 4,972.10
| -16.40
| | Dow
| 10,748.79
| +75.00
| | Nikkei
| 11,662.85
| +131.70
| | CAC
| 3,977.67
| +0.48
| | HangSeng
| 14,165.80
| +104.89
| | DAX | 4,304.29
| -6.37
|
Last
Update : 25 February, 2005, 10:15:16 AM
National
Markets
|
SENSEX
|
6,574.21
|
-8.29
|
| NIFTY
|
2,055.30
|
-1.80
|
Last
Update : 24 February, 2005, 16:15 PM
Market
Counters
Figures in Rupees
BSE
30
| Scrip
Name |
Open |
High |
Low |
Last
Price |
| HDFC
BANK LT |
563.00
|
578.50
|
559.05
|
576.10 |
| BHEL |
846.95 |
867.00
|
837.00
|
860.10 |
| STATE
BANK OF INDIA |
679.10 |
694.00
|
679.10
|
691.00 |
| HINDUSTAN
PETROLEUM CORP. LTD. |
345.00
|
351.95
|
343.50
|
347.50 |
| I
T C LTD |
1,289.95
|
1,301.00
|
1,275.10
|
1,296.80 |
| INFOSYS
TECHNOLOGIES LTD.-ORDI |
2,150.00
|
2,175.00
|
2,141.50
|
2,162.35 |
| RELIANCE
ENR* |
556.00
|
566.50
|
554.00
|
562.85 |
| SATYAM
COMP |
394.00
|
399.50
|
394.00
|
397.35 |
| ONG
CORP LTD |
816.80
|
823.00
|
814.25
|
817.00 |
| MARUTI
UDYOG |
474.40
|
476.00
|
468.05
|
471.85 |
| HEROHONDA
M |
536.50
|
542.00
|
533.10
|
536.55 |
| ZEE
TELEF LT |
153.85
|
154.55
|
146.80
|
147.45 |
| LARSEN
& TOUBRO LTD. |
1,091.00
|
1,094.85
|
1,052.00
|
1,058.30 |
| BAJAJ
AUTO |
1,031.00
|
1,044.00
|
1,008.00
|
1,014.20 |
| CIPLA
LTD. |
266.90
|
268.90
|
257.75
|
259.05 |
| GUJARAT
AMBUJA CEMENTS LTD. |
438.05
|
439.50
|
427.00
|
428.45 |
| GRASIM
INDUSTRIES LTD. |
1,352.00
|
1,362.00
|
1,320.00
|
1,326.85 |
| TATA
MOTORS |
477.00
|
481.30
|
470.70
|
471.75 |
| DR.REDDY'S
LABORATORIES LTD. |
730.00
|
732.00
|
715.05
|
718.95 |
| ICICI
BANK L |
394.10
|
394.10
|
368.00
|
369.70 |
| RANBAXY
LABORATORIES LTD. |
1,013.00
|
1,021.70
|
996.00
|
1,001.50 |
| ASSOCIATED
CEMENT COMPANIES LT |
365.00
|
365.90
|
358.55
|
359.70 |
| HINDUSTAN
LEVER LTD. |
141.05
|
145.90
|
141.05
|
142.85 |
| BHARTI
TELE |
215.10
|
215.75
|
210.85
|
213.50 |
| HOUSING
DEVELOPMENT FINANCE CO |
771.10
|
779.90
|
770.10
|
771.50 |
| TATA
POWER |
405.55
|
409.80
|
401.55
|
402.85 |
| WIPRO
LTD. |
680.00
|
683.80
|
675.25
|
677.90 |
| RELIANCE*
|
550.00
|
553.80
|
545.50
|
546.65 |
| TATA
IRON AND STEEL CO. LTD. |
415.00
|
417.10
|
411.20
|
412.55 |
| HINDALCO
IN |
1,380.00
|
1,387.00
|
1,371.05
|
1,374.00 |
Last
Update : 24 February, 2005, 16:05PM
S&P
CNX Nifty
| Symbol | Open | High | Low | Last
Price | | SBIN
| 680.00
| 693.75
| 678.00
| 690.95 |
| RELIANCE
| 550.30
| 553.50
| 545.60
| 547.00 |
| TISCO |
415.50 | 417.40
| 411.05
| 412.00 |
| INFOSYSTCH
| 2145.00
| 2175.00
| 2140.00
| 2164.30 |
| ONGC
| 815.00
| 822.80
| 813.35
| 816.10 |
| TATAMOTORS
| 479.00
| 481.80
| 470.05
| 471.80 |
| RANBAXY
| 1010.05
| 1021.85
| 995.00
| 1000.60 |
| PNB
| 427.00
| 439.90
| 427.00
| 435.45 |
| BHARTI
| 216.90
| 216.90
| 210.55
| 213.50 |
