© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.

com -
SATURDAY • MARCH 30, 2019
CHENNAI
₹8 • Pages 16 • Volume 26 • Number 76

PULSE PLUGGED OUT FOR THE PASSION OF POLITICS

Patients slip through the cracks The JSW Group has dropped plans to Makkal Needhi Maiam will field leaders who
of different government­run venture into the e­vehicle business do not consider politics a livelihood, but a
insurance programmes p2 due to uncertainty in the sector p3 call of duty, says founder Kamal Haasan p12
Ahmedabad Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam Regd. TN/ARD/14/2012-2014, RNI No. 55320/94

QUICKLY
ECONOMY
Forex reserves cross $406 billion
Mumbai, Marcy 29
The country’s foreign exchange reserves
continued to surge for the third week in a
row, adding $1.029 billion at $406.667
billion in the week to March 22, according
to Reserve Bank data. Forex reserves had
increased by $3.6 billion to $405.6 billion in
the previous reporting week driven by an
increase in foreign currency assets. For the
reporting week, foreign currency assets
increased by $1.031 billion to $378.805
billion, the RBI said. PTI
POCKET
Today’s issue carries a 24-page supplement
BLink (Tabloid) in select areas
Govt to up H1 borrowing plan to
₹4.42­lakh cr on rising repayments 
Fiscal deficit in first  of  Accounts  showed  that  fiscal
11 months of FY19
rises to 134% of RE  This is 134 per cent of the revised
on lower receipts  over  136  per  cent  of  the  Budget
OUR BUREAU
New Delhi, March 29
The  government  on  Friday  an­
nounced that it will borrow over
62 per cent of the Budget Estim­
ate  during  the  first  six  months
(April­September)  of  the  fiscal
year 2019­20 starting April 1. 
Borrowing  is  required  to  fin­
ance the fiscal deficit (the differ­
ence  between  expenditure  and
income) of the government. Nor­
mally,  it  is  frontloaded  during
the  first  half.  Meanwhile,  the
fiscal  deficit  for  the  first  11
months  of  the  current  fiscal  —
2018­19  ending  March  31  —  has
gone up to 134 per cent of the Re­
vised Budget Estimate. However,
the  government  has  expressed
confidence that it will be able to
limit  the  deficit  to  the  revised
target  of  ₹6.34  lakh  crore  or  3.4
per cent of the GDP.
Gross borrowing
After  getting  the  nod  from  the
Election Commission, Economic
Affairs  Secretary  Subhash
Chandra  Garg  announced  that
the  gross  borrowing  will  be
₹4.42  lakh  crore,  which  is  62.3
per  cent  of  the  ₹7.10  lakh  crore
(the  full  fiscal  number)  an­
nounced  in  the  Interim  Budget
last month.  years. There are also bonds with
“Gross  borrowing  is  on  the
slightly  higher  side  because  of
higher repayment,” Garg told re­
porters, adding that net borrow­
ing will be similar to the five­year
average.
The  government  will  make  a
repayment  of  ₹1.02  lakh  crore
during  the  first  half,  which
means the net borrowing will be
over  ₹3.40  lakh  crore.  The  bor­
rowing  will  be  spread  over  26
weeks  at  the  rate  of  ₹70,000
crore  a  week.  Similarly,  during
the  second  half,  the  gross  bor­
rowing will be ₹2.68 lakh crore,
out of which ₹85,000 crore will
be  used  for  repayment  and
₹50,000 crore for buyback.
Garg  also  announced  the  in­
troduction of a new benchmark
of  seven  years.  This  means  gov­
ernment bonds will mainly be in
the maturities of 1, 2, 5, 7 and 10
maturities  of  over  10  years  and
up  to  40  years.  There  will  be  a
change in the maturity brackets
too which will now be 1­4 years,
5­9  years,  10­14  years,  15­24  years
and 25 years or more.
Talking  about  treasury  bills,
the  Secretary  said  the  money  to
be mobilised through the instru­
ment would be ₹20,000 crore a
week. Out of this, ₹12,000 crore
will  be  used  for  repayment,
which  means  net  borrowing
through treasury bills would be
₹8,000 crore only.  the  government  move  closer  to
In  the  meantime,  data  re­
leased by the Controller General
deficit  for  the  first  11  months
jumped to over ₹8.51 lakh crore.
estimate  (₹6.34  lakh  crore)  and
Estimate  (₹6.24  lakh  crore)  for
the current fiscal. 
This higher deficit is originat­
ing mainly from receipt side. The
revenue  receipts  in  FY19  (April­
February)  were  73.2  per  cent  of
the revised estimates. Bharat ETF
and  PFC  buying  the  govern­
ment’s  stake  in  REC  have  resul­
ted  in  the  government  over­
shooting  the  ₹80,000­crore  tar­
get.  Implications grave, says
According  to  DK  Pant,  Chief
Economist  with  India  Ratings,
the space available in capital ex­
penditure  in  March  2019
(₹42,348  crore)  and  the  ₹5,000­
crore over­achievement  vis­a­vis
the  disinvestment  target  will
provide  some  buffer  to  the  gov­
ernment.  “However,  the  slow
pace of tax collection would keep
the pressure on the fiscal deficit.
A higher  GDP  number  than  the
one used in the Budget will help
the FY2019 fiscal deficit target of
3.4 per cent of the GDP,” he said.
British Prime Minister Theresa May speaking in the House of Commons in
London on Friday AFP
UK Parliament rejects May’s
stripped-down Brexit deal, again
PM; EU leaders to meet
on April 10 to discuss
future course of action
REUTERS
London, March 29
British  lawmakers  rejected  Prime
Minister Theresa May’s Brexit deal
for the third time on Friday, sound­
ing  its  probable  death  knell  and
leaving Britain’s withdrawal from
the European Union in turmoil on
the  very  day  it  was  supposed  to
leave the bloc.
The decision to reject a stripped­
down version of May’s divorce deal
has  left  it  totally  unclear  how,
when or even whether Britain will
Union on April 12,” she said.
The  British  pound,  which  has
been  buoyed  in  recent  weeks  by
hopes that the likelihood of an ab­
rupt  ‘no­deal’  Brexit  is  receding,
fell half a per cent after May lost, to
as low as $1.2977.
Third failure
It was a third failure for May, who
had  offered  on  Wednesday  to
resign if the deal passed, in a bid to
win over eurosceptic rebels in her
Conservative Party who support a
more  decisive  break  with  the  EU
than the divorce her deal offers.
It leaves May’s Brexit strategy in
tatters. With no majority in Parlia­
ment for any Brexit option so far, it
is unclear what May will now do.

PNB inks pacts to sell 13% in EC gives clean chit to PM

leave  the  EU,  and  plunges  the
three­year Brexit crisis to a deeper
level of uncertainty.
Options include asking the EU for a
long delay, parliament forcing an
election, or a “no­deal” exit.
French  President  Emmanuel

housing arm for ₹1,852 crore for ‘Mission Shakti’ speech

OUR BUREAU examining  the  complaint,  there
Voted against May
After  a  special  sitting  of  Parlia­
ment,  lawmakers  voted  344­286
against  May’s  585­page  EU  With­
Macron said the EU needed to ac­
celerate no­deal planning.
Dutch  Prime  Minister  Mark
Rutte  told  reporters:  “One  of  the
General Atlantic Group and Varde Partners  tegic stake of 19.78 per cent of the New Delhi, March 29 were  reports  that  Modi  had  men­ drawal  Agreement,  agreed  after two  routes  to  an  orderly  Brexit
paid­up capital of PNBHF (as on The  Election  Commission  (EC)  has tioned  Mission  Shakti  at  political two years of tortuous negotiations seems now to be closed. This leaves
to pick 6.5 per cent each in PNB Housing December 31, 2018) and shall con­
#3585

OUR BUREAU
Mumbai, March 29
Punjab National Bank  on Friday
said  it  has  entered  into  agree­
ments  to  sell  a  13.01  per  cent
stake  in  PNB  Housing  Ltd
(PNBHF)  to  General  Atlantic
Group  and  Varde  Partners  for
₹1,851.60 crore.
The two investors will pick up
about 6.50 per cent stake each in
the housing finance company at
₹850  per  share,  thereby  invest­
ing ₹925.80 crore each.
General  Atlantic  Group  is  a
global equity firm that provides
capital and strategic support for
growth  companies.  Varde  Part­
ners  is  a  global  alternative  in­
vestment adviser focussed on in­
vesting  capital  and  resources
across  multiple  segments  and
markets.  In  a  separate  stock  exchange
PNB,  in  a  stock  exchange  no­
tice,  said  it  has  entered  into
agreements in relation to two in­
dependent transactions — sale of
1,08,91,733  equity  shares  each  in
PNBHF to General Atlantic Group
and Varde Partners. As of Decem­
ber­end  2018,  General  Atlantic
Singapore Fund FII Pte Ltd (a for­
eign  portfolio  investor)  had  a
9.91 per cent stake in PNBHF.
“The  transactions  are  subject
to the satisfaction of customary
conditions,  including  receipt  of
applicable regulatory approvals.
Post  these  transactions,  PNB
would  continue  to  hold  a  stra­
tinue  as  a  promoter  and  stra­
tegic shareholder of PNBHF,” the
notice said.
notice, the bank said it has sold
its  entire  stake  of  42  lakh  unlis­
ted  equity  shares  in  Experian
Credit Information Company of
India  Pvt  Ltd  on  March  28.  The
bank,  however,  did  not  disclose
the amount it realised from the
sale.
The  stake  sales  in  PNBHF  and
Experian  are  part  of  the  bank’s
plan  to  monetise  non­core  as­
sets. PNB shares closed at ₹95.90
apiece, up 0.58 per cent over the
previous close on BSE.
PNBHF  shares  ended  at
₹865.70 apiece, up 4.36 per cent
over the previous close on BSE.
given  a  clean  chit  to  Prime  Minis­
ter  Narendra  Modi,  saying  his
speech  announcing  the  ‘Mission
Shakti’  project  did  not  violate  the
Model Code of Conduct (MCC).
In  a  report  filed  after  Modi  an­
nounced  on  March  27  that  India
had  successfully  tested  an  anti­
satellite  missile,  the  CPI(M)  had
contended that the speech was a vi­
olation  of  the  MCC,  which  is  in
place for the Lok Sabha elections.
In a complaint to the EC, Sitaram
Yechury,  General  Secretary,  CPI(M),
had said that such a mission would
normally  be  announced  to  the  na­
tion, and to the world, by the relev­
ant  scientific  authorities  such  as
the Defence Research Development
Organisation.
Interestingly,  even  as  the  EC  was
rallies around the country. with  the  bloc.  Within  minutes  of
the vote, European Council Presid­
Three key aspects ent and summit chair Donald Tusk
The  EC  examined  three  aspects  of said  EU  leaders  would  meet  on
the  case  —  whether  there  was  a  vi­ April 10 to discuss Britain’s depar­
olation  of  the  MCC,  (the  issue  of) ture from the bloc.
law  and  media.  It  collected  mater­ The  EU  executive,  the  Commis­
ial  from  All  India  Radio  and sion, said that “a ‘no­deal’ scenario
Doordarshan  to  decide  on  the on April 12 is now a likely scenario”,
matter. May  had  told  Parliament  that
Meanwhile,  the  EC  has  asked the vote was the last opportunity
NITI  Aayog’s  Vice­Chairman  Rajiv to ensure Brexit would take place.
Kumar to submit his reply by April She  cautioned  that  if  the  deal
2,  on whether his criticism of Con­ failed,  then  any  further  delay  to
gress  President  Rahul  Gandhi’s  an­ Brexit  would  probably  be  a  long
nouncement  of  NYAY,  a  minimum one beyond April 12. “I fear we are
basic  income  scheme,  as  a  poll reaching the limits of this process
promise  was  a  violation  of  the in  this  House,”  May  told  Parlia­
MCC.  ment.  “The  implications  of  the
Kumar had sought time till April House’s decision are grave.”
5 to submit his reply. “The legal default now is that the
UK  is  due  to  leave  the  European
only the other route, which is for
the British to make clear what they
want before April 12.”
May’s deal had twice been rejec­
ted by huge margins this year and,
although she was able to win over
many Conservative rebels.
Next  Monday,  lawmakers  who
have  tried  to  grab  control  of  the
process will attempt to agree on an
alternative  Brexit  plan  that  could
command  majority  cross­party
support in parliament, something
largely  unheard­of  in  Britain’s
political system. The defeat means
Britain now has under two weeks
to convince the 27 capitals of the
EU that it has an alternative path
out of the impasse, or see itself cast
out of the bloc from that date with
no deal on post­Brexit ties with its
largest trading ally.

Nirav to continue in jail as bail

plea fails to cut ice with UK court
Govt leaves interest rate on small­saving schemes unchanged
OUR BUREAU among  the  salaried  class  can tions  of  the  Shyamala  Gop­
New Delhi, March 29 be attributed to the tax bene­ inath  panel,  interest  rates  on
VIDYA RAM April  26  for  a  brief  hearing, The  Finance  Ministry  on  Fri­ fits  they  offer.  Though  there these  schemes  are  reviewed
London, March 29 while  the  prosecution  has day said it has decided to keep has been no change in the in­ before  the  end  of  every
Nirav  Modi,  the  main  ac­ been set a deadline of May 24 the  interest  rate  unchanged terest rate, these schemes still quarter and new rates are an­
cused  in  the  $2­billion  Pun­ to  serve  papers.  The  judge  – on  small­saving  schemes  for offer  higher  returns  com­ nounced for the next quarter. 
jab National Bank fraud case, who  at  the  start  of  proceed­ the  three­month  period  be­ pared to bank deposits.  In  an  effort  to  reflect  mar­
has  been  denied  bail  for  a ings  concurred  with  the  de­ ginning April 1. The  unchanged  interest ket  trends,  the  rates  are
second  time  at  Westminster fence’s  criticism  of  the  state The  announcement  covers rate  means  the  NSC  (five aligned with those on govern­
Magistrates Court, despite of­ of  the  papers  –  called  for small­saving schemes such as years)  and  the  PPF  (15  years) ment bonds of similar matur­
fering  to  wear  an  electronic “clean documents” to be sub­ Post  Office  Saving  Accounts, will  fetch  8  per  cent  interest, ities  with  certain  spread,
tag and up to £1 million in se­ mitted, with a “proper index” Post Office Time Deposits, Na­ while money deposited in KVP which  will  be  maximum  for
curity  as  the  prosecution  as­ and “proper” pagination.  tional  Saving  Certificates will double in a little over nine the  senior  citizen  saving
serted he had “threatened to Arbuthnot and Clare Mont­ (NSC),  Public  Provident  Fund years. At the same time, if one scheme. 
kill”  a  witness,  and gomery, the defence (PPF),  Kisan  Vikas  Patra  (KVP) is parking money in a fixed de­ Though the yield on 10­year
had destroyed evid­ barrister,  had  ex­ and Sukanya Samriddhi.  posit  with  a  maturity  of  five government bonds has  come
ence  in  an  effort  to pressed  their  dis­ One can participate in these years with State Bank of India, down,  lowering  the  rate  dur­
curtail his case.  may  at  the  state  of schemes through post offices, he/she  will  get  6.85  per  cent. ing the election season might
While  acknow­ the  paperwork  in­ though many banks, too, offer Senior  citizens  will  get  half  a prove costly. This explains the
ledging  “inconsist­ dex  and  numbering the  PPF  account  facility.  The per cent more: 7.35 per cent. Finance Ministry’s decision to
encies”  in  the  evid­ submitted  to  them popularity  of  these  schemes Based on the recommenda­ keep the rates unchanged.
ence  of  those by India – with Arbu­
making  such  alleg­ thnot  telling  the
ations  pointed  to court,  in  jest,  that
by  the  defence they  had  “almost”
(who  had  insisted
there  was  no  flight Nirav Modi
risk  and  that  Modi
made her cry.
The  interference
and  threat  allega­
With 178 farmers in fray, it will be jumbo ballot papers in Nizamabad
had  treated  the  UK  as  a tions  were  one  of  several  ar­ Ryots are contesting tions for the Nizamabad Lok where as many as 185 candid­ nerative  prices  they  have are contesting now than ori­ “There are 185 contestants
“haven”  where  his  case guments  presented  to  the Sabha  constituency  a  little ates are in the fray.  been  getting  for  their  tur­ ginally  planned.  Earlier,  vil­ in the fray in Nizamabad. So,
would be “fairly considered’), court  by  barrister  Toby  Cad­ polls to highlight daunting.  Over  90  per  cent  of  these meric  and  red  jowar. lage  development  commit­ we  will  be  conducting  the
Chief  Magistrate  Emma  Ar­ man, acting on behalf of the farm distress due  The  Commission  is  cur­ contestants are farmers who Nizamabad is a leading pro­ tees in the constituency had elections  using  ballot  pa­
buthnot  said  she  was  deny­ Crown  Prosecution  Service rently  busy  making  arrang­ have  decided  to  file  their ducer  of  turmeric.  Over  the decided  to  field  1,000  can­ pers. Ballot papers have been
ing  bail  because  of  the  risk (which  is  representing  In­ to poor prices ments for printing ballot pa­ nomination  as  a  mark  of last one year, the price of the didates.  However,  the  num­ used in the State in 1996 and
he would fail to surrender to dia).  He  told  the  court  there pers  for  the  constituency, protest against the un­remu­ commodity  has  fallen  to ber later came down to 500, 2010  and  also  in  the  recent
the  court  and  his  “lack  of was  a  “substantial  risk”  that KV KURMANATH ₹5,000 from ₹10,000. and then to 180.  Gram  Panchayat  elections
community ties.” Modi  would  “flee,  interfere Hyderabad, March 29 And  they  could  not  have held two months ago,” Rajat
She  noted  the  substantial with  witnesses,  interfere Everyone  knows  that  con­ chosen a better constituency Second only to Nalgonda Kumar,  Chief  Electoral  Of­
amount involved in the fraud with  evidence  in  order,”  to ducting general elections in than Nizamabad to draw at­ Besides  candidates  from  re­ ficer  (CEO)  of  Telangana,
charges in India, as well as in­ prevent the case against him a country of India’s size and tention to their plight as it is gistered  political  parties,  as said.
dications  that  he  could  seek proceeding.  He  rejected  de­ complexity  is  a  Herculean here  that  K  Kavitha,  Telan­ many  as  178  farmers  are  in The  size  of  the  ballot  pa­
to  move  elsewhere  –  such  as fence  suggestions  that  Modi task,  and  the  Election  Com­ gana Chief Minister and Tel­ the  fray.  This,  political  ob­ per and the number of boxes
his  attempt  to  gain  invest­ had  not  travelled  anywhere mission  of  India  (EC)  has angana  Rashtra  Samithi servers  say,  is  the  second required  will  be  decided
ment­based  citizenship  on abroad  since  the  allegations pulled  it  off  with  elan,  time President  K  Chandrashekar biggest  number  after  the soon. 
the  South  Pacific  island  of had surfaced. “In fact, he trav­ and  again.  But  even  the  EC, Rao’s daughter, is seeking re­ 480 candidates who stood in The CEO, however, sees no
Vanuatu. elled to New York in February despite its splendid track re­ A farmer filing his nomination paper in Nizamabad Lok Sabha election.  the  Nalgonda  constituency difficulty in conducting elec­
He  is  set  to  appear  before of this year,” Cadman said. cord, may find holding elec­ constituency KV RAMAN However,  fewer  farmers during the 1996 elections.  tions in the constituency.
the  judge  by  video  link  on Also read p4

CM . ........ .....CH-CHE
YK
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
CHENNAI

2 PULSE BusinessLine
SATURDAY • MARCH 30 • 2019

CAPSULES
As Ayushman Bharat juggernaut rolls on, mind the gaps
Patients slip through the cracks of different X
W the  Government  needs  to  ensure  a  mu­
“Can you recall a situation where a tual  recognition  of  the  different  insur­
government-run insurance programmes patient is turned away from the All ance covers across the country. “Can you
India Institute of Medical Sciences recall  a  situation  where  a  patient  is
PT JYOTHI DATTA Bharat website as empanelled hospitals. or Tata Memorial Hospital because turned  away  from  All  India  Institute  of
But here too, Prakash’s AB card was not Medical  Sciences  or  Tata  Memorial  Hos­

EBOLA OUTBREAK
WHO promises Congo all help
As the Ebola outbreak in the Democratic
Republic of the Congo (DRC) approaches
1,000 cases amid increased violence, the
World Health Organization reaffirmed its
commitment both to ending the outbreak
and working with the government and
communities to build resilient health
systems. Since the outbreak was declared
in August 2018, there have been 993
confirmed and probable cases and 621
deaths in North Kivu and Ituri provinces.
More than 96,000 people have been
vaccinated against Ebola in DRC, along with
health workers in Uganda and South
Sudan. As of March 21, 38 of 130 affected
health areas have active transmission.
More than 44 million border screenings
have helped to slow the spread of Ebola in
this highly mobile population. No cases
have spread beyond North Kivu and Ituri
provinces, and no cases have crossed
international borders, the WHO said.
P
rakash*  and  Seema  Yadav*  were
crestfallen  on  being  told  by  the
doctor at a hospital in Bihar that
their one­year­old had a congen­
ital heart disease that needed surgery at
the earliest. This cannot be done in Bihar,
he  said,  advising  the  parents  to  take  the
first train out and get it done at a better
equipped hospital in Delhi or Mumbai.
As the family dealt with the sadness of
having  to  put  their  infant  through  sur­
gery, Prakash was hopeful that the cost
would  be  taken  care  of,  as  they
were covered by the Centre’s Ay­
ushman  Bharat  health  insur­
ance programme. LEAD
That  comfort  unfortunately
was not to be when Seema and
STORY
the  increasingly  unwell  infant
arrived in Mumbai, Prakash’s place
of work. Public hospitals were bursting
at the seams  with patients and children.
And  private  hospitals  were  beyond  his
pocket. And to his rude shock, Prakash dis­
covered  that  his  Ayushman  Bharat  (AB)
card was not acceptable to them.  get more hospitals on board.
Eventually,  Prakash  was  given  the
names of private and charitable health in­
stitutions  that  were  on  the  Ayushman
accepted.  Instead,  he  was  told  that  only
the  Maharastra  state  insurance  scheme
would  be  applicable.  Unfortunately,
Prakash  had  not  taken  that  cover  as  he
had  been  told  it  was  reserved  only  for
those hailing from the State.
Falling  through  the  cracks  between
Central and State insurance programmes,
Prakash  is  now  running  from  pillar  to
post,  besides  cobbling  together  ₹2  lakh
and more, to get the baby’s surgery done
in any hospital that would do it with the
urgency it merits.
This  harrowing  experience  is
all  too  familiar  in  healthcare.
But  the  added  disappointment
of falling in the insurance blind­
spot  of  different  Government
programmes  is  getting  reported
from  other  States  too,  say  people
working  with  hospitals  and  healthcare
agencies across the country. This is a basic
gap that the Centre needs to fix, as the Ay­
ushman  Bharat  programme  completes
six  months  and  continues  its  journey  to
Independent  health  researcher  Ravi
Duggal observes that instances are being
reported of patients not getting the finan­
cial support they were entitled to for sys­
temic  reasons,  including  one  Govern­
ment  cover  not  being  recognised  in
another  State.  Private  hospitals  and  doc­
tors were reluctant to get onto the AB pro­
gramme,  as  they  find  it  badly  designed,
not  capturing  their  realities  in  terms  of
costs. And for those on the scheme, there
was the standard rumble on delayed pay­
ments, he says.
they belong to a different State?”
Unwilling  to  be  named,  the  head  of  a
charitable  hospital  keen  on  becoming
part of  the AB programme suggests that
the Centre have different pricing, depend­
ing on whether the medical procedure is
done in a rural area, a small city, or a large
metro. The costs that a large hospital has
to bear in a large city increase manifold —
from  the  electricity  cost  to  other  inputs,
nurse and supporting staff costs, to name
a few, he points out. The reason why State
health insurance works with fewer prob­
lems is because it has better pricing struc­
tures and payments, he says.
The  roll­out  of  AB  was  not  without  its
glitches  and  the  Centre  has  been  in  dia­
logue with private hospitals and doctors
to iron out differences on pricing, for in­
stance.  be  empanelled  to  accept  any  Govern­
Many healthcare specialists are uncom­
fortable  with  the  insurance  model  that
takes care of an individual only when hos­
pitalised.  They  urge  the  Government,  in­
stead, to pursue a universal healthcare ap­
proach where out­patient treatments are
also covered. But till such time, given that
the AB juggernaut is on the roll, they say,
pital  because  they  belong  to  a  different
State?”  asks  Indranil  Mukhopadhyay,  a
health economist and Assistant Professor,
OP  Jindal  University,  on  the  absurd  situ­
ation where different Government­run in­
surance programmes are not recognised
within the same country.
‘Unnecessary complication’
As  patients  get  enrolled  in  Government
insurance  programmes,  premiums  are
paid to companies, but patients still don’t
get the benefit of free healthcare, he says,
despite  payments  being  made.  “We  are
complicating  matters  that  are  quite
simple,”  says  Mukhopadhyay,  bringing
the attention back to basics in terms of in­
vesting in and upgrading primary health
centres  and  public  hospital  infrastruc­
ture. Hospitals across the country should
ment­run  health  insurance  programme,
he says. The present system of discrimin­
ating between different Government­run
health insurance programmes only takes
the country one step away from offering
universal healthcare to all its people.
*Names changed to protect identity of the
patient family

