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Market: Indices

International Markets
Gain (+) / Loss (-)

Current
Change
NASDAQ2,075.16 +16.76
FTSE 5,036.30 +21.50
Dow 10,918.09 +85.06
Nikkei 11,873.05 +16.59
CAC 4,084.60 +23.25
HangSeng 13,730.78 -161.59
DAX13,730.78 -161.59
Last Update : 5 March, 2005, 9:15:16 AM

National Markets
SENSEX
6849.48 +64.76
NIFTY 2148.15 +19.30

Last Update : 4 March, 2005, 16:15 PM

Market Counters
Figures in Rupees

BSE 30
Scrip NameOpenHighLowLast Price
ZEE TELEF LT 140.00 146.90 140.00 145.75
WIPRO LTD. 698.00 725.00 698.00 720.70
RELIANCE* 560.00 573.25 560.00 571.90
HINDALCO IN 1,370.00 1,410.00 1,365.00 1,403.05
MARUTI UDYOG 1,370.00 1,410.00 1,365.00 1,403.05
I T C LTD 1,346.00 1,385.00 1,344.00 1,370.80
HOUSING DEVELOPMENT FINANCE CO 779.75 810.00 775.00 787.15
TATA MOTORS 482.00 489.00 479.10 487.55
HDFC BANK LT 579.90 590.00 579.90 586.05
LARSEN & TOUBRO LTD. 1,110.00 1,131.00 1,105.00 1,117.25
RELIANCE ENR* 561.90 569.80 558.00 565.25
BAJAJ AUTO 1,099.65 1,104.00 1,071.10 1,100.00
BHEL 850.00 883.00 850.00 863.50
GRASIM INDUSTRIES LTD. 1,362.10 1,375.00 1,350.00 1,375.00
INFOSYS TECHNOLOGIES LTD.-ORDI 2,229.00 2,246.50 2,217.15 2,232.80
CIPLA LTD. 271.50 272.90 268.60 270.00
ASSOCIATED CEMENT COMPANIES LT 373.45 377.00 372.50 373.75
SATYAM COMP 404.25 405.95 401.00 402.20
RANBAXY LABORATORIES LTD. 1,022.00 1,037.75 1,018.50 1,022.55
BHARTI TELE 235.00 239.90 233.50 235.95
HINDUSTAN PETROLEUM CORP. LTD. 346.00 346.00 337.80 338.45
HEROHONDA M 568.00 572.00 560.00 560.15
STATE BANK OF INDIA 719.00 725.00 711.60 713.30
HINDUSTAN LEVER LTD. 151.20 151.45 148.10 149.70
TATA IRON AND STEEL CO. LTD. 433.00 433.25 427.50 428.80
Dr. Reddys Laboratories722.00
Gujarat Ambuja445.50
ICICI Bank396.55
ONGC888.00
Tata Power403.00
Last Update : 4 March, 2005, 16:05PM

S&P CNX Nifty
SymbolOpenHighLowLast Price
RELIANCE 559.55 573.40 559.55 572.05
PNB 437.50 483.85 425.00 475.25
SATYAMCOMP 402.00 405.80 401.00 402.45
ONGC 892.35 904.00 888.00 892.45
SBIN 719.00 726.00 711.30 713.45
INFOSYSTCH 2215.25 2249.80 2215.00 2234.20
TATAMOTORS 480.00 489.30 479.00 487.40
TISCO 432.70 433.50 427.20 428.90
SAIL 66.90 67.60 66.05 66.55
ITC 1350.00 1384.70 1342.10 1372.95
MARUTI 475.20 485.50 473.55 483.60
WIPRO 700.25 724.00 697.00 720.05
TCS 1394.00 1403.50 1382.00 1392.25
HDFC 790.00 810.00 781.00 786.90
BHARTI 235.90 239.90 233.10 235.85
ICICIBANK 399.00 403.50 393.10 397.70
RANBAXY 1025.00 1037.00 1015.30 1024.30
M&M 555.65 559.95 550.20 557.90
LT 1114.00 1131.00 1107.00 1117.60
ZEETELE 140.00 146.80 138.60 145.30
ACC 373.00 376.45 372.70 373.95
HINDPETRO 343.00 344.40 337.70 338.55
HINDALC0 1370.00 1410.00 1365.10 1403.10
HINDLEVER 150.30 151.60 147.55 149.80
BHEL 852.00 883.90 852.00 864.10
IPCL 183.50 185.60 182.70 184.20
GAIL 245.90 247.90 244.05 244.90
CIPLA 270.90 272.90 268.50 270.20
BAJAJAUTO 1092.35 1109.00 1072.10 1102.20
HDFCBANK 579.00 596.80 577.15 585.90
TATAPOWER 405.10 408.50 402.50 403.65
GUJAMBCEM 450.00 452.90 445.10 447.90
GRASIM 1360.35 1375.00 1350.00 1372.25
BPCL 409.75 411.90 406.05 407.90
HCLTECH 332.55 349.00 332.55 345.35
ORIENTBANK 329.00 331.50 325.00 328.25
HEROHONDA 564.00 571.85 560.00 560.20
SUNPHARMA 480.05 487.95 480.05 484.60
MTNL 137.50 137.50 134.85 135.20
TATATEA 558.00 562.90 555.00 557.90
NATIONALUM 174.95 175.30 173.20 174.15
DABUR 121.00 124.95 120.00 121.85
REL 561.00 568.80 558.00 564.80
TATACHEM 167.95 167.95 161.65 162.40
SCI 163.10 164.00 161.55 162.30
DRREDDY 725.00 733.80 722.05 724.90
ABB 1295.00 1313.00 1287.00 1296.40
GLAXO 747.00 756.00 738.25 742.80
VSNL 220.00 221.40 217.45 220.10
COLGATE 191.90 192.00 186.90 189.05
Last Update : 4 March, 2005, 16:00PM
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SEBI: New norms for margin lending
Mumbai: According to a Securities and Exchange board of India circular all securities offered through initial public offerings and meeting the conditions for inclusion in the derivatives segment of the stock exchanges would now be eligible for margin trading facility.