| ICICIBANK
| 374.00
| 377.55
| 366.20
| 369.40 |
| SUNPHARMA
| 475.00
| 496.65
| 475.00
| 484.60 |
| MARUTI
| 471.00
| 476.00
| 468.00
| 472.95 |
| MTNL
| 137.65
| 137.90
| 132.00
| 132.55 |
| ACC
| 364.00
| 366.40
| 358.30
| 359.70 |
| BPCL |
421.80 | 423.95
| 413.00
| 415.25 |
| SAIL
| 63.30
| 64.25
| 63.25
| 63.50 |
| GAIL
| 239.75
| 240.50
| 233.00
| 234.10 |
| HINDLEVER
| 144.00
| 145.25
| 142.10
| 142.75 |
| ITC
| 1290.00
| 1302.95
| 1277.00
| 1294.50 |
| M&M
| 541.00
| 546.85
| 533.60
| 535.55 |
| GUJAMBCEM
| 438.10
| 439.65
| 426.15
| 428.20 |
| HINDALC0
| 1378.00
| 1386.00
| 1360.35
| 1374.75 |
| ZEETELE
| 152.20
| 154.60
| 147.00
| 147.75 |
| TATAPOWER
| 407.00
| 409.80
| 401.80
| 402.95 |
| BHEL
| 850.00
| 867.25
| 832.00
| 862.05 |
| IPCL
| 177.70
| 179.10
| 174.15
| 175.00 |
| LT
| 1094.70
| 1094.80
| 1054.00
| 1059.75 |
| HINDPETRO
| 343.00
| 352.00
| 343.00
| 347.15 |
| WIPRO
| 683.00
| 685.00
| 675.00
| 677.40 |
| CIPLA
| 267.00
| 268.75
| 257.10
| 258.20 |
| NATIONALUM
| 178.00
| 178.00
| 172.60
| 173.25 |
| BAJAJAUTO
| 1046.35
| 1046.35
| 1002.25
| 1013.05 |
| ORIENTBANK
| 309.20
| 313.50
| 303.00
| 305.25 |
| HDFC
| 775.00
| 779.75
| 768.00
| 770.85 |
| HDFCBANK
| 563.75
| 578.25
| 559.05
| 576.00 |
| SCI
| 162.00
| 164.05
| 160.00
| 160.70 |
| HCLTECH
| 333.10
| 335.45
| 323.75
| 326.15 |
| HEROHONDA
| 538.70
| 542.40
| 533.05
| 537.10 |
| GRASIM
| 1343.00
| 1363.00
| 1320.25
| 1332.60 |
| TATATEA
| 539.00
| 543.85
| 534.10
| 535.65 |
| REL
| 551.00
| 566.00
| 551.00
| 563.00 |
| DABUR
| 109.00
| 113.80
| 109.00
| 112.40 |
| DRREDDY
| 728.00
| 732.00
| 718.00
| 719.80 |
| GLAXO
| 747.00
| 765.00
| 746.00
| 757.40 |
| VSNL |
224.00 | 226.85
| 222.00
| 223.20 |
| ABB
| 1230.00
| 1257.50
| 1230.00
| 1249.75 |
| TATACHEM
| 161.00
| 162.20
| 158.30
| 159.20 |
| INDHOTEL
| 600.00
| 605.95
| 590.00
| 594.70 |
| COLGATE
| 187.50
| 191.70
| 186.00
| 186.80 |
Last Update
: 24 February, 2005, 16:00PM
Back to News Review index page
SEBI:
SEs must streamline risk management system
Mumbai: SEBI has asked stock exchanges to implement a new framework
by May 18 towards aligning and streamlining risk management framework across
the cash and derivatives markets.
Exchanges have also been asked to test the necessary software and remove any
glitches in its operation well before May 18 to avoid any problems in the
live environment.
"While the comprehensive risk management framework is expected to contain
risk in the system, the efficacy of the same will be dependent on monitoring,
surveillance and timely collection of margins by the stock exchanges. SEs
are advised to strengthen their monitoring and surveillance systems and take
such timely actions as and when necessary," said the SEBI circular.