BY INVITATION LENS ON HEALTH

Choking investment will give Cyclone and after

INFLAMMATORY ARTHRITIS
USFDA nod for injection treatment
teeth to fight against tobacco
The United States Food and Drug
Administration has approved Cimzia It’s time for #ustoo loan books of over $1.9 trillion and law or policy that prevented insur­
insurance  premiums  of  over  $190 ance companies from investing in
(certolizumab pegol) injection for movement in billion.  tobacco  firms.  While  LIC  may  de­
treatment of adults with a certain type of
investments By  choking  investment,  this fend itself on legal grounds, it is on
inflammatory arthritis called non-
unique  initiative  could  hit  big  to­ a weak  wicket,  both  morally  and
radiographic axial spondyloarthritis (nr-
bacco where it hurts. Finance has so ethically.
axSpA), with objective signs of
far been the missing piece in this Interestingly, this petition omit­
inflammation. This is the first time that the
fight. Big tobacco has prospered, at ted  the  important  investor  cat­
FDA has approved a treatment for nr-axSpA.
least in part, as a result of continued egory of tobacco stocks — mutual
“The approval fulfils an unmet need for
financial investment. funds  that  own  shares  in  tobacco
patients suffering from non-radiographic
The Pledge encourages signator­ companies. It would be imperative
axial spondyloarthritis as there has been no
ies to consider the adoption of to­ to  address  this  critical  gap  on  a
FDA-approved treatments until now,” said RAJEEV VARMA
bacco­free  finance  policies  across priority.
Nikolay Nikolov, FDA’s Center for Drug
lending, insurance and investment, The country needs ethical invest­
Evaluation and Research. Nr-axSpA is a type
In  October  2018,  a  major  develop­ in line with the United Nations’ Sus­ ing to combat tobacco and an #us­
of inflammatory arthritis that causes
ment in Australia escaped the atten­ tainable  Development  Goals  and too movement by corporates who A mother stands with her children at an evacuation centre in Dondo, about 35 km north of
inflammation in the spine and other #3585

symptoms. There is no visible damage seen
on x-rays, so it is referred to as non-
radiographic.
COMING UP
World Health Day
Universal health coverage is the World Health
Organization’s number one goal and it is the
focus this World Health Day,
April 7.
The key to achieving it is in
ensuring that everyone can
obtain the care they need,
when they need it, right in
the heart of the community.
Progress is being made in
countries in all regions of the world, and yet
millions of people still have no access at all to
healthcare. Millions more are forced to choose
between health and other daily expenses such
as food, clothing and even a home. Healthcare
workers will have an important role to play in
this campaign, helping decision-makers for
health recognise what people need in terms of
care, particularly at the primary-care level.
MY FIVE
Ravinder Singh
CO-FOUNDER AND COO, 1-INDIA FAMILY MART
‘Live like you never
need a vacation’
tion  of  Indian  news  media  and
tobacco  activists  alike.  An  epoch­
making moment, it signifies a big
shift in the fight against tobacco.
The  Australia­based  not­for­
profit,  Tobacco­Free  Portfolios,
launched the world’s first ‘Verified
Tobacco­Free’ certification stamp. It
will be rolled out in Australia this
year.  make its mark in India.
The stamp will indicate whether
a financial institution is investing
money in killer tobacco, the single
largest  preventable  cause  of  early
death,  according  to  the  World
Health Organization.  sought  the  court’s  directions
It all began in 2010 when Bron­
wyn  King,  a  radiation  oncologist,
discovered that her industry super­
annuation fund was investing in to­
bacco. Having seen at close quarters
the devastating effect of tobacco­re­
lated diseases, she set up Tobacco­
Free  Portfolios  to  free  the  finance
sector from tobacco.  continue to invest in ITC.
The results are truly astounding
— in  October  2018,  $1.3  trillion  in
funds under management in Aus­
tralia were tobacco­free.  facts. Tobacco is responsible for 13.5
The launch of ‘Verified Tobacco­
Free’  certification  stamp  was  pre­
ceded by a high­level side event dur­
ing the UN General Assembly week
in September 2018 — The Tobacco­
Free Finance Pledge.
Co­sponsored by the French and
Australian  governments,  the
Pledge currently has 140 founding
signatories and supporters, includ­
ing  financial  institutions  from
the  World  Health  Organization
Framework Convention on Tobacco
Control  (FCTC),  an  international
treaty for promoting public health.
LIC investment in spotlight
While  the  movement  to  make  in­
vestment in tobacco ‘uncool’ gath­
ers momentum globally, it is yet to
A beginning was made in a pub­
lic interest litigation in April 2017,
which  highlighted  the  govern­
ment’s violation of the FCTC by
directly  investing  in  ITC  and
to  public  sector  insurance
companies  to  sell  their  hold­
ings  in  tobacco  companies.
The  petition  argued  that
while  the  government  is
committed  to  combating
tobacco and its harmful ef­
fects,  insurance  companies
“Life”  Insurance  Corporation’s
(LIC) investment in ITC is paradox­
ical,  to  say  the  least.  Consider  the
lakh deaths in India every year. The
total economic costs attributable to
tobacco use from all diseases in In­
dia in the year 2011 for persons aged
35­69  amounted  to  a  staggering
₹1,04,500 crore($22.4 billion).  health  challenge?  Hopefully,  2019
According to ITC’s 2018 Business
Report,  LIC  holds  16.26  per  cent
shares  and  the  second  position
among  the  top  ten  investors.  Im­
portantly,  cigarettes  account  for
will stand up and proudly proclaim
that they do not invest in tobacco. It
is vital that the financial umbilical
cord is severed — to save countless
lives and costs associated with to­
bacco­related diseases. It makes for
good economics too. Globally, the
annual cost of  tobacco  is
estim­
ated  at
$1  tril­
lion while
global  tax
revenues are estimated to be $269
billion.  ies  to  perform  mammography
An  analysis  by
Deutsche Asset & Wealth
Management  and  Hamburg
University  of  2,200  empirical
studies showed that the business
case for environmental, social and
governance (ESG) investing is well­
founded.  mammography  for  the  detec­
As this movement gathers steam,
companies will find it increasingly
difficult to stand up to critical scru­
tiny and continue investing in to­
bacco. It does make for bad optics.
Will Indian corporates and state­
owned  companies  rise  to  this
will herald this change and set the
stage for the #ustoo movement.
The writer is a health
communications specialist and
Beira, Mozambique. Five cases of cholera have been confirmed in the country, following the
recent cyclone that ravaged it, killing at least 468 people. Mozambique faces a “second
disaster” from cholera and other diseases, the World Health Organization has warned AFP
FROM THE REGULATOR
Updates to mammography rules
Mammograms  continue  to  be
the best primary tool for breast
cancer  screening.  The  United
States Food and Drug Adminis­
tration (USFDA) certifies facilit­
and it clears and approves new
mammography devices for sale
in the US.
Congress  enacted  the  Mam­
mography  Quality  Standards
Act (MQSA) in 1992 to ensure all
women  have  access  to  quality
tion of breast cancer in its early,
most  treatable  stages.  Always
look for the MQSA certificate at
the  mammography  facility,
which  is  required  to  be  dis­
played,  and  indicates  that  the
facility  met  the  national
baseline  standards  for  mam­
mography.  To  continue  to  pro­
tect women's health, the FDA is
proposing updates to the mam­
mography  regulations  to  re­
flect  advances  in  mammo­
derstand  language,  of  their
A mammogram is a series of
low­dose  X­ray  pictures  of  the
breasts. Getting a regular mam­
mogram is the best way to find
breast  cancer  early,  because  it
can show growths in the breast
or other signs of breast cancer
when they are too small for you
or  your  healthcare  provider  to
feel  them.  Regular  screenings
to ask your healthcare provider
when  and  how  often  you
should  schedule  a
mammogram.
More information
If you’re worried about how the
procedure  feels,  you  should
know that most women do not
find  it  painful.  Some  women
may  find  the  pressure  on  the
breast  uncomfortable,  but  it
lasts for only a few seconds.
FDA  regulations  already  re­
quire that facilities provide pa­
tients a summary, in easy­to­un­
mammography  results  within
30 days after the mammogram,
and that they make reasonable
attempts  to  communicate  the
results as soon as possible if in­
dications  of  potential  cancer
are  found.  The  proposed
changes  attempt  to  give  more
information  to  the  individual
and  healthcare  provider  to

1 I  begin  my  day  at  6  am  with  an

hour­long  yoga  session  —  a  habit  I
have  maintained  from  a  young  age
across  the  world,  collectively  rep­
resenting  assets  under  manage­
52.08 per  cent  of  ITC’s  gross
turnover. LIC defended its holding
former Senior Communications
Officer with the WHO India. Views
graphy  technology  and
processes since the current reg­
are  important,  and  the  risk  of
breast cancers varies from per­
make an informed decision.

ment of over $7.1 trillion, corporate in ITC Ltd saying that there was no are personal ulations were published. son to person, so it's a good idea Source: USFDA

—  followed  by  a  3­km  walk.  Post
working  out,  I  enjoy  a  healthy
breakfast  and  catch  up  by  reading
the  papers.

2 Being  vegetarian,  I  try  to  include  as

many  nutritious  fruits  and
vegetables  in my  diet  as  possible
and  avoid  carbohydrates  and  junk
food  completely  —  a  habit  I
maintain  even  when  travelling.
3 I’m  an  avid  fan  of  Team  India  and
try  to  play  cricket  at  least  six  days
a  week  with  my  employees.  This
allows  me  to  get  to  know  my  staff
and  introduces  some  leisure  time
into  strenuous  office  hours  too!
You  should  have  a  life  from  which
you  never  need  to  take  a  vacation
—  while  I  adopt  this  philosophy,  I
love  to  travel  and  visit  a  new
destination  every  year.
4 A  few  hours  of  me­time,  away  from
technology,  is  a  must.  Taking  walks
and  listening  to  my  favourite
musicians  —  Kishore  Kumar  and
Nusrat  Fateh  Ali  Khan  —
rejuvenates  me.
Vitamin D3 maker looks for its place in the sun
Fermenta Biotech says plans are brewing to inavian  milk  sector,  for  instance, .... in North America you can fortify ledge  emerged  on  benefits  bey­ tion,  with  their  metallic  taste
use  Fermenta’s  Vitamin  D3,  he milk with Fermenta’s D3,” he says, ond it being good for the bones. masked, and capable of being bet­
expand its nutritional ingredients basket says, adding that selling into regu­ explaining  what  emboldened Revelations  on  the  high  preval­ ter  absorbed  into  blood,  Nagre
lated  markets  requires  quality them to up their game to other nu­ ence of Vitamin D3 deficiency even says.
PT JYOTHI DATTA
“We should be the oldest company
Explaining  the  long  run  with
Vitamin D3 , Nagre saysother mul­
products, compliant with interna­
tional regulatory standards, and a
tritional ingredients. in sunny countries were shocking,
because a few minutes’ exposure
“Innovation is a beautiful thing
as it does not depend on the size of
in  Vitamin  D3,  in  active  produc­ tinational companies in this seg­ well­oiled distribution machinery.Beyond bone health to the sun can give you natural Vit­ a company  but  the  thought,”  he
tion, on this planet,” says Prashant ment  had  gone  through  itera­ Recalling the rise and rise of Vit­
“We are part of large milk forti­ amin D3 for many days, he says. says. With two production facilit­
Nagre, without a shadow of doubt. tions,  name  changes  and  so  on. fication  programmes  in  the amin D3’s importance in daily life, With  growing  awareness,  the ies  in  Kullu  (Himachal  Pradesh)
Nagre  is  Chief  Executive,  Fer­ But DIL had a continuous stint, he world, as we have (the) approvals he says it grew as scientific know­ cost of diagnostic tests to check for and Dahej (Gujarat), Fermenta in
menta Biotech Ltd, a subsidiary of says, of the company that also gave D3 came down and more informa­ January acquired land in Sayakha
DIL or Duphar­Interfran Ltd, as it the local market brands like Cro­ tion emerged that showed that D3 (Ankleshwar, Gujarat) to support
was  earlier  known.  A  company cin  and  Lacto  Calamine.  These deficiency had linkages to chronic its  expansion  into  minerals  like
with a legacy of 60­odd years and a have since gone on to a new life un­ conditions like cardio­vascular ail­ iron,  calcium,  zinc  and
journey dotted with alliances and der present owners GlaxoSmithK­ ments,  diabetes,  mental  health manganese.
intuitive tech transfers that gave it
an edge, DIL now stands poised for
line  and  Piramal  Enterprises,
respectively.
and infertility. 
Looking to tap into opportunit­
Nagre’s  plan  is  for  a  World
Health  Organization­compliant
a merger of Fermenta with itself.  Operating  in  the  business­to­ ies including nutraceuticals, pre­ production facility for minerals in
The  decision  reflects  the  com­ business segment, Fermenta sells mixed  formulations  that  can  be the  country,  for  example,  so  the
pany’s aim to paint a wider canvas its Vitamin D3 to other food, phar­ used by food or pharma compan­ formulation can be used by Gov­
in health by expanding its nutri­ maceutical  and  nutrition  com­ ies or Government initiatives, Fer­ ernments to include in their food

5 My  day  comes  to  an  end  with  a

game  of  chess  or  table  tennis  with
my  son  and  some  quality  family
time.  After  a  light  dinner  at  9.30
pm,  I  usually  read  till  I  fall  asleep.
tional  ingredients  basket  to  in­
clude  anti­oxidants,  next­gen
“smart” mineralsand pre and pro­
biotics, for example.
panies that use it in their products
sold  across  markets.  Canadian
companies in the infant nutrition Sun ‘n’shine Operating in the business-to-business segment, Fermenta
menta seeks to build its portfolio
with  vitamins  and  minerals  that
are  smart  and  stable,  water­sol­
programmes that target health is­
sues in the local population. 
Much  lies  ahead  for  this  Vit­
space  and  players  in  the  Scand­ sells its Vitamin D3 to other food, pharma and nutrition companies ISTOCK uble, causing less stomach irrita­ amin D3 maker.

CM . ..... . . . ..CH-CHE
YK
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
CHENNAI

BusinessLine
SATURDAY • MARCH 30 • 2019 NEWS 3

QUICKLY

H&M products on Myntra, Jabong

JSW Energy calls off GAIL, BHEL to
jointly develop
solar projects
L&T set to float new
industrial IoT initiative
New Delhi, March 29
H&M India, which launched its online store last
year, has signed a deal to sell its products on
e-commerce platforms Myntra and Jabong. In a
electric vehicle plans OUR BUREAU
New Delhi, March 29
GAIL  (India)  Ltd  and  Bharat
L&T-Nxt will help
clients use digital
Y
Z

statement, Karl-Johan Persson, CEO, H&M

Group, said: “India is a growth market with
large potential and we look forward to making
our brand available to new customers across
the country. Myntra and Jabong will be an
important complement to H&M’s existing
physical and digital stores in India.” OUR BUREAU
USFDA clears Indoco’s Goa plant
New Delhi, March 29
Indoco Remedies said on Friday the USFDA has
cleared its Goa-based sterile manufacturing
facility for finished dosages. The change in the
inspection classification status from ‘Official
Action Initiated’ to ‘Voluntary Action Initiated’
for Indoco Remedies by USFDA signifies that
the site has come out of the warning letter
issued to the site in March 2017, it said. PTI
Ola enters three more UK cities
London, March 29
Taxi hailing app Ola said on Friday it has
expanded its service footprint to three more
cities in the UK — Liverpool, Reading, and
Birmingham. The company started service in
UK from Cardiff in August 2018. It then started
operations in Bristol in October, followed by
Bath and Exeter in November. Ola plans to
expand operation across North England and
the Midlands in the coming months. PTI
Uncertainties in the
sector prove a major
deterrent, says firm
OUR BUREAU
Mumbai, March 29
The  JSW  Group  has  dropped
plans to venture into the electric
vehicle (EV) business due to the
uncertainties  associated  with
the sector.
Despite having no experience
in vehicle manufacturing, Sajjan
Jindal,  Chairman  of  the  JSW
Group, had made a surprise an­
nouncement  two  years  ago  to
enter  the  EV  business  —  includ­
ing energy storage and charging
infrastructure — through its sub­
sidiary JSW Energy.
However,  JSW  Energy,  in  a
statement after a board meeting
on Friday, said the group has al­
ways embarked on new business
opportunities keeping a balance
between growth aspirations and
prudent risk management.  former chairman of General Mo­
In this context, it added, given
higher­than­anticipated  uncer­
tainties  associated  with  the  EV
Sajjan Jindal, Chairman of the JSW
Group, had made a surprise
announcement two years ago to
enter the EV business
business, the board has decided
not  to  pursue  it.  It  wishes  to
maintain  capital  cushion  for
growth  opportunities  in  power
and  other  related  businesses,  it
said.
Last  May,  JSW  Energy  had  in­
creased its capex plan to ₹6,500
crore  from  ₹3,500  crore  to
launch  electric  buses  and  light
pick­up trucks apart from cars. It
had  appointed  Sergio  Rocha,
tors Korea, Uzbekistan and Viet­
nam, as the  Chief Operating Of­
ficer of its EV project.
As  of  the  December  quarter,
JSW  Energy’s  consolidated  net
debt  was  at  ₹10,686  crore,  and
the company is in the process of
paring it.  statement said, GAIL shall be the
Capital commitments
Meanwhile, group company JSW
Steel  is  awaiting  final  approval
from  the  NCLT  to  acquire  the
stressed  Bhushan  Power  and
Steel for ₹19,350 crore.  during  the  initial  period  upon
The  company  has  already  ac­
cepted the letter of intent exten­
ded  by  Bhushan  Power’s  com­
mittee  of  creditors.  It  has  to
pump  in  another  ₹350  crore  to
revive the steel mill’s operations.
The company’s effort to bring
in  a  joint  venture  partner  to
close  the  Bhushan  Power  deal
looks  bleak,  as  the  Insolvency
and  Bankruptcy  Code  has  no
provision to get a new partner at
the final stages.
Apart  from  buying  the
stressed  asset,  JSW  Steel  has  an­
nounced  plans  to  invest
₹30,000  crore  in  brownfield
projects over the next two finan­
cial years.
Heavy Electricals Ltd (BHEL) will
be  working  together  to  develop
solar power projects.
Under  the  deal,  a  company
project developer and BHEL shall
act  as  an  engineering,  procure­
ment,  construction  and  project
management contractor.  the path of global giants such as
BHEL shall also provide opera­
tion  and  maintenance  services
becoming a successful bidder.  solutions to help improve the ef­
The  two  will  jointly  pursue
commercial solar power projects
through  participation  in  tariff/
Viability  gap  funding­based
competitive  bidding  processes,
the statement added.
GAIL is expanding its presence
in  renewable  energy.  The  com­
pany  has  India’s  second  largest
rooftop  solar  PV  power  plant  at
its  petrochemical  complex  at
Pata, Uttar Pradesh.  five­year strategic plan.
BHEL  has  a  portfolio  of  more
than  700  MW  and  is  the  only
company  in  India  that  has  the
capability  to  manufacture  the
entire range of solar equipment,
said the statement.
technologies to
boost efficiency
VARUN AGGARWAL
Mumbai, March 29
Engineering  and  construction
conglomerate  L&T  is  following
GE,  Siemens  and  ABB  to  go  bey­
ond  infrastructure  and  offer  in­
dustrial  Internet  of  Things  (IoT)
ficiency  of  industrial  units  with
the help of digital technologies.
It is launching a new initiative,
L&T­Nxt, which will focus on arti­
ficial  intelligence,  IoT,  virtual
reality,  augmented  reality,  geo­
spatial solutions and cybersecur­
ity,  and  leverage  the  experience
that  L&T  has  garnered  over  the
decades. L&T­Nxt has been identi­
fied as a select initiative in L&T’s
With this move, L&T intends to
enter  the  elite  group  of  global
MNCs that not only build large in­
frastructure  projects  but  also
help  other  manufacturing  and
engineering companies improve
efficiencies  with  the  help  of  di­
gital  technologies.  GE,  for  ex­
ample,  started  ‘Industrial  IoT’
“Couple of thousand is what
we'll be looking to hire (for
L&T-Nxt) as of now.”
JD PATIL
Senior EVP (Defence Business) and
Member of Board, L&T
Z
Y
ing at efficiency enhancement as
well. That’s where we thought we
need  to  get  our  domain  know­
ledge and digital experience that
we’ve mastered internally and of­
fer it as an additional offering.” 
Patil  said  the  company  has
been working to build these tech­
nologies for the past three or four
years  and  already  has  a  team  of
about 200 people. But now they’ll
be expanding rapidly. 
“Couple  of  thousand  is  what
we’ll be looking to hire as of now.
But  in  two  years  time,  we  could
have a different number. There’s a
huge  amount  of  interest  we’ve
seen in the market for a holistic
solution.  One  would  build  de­

Bigbasket joins Unicorn club with $150-m Series F funding back in 2012 and now expects the

global  potential  of  the  business
to be around $225 billion by 2020.
pending on the quantum of busi­
ness,” Patil said. 

Alibaba, Mirae, CDC
invest in latest round
SANGEETHA CHENGAPPA
Bengaluru, March 29
Online  grocer  Bigbasket  has  raised
$150 million in Series F funding, cata­
pulting it into the Unicorn league of
private companies that are valued at
over $1 billion.  crore while its losses decreased 58.72
Last  February,  Bigbasket  had
raised  $300  million  in  a  Series  E
round led by Alibaba at a $900­950­
million valuation.  a little over $1 billion in investments
In  the  latest  round  of  funding,
South  Korean  investment  firm
Mirae Asset has put in $59.9 million,
China’s Alibaba.com — which is Big­
basket’s  largest  shareholder  —  has
contributed  $50  million  and  the
UK’s  CDC  Group  PLC  has  invested
Bigbasket has raised a total of $1 billion in funding across 13 rounds. This file
photo shows a worker at a Bigbasket warehouse in Bengaluru BLOOMBERG
$40  milllion,  as  per  RoC  filings  ac­
cessed by business intelligence plat­
form  paper.vc.  With  this,  Bigbasket
has raised a total of $1 billion in fund­
ing in 13 rounds.
Alibaba’s  share  in  Bigbasket  has
gone  up  to  26.26  per  cent  while
Mirae now holds 5.31 per cent share
and CDC, 3.54 per cent.  in 2015 with $245 million raised, fol­
“Following  this  Series  F  invest­
ment led by Alibaba, our estimate of
the post­money valuation of Bigbas­
ket is $2.28 billion,” said Vivek Durai,
founder  of  paper.vc,  who  is  of  the
view that this investment round was
led by Alibaba despite Mirae putting
in  the  largest  amount.  “We  believe
the  company  will  likely  raise  more
money as part of this Series F finan­
cing,” he said.
Revenue increase
Bigbasket posted a 34.08 per cent
increase in revenue in FY18 at ₹1,605
per cent to ₹272 crore, according to
regulatory filings.
Online grocery start­ups attracted
from 2015 to 2018, witnessing a spike
lowed by a funding drought in 2016
and  2017  with  $171  million  and  $49
million respectively.
It then picked up steam with $543
million  raised  in  2018,  as  per  data
#3585
from  research  and  analytics  plat­
form Tracxn.  portunity of up to $12 billion. In­
Pointing out that the biggest op­
portunity  in  India  lies  in  the  food/
grocery space, Arvind Singhal, CMD
of  Technopak,  said:  “Around  $10­15
billion  will  be  pumped  in  by  ex­
ternal  investors  over  the  next  few
years into the Indian food and gro­
cery market, which presents a whop­
ping $400­billion opportunity.”  quickly with the help of augmen­
Rajeev  Banduni,  CEO  of  London­
headquartered  GrowthEnabler
Global, is of the view that the food
and grocery market will see further
segmentation and customisation as
the  sector  moves  from  offering
shopping  convenience  to  catering
to customer preference for organic,
sustainable, farm fresh and specialty
foods, and this will open up more av­
enues for niche players.
In India, IoT can present an op­
dustrial IoT is expected to repres­
ent a larger share of the market
than consumer IOT, according to
a report by the Internet and Mo­
bile  Association  of  India and
Deloitte.
“When you use digital, you can
ensure people are trained in skills
ted  reality  and  virtual  reality
tools.  Other  technologies  use
sensors to improve efficiencies in
manufacturing  plants,”  JD  Patil,
Senior  Executive  Vice­President
(Defence  Business)  and  Member
of  the  Board,  L&T,  told  Business-
Line. “We have been doing this in­
house so far to improve our effi­
ciency but whenever we speak to
customers, we see they are look­
Independent entity
L&T’s  two  listed  IT  services  com­
panies  —  L&T  Infotech  and  L&T
Technology Services — already of­
fer  several  of  these  services  to
global clients. 
However,  Patil  said  the  new
unit will remain independent of
the two IT companies within the
group and would look at not just
services but also building out di­
gital  platforms  for  large  manu­
facturing  units,  building  hard­
ware and software for them and
also offering consulting services. 
“LTI  and  LTS  will  continue  to
work  with  existing  customers.
The new unit will remain an inde­
pendent unit. If we win a big con­
tract,  within  L&T,  we  share  each
other’s  resources.  We  obviously
pay for that,” Patil said. 

India is now highest contributing Nissan to hike

international market for Haier
Firm to set up new plant at Greater Noida
for fridges, ACs and washing machines
OUR BUREAU
New Delhi, March 29
Haier  India  aims  to  become  a
billion­dollar company and be
among the top three brands in
the home appliances segment
by 2020.  will  enable  us  to  double  our
The  company,  which  has
completed  15  years  here,  says
India  has  emerged  as  the
highest  contributing  interna­
tional market for brand Haier.
Besides Haier, the Chinese dur­
able  major  owns  a  cluster  of
seven brands including GE Ap­
pliances, Fisher & Paykel, Aqua
and Candy globally.
Haier  India  is  setting  up  its
second  industrial  park  at
Greater  Noida  with  an  invest­
ment of about ₹3,070 crore, for
which the ground breaking ce­
remony was held on Friday.
Eric  Braganza,  President,
Haier  India,  said:  “This  will  be
be crucial for us to support our
ambition  to  grow  our  sales,”
said Braganza.
The company will also be set­
one  of  the  largest  industrial ting  up  an  R&D  centre  at
parks  and  will  give  a  huge Greater Noida. “While we have
boost to our production capa­ a small R&D set­up in Pune, the
city in India. It will have an an­ major  support  for  R&D  was
nual  production  capacity  of  2 coming from our parent com­
million  refrigerators,  which pany. Now, we will be investing
in  our  own  R&D  centre  at  the
overall  refrigerators  produc­ Greater  Nodia  facility,”  he
tion  capacity  in  India.”  Nearly added.
40  per  cent  of  the  company’s Talking about the company’s
annual turnover is contributed journey in India, Braganza said,
by refrigerators currently. “Our focus has been on bring­
The new plant will also have ing  innovative  products  that
an annual capacity to produce meet  the  Indian  consumers’
1.5  million  washing  machines needs, whether it was bringing
and 1 million air­conditioners. in  the  bottom­mounted  refri­
The plant is expected to begin gerators  or  launching  the
operations by next year­end.  washing  machines  range  that
can operate in near zero pres­
Sales growth sure water conditions.” Besides
“We  believe  by  next  year  our focusing  on  bringing  innova­
manufacturing facility at Pune tions in its existing categories,
will be running at 100 per cent the company will look at mak­
capacity.  Hence  this  manufac­ ing  a  play  in  the  smart  home
turing capacity expansion will automation segment next year.
Retail chain More to invest
Datsun GO, GO+
prices in April  Centre and RBI orders on stressed assets
PRESS TRUST OF INDIA
New Delhi, March 29
Automaker  Nissan  India  said
on  Friday  it  will  increase  the
price  of  Datsun  GO  and  GO+
models  by  up  to  4  per  cent
with effect from April 1.  The  Shipyards  Association  of
“With  a  rise  in  input  costs
and several economic factors,
we  are  making  a  nominal
price  adjustment  to  our  Dat­
sun GO and GO+ models,” Nis­
san Motor India Director Sales
and  Commercial  Hardeep
Singh  Brar  said  in  a
statement.
Datsun  GO  is  currently
priced  at  ₹3.3­5.2  lakh  while
GO+ is tagged at ₹3.9­5.9 lakh
(ex­showroom Delhi).
On Thursday, M&M had an­
nounced a ₹5,000 to ₹73,000
price  increase  for  its  passen­
ger  and  commercial  vehicles
from  April.  Earlier  this  week,
French carmaker Renault also
announced an up to 3 per cent
increase  in  the  price  of  the
KWID range.  of  India’s  top  private  yards  —
Shipbuilders’ body moves apex court to quash
SAI petition says the orders give the govt,
central bank unfettered powers
P MANOJ
Mumbai, March 29
India  (SAI)  has  dragged  the
Centre  and  the  RBI  to  the  Su­
preme Court, seeking “special
provisions”  to  resolve  the
acute  financial  stress  facing
the shipbuilding industry.  “Under such circumstances, a
In a petition filed before the
apex  court,  the  20­member
group  —  that  includes  L&T
Shipbuilding Ltd and Reliance
Naval  and  Engineering  Ltd  —
has  sought  the  court’s  direc­
tion to quash and set aside cir­
culars  issued  by  the  Finance
Ministry in 2017 and the RBI in
2018  on  the  resolution  of
stressed  assets  outside  the
mechanism of the Insolvency
and Bankruptcy Code (IBC).
The  legal  challenge  comes
days after the collapse of two
Bharati Defence and Engineer­
ing Ltd and ABG Shipyard Ltd.  powers upon the Central gov­
While a bankruptcy court in
Mumbai  had  ordered  the  li­
quidation  of  Bharati  in  Janu­
for  ABG.  The  adverse  impact
on  the  shipbuilding  industry
is expected to also have a cas­
cading effect on the ancillary
industries  including  direct
and indirect employment. 
Pragmatic view
pragmatic view is required to
be  taken  to  safeguard  the  in­
terests of about five lakh fam­
ilies  directly  or  indirectly  de­
pendent on these yards,” said
the petition.
SAI has challenged the gov­
ernment’s  powers  to  author­
ise the RBI to issue directions
to any bank to initiate insolv­
ency  proceedings  as  per  IBC,
and the RBI’s powers to issue
directions to any bank for the
resolution of stressed assets.  realistic, unachievable and ar­
These are ultra vires Article
14  of  the  Constitution,  since
they  confer  “unfettered
ernment to authorise the RBI
to  issue  any  directions,  lead­
ing to arbitrariness and abuse
X
W
The legal challenge
comes days after the
collapse of two of India’s
top private yards —
Bharati Defence and
Engineering and ABG
Shipyard (in pic)
12, 2018 mandates banks to ini­
tiate  insolvency  proceedings
against  companies  having
debt of above ₹2,000 crore in
case  the  debt  is  not  resolved
within 180 days by approval of
100 per cent (all) lenders.
The 180­day timeline is “un­
bitrary  because  even  under
IBC,  the  timeline  for  resolu­
tion of a company is 180 days
plus 90 days”, the SAI petition
said.
Besides,  by  mandating  the
approval  of  100  per  cent  of
implementation  of  a  resolu­
tion plan (outside the scope of
IBC) within an already unreal­
istic timeline of 180 days, it ad­
ded. 
In  contrast,  a  resolution
plan  under  IBC  has  to  be  ap­
proved by only 66 per cent of
the committee of creditors.
Consent of lenders
“With  the  RBI  circular  not
providing  any  limitation  on
the  reasons  for  refusal  that
can  be  given  by  a  lender,  any
lender with minimum expos­
ure  can  derail  the  entire  pro­
cess  since  the  consent  of  all
lenders is required under the
RBI  circular,”  the  Association
contended, according to court
papers  reviewed  by
BusinessLine.
It further said lenders of the
respective  companies  have
not  come  forward  before  the
court, objecting to and oppos­
ing its petition. 
“This itself shows that they
are still attempting to resolve
the  debt  outside  IBC.  But  the
RBI  circular  has  coerced  the
lenders to approach the NCLT,
failing which, appropriate ac­

₹1,000 cr over five years  ary, a similar process is under
way in a court in Ahmedabad
of power”, said the petition.
The RBI circular of February
lenders, the RBI has created a
further  impediment  to  the
tion  would  be  taken  by  the
RBI,” it added.

