Reliance GDR up 5.57%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 2.16 per cent to 1,063.74 on April 2 in early morning trades in the western markets. Among ISDI global depository receipts, four advanced, one remained unchanged and two lost ground.

The major gainers were Reliance, up 5.57 per cent to $31.25, registering volume of 30,000 GDRs, Bajaj Auto up 5.09 per cent to $22.70, registering volume of 21,350 GDRs and SBI, up 2.37 per cent to $41.00, registering volume of 92,021 GDRs. The losers were""ITC down 1.13 per cent to $26.20 and Ranbaxy down 0.64 per cent to $23.45, registering volume of 3,000 GDRs.

The ISDI, which represents the ADRs and GDRs of 15 actively-traded companies, closed up 3.72 per cent to 1,066.03 on the previous day and was trading at a price to earnings multiple of 18.60 (up by 3.72 per cent).

Among the ISDI ADRs, seven advanced and one lost ground and among the ISDI GDRs and ADRs, there were 14 gainers and one loser.

The major gainers were Satyam Computer, up 4.78 per cent to $21.50, registering volume of 358,300 ADRs, MTNL, up 4.42 per cent to $8.04, registering volume of 200,300 ADRs and Infosys, up 2.85 per cent to $84.06, registering volume of 264,090 ADRs. The only loser was VSNL down 1.19 per cent to $9.13, registering volume of 118,700 ADRs.

The GDRs of Reliance and State Bank of India rose sharply to $31.25 and $41.33, respectively, as against $28.63 and $38.80, previously.