Hindalco GDRs up 3.28%
ADR/GDR REPORT
| The gainers were Hindalco up 3.28 per cent to $31.50 registering volume of 25,000 GDRs, Reliance up 1.61 per cent to $31.50 registering volume of 111,500 GDRs and State Bank of India up 1.23 per cent to $41.00 registering volume of 1,300 GDRs. The only loser was Bajaj Auto down 0.21 per cent to $23.45 on volumes of 4,900 GDRs. |
| On the previous day, the ISDI, which represents the ADRs and GDRs of 15 actively-traded companies, closed down 1.21 per cent to 1,082.88 and was trading at a price to earnings multiple of 20.79 (down by 1.23 per cent). |
| Among the ISDI ADR stocks, two advanced and six lost ground. Among the ISDI ADRs and GDRs, there were eleven losers and four gainers. |
| The gainers were ICICI Bank, up 5.06 per cent to $16.00, registering volumes of 1,454,900 ADRs and Wipro up 3.55 per cent to $50.43 registering volumes of 98,600 ADRs. |
| The major losers were Satyam Computer, closing down 5.70 per cent to $23.31 registering volumes of 1,374,100 ADRs, followed by VSNL down 3.97 per cent to $7.49 with volumes of 162,400 ADRs and HDFC Bank down 3.67 per cent to $31.99 with volumes of 63,500 ADRs. |
| The GDR of ITC firmed up to $26.75 from $25.90, previously. However, the GDRs of Hindalco and Larsen & Toubro dropped to $30.13 and $23.41, respectively, as against $32.45 and $25.00, previously. |
| Meanwhile, elsewhere in the world, Asian stocks rose on Monday as tech shares followed in the wake of a tech rally in the US markets. The London FTSE is expected to be flat while the German DAX and French CAC-40 might open marginally higher. |
| Japan's Nikkei rose 1.65 per cent to close at a three-month high at 11,036.33 as investors snapped up electronics shares. |
| Shares in South Korea rose one per cent, shares in Australia rose 0.4 per cent, while Singapore was up 0.5 per cent. Hong Kong shares were flat in a holiday-shortened week. |