PRESS TRUST OF INDIA

Greater Noida (UP), March 29
Aditya  Birla  Group’s  retail
chain  ‘More’  plans  to  invest
around  ₹1,000  crore  to  scale
up  its  operations  in  the  next
five years, a top company offi­
cial said on Friday.
The  retail  chain,  in  which
US­based  e­commerce  major
Amazon  and  Samara  Capital
jointly  invested  around
₹4,200 crore last year, also ex­
pects  its  turnover  to  grow
three­fold in five years.
According  to  Aditya  Birla
Retail  CEO  Mohit  Kampani,
More has now become a debt­
free  company,  which  is  help­
ing the retail chain to expand. 
“The mandate from our our
board  is  that  in  the  next  five
years,  the  company  has  to
grow  three  times.  That’s  our
target,” he said.
More  has  a  turnover  of
around  ₹4,500  crore  at
present, he added.
“You  can  expect  our  super­
market count to grow to 1,200
Aditya Birla Retail plans to
expand ‘More’ by three times in
five years
from  600.  And,  as  for  hyper­
markets, you can expect us to
grow  five  times  from  today,
which  would  be  120­125
stores,” he added.
BusinessLine
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Suven Life gets product
patents in South Korea,
Europe, Sri Lanka
PRESS TRUST OF INDIA
New Delhi, March 29
Suven Life Sciences said on Friday it has been
granted  a  product  patent  each  in  Eurasia,
Europe, South Korea and Sri Lanka for a new
chemical entity used in the treatment of dis­
orders  associated  with  neurodegenerative
diseases.
These  patents  are  valid  through  the  year
2034, the company said in a BSE filing.
“We are pleased by the grant of these pat­
ents to Suven for our pipeline of molecules in
the CNS arena, which are being developed for
cognitive disorders with high unmet medical
need with a huge market potential globally,”
Suven Life CEO Venkat Jasti said.
The granted claims of patents are being de­
veloped  as  therapeutic  agents  useful  in  the
treatment  of  cognitive  impairment  associ­
ated with neurodegenerative disorders such
as Alzheimer’s disease, Huntington’s disease,
Parkinson’s and schizophrenia, it added.

CM . ... .. . . ...CH-CHE
YK
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
CHENNAI

4 NEWS BusinessLine 
SATURDAY • MARCH 30 • 2019

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TRAI seeks views on OSP registration

New Delhi, March 29
Telecom regulator TRAI on Friday began an
industry-wide discussion to review terms and
conditions for registration of other service
providers (OSPs) offering services such as
tele-banking, tele-medicine, tele-education,
e-commerce, call centre, and other IT-enabled
services. In its latest consultation paper — that
was initiated following a specific reference
from the Telecom Department — TRAI raises
nearly three dozen questions to examine the
existing procedure of OSP registration. TRAI has
sought stakeholders’ view on multiple aspects
ranging from validity of registration to
registration charges, and from connectivity
and interconnectivity aspects, to security
conditions. PTI
‘Boost ties with Europe, Oceania nations’
New Delhi, March 29
The Commerce Ministry on Friday underlined
the need for realising the huge untapped trade
potential with European and Oceania countries
that have emerged as the major sources of
investment. India has made efforts in the
recent past to take economic ties to the next
level and there is a need to take these efforts to
a logical conclusion, it said in a statement.
Quoting Commerce Secretary Anup
Wadhawan, it said that like most trade
negotiations between developing and
developed countries, trade talks with the
European Union and Oceania have been
protracted. Oceania countries include
Australia and New Zealand. PTI
Hopes dim for ‘24x7 Power for All’ from April 1
Poor financial health of Discoms poses a
key hurdle; only Delhi has a law in place
TWESH MISHRA
New Delhi, March 29
The  government’s  promise  of
24x7  power  supply  for  all  from
April 1 may remain a dream, go­
ing by the poor financial health
of the power distribution utilit­
ies (Discoms).  that 24x7 power for all may hap­
While  Delhi  is  the  only  State
that  has  come  out  with  an  en­
abling  legislation,  the  poor
health  of  Discoms,  unpredict­
able  coal  supply  position  and
multiple  lacunae  in  the  power
distribution sector have come as
a roadblock for the other States,
including  Uttar  Pradesh,  Bihar,
Karnataka and Telangana.  While  those  in  the  urban  areas
Former  Power  Secretary  Uma
Shankar  told  BusinessLine that
though  there  has  been  an  in­
crease  in  the  number  of  house­
holds connected and in hours of
power supply to them,  the 24x7
target from April 1 looks difficult
because  of  the  financial  health
of the Discoms.
“While the country’s installed
generation capacity to meet the
needs  of  all  households  is  ad­
equate,  the  financial  health  of
Discoms is such that they cannot
procure  that  much  electricity.
There  have  been  reports  that
there may be a second leg of Dis­
com reforms, a UDAY II, to bring
about improvement in their fin­
ancial  condition.  It  is  only  then
pen,” he said.  when  the  power  demand
Twin challenges
“Billing  and  metering  remain  a
challenge  across  the  country.
The  condition  is  worse  in  rural
areas where  Discoms  do  not
have  enough  personnel  for
metering  and  bill  collection.
cannot  live  without  electricity,
inhabitants  in  the  rural  hinter­
lands  still  do  not  find  a  power
cut  unusual,”  an  official  monit­
oring the progress of ‘Power for
All’ said.
In 2017, the Ministry of Power
had  announced  that  there  will
be  24x7  power  supply  for  all
across the country by end­March
2019.  This  deadline  was  consist­
ently  repeated  in  multiple  in­
ternal  consultations  and  Minis­
The Centre has always maintained that the onus of providing sustained power supplies will be on the State
government- controlled power distribution utilities
ter  of  State  (Independent
Charge) for Power and New and
Renewable  Energy,  RK  Singh  re­
affirmed  the  Centre’s  commit­
ment  for  the  same  as  late  as
February.
But,  the  Centre  has  always
maintained  that  the  onus  of
providing sustained power sup­
plies will be on the State govern­
ment­  controlled  power  distri­
bution  utilities.  “There  is  no
constraint  to  supplying  24x7
power on the generation side or
on  the  transmission.  There  are
two main issues that pose a chal­
lenge to the goal,” Director­Gen­
eral of Association of Power Pro­
ducers,  Ashok  Kumar  Khurana,
said.
“The  first  is  the  payment  cap­
ability of Discoms. With dues of
over  ₹41,500  crore  piling  up
from power generation compan­
ies, the Discoms may find it fin­
ancially  unviable  to  continue
supplying power at tariffs which
are  not  cost­reflective.  The
second  challenge  is  the  inad­
equate  coal  supply  position  in
the country,” Khurana said.
While the Centre has claimed
that the coal supply position has
improved,  the  sector  watchers
maintain that the high stock po­
sition  is  a  seasonal  phe­
nomenon.  According  to  power
generation  companies,  the
higher  coal  stocks  diminish
increases.
Delhi’s performance
Till  now,  Delhi  is  the  only  State
that  has  managed  to  comply
with  the  Centre’s  diktat  of  cull­
ing gratuitous load shedding by
Discoms. This has been done by
enforcing a penalty for unsched­
uled power cuts.
“There is no load shedding in
Delhi.  This  is  despite  Delhi’s
peak  power  demand  breaking
all  previous  records.  On  July  10,
2018,  it  touched  7,016  MW,  the
highest ever recorded in the his­
tory  of  the  city.  In  fact,  Delhi’s
peak power demand is substan­
tially  more  than  that  of  several
cities and States,” an official at a
private power distribution com­
pany said.

CAD widens to 2.5% of India wants EU to relax sampling norms, Private power producers seek

GDP in third quarter reduce clearance time for fish exports
OUR BUREAU
Mumbai, March 29
India’s current account deficit
widened to $16.9 billion in the
October­December  2018
quarter against $13.7 billion in
the year ago quarter, primarily
on  account  of  higher  trade
deficit.
Current  account  deficit
(CAD) arises when a country’s
total  imports  of  goods,  ser­
vices  and  transfers  is  greater
than  exports.  As  a  percentage
of  GDP,  CAD  in  the  reporting
quarter (Q3FY2019), rose to 2.5
per cent, against 2.1 per cent in
the year ago quarter.
It  was  however  lower  vis­a­
vis  preceding  quarter’s  $19.1
billion (2.9 per cent of GDP)
The  widening  of  CAD was
primarily  on  account  of  a
higher trade deficit at $49.5 bil­
lion as compared with $44 bil­
lion  a  year  ago,  according  to
Reserve  Bank  of  India’s  state­
ment on ‘Developments in In­
dia’s Balance of Payments’.
Net  services  receipts  in­
creased by 2.8 per cent on a y­
o­y basis to $21.3 billion, mainly
on  the  back  of  a  rise  in  net
earnings from telecommunic­
ations, computer and informa­
tion services, and financial ser­
vices.  Union  (EU)  to  make  its  mar­
Private  transfer  receipts,
mainly  representing  remit­
tances  by  Indians  employed
overseas,  amounted  to  $18.7
billion,  increasing  by  6.3  per
cent from their level a year ago.
In  the  financial  account,  net
foreign  direct  investment  at
$7.5 billion in Q3 of 2018­19 in­
creased from $4.3 billion in Q3
of 2017­18.
Portfolio  investment  recor­
ded net outflow of $2.1 billion
in Q3 of 2018­19 — as compared
with an inflow of $5.3 billion in
Q3 last year — on account of net
sales in the equity market.
Net inflow on account of ex­
ternal  commercial  borrow­
ings  increased  to  $2  billion,
from  $0.3  billion  a  year  ago.
Non­Resident Indian (NRI) de­
posits  nudged  up  only  $139
million against $3.32 billion.
In Q3 FY19, there was a deple­
tion  of  $4.3  billion  in  foreign
exchange  reserves  as  against
an accretion of $9.4 billion in
the year ago period.
AMITI SEN
New Delhi, March 29
India has asked the European
ket  friendlier  for  Indian  ex­
porters  of  fisheries  by  redu­
cing  the  sampling  frequency
of exports to 10 per cent from
50  per  cent,  allowing  the  de­
listed  establishments  that
have  improved  their  prac­
tices to be listed again and re­
ducing the clearance time for
marine  exports  at  the
Customs.
Fearing that there were in­
adequate  measures  in  some
aquaculture  farms  to  ensure
that  the  quality  regulations
of the EU were being adhered
to,  the  bloc  had  raised  the
sampling  frequency  for  In­
dian exports from 10 per cent
to 50 per cent.
“The  increased  frequency
of  testing  added  to  the  costs
of  exporters  and  affected
their competitiveness,” an of­
ficial pointed out.
Two audit processes
Since 2016, the EU has carried
out  two  audits  of  the  pro­
The EU is the third largest market for India’s seafood exports
#3585
cesses  followed  in  the  coun­
try and India has given all the
necessary clarification on the
audit  findings.  “The  Com­
merce  Ministry  has  now
asked  the  EU  to  consider
lowering  the  sampling  fre­
quency to 10 per cent as in the
past,” the official said.
The  EU  is  the  third  largest
market for India’s seafood ex­
ports.  India’s  exports  of  sea­
food to the EU in 2017­18 were
valued  at  $1.11  billion  with
shrimps  being  the  major  ex­
port  item.  Its  total  export  of
fisheries during the year was
at $7.1 billion.
Senior  officials  from  the
Commerce  Ministry  dis­
cussed problems faced by In­
dian exporters, including the
fisheries  sector,  at  a  meeting
with  their  counterparts  in
Brussels some time ago.
Trade concerns and oppor­
tunities  were  also  discussed
with  the  EU  and  Oceania
countries,  including  Aus­
tralia and New Zealand, in an
interaction  with  Ambassad­
ors and High Commissioners
this week.
India  also  wants  the  15  es­
tablishments  delisted  by  the
Export Inspection Council, as
per  the  recommendation  of
the European Commission as
their  consignments  were
found  to  be  non­compliant,
to  be  listed  again.  “Now  that
these  establishments  have
taken  steps  to  rectify  non­
compliance  and  EIC  has  re­
commended  listing  of  the
EIC,  the  EC  should  allow  it,”
the official said.
Long clearance time
Another issue being faced by
fisheries  exporters is  a  relat­
ively  long  clearance  time  at
Customs  which  has  gone  up
to 15­30 days as compared to 7
days earlier, according to the
Commerce Ministry.
India  has  asked  the  EU  to
restart  electronic  clearance
and  reduce  the  clearance
time  as  it  attracts  huge  de­
murrage  cost  for  exporters
and  consignments  get
delayed.
TReDS to clear ₹41,240­cr dues 
PRESS TRUST OF INDIA
Mumbai, March 29
Private power producers have
urged the government to con­
sider  extending  the  trade  re­
ceivables  discounting  system
(TReDS) applicable for MSMEs
to  them  to  help  resolve  their
payment  woes,  which  are  to
the tune ₹41,240 crore.
In a letter to Power Secretary
Ajay Kumar Bhalla, the Associ­
ation  of  Power  Producers  on
Friday said the delay in recov­
ery  of  receivables,  especially
regulatory receivables, has cre­
ated stress on their finances as
it  impacts  their  ability  to  ser­
vice debt and severely restricts
working capital liquidity.
According to the letter, as of
end­January, the amount of re­
ceivables due from discoms is
to the tune of ₹41,240 crore, of
which dues from sale of power
are  around  ₹17,246  crore,
while dues stuck in litigation
are  worth  ₹17,128  crore  and
nearly  ₹6,865  crore  of  receiv­
ables  are  pending  despite
adjudication.
“We  urge  the  Power  Min­
istry to take expeditious action
on this issue to help avoid cre­
ate  more  NPAs  and  to  ensure
the  availability  of  adequate
power  during  the  summer
which is also the election sea­
son,”  APP  Director­General
Ashok  Khurana  said  in  the
letter.
He  further  said  since  the
government  has  taken  meas­
ures to address the receivables
situation  for  MSMEs  through
the TReDS, extending the same
to  them  will  be  of  immense
help.  Moreover,  the  RBI  has
also  issued  guidelines  for  im­
plementing the system.
“We believe a similar system
would  greatly  ease  current
stress on private power produ­
cers  and  we  request  the  min­
istry  to  consider  implement­
ing  the  same  for  us  as  well,”
Khurana said.
It  may  be  recalled  that  the
Power Ministry had suggested
a similar  system  to  the  em­
powered  committee,  which
had proposed formulation of a
proposal  for  tri­partite  agree­
ment  for  discounting  bills  of
power producers.
A senior official at a private
producer  said  if  the  discoms
are unable to make timely pay­
ments,  it  will  severely  impact
the sector in the long­run.

Nirav Modi made death threats, offered SC fixes April 23 Assessing Officer can suo motu extend time

bribe to witness: Prosecutor tells UK court
VIDYA RAM
London, March 29
Barrister Toby Cadman, acting
on  behalf  of  the  Crown  Pro­
secution  Service  (represent­
ing  India),  told  the  Westmin­
ster  Magistrates’  Court  that
there was a “substantial risk”
that Nirav Modi, the main ac­
cused in the $2­billion Punjab
National  Bank  fraud  case,
would  “flee,  interfere  with
witnesses, interfere with evid­
ence in order” to prevent the
case against him proceeding.
Cadman  pointed  to  the  re­
sources  at  Modi’s  disposal,
which were demonstrated by
factors such as his application
for  an  investment  pro­
gramme as a route to citizen­
ship  in  the  Pacific  island  of
Vanuatu (which was declined
by authorities there). “Due to
nature of the business he had
at his disposal diamonds gold
and  pearls,”  the  Court  also
heard.
Cadman  said  while  Modi
had been in talks to hand him­
self in voluntarily, he had “not
cooperated  with  authorities
in  any  way.”  “Due  to  the
nature  and  seriousness  of
these  charges,  the  value  and
resources  available  to  him,
there  would  be  an  over­
whelming  desire  to  flee  the
jurisdiction…and  he  has
shown a willingness to inter­
fere  in  the  administration  of
justice to influence witnesses
and  destroy  evidence,”  he
said.
The  extraordinary  allega­
tions were levelled during the
hearing, at which Cadman al­
leged  that  Ashish  Lad,  a  dir­
ector  of  Unity  Trading  FZE,
who had given a witness state­
ment  to  Indian  authorities
against  Modi,  had  received  a
phone  call  from  Modi  who
had  threatened  to  kill  him  if
he  provided  a  witness  state­
ment. Lad was also offered ₹2
million  to  provide  a  false
statement.  The  prosecution
also  alleged  that  mobile
phones  and  a  server  “critical
to  the  case”  had  been  des­
troyed  at  Modi’s  behest.  If
Modi was released, there was
a risk  further  evidence  could
be destroyed, he warned.  emerged  “quite  unexpec­
The defence challenged this
argument,  pointing  to  al­
leged  inconsistencies  in  his
account,  as  well  as  of  other
witnesses.  They  also  argued
that these arguments related
to past behaviour and circum­
stances had moved forward in
a way  that  meant  such  con­
cerns were no longer relevant.
Montgomery  —  the  barris­
ter who had represented Vijay
Mallya  —  insisted  that  Modi
had the same right to bail as
someone  in  a  domestic  case,
even  given  the  magnitude  of
the amounts involved, as was
the  case  in  many  high­value
fraud  cases.  “The  type  of  per­
son  who  is  generally  caught
up  in  that  sort  of  allegation
does  not  have  a  long  history
of criminal conduct…they do
not have underworld connec­
tions  ­they  are  generally  law
abiding  and  that  is  true  for
Modi  as  it  is  for  many  other
people,”  she  told  the  court.
“The reality is that the size and
nature of these allegations is
not  a  safe  touchstone  by
which you can judge if he is li­
able to flee.”  London  who  recognised  him
He had even less of an abil­
ity than a UK national to flee
the UK, she said, and been less
desire  to  do  so.  “He  has  re­
mained in the UK since before
the allegations were made in
India  and  has  not  sought  to
travel  since  he  arrived  here,”
she  told  the  court.  “He  has
treated  the  UK  as  a  haven
where  his  case  will  be  fairly
considered,”  Montgomery
told the court. By contrast his
case  had  acquired  a  “notori­
ety” in India and led to allega­
tions that were ‘not justified”.
He had been in the UK for “le­
gitimate  business  purposes”
when  the  problems  in  India
tedly,” she said.
Also  in  attendance  at  the
hearing were three members
of  the  joint  CBI  and  Enforce­
ment  Directorate  team  —  at
least one of whom had experi­
ence  working  on  the  Mallya
case.
Investor visa
Sources  have  confirmed  that
Modi  is  in  the  UK  on  an  in­
vestor  visa  that  he  obtained
before  the  fraud  allegations
surfaced  and  was  issued  in
2015.  The  UK  investor  visa  al­
lows those who invest at least
£2 million in UK government,
shares  or  businesses,  to  ob­
tain it a faster route to settle­
ment in the UK. Eighty­two In­
dian nationals applied for an
investor  visa  through  this
route  between  2008  and
March  2018,  according  to
Transparency International.
Last  week,  things  took  an
unexpected turn as Modi was
arrested  by  police  after  a  tip
off  by  an  Indian­origin  bank
clerk  at  the  Metro  Bank
branch in Holborn in central
following  the  wave  of  publi­
city  around  the  case.  Modi’s
legal team had been in touch
with the Metropolitan Police’s
extradition  unit,  and  there
had  been  plans  for  him  to
hand himself over voluntarily
by appointment this week.
for final hearing
of I-T case against
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opposed  by  the  Income  Tax the  department’s  interests. peals  by  assessees  who  had moto,  when  the  application Investment. Join our Whatsapp
Department. The  amendment  empowers contended that the AO had no has not been submitted by the group. Ct: 8754494914
A Bench  of  Justices  DY the AO to extend the deadline jurisdiction  or  authority  un­ assessee  is  clarificatory  in EARN 30% in 1 day. See Proof.
www.financeexperts.co.in Ph:
Chandrachud  and  Hemant for the audit report either suo der  Section  142  (2C)  before nature  and  has  retrospective
9940531222
Gupta said it is listing the mat­ moto  or  on  an  application April 1, 2008, to extend time for application.  This  decision  has
ter for final disposal on April 23. from  the  assessee  but  within the submission of the audit re­ put  this  controversy  to  rest HOTELS
The  I­T  probe  against  the  Con­ a­180 day period from the dir­ port  without  an  application, now.  The  earlier  Delhi  High ANGLO FRENCH Resorts, Yercaud.
gress  leaders  has  arisen  from ection of the special audit. the  Supreme  Court  overruled Court decision on this subject anglofrenchresorts.com 9786522022
the investigation into a private “We  have  come  to  the  con­ the  judgment  of  a  Division wherein  the  power  has  to  be
criminal complaint filed by BJP clusion  that  the  provisions  of Bench of the Delhi High Court held  to  be  prospective  has
leader Subramanian Swamy. Section 142(2C) ..., as they stood in  Commissioner  of  Income been reversed.”
Cement firms’ profits under pressure 
despite demand growth: ICRA
OUR BUREAU companies could not secure any should improve,” he said. 
Mumbai, March 29 significant price increases amid However,  capacity  overhang
The  sharp  increase  in  cement significant  cost  pressure,  said is likely to keep the utilisation at
sales in the last 10 months of this ICRA.  moderate levels of 69 per cent in
fiscal is unlikely to result in a ma­ Sabyasachi Majumdar, Senior this fiscal and 71 per cent in FY20,
jor turnaround in cement com­ Vice­President,  ICRA,  said he added.
panies’ profitability due to their volume  growth  should  be Cement  prices  in  most  mar­
inability to pass on the rise in in­ around 8 per cent next fiscal on kets were down by 3­8 per cent in
cremental costto consumers. the back of focus on affordable the first 11 months of this fiscal.
The cement industry had re­ housing demand and improved This,  along  with  higher  input
gistered  a  production  increase focus  on  infrastructure  seg­ costs,  had  put  pressure  on  the
of  13.6  per  cent  to  276  million ments mainly road, metro and profitability of the cement com­
tonnes  in  the  first  10  months irrigation projects. panies. “The price increase and
largely driven by demand from “We expect capacity addition cost easing is too recent to have a
rural  and  affordable  housing of about 17­18 million tonnes per meaningful  impact  on  profits
sectors. annum by next fiscal. With the this fiscal. Moreover, the sustain­
However, it may not translate incremental  demand  of  about ability of price hike will be cru­
into  any  meaningful  profit 24­28  mtpa  being  higher  than cial  given  the  excess  supply  in
growth or improved margin as supply,  capacity  utilisation the market,” said Majumdar.

CM . ...... . . ...CH-CHE
YK
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
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SATURDAY • MARCH 30 • 2019 NEWS 5

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Hitachi Payments appoints new MD

New Delhi, March 29
Hitachi Payment Services on Friday announced
the appointment of Rustom Irani as its new
managing director (MD). His role as MD is in
addition to his responsibilities as the chief
executive officer (CEO) of the cash business,
Hitachi Payments said in a statement. Irani will
also be inducted into the company’s board,
effective April 1. Loney Antony led Hitachi
Payments as the MD from its inception. From
April 1, Loney will assume a larger advisory role
of vice-chairman and non-executive director of
the board of directors, and mentor to the
leadership team, the company said. PTI
Fiat to cut 1,500 jobs at Canada plant
Montreal, March 29
Fiat Chrysler Automobiles (FCA) has announced
it will cut around 1,500 jobs, around a quarter
of its local workforce, at its factory in Windsor,
Canada. The Italian-American auto-maker took
the decision, effective the end of September,
to “better align production with global
demand,” it said on Thursday. Retirement
packages will be offered to eligible employees
while the company will also attempt to place
laid-off hourly employees in open full-time
positions, as they become available based on
seniority. The Chrysler plant in Windsor
employs some 6,100 workers and builds the
Chrysler Pacifica and Dodge Grand Caravan
minivans. AFP
‘IBC changed India Inc’s view on default’
CEA Subramanian says firms want to settle
fearing loss of control over businesses
OUR BUREAU
Chennai, March 29
“Before the Bankruptcy Code, a lot
of  businesses  were  playing  coin
toss  with  the  banks,  and  that  im­
posed  a  a  significant  cost  on  the
economy,”  said  Krishnamurthy
Subramanian, Chief Economic Ad­
viser (CEA) to the Government of In­
dia, here on Friday.  fault”.  their dues, fearing loss of control
New office­bearers elected for CII­SR  that  prevailed  in  India  for  a  long
OUR BUREAU
Chennai March 29
Sanjay Jayavarthanavelu, Chair­
man and Managing Director of
Coimbatore­based Lakshmi Ma­
chine Works Ltd, has been elec­
ted  as  the  Chairman  of  the  CII
Southern Region for 2019­20.
Jayavarthanavelu  is  closely
associated  with  the  CII,  and
was  the  Deputy  Chairman  of
CII Southern Region in 2018­19.
He  was  also  the  Chairman  of
CII  Tamil  Nadu  State  Council
during  2006­07  and  was  the
“Even if you have few bad fish in
the pond, all the fish are thought to
be bad,” Subramanian said, and ad­
ded that banks have put the anti­
Speaking at the “Industry Future cipated  probability  of  default  on
Forward” summit organised by the those  without  a  credit  record,
Confederation of Indian Industry­ primarily  the  small  and  medium
Southern  Region  (CII­SR),  Sub­ firms.
ramanian  said  that  such  defaults Noting  that  the  attitude  of  the
haveresulted in high cost of capital, companies have changed after the
because  the  banks’  credit  spread Insolvency  and  Bankruptcy  Code
are driven by “anticipated probab­ (IBC), Subramanian said borrowers
ility of default” and “loss given de­ are now coming forward to settle
over their business.  Subramanian, Chief Economic Advise to the , Government of India;
Highlighting  the  credit  culture
Chairman  of  the  Textiles  Sub­ time,  the  Chief  Economic  Adviser
Committee,  CII­SR  in  2002­ cited the “doctrine of pious obliga­
2004.  tion”  from  the  Hindu  law,  under
Satish  Reddy,  Chairman,  Dr which  sons  are  held  liable  to  dis­
Reddy’s  Laboratories  Ltd,  Hy­ charge their father’s debts based on
derabad  has  been  elected  as religious considerations.
the  Deputy  Chairman  of  CII
Southern Region for 2019­20.  Higher growth rates
Reddy is a member of the CII On  the  state  of  Indian  economy,
National Council from 2014­19.  Subramanian said that the average
He was also past Chairman of annual growth recorded in the last
CII  National  Pharma  Commit­ five years is higher than the growth
tee  and  past  Chairman  of  CII rate recorded under any other gov­
Andhra  Pradesh  State  Council, ernment since liberalisation.
according to a statement. “We  have  recorded  an  average
growth rate of 7.5 per cent despite
Kalpataru bags
global orders
worth ₹588 crore 
PRESS TRUST OF INDIA
New Delhi, March 29
Kalpataru  Power  Transmission
Ltd (KPTL) on Friday said it has se­
cured  new  orders  worth  ₹588
crore in international markets.
“Our  total  order  inflows  for
2018­19 is approximately ₹ 8,500
crore  and  we  are  favourably
placed/L1  for  orders  worth
₹1,800  crore.  Given  the  order
book and visibility, we are confid­
(From left) Rakesh Bharti Mittal, President, CII; Krishnamurthy ent of delivering healthy growth
in  revenue  and  profitability  for
Vikram Kirloskar, Vice President, CII; and R Dinesh, Chairman, CII-SR , 2019­20,” KPTL MD and CEO Man­
at the ‘Industry Future Forward’ summit in Chennai on Friday BIJOY GHOSH ish Mohnot said in a statement.
KPTL is a specialised engineer­
slow credit growth and headwinds immediately, but let’s recognise the ing  procurement  and  construc­
against  globalisation  which fact that it has changed India as one tion company engaged in power
dampened our exports,” said Sub­ market and not 30­odd markets.”  transmission  and  distribution,
ramanian.  Speaking at the event, CII Presid­ oil and gas pipeline, railways, in­
Referring  to  the  recent  contro­ ent Rakesh Bharti Mittal said that frastructure  development,  civil
versies  over  the  GDP  data,  Sub­ the industry body has set ‘inclusive­ contracting  and  warehousing,
ramanian said: “Given the number ness’ as this year’s agenda. He also and  logistics  businesses  with  a
of touch points for policy in India, it highlighted the need to engage the strong international presence in
is  very  hard  to  create  a  narrative youth  through  various  employ­ power  transmission  and  distri­
that is far from the truth.” ment  opportunities  by  launching bution. 
He  also  lauded  the  Goods  and vocational  training  centres  at  the The  company  is  currently  ex­
Services Tax (GST) as a “path­break­ school­level. Mittal also suggested ecuting  several  contracts  in  In­
ing  achievement”  of  the  govern­ leasing  out  farm  lands  to  the dia,  Africa,  the  Middle  East,  the
ment, adding that: “No path­break­ private  sector  for  higher  agricul­ CIS, SAARC countries and the Far
ing  change  achieves  perfection tural production. East.

