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Markets: Waiting
with baited breath
Mumbai: A few sectors emerged as gainers after positive news from the
economic survey reflected on these sectors. The primary trigger from the Economic
Survey 2004-05 was its forecast for a higher than expected growth rate of
6.9 per cent for the year. The Bombay Stock Exchange Sensitive Index (Sensex)
finally closed the day at 6,569 points, down about 4.5 points from the previous
close.
On the other hand, at the National Stock Exchange, the S&P CNX Nifty index
closed the day higher by 5.6 points.
International
Markets
Gain (+) / Loss (-)
|
|
Current
|
Change
| | NASDAQ | 2,065.40
| +13.70
| | FTSE
| 5,006.80
| +34.70
| | Dow
| 10,841.60
| +92.81
| | Nikkei
| 11,658.25
| +127.10
| | CAC
| 4,034.57
| +56.90
| | HangSeng
| 14,157.09
| +96.18
| | DAX | 4,348.64
| +44.35
|
Last
Update : 26 February, 2005, 10:15:16 AM
National
Markets
|
SENSEX
| 6,569.72
| -4.49 |
| NIFTY
| 2,060.90
| +5.60 |
Last
Update : 25 February, 2005, 16:15 PM
Market
Counters
Figures in Rupees
BSE
30
| Scrip
Name | Open | High | Low | Last
Price | | ONG
CORP LTD | 860.00
| 860.00
| 830.00
| 842.35 |
| BHARTI
TELE | 215.00
| 220.60
| 214.30
| 219.85 |
| LARSEN
& TOUBRO LTD. | 1,064.70
| 1,091.00
| 1,051.50
| 1,081.85 |
| RANBAXY
LABORATORIES LTD. | 1,012.00
| 1,029.90
| 1,003.15
| 1,019.80 |
| HINDALCO
IN | 1,380.00
| 1,402.00
| 1,378.00
| 1,394.60 |
| GUJARAT
AMBUJA CEMENTS LTD. | 432.25
| 436.85
| 429.30
| 433.85 |
| SATYAM
COMP | 402.00
| 405.35
| 397.10
| 400.65 |
| INFOSYS
TECHNOLOGIES LTD.-ORDI | 2,175.00
| 2,185.00
| 2,165.25
| 2,179.95 |
| BAJAJ
AUTO | 1,029.90
| 1,029.90
| 1,014.20
| 1,019.80 |
| MARUTI
UDYOG | 472.00
| 479.65
| 471.10
| 474.35 |
| ASSOCIATED
CEMENT COMPANIES LT | 361.50
| 363.25
| 359.15
| 360.80 |
| BHEL
| 864.00
| 868.90
| 848.15
| 861.70 |
| HEROHONDA
M | 537.00
| 538.00
| 517.15
| 520.50 |
| RELIANCE
ENR* | 566.00
| 566.00
| 549.00
| 551.10 |
| ZEE
TELEF LT | 148.90
| 149.90
| 143.15
| 144.40 |
| HOUSING
DEVELOPMENT FINANCE CO | 771.10
| 776.50
| 751.00
| 757.20 |
| HINDUSTAN
LEVER LTD. | 143.00
| 144.00
| 140.00
| 140.50 |
| RELIANCE*
| 550.00
| 550.75
| 538.20
| 539.90 |
| HDFC
BANK LT | 578.70
| 578.70
| 563.50
| 569.30 |
| DR.REDDY'S
LABORATORIES LTD. | 728.00
| 728.00
| 710.00
| 711.35 |
| HINDUSTAN
PETROLEUM CORP. LTD. | 344.00
| 353.00
| 342.00
| 343.85 |
| STATE
BANK OF INDIA |
692.00 | 695.00
| 681.10
| 685.25 |
| I
T C LTD | 1,294.00
| 1,294.00
| 1,283.00
| 1,287.10 |
| TATA
IRON AND STEEL CO. LTD. | 413.55
| 416.45
| 407.90
| 409.80 |
| ICICI
BANK L | 373.90
| 373.90
| 366.25
| 367.25 |
| GRASIM
INDUSTRIES LTD. | 1,336.90
| 1,344.70
| 1,312.00
| 1,318.85 |
| WIPRO
LTD. | 683.80
| 683.90
| 661.00
| 674.45 |
| TATA
POWER | 405.00
| 407.00
| 400.00
| 400.85 |
| TATA
MOTORS | 471.00
| 475.90
| 466.00
| 470.10 |
| CIPLA
LTD. | 261.00
| 263.90
