Sensex ends with losses

STOCK MONITOR

Number of up/down move1/4  Media moghul, ZEE Telefilms has been in the eye of the storm over broadcasting rights for cricket matches played in India by the Board of Control for Cricket in India (BCCI) over the next four years. The stock declined 4.15 per cent even as volumes clocked an increase of 58.5 per cent.  The company filed a petition with the Supreme Court, challenging BCCI's decision to cancel the rights awarded to it as it had already paid $20 million.  The BCCI, meanwhile, is considering other options to air the sport. The petition is now scheduled to be heard today (September 27).
 

INFOSYS TECHNOLOGIES
Last week's close (Rs)	1,613.72
Prev. week's close (Rs)	1,689.35
Week's high (Rs)	1,682.50
Week's low (Rs)	1,607.58
Last week's ave. daily turnover (Rs cr)	344.68
Prev. week's ave. daily turnover (Rs cr)	307.65
Futures close September-2004 (Rs)	1,616.27
Futures close October-2004 (Rs)	1,625.10
Futures close November-2004 (Rs)	1,630.00
Number of up/down move	1/4

 Infosys Technologies suffered a setback at the bourses last week amidst a lot of trading activities. The stock slumped 4.5 per cent due to profit-booking.  The scrip perked up last Thursday following reports about a block deal of five lakh shares. The stock's sentiment was, however, hit after Infosys' ADR closed weaker at international bourses.  Volumes clocked an increase of 12.01 per cent as players rushed to sell at levels of Rs 1682. The stock was also one of the highest gainers in terms of volumes amidst a volatile week where the stock moved more than 75 price points.  Stock to watch
 

MARUTI UDYOG
Last week's close (Rs)	368.75
Prev. week's close (Rs)	358.05
Week's high (Rs)	375.90
Week's low (Rs)	348.68
Last week's ave. daily turnover (Rs cr)	635.36
Prev. week's ave. daily turnover (Rs cr)	521.24
Futures close September-2004 (Rs)	369.75
Futures close October-2004 (Rs)	371.90
Futures close November-2004 (Rs)	376.00
Number of up/down move	3/2

 Maruti Udyog underwent a slew of activities in the last two weeks. Amidst an extremely volatile week for the stock, the price settled 3 per cent higher at the bourses last week.

 The company announced an investment of around Rs 6,000 crore along with its parent firm, Suzuki Motor Corp to set up a new car plant in which Maruti will have a 70 per cent stake.  The Japanese major had earlier assured that Maruti will continue to be a part of its investment plans in India. Speculation that the parent company would start selling its own cars in the country had led to a sharp decline in Maruti's prices at the exchanges.  TATA MOTORS
The stock gained 1.44 per cent last week to close at Rs 411.57.  Stock of the week   

GLENMARK PHARMACEUTICALS
Last week's close (Rs)	235.65
Prev. week's close (Rs)	185.13
Week's high (Rs)	235.65
Week's low (Rs)	182.03
Last week's ave. daily turnover (Rs cr)	10.95
Prev. week's ave. daily turnover (Rs cr)	1.76
Futures close	NT
Number of up/down move	5/0

 Glenmark Pharma zoomed 27.29 per cent last week before closing at Rs 235.65, after the company said it has licensed out a molecule for treatment of chronic obstructive pulmonary disorder and asthma to US-based Forest Labs Inc, in a deal worth around $190 million.  The US firm will develop and bring the drug to the North American market, while Glenmark will hold commercial rights for the rest of the world.  The deal, which includes an upfront payment besides other milestones (if the development and commercialisation of the product is successful), is the largest licensing pact signed by an Indian drug maker with a multinational. The company expects the drug to be launched in the US by 2009.  MTNL
The scrip edged down by 1.68 per cent last week before settling at Rs 125.90.  Mid-cap mover   

SAMTEL COLOR
Last week's close (Rs)	65.88
Prev. week's close (Rs)	63.70
Week's high (Rs)	69.53
Week's low (Rs)	63.63
Last week's ave. daily turnover (Rs cr)	6.32
Prev. week's ave. daily turnover (Rs cr)	1.91
Futures close	NT
Number of up/down move	3/2

 Colour picture tubes maker Samtel Color was on the rise last week, moving up 3.42 per cent to close the week at Rs 65.88. The scrip rose after the company said it entered into an agreement with Thomson Tubes Displays SA (Thomson), France, to sell 7 lakh colour picture tubes (CPTs) per annum.  Samtel will sell 1.5 lakh CPTs to Thomson in the remaining calendar year (September -December 2004), and 7 lakh CPTs per year in the next three calendar years.  Samtel has also entered into a technology and technical support agreement with Thomson for producing 29-inch super flat CPTs. Samtel currently has three production lines manufacturing 14, 20 and 21 inch picture tubes, including flat tubes, with a total production capacity of 53 lakh tubes per annum.  IND SWIFT LABORATORIES
The stock continued to surge, gaining 16.03 per cent last week to close at Rs 82.38.  Small-cap mover   

VIDEOCON APPLIANCES
Last week's close (Rs)	27.05
Prev. week's close (Rs)	21.08
Week's high (Rs)	27.40
Week's low (Rs)	20.03
Last week's ave. daily turnover (Rs cr)	0.63
Prev. week's ave. daily turnover (Rs cr)	0.20
Futures close	NT
Number of up/down move	5/0

 Domestic appliance maker, Videocon has lately been under the scrutiny of market players. The markets are closely watching Ashok Parmar, a high net-worth individual, who seems to be actively involved in the stock.  The stock zoomed up more than 28 per cent last week, becoming one of the top-traded stocks. Parmar made news recently when he picked up 10 per cent stake in the company. There were reports that he was planning to further increase his stake.  Parmar is said to have put in around Rs 1 crore to accumulate the company's shares as he believes that the stock's value needs to be unlocked. Trading volumes have been on the rise following his purchase. Parmar is apparently eyeing a seat on the company's board.  SAREGAMA INDIA
The media scrip was marginally up by 0.50 per cent to close at Rs 70.95.