While businesses recognise the value of Air India issues boarding card with Modi’s

data, protection still a challenge: Research picture, again; calls it a ‘human error’
L N REVATHY
Coimbatore, March 29
“With  the  rapid  change  in  in­
dustry  dynamics  and  the  ad­
vent  of  newer  technologies,  it
has  become  imperative  for  or­
ganisations  to  focus  on  the
practical  application  of  emer­
ging  technologies  such  as  AI
and  IoT,  to  accelerate  their  di­
gital  transformation  journey.
The  key  in  this  journey  is  the
generation and analysis of data.  The  findings  reveal that  or­
“Interestingly,  businesses  in
India  are  seeing  better  poten­
tial in the value of data and are
monetising  it  as  compared  to
their  global  counterparts.  And
this  is  a  testimony  of  our  pro­
gress,  highlighting  our  pre­
paredness  for  future  security
outbreaks,”  says  Ripu  Bajwa,
Director  and  General  Manager
(Data  Protection  Solutions)  at
Dell EMC, India.
Bajwa’s  observations  are
based  on  the  findings  of  a  re­
X
W makers  from  both  public  and
Around 30 per cent of private organisations with 250­
the businesses in India plus employees across 18 coun­
said they were unable to tries and 11 industries particip­
recover data using their ated in the survey.
existing data protection
solutions
Data loss concerns
While the sheer volume of data
and its importance to business
search — The Third Global Data operations  makes  data  protec­
Protection Index 2018 — by Dell tion  a  challenge,  the  respond­
EMC. ents  had  said  that  the  disrup­
tion  incidents  were  frequent
ganisations  in  India  witnessed and the rise in irreversible data
a 130 per cent increase in data loss was a concern.
and  47  per  cent  of  the  busi­ Around  30  per  cent  of  the
nesses  were  already  monet­ businesses in India (27 per cent
ising  the  data  as  compared  to globally) said they were unable
36 per cent worldwide. to  recover  data  using  their  ex­
The  index  specifically  un­ isting  data  protection
covered the increase in the aver­ solutions.
age amount of data managed – The common type of disrup­
from 2.79 petabytes (PB) in 2016 tions  faced  by  organisations
to 6.43 PB in 2018 in India, high­ were unplanned systems down­
lighting the high awareness of time,  data  loss  and  local  dis­
the value of data. aster  that  affected  access  to
As many as 2,200 IT decision data  for  an  entire  site/  group.
Data  loss  on  account  of  un­
planned  downtime  has  been
found to be far more expensive.
For instance, the monetary loss
for businesses in India that en­
countered  29  hours  of  down­
time on an average in the last 12
months  is  said  to  be  $9,58,583
(vis­a­vis 20 hours of downtime
for  global  leaders,  costing
$5,26,845).
Indian respondents had said
that  they  lost  more  data  than
global  APJ  counterparts,  aver­
aging 3.31 terabytes with a price
tag  of  $1,287,788  (against  2.13
terabyte  loss  costing  $9,95,613
globally).
A majority  of  respondents
had said that there was lack of
data  protection  solutions  for
emerging  technologies,  indic­
ating  their  inability  to  keep
track and protect all data apart
from voicing the complexity of
configuring and operating data
protection software/ hardware.
OUR BUREAU
New Delhi, March 29
On  Friday,  Air  India  again  is­
sued a boarding card carrying
pictures of Narendra Modi and
Vijay Rupani, Chief Minister of
Gujarat, to a passenger travel­
ling from Madurai.  even  as  the  Election  Commis­
“Today’s  incident  is  appar­
ently  a  human  error.  A  show­
cause  notice  on  the  error  has
been  issued  to  the  airport
manager  of  Air  India  at
Madurai.  Today,  the  Air  India
management has reiterated its
earlier instructions and asked
for  confirmation  from  all  sta­
tions  regarding  discontinu­
ation of these boarding cards,”
an airline spokesperson said.
#3585
He  added  that  the  airline
had issued a notice on March
25  to  all  domestic  stations  to
discontinue  using  boarding
cards with Vibrant Gujarat ad­
vertisement  on  the  reverse
with immediate effect. Sources
indicated  that  the  error
happened  as  old  and  new
stocks  of  boarding  cards  got
mixed.
EC crackdown
The boarding card was issued
sion is examining whether the
airline’s decision to use such a
boarding  card  on  an  earlier
flight  is  a  violation  of  the
Model Code of Conduct, which
is  in  place  for  the  upcoming
Lok  Sabha  elections.  The  con­
troversy  first  erupted  on
March  25,  when  Punjab’s
former Director General of Po­
lice  put  his  boarding  card  on
Twitter,  pointing  out  that  his
Air India boarding card prom­
inently  flashed  Narendra
Modi’s  and  Vijay  Rupani’s
photographs.
At the time of the first incid­
ent, sources in the airline had
said  that  these  boarding
Air India said it has issued instructions to stop usage of the boarding cards
passes were issued to the com­ that the cups have been with­
mercial  department  and  air­ drawn. 
ports  in  December  last  year Meanwhile,  the  Election
and  should  have  got  ex­ Commission  said  authorities
hausted by now. had  seized  ₹1,253.59  crore  of
Meanwhile, the Indian Rail­ unauthorised cash, drugs and
way Catering and Tourism Cor­ narcotics, liquor and precious
poration  has  imposed  a  pen­ metals till Friday. This includes
alty of ₹1 lakh on the licensee ₹675.74  crore  worth  of  drugs
who  has  also  been  asked  to and  narcotics  and  unaccoun­
show  cause  as  to  how  cups ted  cash  worth  ₹250.18  crore.
which were labelled “Main bhi In  addition,  precious  metals
Chowkidar” were  used  in like  gold  worth  ₹183.09  crore
trains.  have also been seized, the com­
The  official  statement  says mission said in a statement.

To plug charging infrastructure gap, e-scooter Killer Jeans maker eyes non­metros

manufacturers turn to detachable batteries
MIRZA MOHAMMED ALI KHAN
New Delhi, March 29
As  the  country  grapples  with
providing  charging  infra­
structure  for  electric  vehicles
(EVs),  electric  two­wheeler
makers are turning to detach­
able  batteries  to  make  the
charging process easier.  turers  want  support  from  the
Recent launches such as Ok­
inawa  Autotech’s  i­Praise
scooter  (₹1,15,990,  ex­show­
room) and Avan Motors’ Trend
E (starting  price  ₹56,900,  ex­
showroom),  come  with  such
portable batteries. “We under­
stood  the  need  of  the  hour
and  developed  detachable
batteries,”  said  Jeetender
Sharma,  Founder  and  Man­
aging  Director,  Okinawa
Autotech.  Avan  Motors’  Busi­
ness  Development  Head,
Pankaj Tiwari, concurred.  ous  e­scooter  manufacturers
Both  Sharma  and  Tiwari
stressed  that  this  feature
Okinawa feels detachable batteries are the need of the hour (File photo)
would  benefit  customers  liv­
ing  in  multi­storey  apart­
ments. “Charging time on our
batteries is also not very high.
It  takes  two  to  four  hours,”
Tiwari said.  gramme helping them.  components,” said Tiwari.  i­Praise  scooters  since  its
Okinawa’s  Ridge+  (₹76,499,
ex­showroom),  an  upgraded
model  of  its  Ridge  scooter,
also  comes  with  a  detachable
lithium  ion  battery.  Indigen­
are  slowly  moving  away  from
lead acid batteries and adopt­
ing lithium ion batteries, with
the  government’s  subsidy  un­
der  the  Faster  Adoption  and
Manufacturing of Electric and
Hybrid  Vehicles  (FAME)  pro­
“We always request that the
subsidy on lithium ion batter­
ies  must  continue.  If  the  sub­
sidy comes down, it is very dif­
ficult  for  the  consumer  to
purchase  the  vehicle,”  Tiwari
said.  However,  he  also
stressed  that  charging  infra­
structure  development  is  ne­
cessary  to  inspire  confidence
among  EV  consumers  and
adopters.
Localisation of parts
Local  component  sourcing  is
another  area  where  manufac­
government.  “The  (govern­
ment)  support  is  required
everywhere  for  localisation .
Once  the  volumes  go  up,  loc­
alisation  can  be  done  more
easily. Right now, the volumes
are  not  allowing  local  manu­
facturers and suppliers to give
However,  for  Okinawa,  over
90  per  cent  parts  are  already
localised, Sharma said. He also
revealed  that  the  company
will  launch  a  high­speed  mo­
torcycle in the second quarter
of  next  year,  which  will  be
“100  per  cent  localised".  Cur­
rently,  an  important  area  of
focus  for  manufacturers  is
growing their presence in the
country.  Okinawa,  which  cur­
rently  has  over  300  dealer­
ships,  plans  to  increase  them
to  500  next  year.  Avan,  which
has  33  dealerships  and  is
present predominantly in Ma­
harashtra  and  parts  of
Karnataka  and  Tamil  Nadu,
plans to have over 100 dealers
this year.  diction, plans to launch a new
When  it  comes  to  volumes,
the companies seem to be tak­
ing  a  steady  approach.  “Ok­
inawa has sold close to a 1,000
launch,” Sharma added. While
Tiwari  did  not  comment  on
the  number  of  scooters  Avan
Motors  has  sold,  he  said  that
the company is targeting total
sales  volume  of  12,000  units
this year and aims to double it
next year.  ing  their  online  apparel  pur­
with affordable apparel line
SURESH P IYENGAR
Mumbai, March 29
Kewal  Kiran  Clothing,  an  ap­
parel retailer, plans to focus on
tier­II and tier­III cities with the
launch of new brands in the af­
fordable  category  and  doub­
ling of distributors across India
from 125 to 200.
The  company,  which  retails
under  popular  brands  such  as
Killer  Jeans,  Lawman  Pg3,  K­
Lounge, Integriti, Easies and Ad­
brand  —  Immortal  — to  gain
market share in the low­ priced
segment  (ranging  between
₹1,300­1,600 per unit). Recently,
the company also acquired Desi
Belle to mark its entry into the
womenswear  segment and  ex­
pects  to  generate  a  revenue  of
₹400 crore in five years.
Kewalchand P Jain, CMD, Ke­
wal Kiran Clothing, said there is
a general trend of people shift­
X
W huge  discounts  to  grow  the
The company is focussed
on growing profitability
and revenue by
widening the market
reach and offering value-
for-money apparels
rather than discounts
chases  to  ambiance  stores  to
get  the  right  fit  and  feel  of
fabrics.
Moreover,  the  e­commerce
business  is  more  a  metro  and
urban phenomenon, and man­
aging  deliveries  in  smaller
towns is a cumbersome task.
Expanding reach
The company has set aside ₹100
crore  for  acquiring  a  leading
kidswear  brand  in  an  attempt
to  reach  smaller  towns  with  a
complete package for the entire
family, said Jain. Dubbing the e­
tailers’  strategy  of  offering
topline as a valuation game, he
said  the  company  is  focussed
on  growing  profitability  and
revenue  by  widening  the  mar­
ket reach and offering value­for­
money  apparels  rather  than
discounts.
Kewal  Kiran  has  already  ex­
panded its exclusive brand out­
lets to 336 from 318 last year, to
increase  footprint  in  North
India.
Earlier,  the  company  fol­
lowed a conservative approach,
selling garments to wholesalers
and  distributors  through  an
outright  purchase  agreement.
Though this strategy helped in
building a strong balance sheet
with  better  cash  flows,  it  did
not provide access to key north­
ern markets. The company will
now  offer  garments  to  traders
in North India with a commit­
ment  to  take  back  20­30  per
cent of the goods if not sold.

Shangri­La, Shougang Group SC upholds conviction of Saravana Bhavan founder Astra to pay up to $6.9 b to

partner for new hotel in Beijing
To host reception
of 2022 Winter
Olympics
OUR BUREAU
New Delhi, March 29
China’s  Shougang  Group
and  Shangri­La  have come
together to set up a new lux­
ury  hotel  at  Shougang  in­
dustrial  site  in  Beijing,  ac­
cording  to  a  statement
issued by the company.
The  new  property,  which
is  scheduled  to  be  opera­
tionalised by  2021­end,  will
be  designated  as  the  official
hotel of  the  Beijing  2022
Winter  Olympics,  and  will
host the event reception.  occasion  for  the  host  city  of
“It  is  now  our  time  of  un­
precedented  opportunities;
we  are  supporting  the
Winter Olympics, and are in­
volved in ecological and her­
itage  conservations  and
business  transformation
Daiichi to make cancer drug
projects.  Shougang  Park  is
regarded  as  the  new  land­
mark  of  the  capital  city’s  re­
vival  and  an  important  ser­
vice  provider  for  the  Beijing
Winter  Olympics,”  said
Zhang  Gongyan,  Chairman
and  General  Manager,  Shou­
gang Group.
The  hotel  is  closely  con­
nected  to  the  grand  ski
ramp  of  the  Winter
Olympics  and  the  training
centre of the national teams
— known  as  the  Four  Ices,
with facilities for ice hockey,
figure skating, speed skating
and curling.
“The  Beijing  2022  Winter
Olympics  will  be  a  historic
Beijing, and equally for us at
Shangri­La,  as  we  open  our
doors  to  welcome  the  inter­
national  sports  community
coming for the Games,” said
Hui  Kuok,  Chairman  of
Shangri­La Group.
OUR BUREAU
Chennai, March 29
The  Supreme  Court  today  up­
held  the  life  imprisonment
awarded  by  the  Madras  High
Court to P Rajagopal, owner of
Hotel  Saravana  Bhavan  (HSB)
chain  of  restaurants,  in  the
Prince  Santhakumar  murder
case.
In  2009,  the  Madras  High
Court  convicted  Rajagopal  of
the  murder.  H e  appealed
against the sentence in the Su­
preme  Court,  which  granted
him bail considering his health
condition.
However,  on  Friday,  a  three­
member  Bench  of  the  apex
court,  presided  by  Justices  NV
Ramana,  Mohan  M  Shantan­
agoudar  and  Indira  Banerjee,
dismissed Rajagopal’s appeal in
the 18­year­old murder case and
asked him to surrender by July
7.
The murder of Santhakumar
in October 2001 created a sensa­
tion in Tamil Nadu with the in­
volvement  of  the  high­profile
P Rajagopal
restaurateur, Rajagopal, who in
1981 brought a sea­change in the
restaurant industry by introdu­
cing  a  clean  and  full  view  kit­
chen  concept  that  became  an
instant hit among customers.  complicity of all the appellants
The history of the case dates
back  to  1999  when  Jeevajothi
and  Santhakumar  (now  de­
ceased)  got  married.  However,
Rajagopal,  who  wanted  to
marry  Jeevajothi,  threatened
the  couple  to  annul  the  mar­
riage. In 2001, the couple filed a
police  complaint  against  Ra­
jagopal and his aides. A few days
later,  Santhakumar  was  kid­
napped and killed. His body was
found  at  Perumalmalai  in
Kodaikanal forests. The Madras
High Court convicted Rajagopal
under  Section  302  of  the  IPC
(punishment  for  murder)  and
sentenced  him  to  undergo  life
imprisonment  along  with  the
five  others.  He  challenged  the
verdict.  cannot be made sterile by exag­
The Supreme Court, in 2009,
granted  him  bail  considering
his health condition.
All five appellants complicit
Hearing Rajagopal’s appeal, the
apex  court  today  said  that  the
prosecution  had  proved  the
(five)  in  murdering  Santhaku­
mar  by  strangulating  him  and
thereafter throwing the body at
Tiger Chola.  High  Court  evaluated  the  ma­
“While  it  is  necessary  that
proof beyond reasonable doubt
should be adduced in all crim­
inal  cases,  it  is  not  necessary
that such proof should be per­
fect, and someone who is guilty
cannot get away with impunity
only because the truth may de­
velop some infirmity when pro­
jected  through  human  pro­
cesses.  The  traditional
dogmatic  hyper­technical  ap­
proach has to be replaced by a
rational,  realistic  and  genuine
approach  for  administering
justice in a criminal trial. Justice
gerated adherence to the rule of
proof, in as much as the benefit
of doubt must always be reason­
able and not fanciful,” the order
said.
Having  regard  to  the  entire
material  on  record  and  the  to­
tality  of  the  facts  and  circum­
stances, “we find that the evid­
ence on record fully proves the
case of the prosecution and that
the  Trial  Court  as  well  as  the
terial  on  record  in  its  proper
prospective  while  coming  to
their conclusion. Thus, the judg­
ment of the Trial Court as modi­
fied by the High Court need not
be interfered with. Hence, these
appeals  fail  and  stand  dis­
missed,” the order said.
REUTERS
March 29
AstraZeneca Plc will pay up to
$6.9 billion to work with Daii­
chi  Sankyo  Co  Ltd  on  a  hotly­
tipped experimental treatment
for  breast  cancer,  in  a  direct
challenge to the world’s biggest
cancer drug maker, Roche.
The deal on the drug, known
as  “trastuzumab  deruxtecan”,
sent  shares  in  Japan’s  Daiichi
soaring  16  per  cent,  its  daily
limit, to a record high on Friday.
Daiichi’s stock has climbed 45
per cent this year on optimism
about the treatment.
Britain’s  AstraZeneca  plans
to use some of the proceeds of a
$3.5­billion share issue to fund
the deal. Its shares fell as much
as 6 per cent.
Under the deal, AstraZeneca
will make an upfront payment
of $1.35 billion to Daiichi. They
will  share  development  and
commercialisation  costs  for
the drug worldwide, with Daii­
chi retaining exclusive rights in
Japan.
Daiichi’s drug, also known as
DS­8201,  targets  the  HER2  pro­
tein, a major trigger of uncon­
trolled cell growth in about 20
percent  of  breast  cancers,
where Roche has been a pion­
eer with its ageing $7 billion­a­
year best­seller Herceptin.
“Over the last four years, on­
cology  has  been  focused  on
pipeline revitalisation ... We feel
that  we  have  re­emerged  and
now  our  sights  shift  towards
true leadership in the oncology
space,”  said  Dave  Fredrickson,
AstraZeneca’s  head  of
oncology.
The deal is a big bet on Japan­
ese  research  by  AstraZeneca’s
chief  executive,  Pascal  Soriot,
who is seeking to replicate re­
cent  success  in  fast  growing
cancer  drugs  Tagrisso,  Lyn­
parza and Imfinzi.