| 257.20
| 258.65 |
Last Update
: 25 February, 2005, 16:05PM
S&P
CNX Nifty
| Symbol | Open | High | Low | Last
Price | | ONGC
| 839.00
| 847.70
| 830.00
| 842.65 |
| SBIN
| 695.00
| 695.50
| 681.00
| 685.10 |
| RELIANCE
| 550.00
| 550.90
| 538.20
| 540.15 |
| TISCO
| 413.00
| 415.45
| 407.50
| 409.95 |
| SATYAMCOMP
| 399.00
| 406.30
| 399.00
| 401.50 |
| INFOSYSTCH
| 2155.35
| 2186.00
| 2155.35
| 2179.45 |
| GAIL
| 245.00
| 259.40
| 237.90
| 242.00 |
| TATAMOTORS
| 470.05
| 476.00
| 466.00
| 470.15 |
| RANBAXY
| 1018.00
| 1031.00
| 1003.15
| 1021.25 |
| BHARTI |
215.00 | 220.75
| 214.60
| 219.55 |
| TCS
| 1376.80
| 1379.00
| 1353.15
| 1364.05 |
| MARUTI
| 476.00
| 479.35
| 471.30
| 474.35 |
| SAIL
| 63.70
| 64.10
| 62.65
| 63.10 |
| WIPRO
| 680.15
| 684.00
| 661.90
| 672.70 |
| PNB
| 435.90
| 445.00
| 420.00
| 437.55 |
| M&M
| 540.00
| 540.00
| 525.00
| 529.15 |
| LT
| 1065.00
| 1091.70
| 1052.00
| 1082.35 |
| ITC
| 1295.00
| 1295.00
| 1281.50
| 1287.90 |
| ACC
| 361.00
| 363.90
| 359.10
| 360.80 |
| BPCL
| 410.00
| 420.25
| 410.00
| 413.40 |
| HDFC |
777.85 | 777.85
| 751.25
| 757.55 |
| HINDPETRO
| 345.00
| 352.90
| 340.00
| 343.90 |
| GUJAMBCEM
| 433.50
| 435.80
| 429.55
| 434.20 |
| TATAPOWER
| 406.95
| 408.00
| 399.95
| 401.25 |
| HINDLEVER
| 143.00
| 144.95
| 140.00
| 140.55 |
| HINDALC0
| 1380.00
| 1400.90
| 1380.00
| 1393.80 |
| ZEETELE
| 149.25
| 149.45
| 143.00
| 144.35 |
| BAJAJAUTO
| 1043.50
| 1043.50
| 1012.15
| 1019.60 |
| BHEL
| 864.00
| 867.00
| 848.55
| 862.75 |
| CIPLA
| 261.00
| 262.50
| 257.60
| 258.70 |
| VSNL |
239.50 | 247.00
| 218.15
| 221.35 |
| HEROHONDA
| 539.80
| 539.80
| 517.00
| 519.40 |
| ICICIBANK
| 374.00
| 378.00
| 367.05
| 367.65 |
| IPCL
| 177.00
| 177.00
| 173.10
| 173.70 |
| GRASIM
| 1345.00
| 1345.00
| 1315.00
| 1318.20 |
| MTNL |
133.00 | 134.75
| 132.65
| 133.10 |
| DABUR
| 112.50
| 117.50
| 112.50
| 116.30 |
| NATIONALUM
| 174.50
| 176.75
| 173.50
| 174.65 |
| HCLTECH
| 331.80
| 335.90
| 327.15
| 330.10 |
| DRREDDY
| 730.00
| 730.00
| 709.00
| 710.65 |
| TATATEA
| 536.55
| 540.50
| 528.60
| 529.80 |
| HDFCBANK
| 575.95
| 575.95
| 562.10
| 570.15 |
| ORIENTBANK
| 307.00
| 308.80
| 304.90
| 306.70 |
| SCI
| 162.50
| 163.80
| 159.55
| 160.70 |
| SUNPHARMA
| 489.85
| 494.80
| 476.25
| 479.20 |
| REL
| 560.50
| 568.00
| 548.15
| 551.55 |
| TATACHEM
| 161.00
| 162.70
| 158.50
| 158.85 |
| GLAXO
| 767.80
| 767.80
| 732.00
| 737.95 |
| ABB
| 1255.00
| 1259.70
| 1220.00
| 1232.00 |
| COLGATE
| 186.40
| 188.00
| 181.40
| 183.35 |
Last Update
: 25 February, 2005, 16:00PM
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Economic
Survey: Securities markets
New Delhi: The Economic Survey has highlighted some of the following
factsl: - The
equity markets have been on a high in the current year with the top 50 stocks
(Nifty) generating returns of 11 per cent in 2004, following returns of 72
per cent in 2003.
