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HDFC Bank to enter Bahrain Dubai April 12, 2008

HDFC Bank has unveiled plans to foray into Bahrain by the middle of the year, following Bank of Baroda's re-entry into the Kingdom after 18 years.

According to a media report, HDFC Bank announced plans to raise $1 bn through a medium-term note issue to fund its overseas expansion plans, beginning with Bahrain. Bahrain has been the hunting ground of Indian banks since there are 300,000 Indians working in the Gulf state and the country's authorities are liberal in issuing news licences.

BoB and HDFC joined the list of Indian banks eyeing Bahrain. India's leading bank - State Bank of India and the country's largest private sector bank, ICICI, already have operations in Bahrain.

Deputy Governor of Central Bank of Bahrain, Anwar Al Sadah, said a large number of banks from India and across the globe are likely to commence operations here this year, Bahrain Tribune said in a report.
Anil K Khandelwal, Chairman and Managing Director, Bank of Baroda, who was in the Kingdom recently to oversee the new initiative, said the bank's return to Bahrain as a clear indication of the importance of the Gulf region in its overseas expansion plans.

Bank of Baroda also applied for a license in Qatar and is exploring avenues in Saudi Arabia and Kuwait as well.

Inflation hits steel stocks, futures prices hard

New Delhi, April 11: Steel prices in futures market and shares of the steel companies on Bombay Stock Exchange took a major beating after the government withdrew export incentives for primary steel to tame inflation, which touched a three-year high of 7.41 per cent.

Futures prices of steel on NCDEX counter fell sharply by over 2 per cent, while the shares of most steel companies which included Sesa Goa and Tata Sponge Iron Ltd, slided in the range of 0.23 to 1.18 per cent.

The futures contracts of mild steel ingots traded largely on NCDEX platform began its downward journey on reports of inflation in the morning. Prices surged over 2 per cent in the afternoon trade.

"Steel prices have come under pressure in the futures market due to inflation. Steel prices in the wholesale price index have risen 5.6 per cent for the week ending March 29, “an analyst of Karvy Comtrade told reporters.

At 1600 hours, May contract was trading down by 1.21 per cent to Rs 32,600 per tonne. June delivery of steel fell by 1.94 per cent to Rs 34,000 per tonne.

Meanwhile, commodity brokerage SMC Vice President Rajesh Jain said, "Inflation did not have much impact on steel stocks because the scrips began the downward trend when inflation figures started inching up in the last 2-3 weeks".

"Sluggish global markets coupled with rising domestic inflation since February took a toll on steel firms. Their shares on BSE have beaten enough since then and now there is not much influence...," he said.

JSW steel scrips, which were trading at Rs 11,00 during levels in February, have slipped to Rs 700 levels now. SAIL dipped to 152 levels from 254.45 two month back. Tata Steel slided to Rs 690 from Rs 800 levels in March, he said.

India is 4th largest, China 2nd largest world economy

Washington, April 12: A senior World Bank official said on Friday that India was in the fourth position among the ranking of global economies as per World Development Indicators (WDI) 2008.

Measured at gross national income, the United States is still the largest economy, producing $13.2 trillion worth of goods and services; and China is number two.

With India and China among the top five economies, developing countries now produce 41 percent of the world`s output, up from 36 percent in 2000, according to the World Development Indicators (WDI) 2008.

`So we have two developing countries in the top five, and we have three more in the top 12,` noted Eric Swanson, programme manager, World Bank Development Data Group, taking it as a pointer to growth of the developing world and its movement into the global economy.

The aid landscape too is changing rapidly as developing countries such as China and India are becoming donors even as traditional donors remain the dominant source of development aid, the WDI report noted. The combined output of the world`s economies reached $59 trillion in 2006. Strong growth over the period has increased the shares of all developing regions except Latin America and the Caribbean, while the share of high-income economies fell by five percent.

This year`s World Development Indicators (WDI) introduces new estimates of purchasing power parity (PPP) allow more accurate comparisons of market size, the structure of economies, and what money can buy.

