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Markets:
Mid-caps lead the march
Mumbai: The Sensex gained 46.89 points to close
at 5135.45 points. The Nifty rose 15.06 points to close
at 1610.75 points.
Market Gainers
LMW, Veejay Lakshmi, Schalforst Engineering, India Card
Clothing, PNB, Corporation Bank, Union Bank, SBI, IOC,
Pidlite Industries, Texmaco, KSB Pumps, Greaves, Crompton
Greaves, Praj Industries, BHEL, Reliance, Ranbaxy, UltraTech
Cemco, Aftek Infosys, Hindustan Oil Exploration, IDBI,
Neyveli Lignite, Bharuka Steel, Wimco, Maars, Crest Communications,
KCP Sugar, Ponni Sugars, Hindustan Sintex, Automotive
Stampings, Berger Paints, ETC Network, FACT, Orient Paper,
Gujarat NRE Coke, Automotive Stampings, Century Extrusions,
Orissa Sponge, Jayshree Tea, Speciality Paper, Apollo
Tyres, Balrampur Chini, Bata India, Blue Dart
Market
Losers
Tata Consultancy Services, Parry Confectionary, Mercator
Lines, Raymond
Market Counter
BSE 30
Figures in Rupees
Gain (+) / Loss (-)
| ACC |
263.75 |
+0.35 |
| Bajaj
Auto |
906.85 |
+24.75 |
| Bharti
Televentures |
136.65 |
-0.10 |
| BHEL |
570.45 |
+23.40 |
| Cipla |
242.25 |
+5.20 |
| Dr.
Reddys Laboratories |
696.50 |
+4.80 |
| Grasim
Industries |
1,093.80 |
-10.10 |
| Gujarat
Ambuja |
320.60 |
-1.40 |
| HDFC |
557.25 |
+7.00 |
| HDFC
Bank |
379.30 |
+4.35 |
| Hero
Honda Motors |
447.25 |
-0.85 |
| Hindalco
Industries Limited |
1,179.20 |
+29.15 |
| Hindustan
Petroleum Corp |
307.40 |
+7.35 |
| HLL |
111.95 |
+0.85 |
| ICICI
Bank |
274.15 |
+7.60 |
| Infosys
Technologies |
1,545.20 |
+9.85 |
| ITC |
1,043.85 |
+10.60 |
| Larsen
& Toubro Limited |
792.80 |
0.00 |
| Maruti
Udyog |
361.75 |
+1.70 |
| MTNL |
121.70 |
-1.20 |
| ONGC |
703.00 |
+1.50 |
| Ranbaxy
Labs |
936.35 |
+14.20 |
| Reliance
Energy |
652.80 |
+3.75 |
| Reliance
Industries |
460.50 |
+2.65 |
| Satyam
Computer Services |
340.00 |
+1.40 |
| State
Bank Of India |
436.20 |
+4.85 |
| Tata
Motors |
383.70 |
+0.70 |
| Tata
Power |
256.20 |
+2.65 |
| TISCO |
245.50 |
-2.85 |
| Wipro |
573.30 |
+8.20 |
| Zee
Telefilms |
149.25 |
+0.25 |
Others
M&M down 1.7 per cent at Rs.417
Bombay Dyeing up 8.3 per cent at Rs.155
Berger Paints up 7.2 per cent at Rs.29
Titan Industries up 4.4 per cent at Rs.143
BHEL up 4.3 per cent at Rs.570
ITC Hotels down 16 per cent at Rs.121
GlaxoSmithKline Consumer Healthcare up 8.55 per
cent at Rs.237.45
Aftek Infosys up 19.53 per cent at Rs.89.95
Hind Oil Exploration (HOEC) up 11.8 per cent at
Rs.59.6
Jayshree Tea up 6.86 per cent at 70.90
Assam Company up 9.74 per cent at Rs.27.60
AFT Industries up 6.68 per cent at Rs.79
Williamson Tea up 7.40 per cent at Rs.123.35
Dhunseri Tea up 11.27 per cent at Rs.16.80
Williamson Magor up 9.30 per cent at Rs.16.80
Tata Tea down 1.39 per cent at Rs.394.35
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Tata
MF to launch Dividend Yield Fund
Kolkata: Tata Mutual Fund has lined up a scheme
based on the concept of dividend yield. At least 70 per
cent of its assets will be under normal circumstances
invested in stocks that provide high dividend yield.
The
proposed Tata Dividend Yield Fund, according to the offer
document sent to SEBI for clearance, will choose scrips
that have a relatively high dividend yield. The latter
will be considered high if it is more than what was last
released or published by the BSE.
It
is generally believed that high dividend paying companies
are rich in terms of cash generations from their businesses.
Also, high dividend yield indicates underpricing for the
stock (in spite of the cash generation). This is said
to be critical for unlocking potential growth for the
stock price.
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