- The volume
of capital raised in the market including initial public offerings (IPOs)
rose by about five times to a level of Rs35,859 crore in 2004.
- The mean
IPO size grew from Rs31 crore in 2001 to Rs870 crore in 2004. The Nifty index
experienced sharp growth in market capitalisation from Rs2,85,007 crore in
2001 to Rs9,02,831 crore in 2004.
- Direct
household participation in the securities markets, which had stagnated in
2002, grew strongly in 2003 and 2004 to a level of 6 million accounts at National
Securities Depository Ltd
- The world
ranking of National Stock Exchange and Bombay Stock Exchange improved to three
and five in 2003.
- Net purchases
of equity by foreign institutional investors amounted to an unprecedented
Rs38,965 crore in 2004.
- In 2004,
the turnover on the equity spot and derivatives markets and the spot market
for government bonds was Rs43 lakh crore and Rs11 lakh crore, respectively.
- The volume
of commodity futures in the three commodity exchanges in the country rose
to Rs1.7 lakh crore during April-September 2004, roughly one-third of the
GOI bond market and one-tenth of exchange trading in the equity market.
- The Securities
and Exchange Board of India is developing a database about market participants
and investors, called the MAPIN database, to give a Unique Identification
Number (UIN) to individuals and entities participating in the capital market,
enabling SEBI to rapidly investigate market misbehaviour.
- India
is ranked 12th in an international comparison of turnover ratio on the equity
spot market in the 12-month period from November 2003 to October 2004.
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to News Review index page
Economic
Survey: Curb speculative FII flows
New Delhi: The Economic Survey, released yesterday, says there is
a need for a committee to ensure speculative FII flows are curbed. But this
has to be seen in the context of the fact that in February alone over $1
billion have been pumped in by the FIIs and such a recommendation is bound
to make the markets somewhat jittery.
The Survey admits that much more is expected in the coming months.
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FICCI
slams SEBI move on curbing promoter holdings
New Delhi: SEBI's move to amend the Takeover Code once again in order
to bring down the ceiling on acquisition of shares through market purchases
and preferential allotment from 75 per cent to 55 per cent for promoters
of companies, has irked India Inc.
FICCI has said that this would entail heavy loss to promoters and lower
realisation on sale of shares by non-promoter shareholders. It would also
deny a level-playing field to Indian entrepreneurs, FICCI added. In a note
to the regulator, it said the ceiling and creeping limits of acquisition
had been tinkered with no less than five times in the last eight years.
"This has spelt instability in the corporate sector, as forcing the
promoters to divest voting shares held in excess of 55 per cent is seen
as arbitrary and detrimental to the healthy growth of the stock markets."
FICCI said at a time when FDI is sought to be encouraged and is permitted
up to 100 per cent in a few cases and up to 74 per cent in a number of cases,
the Indian entrepreneur should not be unduly denied a level-playing field
by forcing reduction of promoters' holdings from 75 per cent to 55 per cent.
"There is a general feeling on the part of the corporate sector that
the regulators are interfering too much in the affairs of corporates. The
current 75 per cent limit is quite reasonable and should be continued. However,
if the SEBI wants to reduce the same to 55 per cent, it has to be done on
a case-to-case basis," it said.
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Wipro
develops e-filing platform for NYSE
Bangalore: Senior officials of Wipro Technologies visited the New
York Stock Exchange on Friday to showcase the launch of eGovDirect.com,
an electronic filing platform to assist NYSE-listed companies with the submission
and management of their corporate compliance information.
The Web site was designed and developed in partnership with NYSE by Wipro
Technologies, said a company press release. The password-protected Web site
acts as a secure platform between the listed companies and the NYSE, enabling
them to submit the required governance documentation with the exchange electronically,
while allowing NYSE to proactively notify its issuers when requirements
are due.
One of its many value added features is the ability for listed companies
to compare their own corporate governance structure against similar NYSE
companies using a benchmarking tool.
"The New York Stock Exchange has always been at the forefront of promoting
good governance practices," said Ms Janice O'Neill, NYSE Vice-President,
Corporate Compliance. "This new site provides value-added service to
our listed companies and improves the efficiency and effectiveness of our
listed company compliance programme," she said.
A customised version of eGovDirect.com would be available for non-US NYSE-listed
companies in early 2006.
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