L&T GDR up 1.60%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 0.88 per cent to 1318.85 in the early morning trades on Wednesday. Among ISDI GDR stocks, 4 advanced and 3 lost ground.

The major gainers were""L&T, up 1.60 per cent to $27.38, Reliance, up 1.52 per cent to $29.44 with volume of 47,829 GDRs and Ranbaxy, up 0.20 per cent to $24.75 with volume of 28,600 GDRs. The losers were""ITC, down 1.69 per cent to $37.85, SBI, down 0.60 per cent to $41.75 with volume of 1,250 GDRs and Hindalco, down 0.25 per cent to $27.98.

Among ISDI ADRs, 6 advanced and 2 lost ground. The major gainers were""Dr Reddy's, up 3.22 per cent to $17.65 with volume of 208,700 ADRs, ICICI Bank, up 3.18 per cent to $22.70 with volume of 587,300 ADRs and VSNL, up 2.71 per cent to $11.75 with volume of 127,900 ADRs. The losers were""HDFC Bank, down 0.29 per cent to $47.75 with volume of 132,600 ADRs and Infosys, down 0.04 per cent to $76.44.

Instanex Skindia DR Index was up 0.49 per cent to 1315.91 on Tuesday and was trading at a P/E of 20.96.