CM . ...... . . ...CH-CHE
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© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
6 THINK
0
xyz
saturday, march 30, 2019
EU’s new copyright law: What’s wrong?
It can break the Internet as we know it and damage free speech and dissent, but BigTech companies must share the blame too
Poll funding concerns
The Supreme Court should take a serious view
on Election Commission’s reservations
W
ith less than two weeks to go for
the  general  elections,  the  Elec­
tion Commission (EC) has raised JINOY JOSE P
serious  objections  to  the  use  of
O
electoral bonds, touted as a poll reform measure. n  March  26,  European
It was putting forward its view in a case filed by Union’s  Parliament
passed  a  copyright  law
the  NGO,  Association  for  Democratic  Reforms that  many  think  would
(ADR vs Union of India),  against  electoral  bonds. change the way content is used and
The EC has reiterated its objections spelt out in its disseminated  on  the  World  Wide
May 2017 letter to the Union Law Ministry, written Web, which ironically and quite in­
terestingly  turned  30  this  month.
months after electoral bonds were introduced. It Wikipedia founder Jimmy Wales, ar­
had  then  observed  that  by  removing  the  cap  on guably  the  most  popular  critic  of
donations, of 7.5 per cent of the average net profit the new EU law, tweeted that “You,
of  the  three  preceding  financial  years,  electoral the  Internet  user,  have  lost  a  huge
battle  today.”  According  to  Wales,
bonds  could  open  the  “possibility  of  shell  com­
the free and open internet is being
panies being set up for the sole purpose of mak­ quickly  handed  over  to  corporate
ing  donations  to  political  parties.”  An  electoral giants  at  the  expense  of  ordinary
bond can be purchased from the State Bank of In­ people. And he is not alone. World
dia, with no name of the donor on it, and given to Wide Web founder Tim Berners Lee
termed  the  law  “an  imminent
the political party or leader, who in turn deposits threat to the future of the internet.”  from news websites. The more con­
it without reporting the transaction to the I­T au­ But  the  EU  law  —  which  arrived
thorities or the EC. Similarly, the donor does not following  a  nearly  three­year  de­
need  to  declare  the  beneficiary’s  name  in  his mand to reform EU’s copyright laws
that many businesses and activists
books. A suitably opaque entry ‘purchase of elect­ felt  was  stuck  in  a  time  warp  and
oral  bonds’  would  suffice,  with  a  100  per  tax  de­ had snowballed into a controversy
duction too coming the donor’s way. This arrange­ even  when  European  law­
ment makes not just a mockery of transparency in makers were discussing it
as  many  felt  it  would
electoral  funding,  but  also  of  the  ₹20,000
bring memes (parody con­
threshold  under  the  Representation  of  Peoples tent) and gifs under copy­
Act, 1951, after which contributions have to be ac­ right  —  has  famous  sup­
counted for. porters  as  well.  Beatles
After  the  2017­18  Budget,  it  was  incorrectly  as­ star  Sir  Paul  McCartney
said  the  new  rules  would
sumed  that  the  limit  on  anonymous  cash  dona­ help  musicians  in  the  digital  age
tions had been reduced from ₹20,000 to ₹2,000. gain  their  fare  share  of  royalties
But there was been no change in the RPA to this ef­ and  rights  from  the  technology
fect.  It  now  appears  that  election  funding  is  as companies  that  have  been  using
such content at will and free of cost.  that  would  include  YouTube,
opaque as ever, despite the Centre’s avowed com­ On their part, the EU lawmakers
mitment  to  cleaning  up  the  system  through say the law is the need of the hour.
measures  such  as  demonetisation.  The  EC’s  cash The  two  EU  commissioners  —  An­
seizures, while signalling its intent, are just a drop drus  Ansip  and  Mariya  Gabriel  —
who  mooted  the  new  law  said  it
in the ocean of electoral funds floating around. If
would strengthen Europe’s creative
the 2014 elections are believed to have resulted in industries,  which  represent  11.65
an expenditure of $5 billion, there could be a huge
spike this time.
Election  expenses  too  are  famously  fudged,
Vote-bank politics is not such a bad thing
with  the  candidate  ceiling  of  ₹28  lakh  and  ₹70
lakh respectively for Assembly and Lok Sabha elec­
tions  being  circumvented  by  showing  the  ex­
penditure as the party’s, or for the campaigning of
prominent  leaders  whose  expenses  are  exempt Despite the negative connotations, vote banks can raise the bargaining power of individuals and groups
from the ceiling. However, it makes more sense to
scrutinise revenues than expenses from a political MARTAND JHA
W
economy  point  of  view.  Meanwhile,  crowdfund­
henever  the  elec­
ing options have shown promise. Even as the Su­
tion  season  arrives,
preme  Court  takes  stock  of  the  situation,  voters an  oft­used  term  in
need  to  be  aware  of  the  shadowy  role  of  money political  analyses
power as they exercise their franchise. and the media is ‘vote bank’. Almost
all  commentators,  journalists,
political  parties,  columnists  and
psephologists  use  this  term to
showcase  a  type  of  politics  —  so­
called politics of appeasement — as­
SUKIYAKI MANJULA PADMANABHAN sociated with it.  elect or defeat the contestants dur­
Vote bank is usually used pejorat­
ively.  The  term  ‘vote­bank  politics’
was first used in a research paper in
1955  by  noted  sociologist  MN
Srinivas  to  showcase the  political
influence exerted by a patron over a
client.  However,  when  Srinivas
wrote  that  research  paper  titled
‘The  Social  System  of  a  Mysore  Vil­
lage’,  the  term  vote­bank  politics
was used in a very specific context.
Today, it denotes voting on the basis
of, among other things, caste, sect,
language and religion.  group aligned on the basis of caste,
Today’s  discourse  on  the  subject
reduces the identity of a citizen to a
vote­bank  and  that’s  why  it  has
LET TERS TO THE EDITOR
Rajan’s stand
With  reference  to  the  news  item
‘Fiscal  system  must  be  prepared
for  Minimum  Income  Guarantee
scheme'  (March  29),  the  former
RBI Governor Raghuram Rajan in­
dicated that he is in line with the
other noted economists and schol­
ars, who are up in arms against the
present regime.  Assault on honest taxpayers
He  has  every  reason  to  feel  ag­
grieved  about  the  way  he  was
eased out of governorship on com­
pletion of term. He also has every
right  to  comment  about  the  de­
cisions  which  impacted  the  eco­
nomy in the last four years.  department  is  also  clandestinely
But by advocating ‘Minimum In­
come  Guarantee  Scheme’,  which
will  appear  in  the  manifesto  of  a
major  opposition  party,  he  has
clearly  indicated  where  his  heart
lies.  Like  Manmohan  Singh,  he
could  as  well  join  any  political
party.  faulters and traders among others.  conduct  regular  awareness  pro­
But staying outside and taking a
political  stand  will  create  an  im­
Published by N. Ravi at Kasturi Buildings, 859 & 860, Anna Salai, Chennai-600002 on behalf of THG PUBLISHING PVT LTD., and Printed by D. Rajkumar at Plot B-6 & B-7, CMDA Industrial Complex, Maraimalai Nagar, Chengleput Taluk, Kancheepuram Dist., Pin: 603209. Editor: Raghavan Srinivasan (Editor responsible for selection of news under the PRB Act).
CM
YK
million  jobs,  6.8  per  cent  of  GDP
and  are  worth  €915,000  million  a
year.  EU  member­states  can  take
their own call on the law and they
have a two­year window to act on it. 
All that sounds kosher, but it is a
fact  that  Article  11  and  Article  13  of
the new law will throw a spanner in
the  works  of  the  Web,  especially
how  user­generated  content  is  up­
loaded  on  platforms  such  as  You­
Tube.  Even  though  the  controver­
sial  new  directive  has  spared
memes  (parody  material  that  fea­
ture  stills  and  video  footage  from
movies, books, etc.) and the Graph­
ics  Interchange  Format  or  GIF  (a
short,  animated  video),  the  new
framework will end up imperilling
the way people use copyrighted ma­
terial online. 
Articles 11, 13
To understand how, it is important
to know how Articles 11 and 13 actu­
ally  work.  While  Article  11  says
search  engines  like  Google  and
news  curation  platforms  (again,
Google News) must pay to use links
tentious Article 13 wants to take big
technology firms to task for all non­
copyrighted  content  appearing  on
their  platforms.  Article  13  basically
deals  with  how  online  content­
sharing  services  should  deal  with
content  (movie  clips  to
news  stories)  for  which
someone  holds  a  copy­
right. It says such services
must licence copyrighted
material  from  the  ori­
ginal  rights  holders.  And
that’s  easier  said  than
done in the vast universe
of the Web.
The Article covers pretty much all
services  that  help  people  surf  for
stuff  that  is  uploaded  online,  and
Soundcloud,  Vimeo,  etc.,  even
though  there  are  some  exceptions
such  as  online  encyclopaedia  that
do not target profits (like the wikis),
open source software development
platforms,  cloud  storage  services,
online  marketplaces  and  commu­
#3585
come  to  assume  a  negative  con­
notation. No self­respecting citizen
wants to be seen only as a voter with
a community stereotype, because if
that’s the case (which many argue is
the case), then the relevance of a cit­
izen  between  elections  falls
drastically.
Just as a market treats a person as
a consumer,  a  political  party  or
leader  sees  the  masses  merely  as
voters,  who  are  a  tool  to  elect,  re­
ing elections once in five years.  population, are not considered as a
Positives too
However, if this is the negative side
of vote bank, there is a big positive
side  to  it  as  well.  It increases  both
the  individual  and  collective  bar­
gaining  power  of  the  people  vis-à-
vis those  in  power.  Democracy  is  a
daily exercise, involving numerous
bargaining  processes  between  cit­
izens and the political class.
Therefore,  when  a  particular
sect, religion, or language is recog­
nised by one or more political party,
the  chances  of  their  demands  and
Send your letters by email to bleditor@thehindu.co.in or by post to ‘Letters to the Editor’, The Hindu Business Line, Kasturi Buildings, 859-860, Anna Salai, Chennai 600002.
pression  that  his  appointment  as
RBI Governor was political (he was
appointed  by  the  erstwhile  UPA
government),  though  his  aca­
demic  credentials  and  achieve­
ments have few parallels.
V Viswanathan
Coimbatore
The Income Tax Department is on
overdrive  to  meet  the  govern­
ment’s tax targets. But, in the pro­
cess, it is targeting honest taxpay­
ers  with  dubious  tax  demand
claims. It has been noticed that the
uploading backdated demand no­
tices in the income tax portal.  number  of  high­risk  consumers
Honest taxpayers are scapegoats
and easy pickings for extraction, as
the department does not seem to
have  the  will  and  interest  to  get
after  black­money  hoarders,  de­
PS Krishnan
Chennai
Recasting the Net The new law is going to change the way we use the Web REUTERS
nication  services.  The  rules  are  ap­
plicable  for  pretty  much  all  ser­
vices, except those that are less than
three years old in the EU or have an
annual  turnover  of  less  than  $11.2
million.
If  a  service  provider  breaches
that clause, it will have to pay penal­
ties.  For  instance,  if  you  are  a  die­
hard fan of AR Rahman living in the
EU and want to upload an ARR song
on  YouTube  for  fun  or  to  share
among friends, you may not be able
to do that easily now. Or, if you are a
political campaigner, or an activist
who  wants  to  share  some  archival
footage of a strike and trigger a de­
bate  around  human  rights  viola­
tions of a company or an agency, in
all  likelihood it  may  not  get  up­
loaded because you may not be able
to  bypass  the  filters  content  plat­
forms  may  put  in  place.  The  com­
pany,  say  YouTube,  must  make  all
the  ‘best’  efforts  to  get  permission
from  copyright  holders  for  all  the
content uploaded.  lation  in  the  history  of  digital
Now the problem is it is not easy
to  seek  and  buy  licence  for  all  the
content  that  goes  up  on  YouTube.
So,  eventually  the  companies  will
be  forced  to  introduce  mass­filters
that  would  make  uploading  con­
tent  a  legal  and  logistical  night­
mare.  Lee­promoted  World  Wide
Web  Foundation  says  such  a  move
Less recognition as a vote bank
aspirations  getting  fulfilled  are
much  higher  than  that  of  a  group
or  community  that  is  not  recog­
nised as a vote bank.  That’s perhaps why gender issues
For instance, persons with disab­
ilities  are  not  considered  as  a  vote
bank despite being 40­60 million in
number, as per World Bank reports.
So,  mere numerical  strength
doesn’t  matter as  much  as  the re­
cognition  of  the  group  as  a  vote
Credit growth
This  has  reference  to  the  con­
sumer  credit  growth  report  of
TransUnion  CIBIL  (March  29).
While the overall growth in unse­
cured  lending  is  positive,  on  the
secured credit front the same is re­
ported  to  be  moderate.  This  may
not  be  a  healthy  sign  in  the  long
run  since  it  may  not  lead  to  per­
petual  asset  build­up  (LAP  and
home  loans)  and  would  encour­
age unproductive spending on the
part  of  consumers  who  end  up
paying  EMIs  and  are,  in  the  end,
left with nothing. Since 2017 there
has  been  a  decline  in  consumer
lending due to the entry of a large
into the credit market.  negative  vote  if  there  are  nine  af­
Already,  lenders  are  burdened
with  huge  NPAs  and  to  arrest  the
growth  of  wilful  defaulters,  there
is  a  need  for  banks  and  CIBIL  to
grammes for the benefit of genu­
ine loan aspirants, on the import­
will  put  people’s  right  to  free
speech  at  the  mercy  of  “an  al­
gorithmic lottery”. Also, it will help
governments in the EU and/or else­
where  use  these  clauses  to  crush
dissent.  Activists  say  that  big  tech
companies  may  be  able  to  intro­
duce  the  checks  and  balances  but
small entities will end up shutting
shop, paving the way for more con­
centration  of  power  in  tech  busi­
ness.  concerns over violent, harmful con­
Global ramifications
Clearly,  the  EU  introducing  such  a
convoluted  and  ostensibly  con­
trarian law can have global ramific­
ations.  The  way  Europe  has  been
dealing  with  issues  such  as  user
data and online privacy has caught
the attention of policy­makers and
rights activists across the globe, es­
pecially after the EU introduced the
stringent  General  Data  Protection
Regulation (GDPR), touted to be the
most important data privacy regu­
polity.  willingness to enhance their efforts
Even the US lawmakers now look
forward to the EU for cues. In such a
context,  the  new  copyright  direct­
ive will trigger a global debate and
the  results  of  which  are  going  to
change the way we use the Web.
That said, the BigTech companies
such as Google and Facebook must
bank by political parties and the in­
tent  to  be  seen  as  a  vote  bank  by
groups  and  communities.  Taking
the  same  argument  further,  had
millions of differently­abled people
aligned together to be seen as a pos­
sible  vote  bank,  then  political
parties in order to cash­in on their
votes would have given much more
prominence  to  disability  rights  is­
sues than they are given today.  political parties, therefore, keep ap­
Similarly,  women,  despite  ac­
counting for almost half of the total
vote  bank  because  over  the  years
political  parties  have  realised  that
women  don’t  vote  as  a  group  or
community for a political party.  ics  becomes  ugly  only  when  it  is
During elections, their identity as
women takes a back seat while their
identities of caste, religion and sect
gain prominence.  creating unrest.
are not given much importance by
political parties.
Cultivating vote banks
It  is  often  argued  that  political
parties  try  and  ‘cultivate’  vote
banks  in  order  to  secure  more
ance  of  prompt  repayment  of
existing loans.  that  impeded  the  UN  from  black­
Sitaram Popuri
Bengaluru
Blacklisting Azhar
It is gratifying to note that the US
has defied China insofar as black­
listing  Masood  Azhar  is  con­
cerned.  The  US  has  been  re­
portedly moving resolution in the
UN  Security  Council  to  blacklist
the  Pulwama  attack  mastermind.
It has been reported that there are
two  types  of  resolutions,  namely,
procedural  and  ‘substantial’  or
non­procedural.  In  the  interview,  ‘Compliance  un­
Procedural  resolution  does  not
invalidate a decision on account of
firmative votes.  and not 120 crore, and the 1­1.5 lakh
On the other hand, ‘substantive’
decision  requires  all  the  perman­
ent  members  to  vote.  Negative
vote  of  even  a  single  permanent
member  invalidates  the  decision.
In all the previous four occasions,
CHENNAI
BusinessLine
SATURDAY • MARCH 30 • 2019
share some blame for pushing law­
makers  such  as  those  in  the  EU  to
get paranoid over what is uploaded
and shared on the platforms, espe­
cially following the worldwide cam­
paigns  and  concerns  around  the
spread of fake news, psychological
profiling of users to influence their
behaviour in the context of the in­
famous  Cambridge  Analytica  data
abuse  scandal  and  the  widespread
tent  being  spread  on  platforms
such  as  YouTube  that  target  chil­
dren  and  other  vulnerable  com­
munities. 
As  Roger  McNamee,  a  former  in­
vestor  of  Facebook  notes  in  his  re­
cent book Zucked: Waking Up to the
Facebook Catastrophe, the tech com­
panies has a tendency to shrug off
responsibility  for  the  damages
caused  by  content  they  dissemin­
ate.  When  challenged  on  multiple
global  legal  platforms  and  rights
forums, companies such as Google
and Facebook did not express their
to filter such content and clean up
their  act.  Evidently,  such  lethargic,
revenue­focussed approach has had
its fallouts and lawmakers are clue­
less  about  tackling  most  issues  re­
lating  to  the  digital  universe  and
the  confusion  and  cacophony  can
only add to the legal wrangles. 
votes.  However,  this  is  not  always
the  case,  as  political  parties  don’t
cultivate  vote  bank  across  identit­
ies. Cultivating vote banks while ap­
pealing to different identities of cit­
izens is quite an uphill task.
Once  a  group  or  community
starts  feeling  that  it  can  be  recog­
nised as a vote bank, their collective
strength  increases  manifold.  All
peasing  these  groups  as  they  can’t
afford  to  lose  their  votes  during
elections.
In this way ,vote banks serve the
purpose  of  both  the  voters  as  well
as political parties. Vote­bank polit­
misused  to  manipulate  the  de­
mands  of  one  group  or  groups  in
order  to  polarise  society,  thereby
 
Given  its  potential  for  cynical
misuse,  vote­bank  politics  should
be seen as an instrument to be de­
ployed  by  citizens,  and  not  by  the
political class.
The writer is a Junior Research Fellow,
School of International Studies, JNU
it  was  non­procedural  resolution
listing  JeM  chief  Masood  Azhar.
China is the only country that has
been  consistently  blocking  the
move to blacklist him. 
The  procedural  resolution  now
adopted  by  the  US,  the  UK  and
France gives a ray of hope that the
terrorist  mastermind  is  going  to
be  blacklisted  if  nine  countries
give their affirmation. 
KV Seetharamaiah
Hassan. Karnataka
Erratum
der  GST  regime  is  much  higher’
(March 29), the number of taxpay­
ers under GST should read 120 lakh
taxpayers  added  is  for  every
month  and  not  every  day.  Also,
from July 1, 2017, taxpayers from all
over the country, and not just from
four  States,  have  been  uploading
invoices. The error is regretted
ISSN 0971 - 7528
. ..... .... ...CH-CHE
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
CHENNAI

BusinessLine
SATURDAY • MARCH 30 • 2019 BANKING 7

QUICKLY
Rupee gains 16 paise versus dollar
Mumbai, March 29
The rupee appreciated by 16 paise on Friday to
close at 69.14 against the US dollar on
persistent foreign fund inflows and heavy
buying in domestic equities. At the interbank
foreign exchange market, the domestic unit
opened strong at 69.20 but surrendered the
gains to slip to a low of 69.32. However, it
clawed back lost ground and finally ended at
69.14, up 16 paise over its previous close. PTI
Tamil Nadu banks to amalgamate
Mumbai, March 29
Indian Bank, on Friday, said the Department of
Financial Services, Ministry of Finance, has issued a
notification for amalgamation of Pallavan Grama
Bank (sponsored by Indian Bank) and Pandyan
Grama Bank (sponsored by Indian Overseas Bank)
in Tamil Nadu into a single Regional Rural Bank.
The new bank will be called Tamil Nadu Grama
Bank, with its head office at Salem, under the
sponsorship of Indian Bank. OUR BUREAU
SIB appoints additional director
Kochi, March 29
South Indian Bank has announced the
appointment of Pradeep M Godbole as an
additional director of the bank. He is a
Chartered Accountant with more than 30 years
of experience in core sectors such as auditing,
technology, banking, accounting, consulting
and management. He has held senior positions
in Ernst & Young, Oracle Financial Services
Software, and Wipro, among others. OUR BUREAU
Even post merger with BoB, Vijaya
and Dena to retain logos for a while
Old signages will be used for a few more
months to avoid confusion: Dena official
OUR BUREAU
Mumbai, March 29
Customers  of  Dena  Bank  and  Vi­
jaya  Bank  will  continue  to  see
the  familiar  logos  of  ‘Goddess
Lakshmi’  (the  Goddess  of
Wealth)  and  that  of  ‘a  man  bow­
ing humbly with his hands in his
pockets’  for  some  more  time  on
the  branches,  despite  the  banks
getting merged with Bank of Bar­
oda with effect from April 1, 2019.  dia’s second­largest public sector
However,  they  will  also  sport
the  ‘Now  ­  Bank  of  Baroda’
sticker  to  reflect  the  changed
status.  scope  would  position  the  amal­
To avoid confusion among cus­
tomers,  branches  of  transferor
banks  (Dena  Bank  and  Vijaya
Bank)  will  continue  to  have  old
signages for a few more months,
said  a  senior  Dena  Bank  official,
adding  the  ‘Now  ­  Bank  of  Bar­
oda’  line  will  be  incorporated  in
them.  According  to  the  Govern­
ment’s  Gazette  Notification  is­
sued  on  January  2,  upon  amal­
gamation  of  the  transferor  bank
1 (Vijaya Bank) and the transferor
bank  2  (Dena  Bank)  with  the
transferee bank (BoB), the surviv­
ing  entity  being  the  transferee
bank  shall  be  known  as  Bank  of
Baroda.
Dena  Bank  and  Vijaya  Bank
will  merge  with  BoB  to  form  In­
bank.  possess  the  capacity  to  raise
The  amalgamation  will  be  the
first­ever  three­way  consolida­
X
W gamated  bank  for  improved
The amalgamated bank will
be better equipped in the
changing environment to
meet the credit needs of a
growing economy, absorb
shocks, and possess the
capacity to raise resources
tion  of  banks  in  India.  The  Fin­
ance  Ministry,  in  a  statement  in
January,  said  the  amalgamated
bank  will  be  better  equipped  in
the  changing  environment  to
meet  the  credit  needs  of  a  grow­
ing economy, absorb shocks, and
resources.
Economies  of  scale  and  wider
profitability, wider product offer­
ings, and adoption of technology
and best practices across the am­
algamating  entities  for  cost­effi­
ciency,  improved  risk  manage­
ment,  and  financial  inclusion,
through wider reach.  wider  offering  of  products  and
It  would  also  enable  the  cre­
ation  of  a  bank  with  scale  com­
parable to global banks and cap­
able  of  competing  effectively  in
India and globally.  asarathi,  was  posted  at  the
Core strengths
“The  strength  of  individual
banks, such as Dena Bank’s relat­
ively  higher  access  to  low­cost
CASA  (current  account,  savings
account)  deposits,  Vijaya  Bank’s
profitability  and  availability  of
capital  for  growth,  and  the  ex­
tensive  and  global  network  and
offerings  of  BoB,  will  translate
into advantages in terms of mar­
ket  reach,  operational  efficien­
cies,  and  the  ability  to  support  a
services,” the statement said.
ED seizes ₹10­crore property 
from ICICI Bank employee
Also seizes ₹5 crore
in cash; fraud was
perpetrated using
cancelled and
unused cheques
OUR BUREAU
New Delhi, March 29
The Enforcement Directorate
(ED)  has  attached  movable
and  immovable  properties
worth  ₹10.20  crore  belong­
ing  to  an  ICICI  Bank  em­
ployee.  The  employee,  Vijay­
bank’s  Vijayapura  branch  in
Karnataka.
Among  the  eight  immov­
able properties attached pro­
visionally  by  the  ED,  one
property  is  located  in  Bena­
gluru,  four  in  Uduppi  and
three  in  Vijayapura.  The  ED
has also seized ₹4.89 crore in
cash.
Vijayasarathi  has  been
identified as the mastermind
of  a  fraud  that  could  not  be
detected  by  the  Risk  Control
Unit  of  ICICI  Bank,  the  En­
forcement Directorate said.
The  investigation,  under
the  Prevention  of  Money
Laundering Act, 2002 (PMLA),
was initiated on the basis of a
charge­sheet filed by the CID,
Karnataka.
Vijayasarathi,  Sachin  An­
nappa  Patil  and  other  em­
ployees  of  ICICI  Bank’s  Vi­
jayapura  Branch  committed
fraud  by  using  cancelled
cheques,  unused  cheques,
and  through  fraudulent
transfers,  according  to  a
statement from the ED.
They were also issuing fake
fixed  deposit  receipts,  not
crediting  the  cash  received
for  credit  in  the  bank  ac­
counts  of  ICICI  Bank,  BDCC
Bank,  and  Siddeshwara  Co­
operative  Bank,  among  oth­
ers, and siphoned off or mis­
appropriated amounts to the
tune of ₹70.44 crore.
The  immovable  properties
were  acquired  by  Vijayas­
arathi  in  his  name,  and  also
in the name of Renuka Shetty,
Sachin A Patil, and Sudeep Sh­
etty, while he was the real be­
neficial owner of such assets,
the ED said.

NCLAT seeks details of IL&FS Group liabilities ‘Banks to gain from 

PRESS TRUST OF INDIA
New Delhi, March 29
The  National  Company  Law
Appellate Tribunal (NCLAT), on
Friday,  asked  the  newly­ap­
pointed  board  of  debt­ridden
IL&FS to submit details of the
group’s dues.
A two­member  bench,
headed by Chairman Justice SJ
Mukhopadhaya,  also  clarified
that  there  was  no  stay  on  the
government  to  proceed  with
the  resolution  plan  for  IL&FS
companies.
During the proceedings, the
bench said that steps taken by
the  newly­appointed  board
and the government for resol­
ution of IL&FS and its over 300
group companies, would have
to be passed by the appellate
tribunal.
The  NCLAT  has  listed  the
matter  for  next  hearing  on
April 8. 
The  bench  also  said  it
would hear the banking regu­
lator  RBI  on  moratorium
against IL&FS Group compan­
ies at the next hearing.
Amber category
During  the  proceedings,
senior secured financial cred­
itors  of  IL&FS  asked  the
tribunal to direct amber­clas­
sified companies to discharge
their debt liability.
Under  its  resolution  plan,
the government has categor­
ised  IL&FS  Group  companies
There is no stay on the government to proceed with the resolution plan for IL&FS companies
into green, amber and red cat­
egories,  based  on  their  re­
spective financial positions.
Companies  classified  as
‘green’  would  continue  to
meet  their  payment  obliga­
tions,  while  ‘amber’  category
firms  can  meet  only  opera­
#3585
tional payment obligations to
senior  secured  financial
creditors.
Companies  falling  in  the
‘red’ category are the entities
that  cannot  meet  their  pay­
lower slippages, but
ment  obligations  towards
even senior secured financial
creditors.
challenges remain’
Earlier,  the  Corporate  Af­ ASIAN NEWS INTERNATIONAL X
W
fairs  Ministry  submitted  the Mumbai, March 29 According to Fitch, the
debt resolution plan for IL&FS.  The banking sector’s non­per­ government’s February
The  entire  resolution  pro­ forming  loan  (NPL)  ratio  im­ decision to recapitalise
cess is based on the principles proved  in  the  first  nine banks by an additional
enunciated  in  the  Insolvency months of the current finan­ $7 billion provides banks
and  Bankruptcy  Code,  as  per cial year, but slow resolution
the ministry. with near-term reprieve,
and weak capital are likely to but may not be enough
At the previous hearing on keep the overall pace of recov­
March 19, IL&FS had informed to support growth
ery tepid, according to global
NCLAT  that  the  number  of credit rating agency Fitch.
‘green’  companies  has  in­ Lower  fresh  slippages  and banks  reported  losses  in  the
creased to 50 from 21.  better recoveries were instru­ first  nine  months  of  2018­19,
The  number  of  ‘amber’ mental  in  driving  down  the while  the  common  equity
companies  also  increased  to banking sector’s gross NPL ra­ Tier 1 for nearly half of the 21
13 from 10.  tio  to  10.8  per  cent  in  April­ state  banks  was  below  the
December 2019, according to minimum 8 per cent required
Fitch’s estimate, from 11.5 per by 2019­20.

‘Banks should be quick to  BNP Paribas Cardif offloads 5%

cent at fiscal 2018 year­end. Fitch  said  the  govern­
ment’s  February  decision  to
Weak earnings recapitalise banks by an addi­
adopt Libor alternatives’ Indian  banks,  however,  con­ tional  $7  billion  in  FY19

REUTERS
Zurich, March 29
Banks should adopt alternative
reference interest rates swiftly
ahead  of  the  expected  end  of
Libor in 2021, said a Swiss expert
and member of a panel devel­
oping the country’s alternative
rate  for  new  corporate  and
private loans.
Switzerland,  US,  Euro  Zone,
Britain and Japan must replace
the  dominant  Libor  money
market  rate,  which  is  being
phased  out  after  a  series  of
scandals.  Switzerland  is  now
putting  the  finishing  touches
on its transition to the Swiss Av­
erage  Rate  Overnight.  At  a
meeting  in  Zurich  on  Friday,
SARON task force co­chair Mar­
tin  Bardenhewer  said  banks
should not delay in making the
switch from Libor. “It is a better
strategy to transition voluntar­
ily,  which  means  a  transition
before the end of 2021, and not
to  wait  for  a  ‘big  bang’  trans­
ition  which  might  have  some
additional risks,” he said.
stake in SBI Life via block deal
OUR BUREAU
Mumbai, March 29  that this sale is not being un­
BNP  Paribas  Cardif  offloaded
another  5.074  per  cent  stake
in SBI Life Insurance through
a block deal.
The  private  sector  insurer
made  the  disclosure  to  the
BSE  in  a  regulatory  filing  on
Friday, and BNP Paribas Cardif
said the move is not to comply
with  SEBI’s  public  float
norms.
“We  would  like  to  clarify
dertaken  as  per  the  methods
prescribed by SEBI for achiev­
ing  the  minimum  public
shareholding  (MPS)
threshold,  and  is  not  being
undertaken  with  a  view  to
comply  with  the  MPS
threshold,” it said.
BNP  Paribas  Cardif,  how­
ever,  underlined  its  commit­
ment  towards  ensuring  that
the  insurer  achieves  the  MPS
threshold during the compli­
ance period, it further said.
With  the  block  deal,  the
firm’s  stake  in  SBI  Life  Insur­
ance  has  further  reduced  to
7.7 per cent from the previous
12.7 per cent.
Earlier  this  month,  BNP
Paribas  Cardiff  had  sold  9.2
per cent stake to global invest­
ment  firm  Carlyle  Group’s
arm, CA Emerald Investments.
Prior  to  these  series  of
transactions,  French  insurer
BNP  Paribas  Cardif  earlier
held  22  per  cent  stake  in  SBI
Life Insurance. SBI Life, which
is the country’s largest private
sector  insurer,  had  launched
an IPO in September 2017.
Following  the  announce­
ment  of  the  block  deal,  the
scrip of SBI Life Insurance fell
6.03  per  cent  to  close  at
₹579.55 apiece on the BSE.
tinue  to  face  challenges  on
multiple fronts. 
Weak  earnings,  in  particu­
lar  government­owned
banks,  and  thin  capital  buf­
fers, remain at risk from age­
ing  provisions,  which  stem
from  slow  resolution  of  the
sector’s $150­billion NPL stock
(FY18).
Overall credit costs, despite
a decline in percentage terms
from  previous  years,  re­
mained high, compared with
most  state  banks’  weak  pre­
provision profits.
As  a  result,  several  state
provides  banks  with  near­
term reprieve but may not be
enough  to  support  growth,
considering  ongoing  provi­
sioning  and  their  weak  earn­
ings outlook.
The Reserve Bank of India’s
decision earlier this month to
defer  Indian  Accounting
Standards  (IndAS)  imple­
mentation  for  banks  for  the
second  consecutive  time  un­
derscores  some  of  the  near­
term  challenges,  and  reflects
the  authorities’  aversion  to
compound  the  sector’s  weak
financials, it said.

