Indian Stock Market Edges Higher

Author: 
Ruma Dubey, Arab News
Publication Date: 
Sun, 2004-09-12 03:00

BOMBAY, 12 September 2004 — On Monday the BSE closed at 5,246.23.

Zee Telefilms was one of the most active stocks of the day after it bagged BCCI’s rights for international and domestic cricket to be played in India for the next four years with an offer $308 million. Tata Motors also rose after the company stated that its vehicle sales for August 2004 had gone up by 21 percent and its exports more than doubled to 2,465 vehicles.

On Tuesday, the BSE closed at 5,264.67. Hindustan Lever was one of the major gainers. Tata Steel gained ground. Bharti Tele-Ventures saw selling.

On Wednesday, the BSE closed at 5,298. Trading volumes were brisk. Gains were led by cement and select auto shares.

MTNL was in the limelight after it announced a reduction in mobile tariffs.

On Thursday, the BSE closed up slightly over Wednesday’s closing.

Zee Telefilms was the biggest loser of the day after the Bombay High Court suggested ESPN-Star Sports and Zee Television network to submit fresh bids to the Registrar General of the High Court and said the highest bidder would bag the telecast rights of national and international cricket matches to be played in India between October 2004 and September 2008. On Friday, the BSE Sensex closed at 5,370.05. Gainers at 307 outnumbered losers at 184.

Gold was at Rs.6,120/- per 10 gms and silver was at Rs. 10,335/- per kg.

US dollar was at Rs.46.27, pound sterling at Rs. 81.69, euro at Rs. 55.88, UAE dirham at Rs.12.64, Kuwaiti dinar at Rs. 154.60, Bahraini dinar at Rs.122.05, Saudi riyal at Rs.12.37, Qatari riyal at Rs.12.74 and Omani riyal at Rs.118.92.

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