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SBI GDRs up 1.84%

GDR/ADR REPORT

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Our Markets Bureau Mumbai
Last Updated : Feb 28 2013 | 1:54 PM IST
Indian global depository receipts (GDRs) traded weak till mid-trading session on Friday in London markets.
 
The Instanex Skindia DR Index (ISDI), which tracks 15 actively-traded Indian depository receipts, shed 2.74 per cent to 1,051.80 till mid-trading session (5:00 IST). SBI's GDR rose 1.84 per cent to $41.50 registering volume of 1,100 receipts.
 
Reliance's GDR rallied 0.83 per cent to $30.50 with volumes of 25,300 receipts traded. Hindalco's GDR jumped 0.21 per cent to $30.80 registering volume of 6,000 GDRs. However, Bajaj Auto's GDR tumbled 1.28 per cent to $23.20 registering volume of 18,700 receipts.
 
Ranbaxy's GDR too eased down 0.44 per cent to $22.40 registering volume of 100,000 receipts. On Thursday, the ISDI fell 4.27 per cent to close at 1,046.05 while the price-earning ratio lost 4.29 per cent to settle at 18.99.
 
Meanwhile, US stocks witnessed a flat trend in opening trades on Friday after quarterly earnings from computer and printer heavyweight Hewlett-Packard left investors cold as the market lingers near long-time highs.
 
Futures for the Standard & Poor's 500 edged up 0.30 point to 1,147.60, futures for the Nasdaq 100 eased 0.50 point to 1,488 and futures for the Dow Jones industrials advanced 8 points to 10,671.
 
On Thursday, the Dow Jones industrial average slipped 7.26 points, or 0.07 per cent, to 10,664.73. Earlier, the Dow jumped to 10,753.63, its highest level since June 21, 2001.
 
The broader Standard & Poor's 500 index fell 4.76 points, or 0.41 per cent, to 1,147.06. The technology-focused Nasdaq Composite index dropped 30.51 points, or 1.47 per cent, to 2,045.96.
 
Meanwhile, Indian securities listed in the US settled lower. Infy, Infosys Tech ADR fell $5.53 to $84.87. Wit, the Wipro ADR tumbled $4.42 to $41.88 and Say, the Satyam Computer ADR eased down $2 to $22.08.
 
Other big losers included IBN, the ICICI Bank ADR (down 91 cents to $15.94); HDB, the HDFC Bank ADR (down $1.17 to $30.24) and MTE, the MTNL ADR (down 71 cents to $9.09).

 
 

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First Published: Feb 21 2004 | 12:00 AM IST

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