|
Markets: Institutional
buying props indices at an all time high
Mumbai:
On the back of a broad rally the stock market indices touched all time highs
with the benchmark Sensex gaining 97 points or 1.4 per cent, closing at an
all-time high at 6,784. In the broader markets, the 50-share NSE Nifty was
up 35 points or 1.7 per cent to end at 2,128. The midcaps moved up with the
CNX Midcap 200 index gaining 41 points or 1.4 per cent at 2,847. The Bankex
BSE gained 1.1 per cent to 4,002.
The
rally is being attributed to strong institutional buying by both domestic
and foreign players.
Index heavyweights led the charge on the Sensex with oil exploration giant
ONGC up Rs31.7 or 3.7 per cent to close at Rs888. Reliance Industries moved
up by Rs10 or 1.8 per cent to close at Rs559. FMCG giant Hindustan Lever gained
Rs4.7 or 3.2 per cent to close at Rs151. Auto stocks too revved up with Bajaj
Auto up almost Rs39 or 3.7 per cent to close at Rs1,083. Hero Honda was up
Rs9.7 or 1.7 per cent at Rs560. Tata Motors was up Rs12 or 2.6 per cent at
almost Rs475. Maruti was up Rs9 or 2 per cent at Rs471.50. SBI
was up 1.4 per cent to close at Rs716. ICICI Bank, which touched a new 52-week
high, was up Rs7 or 1.8 per cent to Rs396.55. Steel stocks too were in the
limelight with Ispat, Essar Steel, Jindal Steel, Sail and Tata Steel all going
up. Cement pivotals moved up as well. International
Markets
Gain (+) / Loss (-)
|
|
Current
|
Change
| | NASDAQ | 2,058.40
| -9.10
| | FTSE
| 5,014.80
| +22.00
| | Dow
| 10,833.03
| +21.06
| | Nikkei
| 11,837.37
| -19.09 |
| CAC
| 4,061.35
| -1.37
| | HangSeng
| 13,854.30
| -38.07
| | DAX | 4,373.27
| -20.16
|
Last
Update : 4 March, 2005, 9:15:16 AM
National
Markets
|
SENSEX
| 6,784.72
| +97.83
| | NIFTY
| 2,128.85 |
+35.60 | Last
Update : 3 March, 2005, 16:15 PM
Market
Counters
Figures in Rupees
BSE
30
| Scrip
Name | Open | High | Low | Last
Price | | CIPLA
LTD. | 257.60
| 270.10
| 257.55
| 268.40 |
| ONG
CORP LTD | 860.00
| 892.70
| 860.00
| 889.50 |
| WIPRO
LTD. | 672.00
| 702.00
| 672.00
| 697.45 |
| BAJAJ
AUTO | 1,029.00
| 1,088.00
| 1,029.00
| 1,083.95 |
| TATA
MOTORS | 464.55
| 480.20
| 464.00
| 479.00 |
| HINDUSTAN
LEVER LTD. | 146.55
| 151.80
| 146.05
| 150.40 |
| HEROHONDA
M | 545.25
| 568.00
| 545.25
| 563.60 |
| MARUTI
UDYOG | 462.00
| 474.50
| 462.00
| 473.60 |
| ICICI
BANK L | 389.00
| 399.90
| 387.00
| 396.70 |
| RELIANCE*
| 550.00
| 561.85
| 550.00
| 558.45 |
| RANBAXY
LABORATORIES LTD. | 1,004.00
| 1,023.00 |
1,000.00 | 1,017.95 |
| INFOSYS
TECHNOLOGIES LTD.-ORDI | 2,195.00
| 2,230.00
| 2,180.00
| 2,218.05 |
| STATE
BANK OF INDIA | 707.00
| 719.95
| 705.55
| 717.40 |
| TATA
POWER | 399.00
| 404.80
| 398.10
| 402.95 |
| GRASIM
INDUSTRIES LTD. | 1,343.00
| 1,364.80
| 1,343.00
| 1,361.30 |
| RELIANCE
ENR* | 551.20
| 559.80
| 551.20
| 556.85 |
| HINDUSTAN
PETROLEUM CORP. LTD. | 338.00
| 347.00
| 336.05
| 343.35 |
| ASSOCIATED
CEMENT COMPANIES LT | 367.50
| 372.50
| 367.50
| 371.65 |
| HINDALCO
IN | 1,365.00
| 1,378.95
| 1,360.00
| 1,374.75 |
| GUJARAT
AMBUJA CEMENTS LTD. | 443.70
| 447.75
| 443.00
| 446.45 |
| HDFC | | | | 775.00 |
| HDFC
Bank | | | | 578.00 |
| Zee
Telefilms | | | | 133.65 |
| Dr.