With regard to the liquid assets deposited by members with the exchanges and
the clearing corporation, the assets should cover mark to market losses, VaR
margins, extreme loss margins and base minimum capital. The SEs should lay
down exposure limits either in rupee terms or as percentage of the trade guarantee
fund or settlement guarantee fund that can be exposed to a single bank directly
or indirectly, according to the new circular. The total exposure would include
guarantees provided by the bank for itself or for others as well as debt or
equity securities of the bank which have been deposited by members towards
total liquid assets.
Mark to market losses should now be paid by the member in the form of cash
or cash equivalents. Trading frequency and impact cost should be calculated
on the 15th of every month on a rolling basis considering the previous six
months, the circular said.
Newly listed securities will be categorised in that group where the market
capitalisation of the newly listed stock exceeds or equals the market capitalisation
of 80 per cent of the stocks in that particular group. Subsequently, after
one month, whenever the next monthly review is carried out, the actual trading
frequency and impact cost of the security will be computed, to determine the
liquidity categorisation of the security, the circular said.
Back
to News Review index page SEBI
extends UIN deadline
Mumbai: The Securities and Exchange Board of India has extended the
deadline for individual investors' requirement of the Unique Identification
Number (UIN) to December 31, 2005. According to the earlier SEBI notification,
all individual investors need to quote their UIN number for transactions above
Rs 1 lakh.
"SEBI has received representations and feedback from the above "specified
investors" on the difficulties faced by them in adhering to the time
line of March 31, 2005. In order to alleviate their difficulties, it has been
decided to give some more time to them to obtain the Unique Identification
Number (UIN)," said a SEBI circular.
SEBI has also constituted a committee to look into the coverage of the Market
Participants and Investor Database (MAPIN), the circular said. There have
been several operational issues for obtaining MAPIN, especially for individual
investors. The service providers have been inundated with requests for appointments
and investors have found it difficult to get a slot for fingerprinting before
the expiry of the deadline. Service providers have also been concentrated
to large cities and investors residing in smaller towns have not been easily
serviced.
SEBI's decision to reconsider the applicability of MAPIN has also followed
several complaints from investors about the expenses and operational difficulties
involved in acquiring the UIN.
Back
to News Review index page
Emami
files prospectus for public issue
Mumbai: Emami Ltd has filed its prospectus with the Registrar of Companies,
West Bengal, ahead of its forthcoming public issue."The company has opted
for the 100 per cent book-building method for efficient price discovery. The
price band has been fixed at Rs60 to Rs70 per a share of face value of Rs2,"
an official statement said.
According to it, the issue would constitute 50 lakh shares, which works out
to 8.18 per cent of the fully diluted post-issue paid-up capital of the company.
Emami will list the shares on the BSE and the Kolkata Stock Exchange. The
post-issue paid-up capital of Emami will be Rs 12.23 crore. The public offer
proceeds would be used for general corporate purposes including strategic
initiatives and acquisitions.
Up to 10 per cent of the issue is reserved for employees while up to 50 per
cent of the net issue is reserved for qualified institutional buyers on a
discretionary basis. Not less than 25 per cent of the net issue shall be available
for allocation on a proportional basis to non-institutional bidders or HNIs,
while not less than 25 per cent of the net issue shall be available on a proportionate
basis to retail bidders.
Anand Rathi Securities Pvt Ltd and ICICI Securities Ltd are the book running
lead managers, the statement said.
Back
to News Review index page Jet
Airways IPO over subscribed fourteen times
Mumbai: The initial public offering of Jet Airways, which closed on
Thursday, has been subscribed over 14 times.
According to sources close to merchant bankers, the retail portion has been
subscribed three times, and the QIBs category 21 times. The number of applications
received from the retail segment was 4.5 lakh. The sources said that counting
of applications was still on and these figures were based on data received
at 8 p.m.
The total number of bids received were 25.34 crore, according to data published
on the NSE Web site.
Even as the initial market buzz was that the issue was priced on the higher
side, 98 per cent of the bids received were at the upper end of the price
band at Rs1,125. The total commitment amounts to $6.5 billion. The issue size
was 1.73 crore shares of Rs10 each in the Rs950 to Rs1,125 price band.
Allotment price is likely to be announced on February 28, while the issue
may be listed on March 14, the sources said.
Back
to News Review index page
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