SBI GDR up 2.36%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 0.77 per cent to 1218.31 in early morning trades on April 7. Among ISDI global depository receipts, three gained and four lost ground.

The major gainers were State Bank of India, up 2.36 per cent to $39.00, ITC, up 1.86 per cent to $31.25 and Reliance, up 1.16 per cent to $26.20. The major losers were L&T, down 5.91 per cent to $23.60, Bajaj Auto, down 1.23 per cent to $24.10 and Ranbaxy, down 0.84 per cent to $23.50.

The ISDI which tracks the ADRs and GDRs of 15 actively-traded scrips closed up 0.96 per cent to 1219.73 on April 6 and was trading at a price to earnings multiple of 19.51 (up by 0.87 per cent).

Among ISDI ADRs, six gained and two lost ground. The major gainers were HDFC Bank, up 3.34 per cent to $44.19, Wipro, up 1.86 per cent to $21.15 and VSNL, up 1.16 per cent to $8.75. The major losers were MTNL, down 1.98 per cent to $6.45 and Satyam, down 1.08 per cent to $23.84.

Meanwhile, elsewhere in the world, US blue chips opened little changed on Thursday. The Dow Jones industrial average was up 1.26 points, or 0.01 per cent, at 10487.28. The Standard & Poor's 500 index was up 0.66 point, or 0.06 per cent, at 1184.73. The technology-laced Nasdaq Composite index was up 2.04 points, or 0.10 per cent, at 2001.18.