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L&T GDR lone gainer

ADR/ GDR REPORT

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Our Markets Bureau Mumbai
Last Updated : Jan 28 2013 | 12:57 PM IST
The Instanex Skindia DR Index (ISDI) was down 1.07 per cent to 962.38 on September 23, 2004, in early trades.
 
Among ISDI global depository receipts (GDRs), one advanced, two remained unchanged and four lost ground. The only gainer was Larsen & Toubro up 0.54 per cent to $18.60, registering a volume of 20,000 GDRs. The major losers were State Bank down 2.75 per cent to $24.80, Reliance down 1.51 per cent to $22.90 and a volume of 14,200 GDRs and ITC down 1.38 per cent to $25.05.
 
The ISDI, representing the GDRs and ADRs of 15 actively traded companies, declined by 1.03 per cent to 962.77 on September 22 as against the previous level of 972.75.
 
The ISDI price-to-earnings multiple also eased by 0.98 per cent to 17.46 from 17.63, previously.
 
Among the ISDI GDRs and ADRs, there were eleven losers and four gainers and among ISDI ADRs, two advanced and six lost ground.
 
The gainers were HDFC Bank, up 4.94 per cent to $32.26 and a volume of 59,200 ADRs and MTNL up 1.35 per cent to $6.78 and a volume of 47,600 ADRs.
 
The major losers were Satyam Computers down 5.39 per cent to $23.01 and a volume of 305,300 ADRs, Infosys down 2.46 per cent to $56.38 and Dr. Reddy's Lab down 2.17 per cent to $16.67 and a volume of 117,100 ADRs.
 
The GDR of Reliance also moved down to $23.00 from $23.60. The GDR of Bajaj Auto also looked up to $21.30 from $20.65.
 
Meanwhile, global blue chip stocks opened lower on Thursday, but the Nasdaq index opened higher on a slight uptrend in technology stocks.
 
The Dow Jones Industrial Average was down 17.85 points, or 0.18 per cent, at 10,091.33.
 
The Standard & Poor's 500 Index was down 0.93 points, or 0.08 per cent, at 1,112.63. The technology-laced Nasdaq Composite Index was up 1.33 points, or 0.07 per cent, at 1,887.04.

 
 

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First Published: Sep 24 2004 | 12:00 AM IST

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