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Replacement of scrip(s) in BSE Indices

The Exchange has decided to make the following replacement in BSE indices:

BSE-500 Index:

Exclusions

Inclusions

BSE Small-Cap Index:

Exclusions

Inclusions

The exclusion of iGate Global Solutions Ltd. from BSE Small-Cap index is made on account of discontinuation of trading and delisting pursuant to the SEBI (Delisting of Securities) Guidelines, 2003.

Kalyan S. Bose

Head – Corporate Affairs

January 23, 2008

Add commentJanuary 23rd, 2008

Indian markets jump back as recovery button is pressed

Thanks to increased buying activity, scripts, particularly of the large caps and midcaps gained the lost confidence today. CNS Nifty closed at 5203.40 as against the previous closure of 4899.3 which is up 6.21%. The Midcap stocks are outperforming today too. CNX Midcap index is up 7.51 while the Nifty Midcap 50 is up 11.40%

BSE Sensex closed at 17,594.07 as against to the previous closure of 16,729.94. This is a jump up by 5.17%. Almost all sectoral indices on BSE are up today. Realty stocks too plunged back. BSE Realty is up 11.44%. BSE Power index is up 9.81%. Oil & Gas is up 8.73%.

Amongst the IT Sector, sans Wipro, all stocks on the CNX IT Stock Watch are up. Satyam is one stock that recovered the most. Satyam closed at 393.15 and is up 11.15%.

All scripts on the Bank Nifty too jumped well today. Union Bank is up 22%, Bank of Baroda and Punjab National Bank are up 11% while Canara Bank is up 10%. ICICI Bank is up a modest 2.3%

Add commentJanuary 23rd, 2008

Markets takes relief as trading goes green

Following the paths of its Asian peers, the Indian markets opened in the green this morning. Nifty is up 1.41% and just slipped below the 5000 levels.

Delivering based trading is visible on select counters. Reliance Industries, L&T, IFCI are registered good delivery based buying.

CNX Midcap is up 2.73%. CNX 100 is up 1.73%. Nifty Midcap 50 is up 3.05%.

IT stocks are trading mixed. TCS is tradng at Rs. 820 levels. Wipro is at Rs. 408 levels and Infosys is at Rs. 1400 levels. Rolta is down 11.38%. HCL Insys and Polaris are down 10%

Banking stocks are firm. SBI is at Rs. 2258 levels. ICICI Bank is marginally up while HDFC Bank is down by over 1%. Kotak Mahindra Bank is up 3.83%

Add commentJanuary 23rd, 2008