`We live in a world of highly interdependent markets for goods, services, finance, labour, and ideas,` said Alan Gelb, Acting World Bank Chief Economist and Senior Vice President for Development Economics. `When we measure economies on a comparable global scale, the growing clout of developing countries comes into sharp relief.`

`The goal of the WDI is to present a comprehensive picture of the world using the best statistical evidence available,` he told reporters ahead of the World Bank-International Monetary Fund Spring Meetings here over the weekend.

`The World Development Indicators allows us to view development not just in terms of economic outputs, but also through the welfare of people, the condition of the environment, and the quality of governance,` said Swanson.

World Development Indicators 2008 (WDI) provides a detailed picture of the world through data. It includes, for example, information on health expenditures, on transport and other infrastructure services, on the quality of public sector management, on Internet access, on access to improved water sources, and on carbon dioxide emissions.

While much progress has been made in reducing child malnutrition in the developing world, it remains widespread in many countries, especially in Sub-Saharan Africa and South Asia where severe to moderate stunting affects as many as 35 percent of children under five.

South Asia has the highest incidence of child malnutrition; the child malnutrition rate in India is double the African average, the report said. The WDI draws on a database of over 1,000 indicators covering 209 countries and territories, but there are still serious gaps, especially in statistics from poor countries.

`Statistics are fundamental,` says Shaida Badiee, Director of the Development Data Group. `Without reliable statistics, there is no accountability. Improving the quality of development statistics is a long-term effort that is now receiving growing support from our development partners.`

Indian equities market posts gains this week

Mumbai, April 12: The Indian equity market posted gains this week despite rise in inflation. The improved data on industrial output kept the market sentiment high and of the five trading session three ended in the green.

The wholesale price index rose 7.41 percent, accelerating from the previous week's annual rise of 7 percent, government data showed Friday.

India's industrial output (IIP) rose 8.6 percent in February 2008 from a year earlier, rising from the previous month's upwardly revised 5.8 percent growth.

The 30-share BSE Sensex rose 464.52 points or 3.03 percent at 15,807.64 in the week. The S&P CNX Nifty gained 130.80 points or 2.81 percent to 4,777.80 in the week.

The BSE Mid-Cap index advanced 260.37 points or 4.15 percent to 6,523.22 and the BSE Small-Cap index gained 366.44 points or 4.74 percent to 8,081.43. According to data available with market regulator Securities Exchange Board of India (SEBI), the Indian equity market attracted investments of $660.90 million over the week.

Trading for the week started on an upbeat note with the BSE Sensex advancing 413.96 points, or 2.7 percent at 15,757.08 on April 7. The broader based S&P CNX Nifty was up 114.2 points, or 2.46 percent at 4,761.20 that day. IT, banking, metal and FMCG stocks led the rally.

Market edged lower on April 8, tracking weak Asian and European markets. The BSE slipped 169.46 points or 1.08 percent at 15,587.62, and the S&P CNX Nifty was down 51.55 points or 1.08 percent at 4,709.65.

BSE Sensex gained 202.89 points or 1.3 percent at 15,790.51 on April 9. The S&P CNX Nifty was up 37.4 points, or 0.79 percent at 4,747.05 that day.

The BSE fell 95.41 points or 0.60 percent at 15,695.10 on April 10. The CNX S&P Nifty fell 14.05 points or 0.30 percent at 4,733.

The market edged higher on April 11, boosted by improved industrial production data and firm Asian and European markets. The BSE rose 112.54 points or 0.72 percent at 15,807.64 and the S&P CNX Nifty gained 44.80 points or 0.95 percent at 4,777.80.

India's largest private sector company in terms of market capitalisation and oil, refiner Reliance Industries (RIL) rose 9.81 percent to Rs.2,550.05 in the week. As per reports, RIL is planning to enter into the rig manufacturing business besides investing $2.5 billion to enter petrocoke gasification.

IT pivotals were mixed ahead of IT bellwether Infosys Technologies' results, which will be declared April 15. Infosys was down 4.08 percent to Rs.1,422.45 and Wipro slid by 2.24 percent to Rs.406.30.

