Reliance GDRs surge

ADR/GDR REPORT

Like key Asian markets, Indian global depository receipts (GDRs) traded firm till mid-trading session on Monday.

The Instanex Skindia DR Index (ISDI), which tracks 15 actively-traded Indian depository receipts, rose 1.12 per cent to 998.67 on Monday till 5:00 IST.

Reliance Industries' GDRs rose 5.66 per cent to $28, registering volumes of 127,080 receipts. SBI's GDR jumped 5 per cent to $31.50 with volumes of mere 500 receipts. Bajaj Auto's GDR rallied 2.11 per cent to $24.15 with volumes of 4,525 receipts.

However, Ranbaxy's GDR fell 0.57 per cent to $26.25 registering volumes of 8,208 receipts. Larsen & Toubro's GDR tumbled 0.46 per cent to $21.80 with volumes of 91,274 receipts traded.

ITC's GDR lost 0.04 per cent to $23.00. On Friday, the ISDI rose 1.20 per cent to settle at 991.35. The price-earning ratio rose to 19.18 per cent.