RIL GDR looks up

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 1.75 per cent to 1,002.91 on Thursday in early trades.

Among ISDI global depository receipts (GDRs), four advanced, one remained unchanged and two lost ground.

The major gainers were Reliance up 3.54 per cent to $24.85 and a volume of 37,240 GDRs, Ranbaxy up 1.28 per cent to $23.70 and ITC up 1.25 per cent to $24.30. The losers were Hindalco down 6.31 per cent to $27.17 and State Bank of India (SBI) down 0.08 per cent to $26.60.

On October 13, among ISDI ADRs, four advanced and four lost ground. The major gainers were Infosys up 7.73 per cent to $60.38 and a volume of 997,381 ADRs, Satyam Computer up 5.76 per cent to $26.80 and a volume of 499,200 ADRs and Wipro up 3.57 per cent to $21.75 and a volume of 514,900 ADRs.

The major losers were MTNL down 2.75 per cent to $7.06 and a volume of 55,000 ADRs, Dr Reddy's down 1.42 per cent to $16.66 and a volume of 63,100 ADRs and ICICI Bank down 0.79 per cent to $13.79 and a volume of 118,400 ADRs.

The ISDI, representing the GDRs and ADRs of 15 actively traded companies, edged up further by 0.81 per cent to 1,000.27 on October 12 as against the previous level of 992.25.

The ISDI ratio also moved up by 0.85 per cent to 18.14 from 17.99 previously. Among the ISDI GDRs and ADRs, there were five gainers and 10 losers.

However, the GDRs of Hindalco and Reliance moved down to $28.32 and $24.30, respectively, from $29.88 and $24.85 previously.