The Instanex Skindia DR Index (ISDI) was up 1.10 per cent per cent to 877.13 on August 2, 2004 in early morning trades in the western markets. |
Among ISDI global depository receipts (GDRs), four advanced and two lost ground. The major gainers were Bajaj Auto, up 2.81 per cent to $18.30, L&T, up 0.78 per cent to $16.88 and Reliance, up 0.69 per cent to $21.90. The losers were Ranbaxy, down 0.49 per cent to $20.50 and State Bank of India, down 0.22 per cent to $22.70. |
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The ISDI, which tracks the ADRs and GDRs of 15 actively-traded companies, closed up 1.77 per cent to 876.09 on the previous day and was trading at a price to earnings multiple of 15.76 (up by 1.81 per cent). |
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Among ISDI ADRs, six advanced and two lost ground. The gainers were VSNL, up 3.83 per cent to $7.87, Infosys, up 2.89 per cent to $50.15 and Dr Reddy's, up 1.56 per cent to $16.94. The only losers were Wipro, down 1.46 per cent to $15.51 and MTNL, down 1.01 per cent to $6.83. |
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Meanwhile, elsewhere in the world US stock-index futures fell as the government said al-Qaeda may be planning attacks on financial institutions. |
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S&P 500 futures expiring in September shed 3.3 per cent to 1,097.8 in the morning in London. Nasdaq-100 index futures slipped 5 per cent to 1,397.50. Dow Jones Industrial Average Index futures lost 47 points to 10,093, with 23 Dow stocks falling and four advancing in Europe. |
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On Friday, the S&P 500 rose 1.29 points, or 0.1 per cent, to 1,101.72, taking the index to its first weekly gain since the five days ended June 11. The Dow went up by 0.1 per cent to 10,139.71. The Nasdaq Composite Index added 0.3 per cent to 1,887.36. |
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Asian stocks also fell on terrorist fears in the US. Japan's Nikkei 225 Stock Average lost 0.9 per cent to 11,222.24 at close, South Korea's Kospi index slumped 2.1 per cent, its biggest drop since July 8, to 719.59. |
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Indices in Australia, India and Sri Lanka advanced while all other stock benchmarks declined. |
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