India's second largest telecom services provider by sales, Reliance Communications slipped 1.38 percent to Rs.493.25 in the week. India's largest truck maker by sales, Tata Motors rose 1.36 percent to Rs.622 in the week on reports it had raised the price of trucks and buses by 3.5 percent from April 1 to offset higher raw material costs.

India's largest engineering and construction firm by sales, Larsen & Toubro advanced 3.26 percent to Rs.2,774 after it bagged four orders worth Rs.16.87 billion for water supply projects, sinter plant and cold roll mill and a coal handling plant.

Govt, FICCI to set up JV to boost investment

New Delhi, April 12: The government has decided to set up a joint venture company with industry body FICCI for encouraging investment in the country.

"The invest India company, a joint venture between the Department of Industrial Policy and Promotion and FICCI, would be funded by the government and managed by the chamber," Commerce & Industry Minister Kamal Nath said at the national seminar on foreign trade policy here today.

The company would be set up in the next two months, Nath said.

He said the foreign trade policy review unveiled yesterday seeks to enlarge India's trade basket with the inclusion of high value-added manufactured products and items such as fruits and vegetables.

"We invite suggestions from industry within 15 days on the focus product & focus market schemes announced in the trade policy review," Nath said, adding that these schemes would help exporters to access existing markets with new products and penetrate the hitherto untapped regions.

The government's objective, he said, was to continue to build on the economic momentum that the country has gained and make a serious bid to attain the export target of 200 billion dollars in 2008-09.

Rising food prices may risk war: IMF

Washington, April 13: Rising food prices could have terrible consequences for the world, including the risk of war, the IMF has said, calling for action to keep inflation in check.

"Food prices, if they go on like they are doing today ... the consequences will be terrible," International Monetary Fund Managing Director Dominque Strauss-Kahn said.

"Hundreds of thousands of people will be starving ... (leading) to disruption of the economic environment," Strauss-Kahn told a news conference at the close of the IMF spring meeting here.

Development gains made in the past five or 10 years could be "totally destroyed", he said, warning that social unrest could even lead to war.

"As we know, learning from the past, those kind of questions sometimes end in war," he said. If the world wanted to avoid "these terrible consequences", then rising prices had to be tackled.

Skyrocketing prices on rice, wheat, corn and other staple foods like milk particularly hurt developing nations, where the bulk of income is spent on the bare necessities for survival.

Higher energy prices, too, are driving up the cost of food, as well as stoking broader inflation.

In recent months, rising food costs have lead to social unrest in several countries such as Haiti and Egypt. Thirty-seven countries currently face food crises, according to the Food and Agriculture Organization.

Inflation concerns

Escalating inflation is complicating the already complex challenges of a global financial crisis battering the world economy, Strauss-Kahn said.

The 185-nation IMF called for a strong front to put the reeling world economy back on track.

"The global crisis has to be addressed with a global view and by strengthening the role of multilateral institutions," Tommaso Padoa-Schioppa, chair of the International Monetary and Financial Committee (IMFC), the IMF`s top policy-making body, told reporters in a briefing.

In a statement, the IMF said that "policymakers should continue to respond to the challenge of dealing with the financial crisis and supporting activity, while making sure that inflation is kept under control."

The IMF stressed that "the challenges facing the world economy are of a global nature, requiring strong action and close cooperation among the membership."

Unlike the last IMF meeting in October, where internal reforms were high on the agenda, this time the multilateral institution faces a full-blown, and still unfolding, financial shock that began in August amid rising defaults on US high-risk sub-prime home loans.

Tasked with maintaining global financial stability, the IMF, whose own finances are strained, insists its expertise and global range make it a key player in resolving what Strauss-Kahn earlier called the worst financial crisis since the Great Depression of the 1930s.

The IMF last week warned the global economy is slowing so rapidly it could slide effectively into recession this year and next.

IMF policymakers also welcomed moves by central banks to provide liquidity support to ease strains in the credit markets.

The US Federal Reserve, the European Central Bank and others have pumped hundreds of billions of dollars into the money markets that seized up in the spreading sub-prime contagion.

The IMF also applauded Financial Stability Forum policy recommendations adopted Friday by the Group of Seven industrialized countries in the hope of improving transparency and resiliency in the financial markets within 100 days.

