Reliance GDR up 2.32%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was down 0.06 per cent to 1208.30 on April 6, 2005, in early morning trades. Among ISDI global depository receipts, two advanced, one remained unchanged and four lost ground.

The gainers were Reliance, up 2.32 per cent to $26.50 and SBI, up 0.13 per cent to $38.15. The major losers were L&T, down 5.31 per cent to $23.75, ITC, down 0.42 per cent to $30.55 and Ranbaxy, down 0.21 per cent to $23.65.

The ISDI which tracks the ADRs and GDRs of 15 actively-traded scrips closed down 0.28 per cent to 1208.12 on the previous day and was trading at a price to earnings ratio of 19.34 (down by 0.26 per cent).

Among ISDI ADRs, three advanced and five lost ground. The gainers were Wipro, up 1.01 per cent to $21.07, Dr Reddy's, up 0.58 per cent to $17.41 and Infosys, up 0.45 per cent to $73.90. The major losers were HDFC Bank, down 1.43 per cent to $42.15, Satyam, down 1.12 per cent to $23.83 and MTNL, down 0.46 per cent to $6.55.

Elsewhere in the world, the European shares inched up on Wednesday, bolstered by a firm finish on Wall Street as oil slipped below $56 a barrel and the dollar took a breather, easing the pressure on corporate profit margins. US stock index futures point to a stronger open later on Wednesday.