Itc, Reliance Post Gains

The Instanex Skindia DR Index (ISDI) remained unchanged at 538.63 points on June 6, 2003, compared with the previous close at 5 pm IST.

Among the seven ISDI global depository receipts (GDRs), four advanced, two lost ground and one remained unchanged.

Gainers were ITC (up 2.11 per cent to $15.50), Reliance Industries (up 1.14 per cent to $13.30), State Bank of India (up 0.17 per cent to $18.13) and Ranbaxy Laboratories (up 0.13 per cent to $15.72).

Losers were Bajaj Auto (down 0.74 per cent to $10.80) and Larsen & Toubro (down 0.52 per cent to $9.60).

On June 5, 2003, among Indian American depositary receipts (ADRs) and GDRs, there were 14 gainers, eight losers, and 50 ruled steady. Among ADRs, five advanced and three lost ground.

Major gainers were Dr Reddy's (up 3 per cent to $20.60), HDFC Bank (up 1.26 per cent to $18.43) and Infosys Technologies (up 0.89 per cent to $48.70).

Losers were VSNL (down 3.04 per cent to $4.46), ICICI Bank (down 1.55 per cent to $6.99) and MTNL (down 1.18 per cent to $4.18).

The ISDI, which represents the ADRs and GDRs of 15 actively traded companies, had edged up further by 0.24 per cent to 535.71 on June 5 as against its previous close of 534.41, an Instanex Capital release said.

The ISDI P/E ratio also inched up by 0.24 per cent to 11.19 as against 11.17 previously. The ADR of Silverline Technologies firmed up to $1.76 from $1.69 previously. The GDR of M& M moved up to $2.70 from $2.60 .

The ADR of Rediff.Com dropped to $4.47 from $4.70. The GDR of GNFC was also quoted lower at $12.85.

World over, European blue chips hit session highs on Friday after data showed the US lost fewer jobs than expected, nurturing hopes that the US consumer will continue to prop up demand in the world's biggest economy.