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Markets: With a 144 gun salute closes at highest ever
Mumbai: With the budget speech closing without any controversial announcements the bourses, which had remained range bound for the duration of the speech took off on an upward trajectory closing at an all time high of 6,713.86, gaining 144.14 points in the process. Nifty posted gains of 42.35 points closing at 2,103.25.

Tata Steel, SBI, HDFC, Ceat, Dhampur Sugar, Praj Industries, Unitech, Jaiprakash Associates, Wipro and ABB were the top movers, while bank stocks had a field day, with the Bankex, BSE's banking stocks index, closing at 3,916.46 with a net gain of 3.94 per cent.

International Markets
Gain (+) / Loss (-)

Current
Change
NASDAQ2,051.72 -13.68
FTSE 4,968.50 -38.30
Dow 10,766.23 -75.37
Nikkei 11,719.77 -20.83
CAC 4,027.16 -7.4
HangSeng 14,042.85 -152.50
DAX4,350.49 +1.85
Last Update : 1 March, 2005, 10:15:16 AM

National Markets
SENSEX
6,713.86 +144.14
NIFTY 2,103.25 +42.35
Last Update : 28 February, 2005, 16:15 PM

Market Counters
Figures in Rupees

BSE 30
Scrip NameOpenHighLowLast Price
HEROHONDA M 522.10 547.00 519.10 544.25
STATE BANK OF INDIA 686.25 719.50 674.00 714.40
ICICI BANK L 373.90 382.00 365.50 380.75
WIPRO LTD. 680.00 702.00 666.00 699.15
GUJARAT AMBUJA CEMENTS LTD. 435.50 451.10 434.25 449.35
HDFC BANK LT 572.00 599.00 571.00 586.90
TATA IRON AND STEEL CO. LTD. 411.80 425.65 405.00 422.40
RELIANCE* 540.00 559.90 535.10 556.05
HOUSING DEVELOPMENT FINANCE CO 755.00 780.00 755.00 777.50
SATYAM COMP 403.00 412.90 395.00 411.35
INFOSYS TECHNOLOGIES LTD.-ORDI 2,200.00 2,247.00 2,155.30 2,237.15
HINDUSTAN LEVER LTD. 141.00 145.60 139.20 144.00
RELIANCE ENR* 567.00 567.00 546.45 564.55
BHARTI TELE 218.50 226.00 218.50 225.10
HINDUSTAN PETROLEUM CORP. LTD. 347.00 373.00 345.00 351.25
GRASIM INDUSTRIES LTD. 1,327.00 1,350.00 1,320.00 1,345.60
TATA POWER 403.00 410.50 396.50 407.90
ASSOCIATED CEMENT COMPANIES LT 363.00 368.20 359.25 367.00
BAJAJ AUTO 990.00 1,037.00 990.00 1,033.30
DR.REDDY'S LABORATORIES LTD. 712.05 723.95 712.05 719.65
ZEE TELEF LT 144.00 145.00 141.00 141.85
BHEL 859.00 866.00 848.00 858.40
MARUTI UDYOG 474.00 483.00 455.05 473.15
HINDALCO IN 1,382.00 1,418.00 1,375.20 1,394.55
Cipla260.20
ITC1,294.55
Larsen & Toubro Limited1,085.75
ONGC851.75
Ranbaxy Labs1,019.80
Tata Motors475.15
Last Update : 28 February, 2005, 16:05PM

S&P CNX Nifty
Symbol Open High Low Last Price
SBIN 694.85 719.20 670.05 714.65
RELIANCE 540.20 560.00 535.85 556.25
TISCO 411.00 425.90 405.00 422.25
INFOSYSTCH 2209.00 2247.95 2153.05 2240.10
SAIL 63.40 66.80 62.50 65.50
ONGC 845.00 855.95 827.25 852.70
MARUTI 477.70 483.00 458.60 473.10
HINDPETRO 346.00 372.50 345.10 351.35
SATYAMCOMP 401.55 412.90 394.50 411.65
TATAMOTORS 476.00 479.00 460.35 475.95
TCS 1379.00 1385.00 1340.00 1380.90
PNB 442.00 463.35 437.00 457.50
ITC 1288.00 1304.85 1240.00 1294.10
BHARTI 221.00 226.00 211.25 225.20
BPCL 413.00 451.00 413.00 428.20
LT 1080.00 1124.00 1078.10 1088.25
ACC 362.60 368.45 360.00 367.50
GAIL 243.40 243.40 235.00 241.35
WIPRO 684.00 703.00 668.00 699.50
GUJAMBCEM 436.00 450.00 434.60 449.25
HDFCBANK 576.85 599.85 571.25 587.30
M&M 533.70 542.40 525.00 537.20
RANBAXY 990.50 1026.00 990.50 1022.25
HDFC 760.10 784.70 758.00 778.75
TATATEA 534.00 549.90 532.00 545.50
TATAPOWER 405.00 410.80 396.80 408.00
HINDLEVER 142.00 146.00 139.80 144.05
IPCL 174.45 180.80 173.10 179.55
ICICIBANK 374.00 383.35 365.25 380.90
HINDALC0 1424.70 1424.70 1375.00 1393.15
BHEL 865.00 865.00 843.15 858.15
ZEETELE 145.50 145.50 141.00 142.30
BAJAJAUTO 1015.05 1039.35 1010.00 1033.40
ORIENTBANK 307.00 315.90 305.00 314.25
REL 556.40 567.50 547.30 564.55
MTNL 120.10 135.60 120.10 134.50
GRASIM 1329.00 1352.00 1321.00 1346.90
CIPLA 260.00 263.00 258.25 260.60
NATIONALUM 175.40 177.95 169.20 177.15
HCLTECH 332.00 340.00 324.00 338.65
SCI 163.00 163.50 158.00 162.55
DRREDDY 711.05 722.50 711.05 720.30
ABB 1235.00 1298.95 1230.00 1286.55
TATACHEM 151.00 161.90 151.00 156.65
VSNL 223.00 223.50 215.05 219.65
SUNPHARMA 484.65 485.25 466.60 476.40
DABUR 117.60 117.60 113.20 115.70
GLAXO 741.00 744.60 724.00 736.75
COLGATE 186.00 189.00 181.05 186.15
Last Update : 28 February, 2005, 16:00PM
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Budget 2005-06: FIIs can submit collaterals for derivatives
Kolkata: The Finance Minister has corrected an anomaly in the derivatives margin payment norms for FIIs. The FM said that "FIIs are to be permitted to submit appropriate collateral, in cash or otherwise" when trading in domestic derivatives.

Market players said that this will bring about flexibility and encourage FIIs to take greater exposure through the derivatives contracts. Local players already had the flexibility of submitting collaterals, such as bank guarantee or shares or deposit receipt, in place of cash or along with cash, for meeting their margin obligations. The proposal will now ensure equal treatment for FIIs and domestic players in derivatives trading.

SEBI will now make a suitable announcement shortly to this effect.
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domain-B : Indian business : News Review : 01 March 2005 : markets