SBI GDR lone gainer

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 0.19 per cent to 1,121.44 on Thursday in morning trades.

Among ISDI global depository receipts (GDRs), one advanced and seven lost ground. The only gainer was State Bank of India, up 2.22 per cent to $32.20. The major losers were Reliance down 2.99 per cent to $25.95, Bajaj Auto down 2.05 per cent to $21.95 and Ranbaxy down 1.66 per cent to $23.75.

The ISDI, which tracks the ADRs and GDRs of 15 actively traded companies, closed up 0.05 per cent to 1,120.11 on the previous day and was trading at a price-to-earning multiple of 19.95 (unchanged at the previous level). Among ISDI ADRs, five ADRs advanced while three ADRs lost ground.

The major gainers were Dr Reddy's up 2.53 per cent to $17.80, ICICI Bank up 1.80 per cent to $17.51 and Satyam Computer up 1.67 per cent to $26.75. The major losers were HDFC Bank down 0.57 per cent to $40.45 and VSNL down 0.49 per cent to $8.16 and Infosys down 0.28 per cent to $66.69.

US stocks looked to open flat on Thursday as a sales warning from Applied Materials Inc threatens to weigh on technology shares and oil prices hold below $47 a barrel.

S&P 500 futures were nearly unchanged. Dow Jones industrial index futures were up 11 points, while Nasdaq 100 futures fell three points.