IPO FLOOD RECEDES

Backlash against cashless stores in
US fails to dent $95-t industry
BLOOMBERG
March 29
A mounting  backlash
against cashless stores is not
slowing  growth  in  the  $95­
trillion payments industry.
Even  as  some  US  cities
seek  to  protect  low­income
consumers by barring stores
and  restaurants  from  shun­
ning  physical  currency,  di­
gital payments are building
acceptance  around  the
world.  A  Citigroup  index
that measures the readiness
of 84 countries to adopt elec­
tronic  payments  has  in­
creased  5.5  per  cent  in  the
past five years, the bank said
in a report this week.
It is a tale of two different
philosophies.  The  situation
on the ground inside the US
is  very  different  than  the
situation  abroad,  said  Jeff
Sloan, chief executive officer
of  payments  processor,
Global  Payments.  Most  gov­
ernments outside the US are
really  focussed  on
digitisation.
A $150-billion boost
Sloan’s  company  is  one  of
many that have benefited as
countries  encourage  elec­
tronic  payments  to  better
track  the  flow  of  money  in­
side  their  borders  and  col­
lect more taxes. A 10 per cent
increase  in  the  adoption  of
digital  money  would  result
in  a  $150­billion  boost  to
The readiness of 84 countries to adopt electronic payments
has increased 5.5 per cent in the past five years ISTOCK
consumer  spending,  Citig­
roup  found.  Governments,
meanwhile,  would  pocket
$100  billion  more  in  incre­
mental taxes with increased
payment digitisation.
The movement away from
cash  has  proven  a  boon  for
payments  companies.  Mas­
tercard  shares  have  gained
38 per cent in the past year,
and  Visa  is  up  32  per  cent,
compared with a 15 per cent
increase  in  the  S&P  500  In­
formation  Technology  In­
dex.  Amazon upset
The  payments  networks
are each up more than 1,000
per  cent  over  the  past  dec­
ade,  more  than  double  the
information tech index and
triple the S&P 500.
But  in  the  US,  politicians
warn  that  the  trend  will
marginalise  disadvantaged
residents – those lacking the
means  to  maintain  a  bank
account or without access to
electronic payments, a mar­
ket that’s been estimated to
be  worth  $95  trillion  glob­
ally.  see  cashlessness  in  my
In  February,  Philadelphia
prohibited  discrimination
against customers who want
to  use  cash,  and  lawmakers
in  San  Francisco  and  New
York are considering similar
measures.
The  backlash  has  sparked
warnings  from  companies,
including Amazon.com . The
retailing  giant  told  Phil­
adelphia city officials that it
would not bring its Amazon
Go  stores,  which  don’t  have
cashiers,  to  the  area  if  they
passed  the  law  banning
cashless  stores.  The  conflict
is  in  its  early  days:  The  vast
majority  of  stores  and  res­
taurants around the US still
accept  physical  currency,
and cash continues to be the
most  common  payment
method  in  the  nation,  rep­
resenting  30  per  cent  of  all
transactions, according to a
2018  Federal  Reserve  study.
For  in­person  transactions,
cash  use  is  closer  to  39  per
cent, the central bank found.  data  show,  the  slowest  since
“I would argue we’re any­
thing  but  cashless,”  said  Lu
Zurawski,  who  leads  the  re­
tail  banking  consulting
practice  at  payments  com­
pany ACI Worldwide.  haul in six years.
The world, he said, is inex­
orably  moving  to  less  cash
but I don’t believe we’re in a
world  where  we’re  going  to
lifetime.
Indeed, the use of cash re­
mains  high  around  the
world. At Western Union Co,
the  world’s  largest  money­
transfer  business,  most
transactions are still paid in
cash, CEO Hikmet Ersek said.
“Our  customers,  they
prefer  cash,”  said  Ersek.
“Most  of  the  cash  we  send
globally is about $300 on av­
erage,  and  it’s  used  for  im­
mediate  spending.  People
take  the  money  and  about
30  per  cent  goes  for  educa­
tion,  so  they  buy  books  for
the kids or the uniform.”
Asian bankers eye follow-on capital raising
REUTERS
Hong Kong, March 29
Bankers  in  Asia  are  betting
on  newly­listed  companies
returning  to  the  markets  for
fresh  capital  as  last  year’s
flood  of  initial  public  offer­
ings (IPOs) slows to a trickle,
with 2019 seeing the weakest
start  in  equity  sales  in  three
years.
Equity  sales  in  the  region,
including  IPOs,  convertible
bonds,  and  follow­on  sales,
fell 41 per cent to $49.1 billion
in  the  first  quarter,  Refinitiv
2016.
Fees  from  equity  capital
market  (ECM)  deals  have
reached  $966  million  so  far,
bankers’  worst  quarterly
The data make for a sober­
ing  read  after  2018  when
Asia’s red­hot markets hosted
many  multi­billion­dollar
IPOs,  including  SoftBank
Corp’s  $23.6­billion  Tokyo
float  and  Xiaomi’s  $5.4­bil­
lion one in Hong Kong.
But  bankers  hope  some  of
the  gloom  will  be  lifted  as
many  of  the  companies  that
went  public  last  year  return
for  additional  capital,  mak­
ing 2019 less a year of jumbo
IPOs  and  more  of  follow­on
capital  raisings  and  convert­
ible bonds.
“We  are  already  seeing
companies  that  went  public
last year coming back ... with
follow­on  offerings,”  said
Goldman  Sach’s  David  Bin­
nion,  co­head  of  equity  cap­
ital markets, Asia ex­Japan.
The largest IPO in Asia this year so far was the $687-million
float of Embassy Office Parks REIT in India ISTOCK
“In  many  situations  these
follow­on  financings  are
coming  sooner  after  listing
than  we  have  historically
seen,  reflecting  the  capital­
intensive  nature  of  these
growth companies.”
Many firms that went pub­
lic  last  year  raised  less  than
they  had  aimed  for  as  in­
vestors  pushed  back  against
lofty valuations.
That  will  further  drive  fol­
low­on activity, bankers said.
Chinese  electric  vehicle
maker  NIO,  video  streaming
company  iQIYI  and  e­com­
merce  firm  Pinduoduo,  all
2018 IPOs, have come back to
the market to raise funds.
NIO  raised  $750  million  in
a five­year  convertible  bond
this year, four months after it
went  public  in  New  York,
while  iQIYI  raised  $1.1  billion
in six­year convertible bonds
this  week  in  its  second  such
issue within a year of its IPO.
Asian companies have sold
$21.3  billion  in  convertible
bonds so far, a record for this
point in any year.
IPO slowdown
After  a  blockbuster  IPO  year
for  Asia  in  2018,  led  by  Hong
Kong that hosted deals worth
$36.3 billion – its best year in
eight – 2019 is expected to be
much slower.
“Some  drivers  of  last  year,
such  as  mega  IPOs  out  of
China,  will  probably  be
fewer,”  said  Murli  Maiya,  co­
head  of  investment  banking
coverage  for  Asia  Pacific  for
JPMorgan.  “There  should  be
continued  investor  interest
in IPOs, but likely at different
price  points  and  in  different
sectors.”
Hong  Kong’s  largest  IPOs
this year are likely to be from
non­Chinese firms such as UK
data  centre  operator  Global
Switch,  which  plans  to  raise
$1  billion,  and  a  spin­off  of
the  Asian  interests  of  the
world’s  largest  brewer,  An­
heuser­Busch  InBev,  which
could  raise  over  $5  billion,
sources say.
The largest IPO in Asia this
year  so  far  was  the  $687­mil­
lion  float  of  Embassy  Office
Parks REIT in India, the coun­
try’s  first  real  estate  invest­
ment trust IPO.
But bankers are optimistic
the  good  performance  of
smaller  IPOs,  such  as  CStone
Pharmaceuticals  and
Chinese  broker  Futu  Hold­
ings,  will  give  investors  con­
fidence  after  the  bleak  per­
formance  of  many
newly­listed shares in 2018.
Despite  the  headline­
grabbing  amounts  raised  in
IPOs last year, many compan­
ies languished below their of­
fer  prices  with  Sino­US  trade
tensions  keeping  investors
on tenterhooks.
Successful  floats  will  give
“investors  the  confidence
that the IPO market is still an
important  contributor  to
performance  and  that's  im­
portant  for  the  rest  of  2019”,
said  Jason  Cox,  head  of  ECM,
Asia  Pacific  for  Deutsche
Bank.

CM . ...... . . ...CH-CHE
YK
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
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SATURDAY • MARCH 30 • 2019

QUICKLY
MSTC drops 4% on listing debut
New Delhi, March 29
Shares of state­owned MSTC made a weak
market debut on Friday, falling up to 7.5 per cent
against the issue price of ₹120 a share. The stock
opened the day at ₹111, a decline of 7.5 per cent
from the issue price on the BSE. It later touched a
high of ₹116.55 and a low of ₹110.05. On the NSE,
the shares debuted at ₹115, a drop of 4.16 per
cent. The stock later jumped to a high of ₹120
and a low of ₹111. MSTC’s initial share sale, which
was extended, was subscribed 1.46 times. MSTC,
a Kolkata­based firm, was incorporated in 1964
as a trading company to deal in the export of
scrap. There are three main business verticals in
the company — e­commerce, trading and
recycling.  PTI
Late surge boosts investor
wealth by ₹8.8­lakh cr in FY19
PRESS TRUST OF INDIA
New Delhi, March 29
Investors’  wealth  zoomed  ₹8.83
lakh  crore  in  fiscal  2018­19,
driven  by  a  rally  in  the  broader
markets.
The  30­share  BSE  benchmark
Sensex advanced 5,704.23 points
or 17.3 per cent during 2018­19. It
rose  127.19  points  to  close  at
38,672.91 on Friday, the last trad­
ing day of the financial year.
All­time high
During  the  year,  the  index
touched  an  all­time  high  of
38,989.65 on August 29, 2018.
The  market  capitalisation  of
BSE­listed  companies  rose  by
₹8,83,714.01  crore  to
₹1,51,08,711.01 crore.
Investor wealth  surged  ₹20.7
lakh­crore during fiscal 2017­18.
“During  2019,  Nifty  managed
to  overcome  multiple  hurdles
(Indo­Pak  tension,  concerns  of
slowdown  in  global  economy,
and rising crude oil prices).
“In  fact,  till  February  2019,  In­
dian indices were at the bottom
of the pack,” said Pritesh Mehta,
Senior  Vice­President  —  Re­
search, YES Securities.
March saw Nifty breaking out
from  a  three­month  consolida­
tion  period  between  10,600­
11,100, Mehta added.
“Investors  are  looking  ahead
for  cues  from  the  general  elec­
tion, during which time Q4 earn­
ings  (numbers)  will  be  (an­
nounced),” said Vinod Nair, Head
of Research, Geojit Financial Ser­
vices.  17.3 per cent, during 2018­19 PAUL NORONHA
2019 off to good start but global
growth concerns cast shadow
BLOOMBERG
March 29
Asian  markets  barely  have  any
time  to  bask  in  the  glow  of  the
best start to a year since 2017, with
investors  already  pondering
where  stocks  will  go  from  here
amid  brewing  global  growth
concerns.
The  MSCI  Asia  Pacific  Index
snapped  a  two­day  slide  on  Fri­
day, on track to wrap up an 8.7 per
cent rally for the quarter and re­
covering a big chunk of the losses
sustained at the end of 2018. This
year’s highlight? China, with the
Shanghai  Composite  Index  sur­
ging  the  most  among  global
equity benchmarks.
This week has been an eventful
one  for  the  Asia  regional  bench­
mark,  its  most  volatile  since  the
second  week  of  January,  accord­
ing  to  data  compiled  by
Bloomberg. Fallout from the yield
The 30­share BSE benchmark Sensex advanced 5,704.23 points, or  curve  inversion  continues  to
dominate  the  conversation,  rais­
ing  the  concerns  over  a  coming
US  recession,  while  attention  is
once  again  turning  to  American
and  Chinese  trade  negotiations
as talks continue in Beijing.
“We  still  think  Q2  will  be  OK,
but the risks are definitely going
up,”  Paul  Kitney,  chief  strategist
for Asia Pacific equity research at
Daiwa  Capital  Markets  Hong
Kong,  said  in  an  interview.  “The
inversion in the bond market, the
weaker  US  data,  the  PMIs  in
Europe and China are indicating
a synchronous decline. The easier
credit effect is dominating for the
short  term,  but  it  won’t  last
forever,” he added.
These  latest  uncertainties  set
the table for more potential volat­
ility as the year progresses, after a
quarter in which markets around
the  world  largely  moved  in  a
straight line up on optimism over
trade and as the Federal Reserve
shifted its policy to a more dovish
stance.

Vaishnavi Gold fined for info lapses

New Delhi, March 29
Market regulator SEBI imposed penalties
totalling ₹35 lakh on Vaishnavi Gold, (formerly
In Nifty pack All eyes on Embassy Office Parks REIT listing 
Master Multi Tech) and its two directors for
multiple violations, including lapses in making
Success could attract Asia, according to Knight Frank In­ Fargo,  Morgan  Stanley,  Kotak REIT was one of the most awaited
dia. Despite the high minimum in­ Mahindra Life and National West­ events in the real estate sector as it
appropriate disclosures. Apart from the firm, foreign players to vestment  amount,  what  is  inter­ minster for their various schemes. has taken over a decade and half to
the market regulator fined its MD MJVVD
Prakash and director Jyotsana Lakshmi. During
launch more REITs esting  is  that  over  nine  crore The net proceeds from the issue, come  to  fruition.  “The  oversub­
individuals have bought the units said Embassy REIT, will be used for scription of the REITis, therefore, a
an investigation covering the period April 2010 of the REIT during the IPO.  partial  or  full  repayment  or  pre­ very encouraging sign for the real
to December 2010, the regulator noted that RINGSIDE VIEW According  to  the  unitholding payment of bank/ financial institu­ estate sector at large and specially
there was a change in the shareholding of the pattern  available  with  the  ex­ tion debt of certain SPVs, payment for the commercial segment.”
directors in the company, which the firm failed KS BADRI NARAYANAN changes,  individuals  hold  9.31 of consideration for acquisition of This  positive  response  to  the
to furnish even after reminders from SEBI.  PTI Chennai, March 29 crore units or 12.07 per cent stake Embassy  One’s  assets  currently REIT  will  help  build  confidence
Monday will see a new asset class — in  the  REIT;  foreign  portfolio  in­ held by Embassy One Developers, among  global  investors  and  at­
Wall Street opens higher real estate investment trust — en­ vestors,  including  anchor  in­ and for general purposes. tract them to consider India along
New York, March 29 tering the trading platform at the vestors, hold 14.54 per cent. Mutual with its global peers such as Singa­
Stocks moved broadly higher on Wall Street in stock  exchanges.  Blackstone­ funds hold 0.69 per cent. How the REIT works pore and Hong Kong. “We look for­
early trading on Friday, extending gains of backed Embassy Office Parks REIT Ahead of the IPO, Embassy Office REITs,  or  real  estate  investment ward to a promising future espe­
Thursday. The benchmark S&P 500 index was will  be  listing  on  the  bourses  on Parks REIT raised ₹1,743 crore by al­ trusts, are sponsored by compan­ cially  for  the  commercial  space
on track to close out the first quarter with its April 1. lotting  5.81  crore  units  to  59  an­ ies  that  own  or  finance  income­ and are likely to see more compan­
best quarterly gains since the third quarter of The Embassy Office Parks REIT, a chor investors at ₹300 a unit. The producing  real  estate  properties. ies  coming  into  the  market  with
2009. The S&P technology sector powered joint  venture  between  the  Ban­ allottees  include  Fidelity  Funds, The  company  generates  income REITs,” said Baijal.
much of those gains, climbing more than 18 galore­based  property  developer SmallCap  World  Fund,  Signature which  is  then  paid  out  to  share­ At a time when the Indian real
per cent. All eyes were on Lyft’s stock market and  private  equity  firm  Black­ High  Income,  Prusik  Umbrella holders in the form of dividends. estate sector has been facing a li­
debut. The ride­hailing company fetched a $72 stone,  closed  on  March  20,  sub­ UCITS  Fund,  American  Funds  In­ REITs must pay out at least 90 per quidity crunch due to unsold in­
Shares of Britannia Industries (file picture of Coimbatore
per share offering price that exceeded even scribed 2.57 times; through the is­ surance, Jupiter Asian Income, TT cent  of  their  taxable  income  to ventory  and  low  demand,  REITs
unit) rose over 1 per cent in early trade on Friday as it
the San Francisco company’s own sue,  it  raised  ₹4,750  crore  at  an Emerging Markets Equity, Aviva In­ shareholders — and most pay out can help cash­strapped developers
replaced HPCL in the Nifty­50. However, it could not
expectations. The Dow rose 113 points, or 0.4 issue price of ₹300/unit. The mar­ vestors,  DB  International  (Asia), 100 per cent. monetise  their  existing  proper­
maintain the gain and closed weak at ₹3,081.95 
per cent, to 25,830 as of 10­03 am Eastern Time. ket lot is 400 units.  Bottle  Palm  Private  Beneficiary As  Shishir  Baijal,  Chairman  & ties. Will REITs yield good results
The S&P 500 index gained 0.5 per cent and the This is not just India’s first REIT Trust,  Mine  Superannuation,  Ja­ Managing  Director,  Knight  Frank for  investors  and  developers?  All
Nasdaq composite added 0.6 per cent.  AP offering,  but  also  the  largest  in pan  Trustee  Services  Bank,  Wells India, says the listing of India’s first depends on the success of this IPO.
#3585

Political parties should BROKER’S CALL

THE TOP 100
Company Prev Close Open High Low Qty 52 W High 52 W Low PE BSE Close
Rail Vikas IPO
subscribed 9%
ABB India [2]. . . . . . . . . . . . . . . . . . .. . . . . 1314.90. . . . . 1316.00. . . . . 1329.80. . . . . 1330.00. . . . . 1310.10. . . . . . 224.33. . . . . 1516.55. . . . . 1123.00. . . . . 55. . . . . 1319.85
PRABHUDAS LILLADHER ACC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1617.80. . . . . 1666.30. . . . . 1623.00. . . . . 1679.85. . . . . 1601.20. . . . . 1424.99. . . . . 1676.00. . . . . 1255.00. . . . . 21. . . . . 1661.00

foot part of the bill for  Infosys (Accumulate)

CMP: ₹742.3
Adani Ports [2] . . . . . . . . . . . . . . . .. . . . . . 381.30. . . . . . 378.15. . . . . . 383.30. . . . . . 385.90. . . . . . 375.50. . . . . 4126.88. . . . . . 418.00. . . . . . 293.95. . . . . 29. . . . . . 378.00
AmbujaCement [2]. . . . . . . . . . . . . .. . . . . . 231.85. . . . . . 235.30. . . . . . 234.90. . . . . . 236.20. . . . . . 230.40. . . . . 4810.35. . . . . . 252.40. . . . . . 188.50. . . . . 30. . . . . . 235.05

schemes they suggest
ably, bring in more efficiency.
Yet  the  government  only
concentrates  on  the  first,  ig­
noring the second. IDBI Bank
was sold to LIC, which has no
business  buying  a  bank  us­
J MULRAJ ing  money  entrusted  by  its
policy  holders  to  whom  it
Target: ₹804
Infosys has announced strategic partnership
with ABN AMRO by acquiring 75 per cent
shareholding in Stater NV (a subsidiary of
ABN AMRO) which provides pure­play, end­
to­end mortgage administration services in
Netherlands, Belgium and Germany.
Infosys will pay €127.5 million (about $143
million) for the 75 per cent stake. (Expected
closure: Q1FY20). Acquisition of Stater is in
sync with Infosys strategy of strengthening
its position in Continental Europe and we
on Day 1
Ashok Ley [1] . . . . . . . . . . . . . . . . . .. . . . . . . 88.60. . . . . . . 91.30. . . . . . . 89.20. . . . . . . 92.20. . . . . . . 88.60. . . . 29043.88. . . . . . 167.50. . . . . . . 77.50. . . . . 14. . . . . . . 91.30
Asian Paints [1] . . . . . . . . . . . . . . . .. . . . . 1497.00. . . . . 1492.70. . . . . 1503.10. . . . . 1508.65. . . . . 1485.00. . . . . 1094.79. . . . . 1507.95. . . . . 1112.60. . . . . 67. . . . . 1491.90
Aurobindo Phr [1] . . . . . . . . . . . . . .. . . . . . 769.25. . . . . . 784.25. . . . . . 774.00. . . . . . 802.55. . . . . . 774.00. . . . . 3809.17. . . . . . 830.00. . . . . . 527.05. . . . . 33. . . . . . 786.00
AvenuSupmart . . . . . . . . . . . . . . . . .. . . . . 1472.50. . . . . 1471.10. . . . . 1479.80. . . . . 1489.50. . . . . 1465.00. . . . . . 326.68. . . . . 1696.15. . . . . 1126.95. . . . 102. . . . . 1470.10
Axis Bank [2]. . . . . . . . . . . . . . . . . . .. . . . . . 780.70. . . . . . 777.25. . . . . . 777.00. . . . . . 781.35. . . . . . 767.60. . . . . 9661.91. . . . . . 788.55. . . . . . 477.50. . . . 204. . . . . . 776.10
Bajaj Auto . . . . . . . . . . . . . . . . . . . . .. . . . . 2948.80. . . . . 2911.10. . . . . 2953.00. . . . . 2953.00. . . . . 2891.55. . . . . . 739.33. . . . . 3213.95. . . . . 2425.00. . . . . 19. . . . . 2915.05 PRESS TRUST OF INDIA
Bajaj Hld. . . . . . . . . . . . . . . . . . . . . . .. . . . . 3593.65. . . . . 3416.55. . . . . 3570.00. . . . . 3730.00. . . . . 3352.10. . . . . . 114.77. . . . . 3750.00. . . . . 2203.65. . . . . 44. . . . . 3418.05
BajajFin [2]. . . . . . . . . . . . . . . . . . . . .. . . . . 2995.85. . . . . 3025.00. . . . . 3010.00. . . . . 3034.95. . . . . 2965.60. . . . . 1734.85. . . . . 3035.00. . . . . 1769.75. . . . . 50. . . . . 3024.85
New Delhi, March 29
BajajFinserv [5]. . . . . . . . . . . . . . . . .. . . . . 6952.55. . . . . 7037.05. . . . . 7001.00. . . . . 7060.00. . . . . 6941.00. . . . . . 211.74. . . . . 7200.00. . . . . 4960.00. . . . 354. . . . . 7035.45 The initial public offering of state­owned Rail
BandhanBank . . . . . . . . . . . . . . . . . .. . . . . . 522.35. . . . . . 526.25. . . . . . 525.00. . . . . . 529.50. . . . . . 514.00. . . . . 1014.30. . . . . . 741.00. . . . . . 369.15. . . . . 37. . . . . . 524.95
Vikas Nigam was subscribed 9 per cent on Fri­
BharInfratel . . . . . . . . . . . . . . . . . . . .. . . . . . 317.10. . . . . . 313.40. . . . . . 317.50. . . . . . 319.15. . . . . . 310.85. . . . . 1743.10. . . . . . 348.60. . . . . . 241.80. . . . . 21. . . . . . 313.45
Bharti Air [5] . . . . . . . . . . . . . . . . . . .. . . . . . 329.95. . . . . . 333.10. . . . . . 331.00. . . . . . 336.35. . . . . . 329.00. . . . . 4459.76. . . . . . 427.00. . . . . . 277.00. . . . . -. . . . . . 332.90 day — the first day of bidding.
BHEL [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 71.55. . . . . . . 74.95. . . . . . . 71.70. . . . . . . 76.35. . . . . . . 71.65. . . . 35964.90. . . . . . . 91.10. . . . . . . 56.25. . . . . 26. . . . . . . 74.90 The  ₹481­crore  IPO  received  bids  for  2.19
Biocon [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . . 606.95. . . . . . 610.55. . . . . . 611.50. . . . . . 619.00. . . . . . 606.10. . . . . 1377.83. . . . . . 718.35. . . . . . 543.80. . . . 116. . . . . . 611.00
Bk ofBar [2]. . . . . . . . . . . . . . . . . . . .. . . . . . 130.10. . . . . . 128.65. . . . . . 130.95. . . . . . 133.10. . . . . . 127.65. . . . 32698.78. . . . . . 157.45. . . . . . . 90.70. . . . . -. . . . . . 128.80
crore  shares  against  the  total  issue  size  of
Bosch . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 17886.15. . . . 18184.85. . . . 17997.60. . . . 18277.10. . . . 17629.75. . . . . . . 46.94. . . . 22400.00. . . . 17169.70. . . . . 32. . . . 18165.55 over  25.34  crore  shares,  according  to  the
BPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 385.85. . . . . . 397.55. . . . . . 387.90. . . . . . 398.90. . . . . . 387.00. . . . . 4551.66. . . . . . 454.95. . . . . . 239.00. . . . . 13. . . . . . 396.35 latest data on the NSE.

