The Instanex Skindia DR Index (ISDI) was down 0.85 per cent to 1,136.90 on January 8 in early morning trades as the western markets opened for trading. Among ISDI global depository receipts (GDRs) , six advanced and one lost ground. |
The major gainers were Reliance up 1.85 per cent to $32.50 with volumes of 599,980 GDRs, followed by Ranbaxy up 1.14 per cent to $26.51 and Hindalco up 0.83 per cent to $31.76. The only loser was Bajaj Auto down 3.29 per cent to $23.51. |
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At the previous day's close the ISDI, which represents the ADRs and GDRs of 15 actively-traded companies, closed down 1.06 per cent to 1,134.79 on and was trading at a price to earnings multiple of 22 (down by 1.19 per cent). Among the ISDI American depository receipts, one advanced and seven lost ground. |
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The only gainer was HDFC Bank up 2.41 per cent to $34.44, registering volumes of 95,300 ADRs. The major losers were Dr Reddy's down 3.98 per cent to $30.64, registering volumes of 282,600 ADRs, followed by ICICI Bank down 3.91 per cent to $16.96 with volumes of 11,00,100 ADRs and Satyam Computer down 3.20 per cent to $29.04 with volumes of 13,70,900 ADRs. |
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Among the ISDI GDRs and ADRs, there were nine losers and six gainers. The GDRs of Larsen and Toubro and Hindalco firmed up to $23.90 and $31.76, respectively, as against $23.04 and $31.50, previously. |
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The GDR of Bajaj Auto also declined to $23.51 from $24.31, previously. |
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