Ranbaxy GDR up 2.97%

ADR/GDR REPORT

Like most global market, Indian global depository receipts (GDR) traded firm till the mid-trading session on Monday in London.

Key Asian stock markets reverberated with fresh hope that the global terror threat will subside and economic recovery will go unobstructed following the capture of former Iraqi President Saddam Hussein.

The Instanex Skindia DR Index (ISDI), which tracks 15 actively traded depository receipts, rose 1.38 per cent to 973.84 till 5:00PM IST.

Ranbaxy's GDR rose 2.97 per cent to $26 registering volumes of 30,700 receipts traded. ITC's GDR climbed 2.21 per cent to $23.15 with volumes of 20,762 receipts traded.

State Bank of India's GDR edged up 1 per cent to $30.25 with volumes of 9,050 GDRs. However, Reliance Industries GDR remained flat at $24.80 with volumes of 87,000 receipts traded.