I
t is great to be able to party
at someone else’s expense.
Politicians, as a class, love to
dip  their  grubby  hands  into
others’  pockets,  especially
close  to  election  time,  when
they  promise  the  earth  to
curry  favour  with  the
electorate.
Do  the  math  on  the  latest
scheme, by Rahul Gandhi, of­
fering ₹72,000 per annum to
some  five  crore  of  the
poorest  families.  This  works
out to ₹3.6 lakh crore, or 2.6
per cent of India’s GDP. India
allocated  ₹4.3  lakh  crore on
defence.
So to raise ₹3.6 lakh crore,
either the defence (or other)
budgets  would  need  to  be
cut,  or  the  fiscal  deficit  will
go through the roof, and In­
dia’s  rating  through  the
floor!
It would be a good idea to
pass  a  law  for  such  hare­
brained schemes. Simply ask
the political party proposing
it,  to  pay,  say,  10  per  cent  of
the cost, upfront. The most ef­
fective way to prevent people
from offering free drinks on
the  house  is  to  make  them
pay for it.
The ludicrity of the sugges­
tion  gets  magnified  looking
to the 15 per cent shortfall, as
announced  by  CBDT,  in  the
₹12­lakh  crore tax  collection
target  a  week  before  year­
end.  That  is  ₹1.8  lakh  crore.
It’s not as if India has a cornu­
copia  of  resources  to  delve
into.
The  government,  on  its
part,  is  misusing  its  powers
to raise resources to meet the
tax collection shortfall.
Take its effort to ‘disinvest’
its  holding  in  government
companies.  This  is  for  two
purposes.  One,  to  raise  re­
sources.  Vedanta Ltd [1] . . . . . . . . . . . . . . . .. . . . . . 178.05. . . . . . 184.45. . . . . . 178.60. . . . . . 185.40. . . . . . 178.55. . . . 16393.06. . . . . . 313.50. . . . . . 145.90. . . . . 10. . . . . . 183.75
Two, to get out of business,
leaving  it  to  the  private  sec­
tor  which  would,  presum­
owes  a  fiduciary  duty.  HPCL
was  sold  to  ONGC,  and  re­
tained  as  two  separate  com­
panies,  denying  the  benefits
of synergies through merger.  and impact on EBIT margins will be 25 bps
We have not learnt lessons
from  other  countries.
Venezuela’s  upstream  oil
company, PDVSA, was used by
Hugo  Chavez  as  an  ATM  to
spend  on  his  favourite
schemes. It is now bankrupt,
as is the country, in the midst
of  a  political,  economic  and
social turmoil. PDVSA has the
oil reserves, but no money to
extract  them.  Do  we  wish
ONGC  to  go  down  the  same
path?
CBDT’s bizarre demand
Even  more  bizarre  is  the
₹5,872­crore  demand  by
CBDT,  in  its  desperate  quest
for  resources,  to  tax  Grasim
when it merged two compan­
ies,  in  a  reorganisation.  The
CBDT  taxed  the  shares  allot­
ted  to  Grasim  as  a  dividend,
and sought tax on it! This is
truly an out of the carton, not
box, interpretation.
The  Insolvency  &  Bank­
ruptcy Code has succeeded in
resulting in a massive sale of
corporate  assets,  which  will
improve  the  health  of  the
banking sector. Essar Steel of
the  Ruias  is  sold  to  Arcelor
Mittal,  others  are  Bhushan
group,  Jaypee  group,  Lanco
group, and others.
So,  the  India  story  would
be  an  appealing  one,  except
for  the  pre­election  splurge,
and wastage, of economic re­
sources,  which  inhibits  any
future  government’s  ability
to  kick­start  the  investment
cycle.  Hence,  the  stock  mar­
ket  is  unlikely  to  run  away
until  such  time  as  fiscal
prudence is restored.
(The writer is India Head —
Finance Asia/Haymarket. The
views are personal.)
expect revenue for the business to be about
$200 million with high single digit margin,
implying valuation of about 1x EV/Sales. It
will add about 1.6 per cent revenue growth
(assuming EBIT margins of 7 per cent) and
will be marginally EPS­dilutive on FY20E.  Dr Reddy [5] . . . . . . . . . . . . . . . . . . .. . . . . 2717.20. . . . . 2780.25. . . . . 2739.70. . . . . 2787.95. . . . . 2733.20. . . . . . 578.35. . . . . 2875.00. . . . . 1888.00. . . . . 37. . . . . 2774.15
The inorganic strategy of Infosys will help
them to accelerate revenue momentum. We
expect 9.3 per cent dollar revenue and 10.3
per cent EPS CAGR over FY19E­21E. We have
‘Accumulate’ rating on Infosys and value at
18.5x Mar­21 earnings to arrive at a target
price of ₹804.
ANAND RATHI
ICICI Lombard (Buy)
CMP: ₹1,032.85
Target: ₹1,210
ICICI Lombard General Insurance Company
(ICICIGI) is the fourth largest non­life
insurance company and the largest private
player in the industry.
ICICIGI issued 23.5 million policies in FY18
and its gross direct premium income (GDPI)
increased 15.2 per cent year over year(y/y) to
₹123.57 billion. During 9MFY19, GDPI
increased 16.7 per cent y­o­y, outpacing the
industry growth rate of 13.1 per cent.
Focussing on retail health, ICICIGI grew its
retail indemnity new business by more than
50 per cent during 9M2019.
ICICIGI’s improved risk selection,
conservative reserving and disciplined
underwriting practice has helped in prudent
management of combined ratio, a key
measure of profitability of a non­life
insurance company. Combined ratio which
is the sum of the loss ratio and the net
expense ratio, has improved to 98.7 per cent
in 9MFY19 from 100.4 per cent in 9MFY18.
Combined ratio of less than 100 per cent
indicates earned premiums are greater than
losses and expenses.
Given ICICIGI’s impressive underwriting
performance, diversified product mix and
favourable macro traits, we believe the
company is well positioned for long term
growth and initiate our coverage on ICICI
Lombard General Insurance Company with a
‘buy’ rating and a target price of ₹1,210 a
share.
Business Line is not responsible for the recommendations
sourced from third party brokerages. Reports may be sent
to: blmarketwatch@gmail.com
Britannia [1] . . . . . . . . . . . . . . . . . . .. . . . . 3096.55. . . . . 3085.50. . . . . 3120.00. . . . . 3139.00. . . . . 3045.00. . . . . . 595.11. . . . . 3472.05. . . . . 2492.33. . . . . 69. . . . . 3081.95
Cadila HC [1] . . . . . . . . . . . . . . . . . .. . . . . . 335.95. . . . . . 347.05. . . . . . 337.65. . . . . . 349.20. . . . . . 336.25. . . . . 1608.32. . . . . . 432.40. . . . . . 306.35. . . . . 22. . . . . . 346.60 The category reserved for non­institutional
Cipla [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 525.60. . . . . . 528.90. . . . . . 525.75. . . . . . 530.70. . . . . . 524.00. . . . . 2162.63. . . . . . 678.00. . . . . . 483.75. . . . . 28. . . . . . 529.30 investors  was  subscribed  2  per  cent,  while
Coal India . . . . . . . . . . . . . . . . . . . . .. . . . . . 236.10. . . . . . 237.20. . . . . . 236.50. . . . . . 239.30. . . . . . 233.50. . . . 14086.65. . . . . . 303.00. . . . . . 212.00. . . . . 10. . . . . . 236.80
that  for  retail  individual  investors  was  sub­
Colgate [1]. . . . . . . . . . . . . . . . . . . . .. . . . . 1251.90. . . . . 1258.15. . . . . 1252.50. . . . . 1265.00. . . . . 1250.70. . . . . . 242.95. . . . . 1365.20. . . . . 1020.10. . . . . 46. . . . . 1258.45
Concor [5] . . . . . . . . . . . . . . . . . . . . .. . . . . . 511.20. . . . . . 525.30. . . . . . 513.10. . . . . . 535.00. . . . . . 513.10. . . . . 1348.72. . . . . . 568.80. . . . . . 433.16. . . . . 28. . . . . . 524.65 scribed 24 per cent.
Dabur [1] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 410.95. . . . . . 408.80. . . . . . 414.30. . . . . . 414.50. . . . . . 407.00. . . . . 5749.81. . . . . . 490.70. . . . . . 327.00. . . . . 60. . . . . . 409.05 The price range for the offer, which would
Divis Lab [2] . . . . . . . . . . . . . . . . . . .. . . . . 1654.55. . . . . 1703.10. . . . . 1661.00. . . . . 1714.90. . . . . 1661.00. . . . . 1026.22. . . . . 1767.10. . . . . . 994.95. . . . . 35. . . . . 1703.20
DLF Ltd [2]. . . . . . . . . . . . . . . . . . . . .. . . . . . 194.05. . . . . . 202.45. . . . . . 195.95. . . . . . 206.40. . . . . . 193.80. . . . 19479.64. . . . . . 226.00. . . . . . 141.20. . . . . 49. . . . . . 201.60 close  on  April  3,  has  been  fixed  at  ₹17­19  a
share.
Eicher Motor . . . . . . . . . . . . . . . . . . .. . . . 20899.00. . . . 20547.70. . . . 20795.00. . . . 20800.00. . . . 20498.00. . . . . . 114.11. . . . 32209.50. . . . 18780.00. . . . . 28. . . . 20538.10
The  IPO  is  expected  to  raise  about  ₹481
GAIL. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 358.30. . . . . . 347.65. . . . . . 359.05. . . . . . 360.70. . . . . . 344.00. . . . . 6527.84. . . . . . 398.80. . . . . . 296.00. . . . . 13. . . . . . 347.30
crore at the upper end of the price band.
GenInsurCorp [5] . . . . . . . . . . . . . . .. . . . . . 238.70. . . . . . 241.65. . . . . . 239.00. . . . . . 244.75. . . . . . 239.00. . . . . . 100.12. . . . . . 384.55. . . . . . 206.35. . . . . 18. . . . . . 242.60
Godrej Cons [1] . . . . . . . . . . . . . . . .. . . . . . 693.50. . . . . . 686.00. . . . . . 701.85. . . . . . 701.85. . . . . . 680.50. . . . . 1013.74. . . . . . 979.34. . . . . . 628.15. . . . . 61. . . . . . 687.15 The equity shares of RVNL are proposed to
Grasim [2] . . . . . . . . . . . . . . . . . . . . .. . . . . . 830.15. . . . . . 857.95. . . . . . 838.80. . . . . . 861.00. . . . . . 828.25. . . . . 1635.61. . . . . 1115.00. . . . . . 688.65. . . . . 22. . . . . . 858.20
be listed on the BSE and the NSE.
HavellsIndia [1]. . . . . . . . . . . . . . . . .. . . . . . 760.55. . . . . . 772.50. . . . . . 765.00. . . . . . 780.00. . . . . . 764.55. . . . . 1446.73. . . . . . 780.35. . . . . . 484.45. . . . . 59. . . . . . 770.95
HCL Tech [2] . . . . . . . . . . . . . . . . . . .. . . . . 1082.90. . . . . 1087.45. . . . . 1090.00. . . . . 1098.45. . . . . 1067.65. . . . . 2827.22. . . . . 1124.50. . . . . . 880.00. . . . . 18. . . . . 1088.00
HDFC [2]. . . . . . . . . . . . . . . . . . . . . . .. . . . . 1944.45. . . . . 1968.25. . . . . 1950.05. . . . . 1972.25. . . . . 1936.05. . . . . 4320.18. . . . . 2051.00. . . . . 1646.00. . . . . 35. . . . . 1967.30
HDFC AMC [5] . . . . . . . . . . . . . . . . .. . . . . 1522.65. . . . . 1533.90. . . . . 1520.00. . . . . 1542.60. . . . . 1512.00. . . . . . 120.00. . . . . 1969.50. . . . . 1248.30. . . . . 45. . . . . 1534.20
HDFC Bank [2] . . . . . . . . . . . . . . . . .. . . . . 2302.80. . . . . 2318.90. . . . . 2304.60. . . . . 2325.00. . . . . 2294.00. . . . . 2986.74. . . . . 2327.00. . . . . 1880.25. . . . . 32. . . . . 2316.50
HDFCStandLif . . . . . . . . . . . . . . . . . .. . . . . . 371.55. . . . . . 378.50. . . . . . 372.75. . . . . . 384.25. . . . . . 369.30. . . . . 4830.96. . . . . . 547.25. . . . . . 345.00. . . . . 61. . . . . . 378.50
HeroMoto [2]. . . . . . . . . . . . . . . . . . .. . . . . 2525.75. . . . . 2553.15. . . . . 2540.00. . . . . 2577.75. . . . . 2526.20. . . . . 1164.41. . . . . 3862.00. . . . . 2517.20. . . . . 14. . . . . 2555.25
Tantallon Fund pays
Hind.Znc [2]. . . . . . . . . . . . . . . . . . . .. . . . . . 275.80. . . . . . 276.85. . . . . . 278.90. . . . . . 278.90. . . . . . 274.65. . . . . . 427.94. . . . . . 336.35. . . . . . 243.00. . . . . 14. . . . . . 276.40
Hindalco [1] . . . . . . . . . . . . . . . . . . . .. . . . . . 202.35. . . . . . 205.50. . . . . . 205.85. . . . . . 207.90. . . . . . 204.45. . . . 12838.74. . . . . . 267.35. . . . . . 182.55. . . . . 34. . . . . . 205.35
HPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 272.45. . . . . . 283.85. . . . . . 275.10. . . . . . 286.00. . . . . . 274.80. . . . . 8952.34. . . . . . 370.00. . . . . . 163.45. . . . . . 9. . . . . . 283.50
₹55 lakh to settle
HUL [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1683.90. . . . . 1706.80. . . . . 1695.30. . . . . 1712.85. . . . . 1691.90. . . . . 2348.87. . . . . 1870.50. . . . . 1321.60. . . . . 62. . . . . 1707.80
ICICI Bank [2] . . . . . . . . . . . . . . . . . .. . . . . . 400.55. . . . . . 400.50. . . . . . 402.15. . . . . . 402.40. . . . . . 395.10. . . . 18813.78. . . . . . 402.70. . . . . . 256.50. . . . . 76. . . . . . 398.85
ICICILombGIC . . . . . . . . . . . . . . . . . .. . . . . 1005.30. . . . . 1033.30. . . . . 1011.00. . . . . 1034.95. . . . . . 992.35. . . . . . 703.62. . . . . 1037.00. . . . . . 683.00. . . . . 45. . . . . 1032.85
case with SEBI
Idea Cell. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 29.00. . . . . . . 18.25. . . . . . . 17.95. . . . . . . 20.45. . . . . . . 17.75. . . 213974.38. . . . . . . 47.35. . . . . . . 17.06. . . . . -. . . . . . . 18.15
IndiabullHSG [2] . . . . . . . . . . . . . . . .. . . . . . 811.15. . . . . . 858.25. . . . . . 824.30. . . . . . 867.30. . . . . . 805.70. . . . 18735.27. . . . . 1396.85. . . . . . 576.35. . . . . 10. . . . . . 857.20 PRESS TRUST OF INDIA
IndusInd BK. . . . . . . . . . . . . . . . . . . .. . . . . 1821.10. . . . . 1780.00. . . . . 1812.90. . . . . 1814.95. . . . . 1770.35. . . . . 2660.61. . . . . 2037.90. . . . . 1333.90. . . . . 28. . . . . 1782.10 New Delhi, March 29
Infosys [5] . . . . . . . . . . . . . . . . . . . . .. . . . . . 737.80. . . . . . 743.85. . . . . . 743.90. . . . . . 747.95. . . . . . 740.00. . . . . 6924.06. . . . . . 771.15. . . . . . 549.50. . . . . 23. . . . . . 742.30
The  Tantallon  Fund  has  settled  a  probe  by
IntGlobAviat . . . . . . . . . . . . . . . . . . .. . . . . 1438.50. . . . . 1428.15. . . . . 1433.00. . . . . 1449.95. . . . . 1421.50. . . . . 1253.10. . . . . 1520.00. . . . . . 697.00. . . . . -. . . . . 1427.10
IOC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 161.30. . . . . . 162.85. . . . . . 163.00. . . . . . 165.10. . . . . . 162.20. . . . 24363.01. . . . . . 181.25. . . . . . 105.65. . . . . 10. . . . . . 162.70 market regulator SEBI into alleged violation
I-PruLifeINS . . . . . . . . . . . . . . . . . . . .. . . . . . 352.40. . . . . . 350.25. . . . . . 351.10. . . . . . 355.55. . . . . . 347.40. . . . . 2484.79. . . . . . 462.00. . . . . . 277.95. . . . . 41. . . . . . 349.50 of  foreign  institutional  investor  norms  by
ITC [1]. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 300.00. . . . . . 297.25. . . . . . 302.00. . . . . . 303.00. . . . . . 295.45. . . . 11913.34. . . . . . 322.70. . . . . . 255.50. . . . . 31. . . . . . 296.70
JSW STEEL [1] . . . . . . . . . . . . . . . . .. . . . . . 288.25. . . . . . 293.05. . . . . . 290.30. . . . . . 297.95. . . . . . 288.75. . . . . 8338.65. . . . . . 427.30. . . . . . 256.80. . . . . . 8. . . . . . 292.85
paying  over  ₹55  lakh  towards  settlement
Kot.Mah.Bk [5] . . . . . . . . . . . . . . . . .. . . . . 1340.75. . . . . 1334.50. . . . . 1350.00. . . . . 1352.00. . . . . 1329.10. . . . . 2257.77. . . . . 1424.00. . . . . 1002.30. . . . . 56. . . . . 1335.75 charges.
L&T [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1386.70. . . . . 1385.30. . . . . 1394.90. . . . . 1405.00. . . . . 1380.50. . . . . 2917.36. . . . . 1459.10. . . . . 1183.40. . . . . 31. . . . . 1384.05
The  regulator  had  initiated  adjudication
L&TFinHold . . . . . . . . . . . . . . . . . . . .. . . . . . 153.60. . . . . . 152.55. . . . . . 153.05. . . . . . 153.60. . . . . . 150.50. . . . . 6314.33. . . . . . 189.55. . . . . . 111.20. . . . . 79. . . . . . 152.45
Lupin [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 724.85. . . . . . 739.60. . . . . . 731.00. . . . . . 745.45. . . . . . 730.00. . . . . 2556.74. . . . . . 986.00. . . . . . 720.40. . . . . 26. . . . . . 739.10 proceedings  in  December  2017  against  the
M&M [5] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 655.95. . . . . . 673.90. . . . . . 659.60. . . . . . 675.75. . . . . . 657.75. . . . . 3955.60. . . . . . 992.00. . . . . . 615.75. . . . . 17. . . . . . 671.80 firm  to  adjudge  the  alleged  violation  of
Marico Ltd [1]. . . . . . . . . . . . . . . . . .. . . . . . 337.60. . . . . . 346.65. . . . . . 339.00. . . . . . 347.80. . . . . . 336.45. . . . . 2024.60. . . . . . 397.00. . . . . . 286.25. . . . . 50. . . . . . 345.25
norms pertaining to FIIs.
Maruti [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . 6596.25. . . . . 6672.55. . . . . 6610.00. . . . . 6775.00. . . . . 6565.10. . . . . 1458.09. . . . . 9922.85. . . . . 6324.35. . . . . 27. . . . . 6671.70
MothersSum [1] . . . . . . . . . . . . . . . .. . . . . . 145.75. . . . . . 149.70. . . . . . 145.00. . . . . . 150.25. . . . . . 144.50. . . . . 8853.51. . . . . . 239.40. . . . . . 127.50. . . . . 56. . . . . . 149.25 While the proceedings were initiated, the
MRF . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 56296.95. . . . 57987.15. . . . 56300.10. . . . 58175.00. . . . 56300.10. . . . . . . 10.55. . . . 81423.00. . . . 53901.45. . . . . 21. . . . 58056.30
firm in September 2018 filed an application
NHPC Ltd . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 24.60. . . . . . . 24.70. . . . . . . 24.60. . . . . . . 24.90. . . . . . . 24.60. . . . . 7301.69. . . . . . . 30.10. . . . . . . 22.20. . . . . 11. . . . . . . 24.75
NMDC Ltd [1] . . . . . . . . . . . . . . . . . .. . . . . . 101.15. . . . . . 104.45. . . . . . 102.40. . . . . . 105.85. . . . . . 102.30. . . . . 7228.24. . . . . . 126.15. . . . . . . 86.45. . . . . . 7. . . . . . 104.15 under  the  settlement  mechanism  and  re­
NTPC . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 135.75. . . . . . 134.70. . . . . . 137.15. . . . . . 140.55. . . . . . 132.70. . . . 47265.22. . . . . . 149.87. . . . . . 106.75. . . . . 13. . . . . . 135.35 quested  SEBI  to  keep  the  adjudication  pro­
ONGC [5] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 155.90. . . . . . 159.75. . . . . . 157.00. . . . . . 162.30. . . . . . 155.50. . . . 28968.72. . . . . . 191.85. . . . . . 127.90. . . . . . 7. . . . . . 159.55
ceedings in abeyance.
Oracle Fin [5] . . . . . . . . . . . . . . . . . .. . . . . 3362.90. . . . . 3387.80. . . . . 3372.00. . . . . 3447.05. . . . . 3365.00. . . . . . . 32.86. . . . . 4655.00. . . . . 3327.00. . . . . 25. . . . . 3387.40
PAGE INDUSTRIES . . . . . . . . . . . . . .. . . . 24247.95. . . . 24972.25. . . . 24605.05. . . . 25059.45. . . . 24511.05. . . . . . . 67.07. . . . 36335.95. . . . 20310.05. . . . . 67. . . . 24897.35 Under the settlement, an entity is allowed
Petronet . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 244.45. . . . . . 251.55. . . . . . 246.70. . . . . . 253.00. . . . . . 244.80. . . . . 4411.05. . . . . . 252.40. . . . . . 202.00. . . . . 17. . . . . . 250.50 to settle charges by paying a penalty without
PGHH . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 10843.95. . . . 10833.55. . . . 10829.00. . . . 10999.00. . . . 10555.15. . . . . . . . 5.50. . . . 11190.00. . . . . 8714.00. . . . . 89. . . . 10745.90
admission or denial of guilt.
PidiliteInd [1] . . . . . . . . . . . . . . . . . .. . . . . 1225.95. . . . . 1246.25. . . . . 1234.00. . . . . 1250.00. . . . . 1226.50. . . . . . 655.26. . . . . 1248.85. . . . . . 898.00. . . . . 65. . . . . 1242.35
PiramalEntp [2]. . . . . . . . . . . . . . . . .. . . . . 2693.65. . . . . 2763.25. . . . . 2725.00. . . . . 2772.65. . . . . 2715.00. . . . . . 647.40. . . . . 3302.55. . . . . 1796.75. . . . . 73. . . . . 2754.70 The company, at its meeting with the regu­
PowerGrid . . . . . . . . . . . . . . . . . . . . .. . . . . . 198.25. . . . . . 197.90. . . . . . 198.00. . . . . . 200.60. . . . . . 196.75. . . . . 6938.85. . . . . . 217.00. . . . . . 173.05. . . . . 12. . . . . . 198.10
lator’s  internal  committee,  in  November
Reliance . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1360.00. . . . . 1363.25. . . . . 1370.05. . . . . 1376.85. . . . . 1355.10. . . . . 7699.27. . . . . 1386.60. . . . . . 886.10. . . . . 24. . . . . 1363.05
SAIL. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 50.70. . . . . . . 53.75. . . . . . . 51.00. . . . . . . 54.35. . . . . . . 51.00. . . . 36912.32. . . . . . . 91.10. . . . . . . 44.10. . . . . . 9. . . . . . . 53.70 2018, proposed to pay settlement charges.
SBI [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 319.00. . . . . . 320.75. . . . . . 321.10. . . . . . 323.00. . . . . . 316.25. . . . 30394.72. . . . . . 325.85. . . . . . 232.00. . . . . -. . . . . . 320.80 Thereafter,  SEBI’s  High  Powered  Advisory
SBILifeInsur . . . . . . . . . . . . . . . . . . . .. . . . . . 616.20. . . . . . 583.40. . . . . . 614.00. . . . . . 614.00. . . . . . 581.60. . . . . 6792.16. . . . . . 774.75. . . . . . 487.00. . . . . 47. . . . . . 579.55
Shr.Tr.Fin . . . . . . . . . . . . . . . . . . . . . .. . . . . 1278.25. . . . . 1277.40. . . . . 1286.20. . . . . 1289.40. . . . . 1253.00. . . . . 1216.52. . . . . 1670.60. . . . . . 903.50. . . . . 16. . . . . 1273.40 Committee recommended the case for settle­
ShreeCements. . . . . . . . . . . . . . . . . .. . . . 18268.85. . . . 18667.65. . . . 18160.50. . . . 18949.00. . . . 17930.00. . . . . . . 40.67. . . . 19260.00. . . . 13125.00. . . . . 55. . . . 18634.65 ment on payment of ₹55.02 lakh which was
Siemens [2] . . . . . . . . . . . . . . . . . . . .. . . . . 1088.05. . . . . 1128.80. . . . . 1104.00. . . . . 1137.00. . . . . 1102.10. . . . . 1907.39. . . . . 1154.45. . . . . . 841.00. . . . . 43. . . . . 1127.95
subsequently  approved  by  the  regulator’s
Sun Pharma [1] . . . . . . . . . . . . . . . .. . . . . . 475.45. . . . . . 478.85. . . . . . 475.55. . . . . . 482.95. . . . . . 472.30. . . . . 5625.34. . . . . . 678.80. . . . . . 375.40. . . . 145. . . . . . 479.25
Tata Motors [2] . . . . . . . . . . . . . . . .. . . . . . 170.55. . . . . . 174.25. . . . . . 171.15. . . . . . 177.05. . . . . . 171.00. . . . 17780.44. . . . . . 372.40. . . . . . 141.90. . . . . 21. . . . . . 174.30 panel of whole­time members.
Tata Steel . . . . . . . . . . . . . . . . . . . . .. . . . . . 506.30. . . . . . 521.00. . . . . . 510.00. . . . . . 525.00. . . . . . 508.05. . . . 11965.61. . . . . . 646.70. . . . . . 442.10. . . . . . 6. . . . . . 520.85
TCS [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2000.30. . . . . 2001.65. . . . . 2019.00. . . . . 2024.90. . . . . 1983.55. . . . . 2948.96. . . . . 2273.00. . . . . 1422.50. . . . . 26. . . . . 2000.40
₹33,467 for delay
Tech Mahindra [5] . . . . . . . . . . . . .. . . . . . 771.70. . . . . . 775.90. . . . . . 778.95. . . . . . 781.95. . . . . . 771.00. . . . . 2455.46. . . . . . 840.10. . . . . . 603.10. . . . . 17. . . . . . 776.20
TheNewIndAss [5] . . . . . . . . . . . . . .. . . . . . 191.70. . . . . . 189.75. . . . . . 191.95. . . . . . 197.25. . . . . . 188.60. . . . . . 178.13. . . . . . 382.13. . . . . . 165.00. . . . . 26. . . . . . 190.75 However, the committee found that the set­
TitanCompany [1] . . . . . . . . . . . . . .. . . . . 1134.25. . . . . 1141.85. . . . . 1134.05. . . . . 1152.00. . . . . 1112.00. . . . . 2767.75. . . . . 1146.00. . . . . . 731.70. . . . . 72. . . . . 1137.50
tlement  amount  was  remitted  after  the  ex­
UB [1] . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1374.90. . . . . 1394.80. . . . . 1383.25. . . . . 1398.85. . . . . 1376.05. . . . . 1960.27. . . . . 1493.75. . . . . . 945.00. . . . . 63. . . . . 1395.15
UltraTech . . . . . . . . . . . . . . . . . . . . . .. . . . . 3908.95. . . . . 3998.35. . . . . 3934.70. . . . . 4010.00. . . . . 3913.00. . . . . . 385.05. . . . . 4490.00. . . . . 3263.70. . . . . 53. . . . . 3999.05 piry of 30 calendar days from the receipt of
United Spr [2] . . . . . . . . . . . . . . . . . .. . . . . . 532.40. . . . . . 553.90. . . . . . 536.00. . . . . . 558.00. . . . . . 536.00. . . . . 3353.75. . . . . . 730.80. . . . . . 439.00. . . . . 54. . . . . . 553.00 notice of demand.
UPL [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 929.05. . . . . . 958.85. . . . . . 930.10. . . . . . 962.90. . . . . . 926.05. . . . . 2110.47. . . . . . 958.90. . . . . . 537.90. . . . 127. . . . . . 956.00
Hence, an additional ₹33,467 was charged
Wipro [2] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 254.75. . . . . . 254.80. . . . . . 257.10. . . . . . 259.60. . . . . . 254.35. . . . . 5241.22. . . . . . 297.00. . . . . . 190.13. . . . . 20. . . . . . 254.75 from the firm as simple interest. Therefore, a
YES Bank [2] . . . . . . . . . . . . . . . . . . .. . . . . . 276.10. . . . . . 275.10. . . . . . 277.90. . . . . . 281.50. . . . . . 273.55. . . . 35855.96. . . . . . 404.00. . . . . . 147.00. . . . . 14. . . . . . 275.05
total  amount  of  ₹55.35  lakh  was  submitted
Zee Ent [1]. . . . . . . . . . . . . . . . . . . . .. . . . . . 442.80. . . . . . 445.50. . . . . . 443.50. . . . . . 453.80. . . . . . 437.10. . . . . 8632.88. . . . . . 609.75. . . . . . 288.95. . . . . 22. . . . . . 444.30
by the firm towards settlement charges.

CM . ..... . . . ..CH-CHE
YK
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Positive cross-over Negative cross-over NSE Fast track (in ₹) Sector By Sector Highs & Lows
Price Over 14 days Days
Company Close 7­day avg Chg% 50­day avg Company Close 7­day avg Chg% 50­day avg Close(₹) Pr Close(₹) % Change 52wk high(₹) 52wk low(₹)
Mar 11,2019 HIgh Low Close GL(%) Gain Loss

Adani Ports 378.00 359.99 5.00 365.57

Nifty Auto 8335.35 8234.25 1.23 11760.85 8035.55 Name Pr cl Close % Name H/L Close % Name H/L Close %
Nh 213.75 224.77 ­4.90 232.55
Mahanagar Gas Ltd. 891.35 1055.05 891.35 1055.05 18.37 12 1 Nifty Bank 30426.80 30420.55 0.02 30499.15 24240.05
Shrmcityun 1859.65 1771.16 5.00 1871.57 Aegis Logis 202.95 212.82 ­4.64 225.08
Rajesh Exports Ltd 593.50 671.25 593.50 665.95 12.21 12 1
Trent Ltd. 359.85 342.80 4.97 342.38 La­Opala Rg 216.35 226.82 ­4.62 237.91 Nifty Commodities 3625.80 3557.30 1.93 3881.45 3082.40 L TOP GAINERS
Godfrey Phil 1033.45 1159.10 1033.45 1159.10 12.16 11 2
Jubl Food 1442.90 1375.42 4.91 1601.81 Ajanta Pharm 1030.40 1079.91 ­4.58 1104.49 Havells I 780.00 772.50 1.57 Chromatic 0.85 0.85 ­5.56
Fut Lifestyle Fash Ltd 440.10 489.65 440.10 489.65 11.26 11 2 Nifty Consumption 4855.40 4817.45 0.79 5416.45 4369.95 Gemini Co 0.20 0.25 25.00
Nestle (I) 10994.25 10480.59 4.90 10212.72 Andhra Bank 28.10 29.44 ­4.55 31.71
Thomas Cook 220.85 256.80 220.85 256.80 16.28 10 3 Nifty Energy 16484.00 16384.50 0.61 16632.90 12948.65 Srs 0.25 0.30 20.00 Icici Ban 402.40 400.50 ­0.01 Cyber Med 4.65 4.65 ­3.13
Power Grid 198.10 189.26 4.67 192.52 Oil India 185.35 194.16 ­4.54 200.68
L&T Infotech Limited 1647.50 1702.60 1568.00 1702.60 3.34 10 3 Nifty Fin Service 12544.15 12474.35 0.56 12552.75 10029.20 Ece Inds. 224.30 268.65 19.77 Ipca Labs 1046.00 981.85 2.32 Jaihind P 1.45 1.45 ­3.33
Tornt Power 257.20 245.93 4.58 245.05 Great Easte 282.95 296.20 ­4.47 305.57
Torrent Pharmaceuticals L 1789.85 1949.75 1789.85 1949.75 8.93 10 3 Kotak Ban 368.00 328.09 5.62 Jvl Agro  2.85 2.95 0.00
Nbcc 66.30 63.40 4.57 79.88 M&M Finanser 420.95 440.45 ­4.43 450.19 Nifty FMCG 30321.40 30243.25 0.26 33167.90 26667.90 Monnet Is 23.50 28.05 19.36
Blue Dart Express Ltd 3220.60 3593.85 3212.10 3593.85 11.59 10 3
Allcargo 114.55 109.54 4.57 115.59 Aubank 593.30 620.71 ­4.42 632.48 Merck 3700.00 3693.05 3.83 Kaushalya 0.65 0.65 ­7.14
Can Fin Homes Ltd 307.35 348.85 307.35 348.85 13.5 10 3 Nifty Infra 3207.90 3197.60 0.32 3529.90 2777.90 Shekhawat 0.30 0.35 16.67
Larsen & Tou 1384.05 1323.81 4.55 1330.04 Supreme Pet 224.05 234.35 ­4.40 251.33
City Union Bank Ltd 188.10 204.85 186.65 204.85 8.9 10 3 Nifty IT 15628.20 15566.75 0.39 16360.60 12506.40 L TOP LOSERS
Muthoot F 624.70 615.60 0.93 Kss 0.10 0.10­33.33
Akzoindia 1788.25 1713.58 4.36 1753.57 Gic Housing 270.20 282.58 ­4.38 306.32
Tvs Motor Company Ltd 505.85 505.85 458.85 470.90 ­6.91 3 10 P I Inds. 1038.90 1031.95 0.62 Mcnally B 6.65 6.85 ­2.14
Prsmjohnsn 95.85 91.88 4.32 96.28 Pc Jeweller 82.50 86.23 ­4.33 116.43 Nifty Media 2496.60 2468.65 1.13 3434.25 1895.90 Raj Rayon 0.10 0.05­50.00
Heg Ltd 2192.25 2219.50 1983.25 2093.50 ­4.5 3 10
Centuryply 207.80 199.51 4.16 221.48 Ifci Ltd 13.77 14.38 ­4.24 15.31 Nifty Metal 3044.15 2973.70 2.37 3944.10 2649.25 Kss 0.15 0.10­33.33 Pidilite  1250.00 1246.25 1.66 Metkore A 0.80 0.90 5.88
Navkar Corporation Ltd. 47.90 47.90 39.25 39.25 ­18.06 3 10
Bank Maha 13.69 13.15 4.11 13.24 K.P.R. Mill 573.75 598.79 ­4.18 608.01 R*Shares  3140.00 3118.18 0.15 Mps Infot 0.05 0.10 0.00
Eveready Inds. Ind. Ltd. 206.50 209.65 192.05 192.05 ­7 3 10 Nifty Midcap 100 18258.50 18083.45 0.97 20328.85 15802.95 Goenka Di 0.35 0.30­14.29
Itc Ltd. 296.70 285.22 4.02 283.03 Cadila Healt 346.60 361.41 ­4.10 365.75
Eicher Motors Ltd 22972.45 22972.45 20547.70 20547.70 ­10.56 3 10 Nifty Midcap 50 5077.85 5024.85 1.05 5474.15 4288.80 Prakash C 3.90 3.50­10.26 R*Shares  1255.00 1220.61 0.90 P B A Inf 4.55 4.55 ­4.21
Jindal Saw 86.55 83.30 3.90 90.73 Grasim Ind. 858.20 894.51 ­4.06 928.85
Power Trading 80.65 80.65 73.45 73.45 ­8.93 2 11 Rbl Bank 691.45 680.35 ­0.58 Poddar Ho 440.45 464.20 0.55
Pncinfra 152.45 146.81 3.84 151.74 Omaxe Ltd 206.35 215.05 ­4.05 216.01 Nifty MNC 13359.10 13171.10 1.43 15184.10 12363.40 Compucom  9.25 8.45 ­8.65
Sadbhav Infra Proj Ltd. 96.75 96.75 87.05 87.05 ­10.03 2 11
Hdfc 1967.30 1896.67 3.72 1887.82 Zydus Well 1298.45 1352.46 ­3.99 1331.46 Nifty Pharma 9346.55 9199.40 1.60 10786.35 7900.35 Seamec Lt 436.45 428.15 0.02 Provogue  1.10 1.20 4.35
Finolex Industries Ltd 541.25 541.25 489.25 489.25 ­9.61 2 11
Vatech Waba 331.65 320.36 3.52 353.38 Timken (I) 590.05 614.47 ­3.97 632.53 L ALL - TIME HIGH
Nifty PSE 3584.60 3543.70 1.15 3945.90 2965.90 Skf India 2097.70 2044.70 3.81 Raj Rayon 0.05 0.05­50.00
The New India Assu Co Ltd 205.40 205.40 181.75 189.75 ­7.62 2 11
Tata Invest. 837.30 809.38 3.45 808.94 Himachal Fut 22.80 23.74 ­3.96 24.26 Name H/L Close % Titan Com 1152.00 1141.85 0.67 Rohit Fer 1.00 1.00 ­4.76
Hero Motocorp Limited 2814.75 2814.75 2525.75 2553.15 ­9.29 1 12 Nifty PSU Bank 3339.35 3346.25 ­0.21 3492.70 2564.50
Breakout above 7 day avg is a buy signal.(Price in ₹) ­ BSE Breakout below 7 day avg is a sell signal.(Price in ₹) ­ BSE
Note: Gain/Loss over 14­day period Nifty Realty 269.20 266.65 0.96 325.65 198.25 Atul 3658.95 3585.90 1.49 Torrent P 1962.00 1949.75 0.84 Unity Inf 0.65 0.65 ­7.14