Reddys Laboratories | | | | 722.00 |
| BHEL | | | | 234.90 |
| TISCO | | | | 430.50 |
| Satyam
Computer Services | | | | 397.95 |
| ITC | | | | 1,342.25 |
| LARSEN
& TOUBRO LTD. | 1,119.40
| 1,135.00
| 1,091.25
| 1,100.30 |
| BHARTI
TELE | 236.00
| 237.10
| 231.55
| 235.10 |
Last Update
: 3 March, 2005, 16:05PM
S&P
CNX Nifty
| Symbol |
Open |
High |
Low |
Last
Price |
| ONGC
|
860.00
|
892.35
|
860.00
|
889.80 |
| RELIANCE
|
550.20
|
562.50
|
550.20
|
558.60 |
| SBIN
|
707.75
|
719.85
|
706.00
|
717.10 |
| INFOSYSTCH
|
2181.00
|
2227.00
|
2181.00
|
2214.45 |
| SATYAMCOMP
|
399.00
|
402.00
|
394.50
|
400.50 |
| TISCO
|
428.00
|
432.70
|
428.00
|
430.60 |
| SAIL
|
66.00
|
67.30
|
65.75
|
66.60 |
| PNB
|
438.00
|
443.70
|
428.60
|
436.60 |
| TATAMOTORS
|
463.00
|
480.00
|
463.00
|
479.10 |
| MARUTI
|
463.00
|
475.20
|
463.00
|
473.85 |
| BHARTI
|
237.90
|
237.90
|
230.00
|
235.15 |
| ICICIBANK
|
389.55
|
399.90
|
389.05
|
397.00 |
| TCS
|
1370.00
|
1395.00
|
1364.00
|
1389.55 |
| WIPRO
|
671.00
|
702.00
|
671.00
|
696.55 |
| GAIL
|
243.00
|
245.40
|
240.00
|
244.35 |
| ZEETELE
|
135.00
|
140.50
|
132.15
|
136.20 |
| HINDLEVER
|
147.00
|
151.70
|
146.00
|
150.30 |
| M&M
|
539.00
|
555.65
|
535.00
|
553.85 |
| HINDPETRO
|
340.00
|
348.00
|
336.00
|
343.85 |
| RANBAXY
|
1009.80
|
1024.00
|
998.00
|
1018.75 |
| ITC
|
1338.00
|
1352.50
|
1335.20
|
1346.90 |
| LT
|
1120.00
|
1135.90
|
1097.10
|
1101.65 |
| ACC |
369.00 |
372.50
|
368.00
|
371.95 |
| BPCL
|
405.00
|
411.00
|
400.25
|
409.75 |
| CIPLA
|
259.80
|
269.95
|
258.50
|
268.25 |
| IPCL
|
184.00
|
184.40
|
182.05
|
183.35 |
| MTNL
|
132.95
|
136.20
|
132.55
|
135.65 |
| HEROHONDA
|
550.00
|
567.00
|
541.35
|
563.05 |
| TATAPOWER
|
398.45
|
405.00
|
398.00
|
403.60 |
| ORIENTBANK
|
327.00
|
330.55
|
325.00
|
327.00 |
| BAJAJAUTO
|
1045.20
|
1092.35
|
1041.50
|
1089.45 |
| GUJAMBCEM
|
442.00
|
449.95
|
442.00
|
448.05 |
| HINDALC0
|
1365.00
|
1380.00
|
1363.00
|
1375.80 |
| GRASIM
|
1348.65
|
1365.00
|
1348.65
|
1360.15 |
| HDFCBANK
|
579.90
|
580.00
|
574.30
|
576.10 |
| BHEL
|
854.95
|
860.60
|
850.00
|
852.60 |
| HDFC
|
760.20
|
778.00
|
760.20
|
773.55 |
| TATATEA
|
558.10
|
561.90
|
556.05
|
557.50 |
| NATIONALUM
|
172.50
|
174.65
|
172.00
|
173.50 |
| TATACHEM
|
164.00
|
167.00
|
160.90
|
166.45 |
| SCI
|
160.40
|
163.30
|
159.65
|
162.80 |
| HCLTECH
|
333.00
|
338.50
|
330.60
|
337.35 |
| REL
|
551.20
|
559.95
|
551.00
|
557.55 |
| DABUR
|
116.50
|
120.75
|
115.50
|
120.00 |
| SUNPHARMA
|
488.90
|
488.90
|
480.00
|
484.45 |
| DRREDDY
|
722.00
|
729.00
|
718.20
|
721.90 |
| ABB
|
1284.00
|
1300.00
|
1277.10
|
1289.95 |
| GLAXO
|
746.00
|
758.00
|
741.05
|
748.00 |
| VSNL
|
219.90
|
221.80
|
217.25
|
219.80 |
| COLGATE
|
188.75
|
192.50
|
187.60
|
191.65 |
Last
Update : 3 March, 2005, 16:00PM
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to News Review index page
25
per cent dividend for Canbank's Tax Saver scheme
Mangalore: The Canbank Mutual Fund has declared a dividend of 25 per
cent for its Canequity Tax Saver scheme.
A press release by Canbank Mutual Fund said that the income distribution is
tax free in the hands of the investors. It added that March 18 has been fixed
as the record date for income distribution. The NAV of the scheme is Rs16.84
as on March 1.
After the payout of income distribution, the NAV will fall to the extent of
the payout, the release added.
Back
to News Review index page PNB
announces price band for public offer
New Delhi: The Punjab National Bank has announced a price band of Rs350-390
per share for its second public offer. The issue is slated to open on March
7.
At the lower end of the price band, the bank is expected to raise Rs2,800
crore, bank officials said in a statement. At the upper end, the bank is set
to collect Rs3,120 crore.
After the issue of eight crore shares with this public offer, Government's
holding in the bank would come down to 57 per cent from its current 80 per
cent. The
issue would improve the bank's capital base allowing it to meet the Basel
II norms and increased business requirements. The minimum application will
be for 15 shares and its multiples thereof. Of
the shares on offer, PNB has reserved 10 per cent or 80 lakh shares for the
existing small shareholders and an equivalent proportion for employees. The
remaining 6.4 crore shares would be offered to public. A
minimum 35 per cent of the net offering has been reserved for retail individual
investors who can bid for equity shares up to Rs1 lakh in value. 50 per cent
of the net offering will be reserved for qualified institutional buyers whereas
minimum 15 per cent has been reserved for non-institutional bidder.
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