SBI GDR up 2.29%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 1.06 per cent to 1115.95 on April 19 in early morning trades. Among ISDI global depository receipts, four advanced and three lost ground.

The major gainers were SBI, up 2.29 per cent to $37.49, L&T, up 2.19 per cent to $22.43 and Hindalco, up 0.25 per cent to $28.20. The losers were Ranbaxy, down 0.55 per cent to $21.78, Bajaj Auto, down 0.17 per cent to $24.10 and Reliance, down 0.13 per cent to $23.67.

The ISDI, which tracks the ADRs and GDRs of 15 actively-traded companies, closed up 0.82 per cent at 1116.22 on April 18 and was trading at a price to earnings multiple of 17.88 (up 0.82 per cent).

Among ISDI ADRs, five advanced and three lost ground. The major gainers were ICICI Bank, up 87 per cent to $19.34, VSNL, up 2.29 per cent to $8.49 and Infosys, up 1.17 per cent to $61.17. The losers were Satyam, down 1.86 per cent to $21.59, Wipro, down 1.25 per cent to $18.11 and Dr Reddy's, down 0.90 per cent to $16.45.