Regarding internal reforms, the IMF said it hoped governors would soon approve key voting and financial measures approved by the executive board.

It said it looked forward to approval of a reform of voting rights, long demanded by developing countries, by April 28, and a new income model that includes the sale of 403 tonnes of gold to raise cash, by May 5.

Indian IT growth story to continue: NASSCOM

New Delhi, April 11: The Indian IT and ITeS sector is unlikely to be affected by a slowdown in the US market, IT industry body NASSCOM on Friday said.

"Though the slowdown might affect the industry in the short-term, but in the long run the Indian IT and BPO sector will continue to maintain healthy growth rate," NASSCOM President Som Mittal told reporters.

India's outsourcing industry is grappling with an appreciating rupee and the sluggishness may remain for another four-to-six months, he said.

The sector expects to meet or even exceed its software export target of 60 billion dollars and overall software and services revenue goal of $73-75 billion by 2010, he said.

However, the sector is keeping its fingers crossed that the international slowdown would turn out to be a blessing.

Concessions to Pak under SAFTA may be withdrawn: Nath

New Delhi, April 12: Unhappy over Pakistan's resistance to implement South Asia Free Trade Agreement, India on Saturday said it may be compelled to withdraw concessions to the neighbouring country if it does not take a decision in this regard soon.

New Delhi, however, expects the new government in Pakistan would resolve the issue soon.

"We have provided a series of concessions to Pakistan under SAFTA. Pakistan has not provided to India. We are looking at the situation," Commerce Minister Kamal Nath told reporters on the sidelines of a CII function on Foreign Trade Policy.

Noting that Pakistan has sought more time on the issue, he said "if they don't take a decision on this, then India may be compelled, we will consider it, to withdraw the concessions."

However, with the new government assuming office in Pakistan, Nath said "we are hopeful. Last six to eight months, there has been inactivity on this front. We understand. But we are hoping, in the next couple of months, to resolve this."

SAFTA came into effect in June 2006 but Pakistan has refused to implement it with regard to India. Pakistan maintains that it would continue to conduct commerce with India on the basis of the positive list under which about 1,000 items can be traded.

India views this as violative of the SAFTA spirit.

Nath said India has asked Pakistan to expand the positive list, failing which New Delhi will have to act.

Market crash, IPO delays may cut bankers' profits
13 Apr, 2008, 0242 hrs IST..............................

MUMBAI: Merchant bankers played matadors when bulls spoored the D-Street. However with bears taking over the proceedings, the Street has become a deadly alleyway for the investment bankers. If market sources are to be believed, merchant banks — with no real corporate deals to work on — are staring at a sizeable revenue loss this quarter.

The first three months of the calendar year witnessed just 16 public issues aggregating to Rs 14,900 crore. About 3% of the companies listed during the period fall in the financial sector while 3.8% of public issues were of companies in the technology and communication sectors. Over 11% fell under industrial segment while oil, gas and allied companies comprised 82% of all issues, according to data by Bloomberg.

Barring a handful of offering, several IPOs bombed on the bourses. Big-ticket offering from Emmar MGF and Wockhardt Hospitals failed to generate any investor interest even with ‘bulge-bracket’ bankers supporting the issue. All these have caused a major shakeout (with regards to ranking of merchant bankers) as far as performance of merchant bankers are concerned.

“Primary market is in a comatose as a result of the market crash. About 20 companies have also delayed their IPO plans indefinitely. We should have issues trickling in once the market stabilises. Some real good fairly-priced issues have to hit the market to regain investor confidence in primary market,” said Almondz Global Securities’ CEO Navjeet S. Sobti.

The first quarter of the ‘IPO race’ (January - March ‘08), according to Bloomberg, is led by Deutsche Bank and closely followed by ICICI Securities and Kotak Mahindra Capital Company, in that order. Deutsche Bank was the book runner to three issues collectively raising Rs 2,600 crore and thereby earning a lead manager market share of over 16%. The bank is understood to have collected 1.45% (of total money raised) as fees for services offered.

