Ranbaxy, Sbi End Higher

The Instanex Skindia DR Index (ISDI), which tracks 15 actively-traded Indian depository receipts, was trading 1.24 per cent higher at 506.67 on Monday, as compared to the previous close at 5:00 PM IST.

Among Indian global depository receipts (GDRs), there were 4 gainers and 4 losers, while 54 others remained unchanged.

Among the gainers, Ranbaxy Laboratories was up 3.26 per cent at $14.25, State Bank of India gained 1.65 per cent to $14.80, Bajaj Auto rose 1.45 per cent to $10.50, and Hindalco added 0.08 per cent to $11.80.

The losers included Reliance (down 3 per cent to $11.98), Larsen & Toubro (down 1.52 per cent to $7.75), ITC (down 0.60 per cent to $13.35) and Gujarat Ambuja (down 0.30 per cent to $3.20).

Reliance witnessed heavy trading in the morning session today, registering volumes of around 1,50,000 GDRs.

On March 24, 2003, among Indian American Depository Receipts, 7 advanced and only 1 lost ground.

The major gainers were Wipro (up 11.11 per cent to $31.50), Infosys (up 5.18 per cent to $67.21) and VSNL (up 2.15 per cent to $3.32).

MTNL was the only loser. The scrip ended 0.24 per cent lower at $4.10.

On Friday, of the 15 Indian global depository receipts (GDRs), 7 gained and one declined, while 54 others remained unchanged.

The GDR of Mahindra & Mahindra surged 4.63 per cent to $2.26, while ITC rose 2.52 per cent to $13.43. State Bank of India also edged up 1.82 per cent to $14.56.

However, Ranbaxy Laboratories shed 3.16 per cent to $13.80.