L&T GDR UP 3.69%
ADR/GDR REPORT
| The major gainers were L&T up 3.69 per cent to $18.25 registering volumes of 17,000 GDRs, Hindalco up 1.81 per cent to $25.25 and SBI, up 1.40 per cent to $21.70 registering volumes of 23,000 GDRs. The only loser was Reliance, down 1.17 per cent to $21.05 with volumes of 50,000 GDRs. |
| The ISDI was up 0.85 per cent to 870.83 on the previous day and was trading at a price to earnings multiple of 15.96, up by 0.81 per cent. |
| Among the ISDI ADRs, five advanced and three lost ground. The major gainers were Infosys, up 2.98 per cent to $52.13, Dr Reddy's, up 1.02 per cent to $15.80 with volumes of 94,600 ADRs, and Wipro, up 0.94 per cent to $17.24 with volumes of 85,200 ADRs. |
| The losers were ICICI Bank, down 1.37 per cent to $12.20 registering volumes of 221600 ADRs, MTNL, down 0.61 per cent to $6.56 registering volumes of 35,900 ADRs, and HDFC Bank, down 0.32 per cent to $28.11. |
| Meanwhile the Dow Jones Industrial Average futures declined amid concern over slowing economic growth. Dow average futures expiring in September shed eight points to 10,165 in the morning, S&P 500 Index futures were unchanged at 1104.10, while Nasdaq-100 Index futures lost two points to 1368. Activity on the New York Stock Exchange has been below its three-month average the last 13 trading days. |
| In Asia, stocks advanced on expectations of a good growth in corporate earnings. |
| The Morgan Stanley Capital International Asia-Pacific Index advanced 0.8 per cent to 89.86, snapping a two-day, 0.5 per cent decline. |