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Skindia GDR Index signals flat Nifty opening

27 Aug 09 10:47 AM
Money Control
The increase in the premium of the Skindia GDR Index by 0.24% on Wednesday’s over previous close indicates a flat Nifty opening. The Skindia GDR Index closed 1.53% higher on 26th August, 2009 at 2,196.87. Of the 15 components of the Skindia GDR Index, nine were up and six were down. The main gainers were Sterlite Industries (+5.08%; weight 9.96%), Mahindra & Mahindra (+3.22%; weight 2.02%) and Infosys (+2.62%; weight 22.97%) and the main losers were GAIL (-1.98%; weight 1.52%), Grasim Industries (-1.55%; weight 3.56%) and ITC (-1.42%; weight 0.85%).

Index components trading at maximum premium were Satyam Computers (22.44%), Tata Motors (18.89%) and State Bank of India (4.27%). Those trading at the highest discounts were Tata Communications (1.36%), Dr. Reddy’s (1.14%) and Infosys (0.86%).