ICICI Securities has cut four deals in the same period, raising about Rs 2,300 crore and carving out a market share of 14%. Kotak Mahindra managed four issues to raise Rs 1,800 crore and accounting for about 11% of the total IPO market. ICICI Securities and Kotak Mahindra are said have collected 0.6 and 0.7% (of net capital raised) respectively as merchant banking fees.

“The weakening of primary market will narrow our revenue streams to a good extent. Lead bankers have already begun shifting to smaller mandates like corporate advisory, ESOP certification and private equity brokering,” a Mumbai-based merchant banker said on conditions of anonymity.

However, the positive aspect is that companies who have delayed their IPO plans (after getting Sebi’s approval), will have mandatorily hit the market in three months time. All the more encouraging is the fact that as many as 64 companies, including Reliance Infratel, Oil India and NHPC, would decide on IPOs when the market stabilises.

According to a recent Prime Database-Assocham study, about 44 IPOs, collectively planning to raise Rs 31,000 crore, are waiting for Sebi approval to tap the capital market. Some of these firms may still go ahead with their IPO plans, though at reduced valuations, even in low-but-stable market conditions, merchant bankers hope.

Stock Name Close Trend Support Resistance
3IINFOTECH 111.25 Up 104- 106
A.C.C. 808.05 Up 803- 819
ABAN 3299.9 Down 3204- 3268
ABB LTD. 1123.1 Down 1127- 1150
ABIRLANUVO 1359.85 Down 1420- 1449
ADLABS FILM 645.7 Down 652- 666
AIAENG 1492 Down 1499- 1529
AIRDECCAN 128.2 Down 130- 133
ALLHABAD BNK 77.1 Down 82- 84
ALOK INDS 59.75 Up 59- 60
AMBUJACEM 118.05 Down 119- 122
AMTEK AUTO 298.8 Up 281- 287
ANDHRA BANK 77 Down 77- 79
ANSALINFRA 141 Down 158- 162
APIL 617 Up 594- 606
APTECH TRAIN 226 Up 213- 218
ARVIND MILLS 41.55 Up 40- 41
ASHOK LEYL 37.65 Up 35- 36
AUROBINDO PH 303.25 Up 292- 298
AXISBANK 761 Down 798- 814
BAJAJHIND.LT 207 Down 203- 207
BAJAJHLDNG 662 Up 654- 667
BALRAMPUR C. 91.25 Up 85- 87
BANK OF BARO 295.9 Down 298- 304
BANK OF IND. 307.1 Up 289- 295
BATA INDIA 151.8 Up 147- 150
BH.EARTH MOV 980.2 Down 1028- 1049
BHARAT ELEC. 1172 Down 1205- 1229
BHARAT FORGE 274.9 Down 272- 278
BHARAT PETRO 393 Down 407- 415
BHARTIARTL 815 Up 805- 821
BHEL 1825 Down 1865- 1903
BHUSHAN ST. 767 Down 768- 783
BIOCON EQ 435 Up 424- 433
BIRLA CORP 197.3 Up 197- 201
BOM DYEING 603 Down 615- 628
BONGAIGAON R 52.6 Up 52- 53
BOSCHLTD 3715 Down 3731- 3806
BRFL 308.85 Up 289- 294
CAIRN 251.6 Up 224- 228
CANARA BANK 226.3 Down 229- 234
