Hindalco GDR up 3.11%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 0.22 per cent to 1321.71 in early morning trades on Thursday. Among ISDI GDR stocks, 2 advanced, 1 remained unchanged and 4 lost ground. The gainers were""Hindalco, up 3.11 per cent to $28.85 and L&T, up 2.26 per cent to $28.00.

The losers were""Reliance, down 5.06 per cent to $27.95 with volume of 119,513 GDRs, Ranbaxy, down 2.02 per cent to $24.25 with volume of 90,698 GDRs and Bajaj Auto, down 1.44 per cent to $30.80 with volume of 56,498 GDRs.

Among ISDI ADRs all 8 advanced. The major gainers were""MTNL, up 3.18 per cent to $6.81, HDFC Bank, up 2.68 per cent to $49.03 and Wipro, up 1.84 per cent to $21.08.

Instanex Skindia DR Index was up 1.20 per cent to 1331.74 on Wednesday and was trading at a P/E of 21.22.