Th ecircular states that before providing margin trading facility to a client who has already availed himself of the facility from another broker, the broker is required to obtain a no-objection certificate in writing from the other broker. The other broker is also required to convey his objection, if any, within a period of 21 days from the date of receipt of the query. Failing response, the broker will be free to provide margin trading facility to the client.

Fixed deposits with banks as well as bank guarantees will be treated as cash equivalent and will be considered an acceptable form of initial and maintenance margins, the circular said.

The circular also says that the Clearing Corporation could borrow securities from any person through his account with the depository participant and select the borrower on a random basis. This is expected to enable lending of idle securities by investors. The Clearing Corporation would work out a mechanism to borrow securities at a market-determined rate.

Stock exchanges have been advised to make necessary changes to their byelaws to incorporate the changes and communicate the status of the implementation to SEBI through the monthly development report.
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K Sera Sera to tap capital market
Mumbai: Film and television software production house K Sera Sera Productions Ltd has announced its decision to tap the capital markets to raise funds not exceeding Rs60 crore. The funds raised would be utilised to further the company's business of film and television software production as well as distribution of films in selected areas.

The company at present has four films on the floors: My Wife's Murder, James, Sarkar and Darna Jaroori Hai.

K Sera Sera has also decided to appoint Enam Financial Consultants Pvt Ltd and UTI Securities Ltd as lead managers to the issue. The board also accepted the resignation of Tiwari Samani & Associates as joint auditors of the company and appointed RSM & Co in its place.

An Extraordinary General Meeting of the company has been convened on April 9 to endorse these decisions.

K Sera Sera also produced two serials for Sahara One: Aao Bahen Chugli Karen and Kuch Love Kuch Masti. The company is working on several serial ideas in different genres, the first of which is likely to be aired on Zee TV by April 18.

For the nine months ending December 2004, the company reported a 233-per cent jump in its net profits, to Rs 248 lakh as against Rs 74.6 lakh in the corresponding period last year.

During the same period, income from operations jumped to Rs 3,335 lakh from Rs 1,064 lakh in the corresponding period last year.
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NPIL to raise funds
Mumbai: The board of Nicholas Piramal India Ltd (NPIL) will meet on March 12 to consider options to raise funds either from the domestic or the overseas market.

According to an announcement on the BSE, NPIL will seek to raise funds from either existing or/and new investors.

The promoters currently hold about 51 per cent equity in the company.
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Blue Dart to divest aviation arm
Mumbai: The recent acquisition of Blue Dart Express Ltd by DHL Express (Singapore) Pte Ltd has prompted a restructuring in the equity holding of Blue Dart Aviation Ltd, a subsidiary of Blue Dart Express.

As foreign airline companies are not allowed to hold stakes in Indian aviation companies, Blue Dart Express, now a part of DHL Express, is planning to divest 60 per cent of its equity holding in Blue Dart Aviation to Messrs. Tushar Jani and Khushroo Dubash, the original promoters of Blue Dart.

The board of Blue Dart Express Ltd will meet on March 11 to consider the divestment of 1.44 crore equity shares to Jani and Dubash (30 per cent stake apiece).

Jani, Dubash and Clyde Cooper, also a promoter, are selling their holding in Blue Dart Express to DHL Express. A company announcement posted on the BSE, said the meeting would also take note of the sale of equity shares of the company by the promoters. The meeting will also take up the sale of equity shares of the company by Newfields Holdings Ltd in favour of DHL Express (Singapore) Pte Ltd.

It will also take note of equity shares tendered by shareholders following the completion of the open offer made by the acquirer, namely, DHL Express (Singapore) Pte Ltd. The meeting will also consider appointment of the nominee of DHL Express (Singapore) Pte Ltd, Bryan Jamison, as Director and Chairman of the company.
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domain-B : Indian business : News Review : 05 March 2005 : markets