CENTRALBK 92 Up 89- 90
CENTURY TEXT 716.05 Down 735- 749
CESC LTD 439 Down 427- 436
CHAMBAL FERT 50.1 Up 50- 51
CHENNAI PETR 320.35 Up 291- 297
CIPLA 213.5 Up 208- 213
CMC 802 Up 793- 809
CORPN. BANK 307 Up 291- 297
CROMPTON GR. 259.05 Down 265- 271
CUMMINSIND 320.1 Up 310- 317
DABUR INDIA 106.05 Up 103- 105
DCB 88.55 Down 89- 91
DENA BANK 53 Down 54- 55
DIVIS LAB 1435 Up 1298- 1324
DLF 598.9 Down 651- 664
DR.REDDY 590.1 Up 574- 586
EDELWEISS 765 Up 768- 784
EDUCOMP 3880 Up 3686- 3761
EKC 282.5 Down 283- 289
ESCORTS 90 Down 90- 91
ESSAR OIL 241 Up 221- 226
FEDERAL BANK 232 Down 234- 239
FINANTECH 1690.05 Up 1663- 1697
GAIL 445.05 Up 421- 430
GBN 122 Down 134- 137
GDL 108.75 Up 100- 102
GESHIP 392.8 Up 378- 386
GITANJALI 231 Down 241- 245
GLAXO SMITHK 975.05 Down 991- 1011
GMRINFRA 142.8 Down 147- 150
GRASIM IND. 2552.8 Down 2639- 2692
GTL EQ 275 Up 252- 257
GTOFFSHORE 609 Down 652- 666
GUJ.ALKALI 180.7 Up 155- 158
GUJ.NARMADA 140.5 Down 143- 146
HAVELLS (I) 479.5 Up 475- 484
HCC 121.85 Down 130- 133
HCL TECHNOLO 230.3 Down 251- 256
HDFC BANK 1335.1 Down 1341- 1369
HDIL 621.3 Down 657- 670
HERO HONDA 740 Up 718- 732
HIND.OIL EXP 135.65 Up 114- 117
HIND.PETROL 247 Down 259- 264
HIND.ZINC 556.95 Down 547- 558
HINDALCO 176.9 Down 172- 176
HINDUNILVR 235.5 Up 233- 238
HOTEL LEELA. 40.65 Down 42- 43
HOUS DEV FIN 2385 Down 2439- 2488
HTMTGLOBAL 325 Up 311- 317
I-FLEX 1094 Up 988- 1008
ICICI BANK 788 Down 844- 861
IDBI 93.8 Down 94- 95
IDEA 100.05 Up 100- 102
IDFC 154.45 Down 158- 161
INDIA CEMENT 183.2 Down 188- 192
INDIAINFO 836 Down 826- 843
INDIAN HOTEL 109.2 Down 111- 114
INDIAN OIL 452 Down 464- 473
INDIANB 158 Down 167- 170
INDUS IND BK 82.25 Down 81- 83
INDUST.FIN.C 43.9 Down 47- 48
INFOSYS TECH 1424.95 Down 1449- 1478
IOB 141.05 Down 137- 139
IRB 182 Up 176- 180
ISPATIND 28.85 Down 32- 33
ITC 204.65 Up 200- 204
IVRCL INFRAS 377.15 Down 391- 399
IVRPRIME 187.85 Down 187- 191
JAMMU&K BANK 645 Down 660- 674
JETAIRWAYSEQ 536 Down 575- 586
JIND STAINLE 140.7 Up 140- 143
JINDALSAW EQ 588 Down 659- 672
JINDL STL&PO 1880 Down 1967- 2007
JPASSOCIATEQ 214.2 Down 230- 234
JPHYDRO 57.55 Up 58- 59
JSWSTEEL 714 Down 828- 845
KARNATAK BNK 205 Down 211- 215
KESORAM 395.85 Up 385- 393
KOTAK BANK 638 Down 664- 678
KPIT INFOSYS 85.55 Up 78- 80
LAKSHMI MACH 1510 Down 1594- 1626
LIC H.FINAN 289.6 Up 277- 282
LITL 392.8 Down 402- 410
LT EQ 2779.05 Down 2893- 2951
LUPIN 495.75 Down 494- 504
MAH & MAH 618.8 Down 640- 653
MAH.SEAMLESS 290 Down 303- 309
MAHANGR TELE 99.6 Down 103- 105
MARUTI 740.35 Down 792- 808
MATRIXLABSEQ 171.25 Up 169- 172
MCDOWELL 1690.25 Up 1598- 1631
MOSER-BAER 168.5 Up 157- 160
MPHASIS 210 Up 203- 207
MRPL 90.3 Up 82- 84
NAGAR.CONST. 188.05 Down 212- 216
NAGAR.FERT 37.25 Down 39- 39
NATION ALUMI 419 Down 439- 448
NAUKRI 890.05 Up 858- 876
NDTV EQ 402.15 Up 386- 394
NETWORK18 210.45 Down 230- 235
NEYVELI LIGN 129 Down 124- 127
NICHOLAS PIR 307.3 Up 306- 312
NIITLTD EQ 95.1 Down 97- 99
NIITTECH EQ 126 Up 112- 114
NSE NIFTY 4785.1 Down 4762- 4858
NTPC EQ 187.2 Down 191- 195
NUCLEUS SOFT 235.5 Down 216- 220
OMAXE 199.5 Down 212- 216
ONGC CORP. 1005.2 Up 1004- 1024
ORCHID CHEM 248.5 Up 194- 198
ORIENT.BANK 178 Down 187- 191
OSWAL CHEM. 35.35 Down 36- 37
PANTALN RETL 477.95 Up 457- 466
PARSVNATH 196 Down 212- 216
PATELENG EQ 549 Down 600- 612
PATNI EQ 238.5 Up 229- 234
PENINLAND 95.4 Up 91- 93
PETRONET EQ 75.8 Up 71- 72
PFC 156.5 Down 161- 164
PNB 510.5 Up 512- 523
POLARIS SOFT 86.8 Up 82- 83
POWERGRID 98.5 Up 98- 100
PRAJ IND.LTD 140.4 Up 138- 141
PUNJLLOYD 330.7 Down 323- 329
PURVA 241.1 Down 250- 255
RAJESH EXPOR 92 Down 88- 89
RANBAXY LAB. 444.85 Up 444- 452
RCOM 493.7 Down 517- 528
RECLTD 110.75 Up 107- 110 107- 110
REDINGTON 335 Up 331- 337
REL EQ 1289 Down 1287- 1313
REL.CAPITAL 1283.8 Down 1326- 1353
RELIANCE 2548.95 Up 2352- 2400
RENUKA 104.65 Down 848- 865
RNRL 98.95 Down 105- 107
ROLTA 283.5 Up 278- 283
RPL 182.3 Up 165- 168
RPOWER 363.05 Up 342- 349
S.KUMARS NAT 101 Down 108- 110
SASKEN 135.55 Up 114- 117
SATYAM COMP 436.3 Up 411- 419
SESA GOA LTD 3108.1 Down 3031- 3092
SHIPP.CORPN. 212.4 Up 206- 210
SHREE CEMENT 1114.95 Up 1081- 1103
SIEMENS 621 Down 643- 656
SOBHA 589.95 Down 634- 646
SRF LTD. 108.5 Up 105- 107
STATE BANK 1665.15 Down 1717- 1751
STEEL AUTHOR 162.25 Down 184- 188
STER EQ 793.95 Up 750- 765
STERLING BIO 173 Up 161- 164
STRIDES ARCO 187 Up 168- 172
SUN PHARMA. 1265.8 Down 1233- 1257
SUNTV 296 Down 298- 304
SUZLON 292.3 Up 274- 279
SYNDICATE BK 73.15 Down 77- 79
TATA CHEM 328.3 Up 299- 305
TATA POWER 1249.3 Up 1179- 1203
TATA TEA 887 Up 829- 845
TATACOMM 472.1 Down 504- 514
TATAMOTORSEQ 621.8 Down 640- 653
TATASTEEL 694.5 Down 688- 702
TCS EQ 909.95 Up 859- 876
TECHM 822 Up 725- 740
TITAN IND. 1060.9 Up 1041- 1062
TRIVENI 111.45 Down 111- 114
TTML EQ 28.15 Down 29- 30
TULIP 830.5 Down 875- 893
TVS MOTOR 32.5 Down 36- 36
ULTRACEMCOEQ 800 Down 807- 823
UNION BANK 151.05 Up 150- 153
UNIPHOS EQ 303.9 Up 284- 290
UNITECH LTD 262.6 Down 283- 289
VIJAYA BANK 49.4 Down 52- 53
VOLTAS 162.65 Down 172- 175
WELGUJ 389.55 Up 380- 387
WIPRO 405 Up 411- 419
WOCKHARD LTD 284 Down 282- 288
WWIL 35.95 Down 37- 38
YESBANK 160.95 Down 172- 175