Nifty Serv Sector 16197.35 16138.25 0.37 16210.60 13535.90 Bajaj Fin 3034.95 3025.00 0.97 Upl Limit 962.90 958.85 3.21 Uttam Val 0.05 0.10 0.00
Capri Glo 182.00 174.45 0.09 Varun Bev 877.00 866.65 6.61 Vimal Oil 7.40 7.40 0.00
Future Li 499.00 489.65 0.96 W S Inds. 1.15 1.15 ­4.17
Company News High Delivery Stocks - BSE What to Watch Guj Fluor 1107.00 1104.75 2.33
L ALL - TIME LOW
Note: % change is over previous day's close
Adlabs En 8.00 8.00 ­4.76
Traded Delivered % Close Prev % Chg
Vol '000 Vol '000 Delivered(₹) close(₹)
Jubilant Life Sciences on Udl 834 832 99.79 21.55 22.00 ­2.05
Friday said that Jubilant Gillette (I) 126 126 99.68 6564.65 6637.20 ­1.09
NSE Circuit Breakers
Pharma Ltd, its material Tgbhotels 149 148 99.39 11.52 11.64 ­1.03
wholly­owned subsidiary, Shrmcityun 300 297 99.11 1859.65 1789.95 3.89 Name Pr cl Close % Name Pr cl Close % Name Pr cl Close %

has fully redeemed the Sambhaav Med 180 178 98.76 4.30 4.20 2.38

L UPPER Ksk Energ 0.85 0.90 10 Gyscoal A 4.75 4.85 5
outstanding zero coupon Maxindia 523 513 98.16 66.50 69.15 ­3.83
21St Cent 18.90 19.25 20 Lakshmi V 64.55 71.00 10 Gammon In 0.60 0.60 5
convertible loan of United Brewa 982 957 97.51 1395.15 1369.30 1.89
8K Miles  93.85 98.50 10
International Finance Mercator 834 811 97.26 6.88 6.77 1.62 Mercator  6.70 6.90 10 Gayatri H 0.85 0.80 5

Corporation (IFC), Arnold Hold 211 205 97.19 8.32 8.31 0.12 Monnet Is 23.50 28.05 20 Neuland L 615.30 676.80 10 Hb Stockh 7.30 7.35 5
Washington, on a one­time Jct Ltd 167 162 96.64 1.69 1.63 3.68 Ausom Ent 35.25 36.55 5 Nila Spac 2.40 2.50 5 Il&Fs Inv 4.85 4.75 5
settlement of $135 million. Dgl 352 340 96.59 66.35 64.20 3.35 Balaxi Ve 36.20 38.00 5 Nitin Fir 1.30 1.35 10 Ivrcl Lim 0.85 0.80 5
Accordingly, the obligation Surat Text. 349 335 96.2 2.90 2.93 ­1.02 Bang Over 31.15 35.90 10 Precot Me 42.70 44.00 5 Jmt Auto  2.60 2.60 10
to provide an exit to IFC by Indo Count 157 151 96.04 48.50 49.70 ­2.41 Automobile sales to USFDA nod may keep Commercial start bodes Bartronic 6.35 6.50 5 Reliance  10.45 10.80 5 Jaypee In 2.55 2.45 10
equity conversion of the remain lacklustre? Indoco Remedies strong well for Havells India Bkm Indus 5.40 5.40 5 Sagardeep 58.35 59.90 20 Jaiprakas 1.90 1.85 5
convertible loan has been High Volume Stocks - NSE Blue Blen 3.60 3.55 5 Schneider 102.05 112.30 20 Mahamaya  173.45 165.95 5
cancelled. With the above Name Close (₹) Volume 20­day Avg Vol Gain (%)
Automobile  stocks  will  be  in Indoco  Remedies  on  Friday Havells India on Friday said it Bsel Infr 1.80 1.90 10 S.E. Powe 4.10 3.95 5 Malu Pape 26.35 26.00 5
payment, all loans Onward Te 66.60 120926 7457 1522
Swaraj Eng 1408.85 71548 4681 1428
focus next week, as companies said the US Food and Drug Ad­ has  started  commercial  pro­ Californi 23.65 22.50 5 Soril Inf 289.15 303.60 5 Manpasand 119.60 116.90 10
outstanding to IFC have such as Maruti Suzuki, Tata Mo­ ministration  has  cleared  the duction  of  air  conditioners  at
Ster.Tool 325.30 60901 8035 658 Castex Te 0.85 0.85 10 Super Spi 5.90 5.90 10 Mvl Limit 0.25 0.25 5
been fully paid, it said. The tors, Ashok Leyland, Mahindra Goa­based sterile manufactur­ its Ghiloth plant. The company
Tata Metlk 649.60 265217 59261 348 Db (Int)  7.60 7.85 2 Uttam Gal 10.00 10.50 10 Nagarjuna 0.35 0.35 10
payment has been made & Mahindra,  Eicher  Motors, ing  facility  for  finished has  set  up  a  new  facility  at
Munj.Showa 167.80 67078 16962 295 Ece Indus 224.30 268.65 20 Prabhat D 78.95 76.60 5
from the recently­rated Hero  MotoCorp,  Bajaj  Auto, dosages.  The  US  health  regu­ Ghiloth,  Rajasthan,  to  manu­
L LOWER
Siemens 1128.80 1907386 515931 270 Ess Dee A 16.35 16.25 5 3P Land H 11.75 11.20 20
unsecured bonds of $200 and  TVS  Motor  will  announce lator  had  inspected  the  plant facture  consumer  durables  at
Prakash C 3.90 3.50 5
Calif.Sw 22.50 72977 21769 235 Excel Rea 1.40 1.45 20
million raised by JPL. Shares their sales figures for March in in  November  last  year,  it  ad­ an  estimated  cost  of  ₹360
Adlabs En 8.40 8.00 5 Reliance  4.35 4.15 5
Jind.Stl&P 179.70 29320782 9091025 223
of Jubilant Life Sciences Gyscoal A 4.75 4.85 5 Alok Indu 5.00 4.75 5 Refex Ind 39.75 37.85 20
Remsons 81.00 10998 3736 194 the  next  few  days.  Most  ana­ ded. The change in the inspec­ crore.  The  total  investment
gained 1.47 per cent at Gammon In 0.60 0.60 5 Californi 23.65 22.50 5 Sagardeep 58.35 59.90 20
Gabriel 144.55 191583 67271 185 lysts expect the sales figures to tion classification status from was  funded  through  a  mix  of
₹664.20 on the BSE.  Gayatri H 0.85 0.80 5 Celestial 6.00 5.70 10 S.E. Powe 4.10 3.95 5
remain  dull  due  to  the  slow­ ‘Official  Action  Initiated’  to internal  accruals  and  borrow­
Gtl Infra 0.90 0.95 5 Coral Ind 17.00 17.20 10 Shirpur G 23.95 23.05 5
KSK Energy Ventures on The Under 50s - NSE down.  Any  positive  surprise ‘Voluntary Action Initiated’ by ings,  the  company  had  in­
Hb Stockh 7.30 7.35 5 Cubex Tub 15.10 14.40 5 Supreme I 24.05 23.00 10
Friday informed the
Close(₹) Prev.Close(₹) Change% Volume 52wH(₹) 52wL(₹) will  revive  those  companies’ the  USFDA  signifies  that  the formed  the  exchanges  earlier.
Srs Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 0.30. . . . . . . . . . . . . . . 0.25. . . . . . . . . . . 20.00. . . . . . . . . 232561. . . . . . . . . . . 1.00. . . . . . . . 0.20 Indiabull 292.60 307.20 5 Db (Int)  7.60 7.85 2 Tijaria P 15.20 14.85 5
exchanges that India Monnet Ispat & Energy Ltd . . . . . . . .. . . . . . . . 28.05. . . . . . . . . . . . . 23.50. . . . . . . . . . . 19.36. . . . . . . . . 249477. . . . . . . . . 47.75. . . . . . 21.05 shares,  as  some  of  them  had site has come out of the warn­ Shareholders will closely mon­
Jmt Auto  2.60 2.60 10 Eurotex I 18.25 17.35 20
Opportunities III PTE Ltd,
Artedz Fabs Limited . . . . . . . . . . . . . . . . . .. . . . . . . . 41.65. . . . . . . . . . . . . 36.00. . . . . . . . . . . 15.69. . . . . . . 1536000. . . . . . . . . 42.00. . . . . . 39.00 announced  a  price  hike  from ing letter issued to the site in itor  further  developments  on Viji Fina 0.85 0.80 5
Innovative Tyres & Tubes . . . . . . . . . . .. . . . . . . . 24.75. . . . . . . . . . . . . 22.00. . . . . . . . . . . 12.50. . . . . . . . . 144000. . . . . . . . . 54.00. . . . . . 20.55 Jaiprakas 1.90 1.85 5 Note: % denotes circuit limit
Debenture holder and IDBI Vikas Ecotech Limited . . . . . . . . . . . . . . .. . . . . . . . 11.40. . . . . . . . . . . . . 10.30. . . . . . . . . . . 10.68. . . . . . . 2779812. . . . . . . . . 37.95. . . . . . . . 8.50 April 1, 2019.  March 2017, the drug firm said.  the production front.  Excel Rea 1.40 1.45 20
Man Infra Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40.75. . . . . . . . . . . . . 36.90. . . . . . . . . . . 10.43. . . . . . . 1250904. . . . . . . . . 56.95. . . . . . 31.30
Trusteeship Services Ltd, Hindustan Motors Limited . . . . . . . .. . . . . . . . . . 7.30. . . . . . . . . . . . . . . 6.80. . . . . . . . . . . . 7.35. . . . . . . . . 396824. . . . . . . . . 10.15. . . . . . . . 6.35
Debenture trustee of Sai Nagarjun Fert And Che Ltd . . . . . . . .. . . . . . . . . . 6.90. . . . . . . . . . . . . . . 6.45. . . . . . . . . . . . 6.98. . . . . . . . . 858657. . . . . . . . . 19.70. . . . . . . . 5.40
Regency Power Corporation
Private Ltd, subsidiary of
the company, have filed a
Trans & Recti. Ltd . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 13.25. . . . . . . . . . . . . 12.40. . . . . . . . . . . . 6.85. . . . . . . . . 130201. . . . . . . . . 32.25. . . . . . . . 9.20
Reliance Power Ltd. . . . . . . . . . . . . . . . . . . .. . . . . . . . 11.35. . . . . . . . . . . . . 10.65. . . . . . . . . . . . 6.57. . . . 157687409. . . . . . . . . 43.90. . . . . . . . 9.10
Ksk Energy Ventures Ltd . . . . . . . . . . .. . . . . . . . . . 0.90. . . . . . . . . . . . . . . 0.85. . . . . . . . . . . . 5.88. . . . . . . 1034696. . . . . . . . . 10.20. . . . . . . . 0.65
Gtl Infra.Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 0.95. . . . . . . . . . . . . . . 0.90. . . . . . . . . . . . 5.56. . . . . . . 2435758. . . . . . . . . . . 3.15. . . . . . . . 0.70
Nifty crosses 11,600-mark on all-round buying #3585
Calendar
L MARCH 30
Agarwal Industrial Corporation Limited: Other
Sanco Industries Limited . . . . . . . . . .. . . . . . . . 15.35. . . . . . . . . . . . . 14.60. . . . . . . . . . . . 5.14. . . . . . . . . 180056. . . . . . . . . 33.90. . . . . . 11.45 business matters
petition for Corporate Uttam Galva Steels Ltd . . . . . . . . . . . . . .. . . . . . . . 10.50. . . . . . . . . . . . . 10.00. . . . . . . . . . . . 5.00. . . . . . . . . 113337. . . . . . . . . 15.75. . . . . . . . 7.35 and L&T, shedding up to 1.1 per Autoriders Finance Limited: Other business

Insolvency Resolution Tata Steel Bsl Limited . . . . . . . . . . . . . . . .. . . . . . . . 29.45. . . . . . . . . . . . . 28.05. . . . . . . . . . . . 4.99. . . . . . . . . 774247. . . . . . . . . 46.90. . . . . . 21.10

Process before the National
Company Law Tribunal,
Chennai Bench, on March
27. The stock of KSK Energy
slipped 1.15 per cent at
₹0.86 on the BSE.  Adani Green Energy Ltd. . . . . . . . . . . . .. . . . . . . . 37.15. . . . . . . . . . . . . 35.85. . . . . . . . . . . . 3.63. . . . . . . 2006664. . . . . . . . . 73.30. . . . . . 22.80
Insider Info
Company
L Equity
Dr.Reddy's Laborato
V S Sesha Kumar Gari(B)
Dushyanth Surakanti (B)
SateeshKumarNatar(B)
Agro Tech Foods
Agro Tech Esop Trust(S)
Mukand
Bachhraj Factories P(B)
Mahindra & Mahindra
MahindraandMahind(S)
Apollo Tyres
Motlay Finance Pvt (P)
Vardhman Textiles
D. L. Sharma(S)
GRP
Jagdish M. Desai(S)
(B) ­ Acquier, (S) ­ Seller, (P) ­ Pledge
(R) ­ Revoke, (I) ­ Invoke
Dcw Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 21.80. . . . . . . . . . . . . 20.80. . . . . . . . . . . . 4.81. . . . . . . . . 866872. . . . . . . . . 37.20. . . . . . 13.10
SENSOR cent.  Experts  attributed  the matters
BSEL Infrastructure Realty Limited: Other
Idbi Bank Limited . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 46.65. . . . . . . . . . . . . 44.60. . . . . . . . . . . . 4.60. . . . . 22521333. . . . . . . . . 77.00. . . . . . 41.30 continuing market rally to ro­ business matters
Cinevista Limited: Other business matters
C&C Const. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 11.40. . . . . . . . . . . . . 10.90. . . . . . . . . . . . 4.59. . . . . . . . . 141423. . . . . . . . . 63.10. . . . . . 10.90 PRESS TRUST OF INDIA bust  investor  sentiment Compuage Infocom Limited: Fund Raising
Siti Networks Limited . . . . . . . . . . . . . . . .. . . . . . . . . . 4.95. . . . . . . . . . . . . . . 4.75. . . . . . . . . . . . 4.21. . . . . . . . . 204835. . . . . . . . . 17.75. . . . . . . . 3.10 Dilip Buildcon Limited: Other business matters
Nila Spaces Limited . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 2.50. . . . . . . . . . . . . . . 2.40. . . . . . . . . . . . 4.17. . . . . . . . . 190180. . . . . . . . . . . 5.05. . . . . . . . 2.25 Mumbai, March 29 driven  by  sustained  foreign Eastern Silk Industries Limited: Other business
matters
Unitech Limited . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 1.35. . . . . . . . . . . . . . . 1.30. . . . . . . . . . . . 3.85. . . . . . . 2173352. . . . . . . . . . . 7.10. . . . . . . . 1.00 Rising for the second straight fund  inflows,  stronger  rupee Kajaria Ceramics Limited: Other business
Kopran Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 41.35. . . . . . . . . . . . . 39.85. . . . . . . . . . . . 3.76. . . . . . . . . 138693. . . . . . . . . 74.65. . . . . . 32.60
Geojit Financial Ser L . . . . . . . . . . . . . . . .. . . . . . . . 41.50. . . . . . . . . . . . . 40.00. . . . . . . . . . . . 3.75. . . . . . . . . 403599. . . . . . . 112.00. . . . . . 32.50 day,  the  BSE  Sensex  vaulted and a likely positive outcome matters
KSS Limited: Other business matters
over 127 points while the NSE of the US­China trade talks. Solar Industries India Limited: Other business
Jindal Stainless Limited. . . . . . . . . . . . .. . . . . . . . 40.60. . . . . . . . . . . . . 39.20. . . . . . . . . . . . 3.57. . . . . . . 1017314. . . . . . . 108.90. . . . . . 23.40 matters
Rainbow Papers Ltd . . . . . . . . . . . . . . . . . .. . . . . . . . . . 1.45. . . . . . . . . . . . . . . 1.40. . . . . . . . . . . . 3.57. . . . . . . . . 186266. . . . . . . . . . . 2.95. . . . . . . . 0.70 Nifty  finished  above  the Trade  talks  with  China  are Vadilal Industries Limited: Other business
matters
Ruchi Infrastructure Ltd . . . . . . . . . . . .. . . . . . . . . . 2.90. . . . . . . . . . . . . . . 2.80. . . . . . . . . . . . 3.57. . . . . . . 2054644. . . . . . . . . . . 7.70. . . . . . . . 2.15 11,600­mark  on  Friday  on progressing  “very  well,”  US
Ducon Infratechnologies L . . . . . . . .. . . . . . . . 12.10. . . . . . . . . . . . . 11.70. . . . . . . . . . . . 3.42. . . . . . . . . 221791. . . . . . . . . 36.25. . . . . . . . 8.65 L MARCH 31
Transation Date Qty Brightcom Group Limited . . . . . . . . . .. . . . . . . . . . 3.05. . . . . . . . . . . . . . . 2.95. . . . . . . . . . . . 3.39. . . . . . . . . 587963. . . . . . . . . . . 5.90. . . . . . . . 2.30 heavy  buying  in  auto  and President Donald Trump said,
Kolte ­ Patil Developers Limited: Dividend
Reliance Naval & Engg Ltd. . . . . . . . .. . . . . . . . 10.80. . . . . . . . . . . . . 10.45. . . . . . . . . . . . 3.35. . . . . . . 1099183. . . . . . . . . 31.80. . . . . . . . 7.55 metal  stocks  amid  persistent as  top  negotiators  from  the
Ruchi Soya Industries Ltd . . . . . . . . . .. . . . . . . . . . 6.60. . . . . . . . . . . . . . . 6.40. . . . . . . . . . . . 3.12. . . . . . . 1539039. . . . . . . . . 17.60. . . . . . . . 4.90
Persistent inflows from foreign funds and positive global leads
13­03­2019 689
Mercator Limited . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 6.90. . . . . . . . . . . . . . . 6.70. . . . . . . . . . . . 2.99. . . . . . . . . 453157. . . . . . . . . 35.85. . . . . . . . 6.05 foreign fund inflows and pos­ two  countries  on  Thursday AGM ahead
13­03­2019 1601 Dwarikesh Sugar Ind Ltd . . . . . . . . . . .. . . . . . . . 30.75. . . . . . . . . . . . . 29.90. . . . . . . . . . . . 2.84. . . . . . . 1162363. . . . . . . . . 34.40. . . . . . 14.00 itive global leads. perked up the indices on Friday. Vedanta surged 3.2 per cent in the began another round of meet­
Jaiprakash Associates Ltd . . . . . . . . .. . . . . . . . . . 5.45. . . . . . . . . . . . . . . 5.30. . . . . . . . . . . . 2.83. . . . . 15467688. . . . . . . . . 21.75. . . . . . . . 4.70 L MARCH 30
13­03­2019 1716
Adani Power Ltd . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 48.20. . . . . . . . . . . . . 46.90. . . . . . . . . . . . 2.77. . . . . 20253763. . . . . . . . . 58.35. . . . . . 15.15 The 30­share Sensex started Sensex pack to close at ₹183.75 KR DEEPAK ings to resolve the tariff war. Akar Auto Industries Ltd: Postal Ballot
Jyoti Structures Ltd . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 1.90. . . . . . . . . . . . . . . 1.85. . . . . . . . . . . . 2.70. . . . . . . . . 180933. . . . . . . . . . . 8.60. . . . . . . . 0.80 Accel Ltd: Postal Ballot
28­03­2019 2000
Opto Circuits (I) Ltd. . . . . . . . . . . . . . . . . .. . . . . . . . . . 8.30. . . . . . . . . . . . . . . 8.10. . . . . . . . . . . . 2.47. . . . . . . . . 460429. . . . . . . . . 16.40. . . . . . . . 7.30
off  on  a  strong  footing  at Elsewhere  in  Asia,  Hong Acrow India Ltd.: E.G.M.
Bharat Seats Ltd.: Postal Ballot
26­03­2019 73747 Network18 Media & Inv Ltd . . . . . . .. . . . . . . . 35.50. . . . . . . . . . . . . 34.70. . . . . . . . . . . . 2.31. . . . . . . . . 295296. . . . . . . . . 62.75. . . . . . 31.25 38,675  points  and  touched  a In the Sensex pack, Vedanta Bharti Airtel, rising up to 2.69 Kong’s  Hang  Seng  rose  0.96 Bimetal Bearings Ltd.: Postal Ballot
Shivam Auto.Ltd . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 36.25. . . . . . . . . . . . . 35.45. . . . . . . . . . . . 2.26. . . . . . . . . 155253. . . . . . . . . 84.95. . . . . . 25.05
Zee Media Corporation Ltd. . . . . . . .. . . . . . . . 18.40. . . . . . . . . . . . . 18.00. . . . . . . . . . . . 2.22. . . . . . . 1232387. . . . . . . . . 40.70. . . . . . 11.50
high of 38,748.54 before wind­ rallied  3.2  per  cent,  followed per cent.  per cent, Shanghai Composite Cadila Healthcare Ltd.: Postal Ballot
26­03­2019 430780 Cat Technologies Ltd.: E.G.M.
Mang.Chem.Fert.Ltd . . . . . . . . . . . . . . . . .. . . . . . . . 40.50. . . . . . . . . . . . . 39.65. . . . . . . . . . . . 2.14. . . . . . . . . 117865. . . . . . . . . 67.75. . . . . . 27.85 ing up at 38,672.91, recording by  Tata  Steel,  M&M,  Tata  Mo­ On  the  other  hand,  In­ Index  soared  3.2  per  cent, Cimmco Ltd.: Postal Ballot
Zicom Elect Sec Sys Ltd . . . . . . . . . . . .. . . . . . . . . . 4.80. . . . . . . . . . . . . . . 4.70. . . . . . . . . . . . 2.13. . . . . . . . . 103433. . . . . . . . . 22.45. . . . . . . . 3.65 Cosmo Ferrites Ltd.: Postal Ballot
26­03­2019 4000000
Gyscoal Alloys Ltd . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 4.85. . . . . . . . . . . . . . . 4.75. . . . . . . . . . . . 2.11. . . . . . . . . 586447. . . . . . . . . 10.80. . . . . . . . 4.55
a rise of 127.19, or 0.33 per cent. tors,  ONGC,  Hindustan  Uni­ dusInd  Bank  emerged  as  the Korea’s Kospi gained 0.59 per Eimco Elecon (India) Ltd.: E.G.M.
Elecon Engineering Co.Ltd.: E.G.M.
26­03­2019 300
Icicipramc ­ Bharatiwin . . . . . . . . . . . . .. . . . . . . . 37.98. . . . . . . . . . . . . 37.23. . . . . . . . . . . . 2.01. . . . . . . 1899275. . . . . . . . . 38.46. . . . . . 32.10 The  50­share  NSE  Nifty lever, Maruti Suzuki, Hero Mo­ top  loser,  dropping  2.08  per cent,  and  Japan’s  Nikkei Emmbi Industries Ltd: Postal Ballot
Central Bank Of India . . . . . . . . . . . . . . . .. . . . . . . . 35.65. . . . . . . . . . . . . 34.95. . . . . . . . . . . . 2.00. . . . . . . 3169309. . . . . . . . . 84.90. . . . . . 27.45
Infibeam Avenues Limited . . . . . . . . .. . . . . . . . 42.95. . . . . . . . . . . . . 42.15. . . . . . . . . . . . 1.90. . . . . . . 6015479. . . . . . . 242.70. . . . . . 27.50
closed  at  11,623.90,  higher  by toCorp,  HDFC,  Bajaj  Finance, cent.  Other  major  laggards ended 0.82 per cent higher. Finkurve Financial Services Ltd: E.G.M.
Force Motors Ltd.: Postal Ballot
27­03­2019 1 Arshiya Limited . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 30.00. . . . . . . . . . . . . 29.45. . . . . . . . . . . . 1.87. . . . . . . . . 100699. . . . . . . . . 83.00. . . . . . 24.00 53.90 points, or 0.47 per cent, SBI,  HDFC  Bank,  HCL  Tech, were  ITC,  Bajaj  Auto,  ICICI Global oil benchmark Brent Generic Pharmasec Ltd: E.G.M.
Tv18 Broadcast Limited . . . . . . . . . . . . .. . . . . . . . 35.50. . . . . . . . . . . . . 34.85. . . . . . . . . . . . 1.87. . . . . . . 6422433. . . . . . . . . 70.80. . . . . . 30.45 Hindusthan Urban Infrastructure Ltd: Postal
Nectar Lifesciences Ltd. . . . . . . . . . . . .. . . . . . . . 17.25. . . . . . . . . . . . . 16.95. . . . . . . . . . . . 1.77. . . . . . . . . 198284. . . . . . . . . 30.90. . . . . . 15.40
after  hovering  between Coal  India,  Sun  Pharma,  In­ Bank, Axis Bank, Asian Paints, crude  futures  climbed  0.44 Ballot
Indo Us Bio­Tech Ltd: E.G.M.
Hubtown Limited. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 32.00. . . . . . . . . . . . . 31.45. . . . . . . . . . . . 1.75. . . . . . . . . 120016. . . . . . . . . 80.90. . . . . . 30.70 11,630.35 and 11,570.15. fosys, Reliance Industries and PowerGrid, NTPC, Kotak Bank per cent to $68.12 a barrel. 

F&O CORNER FUND CORNER

NSE Currency Futures NSE Equity Futures Long & Short NSE : Open interests Hybrid Funds
Symbol Expiry Date Close(₹) % Change Open Int Symbol Expiry Date Close(₹) % Change Open Int FII Brokers Retail Investors
CAGR (%)
USDINR  25­04­2019 69.5125 ­0.05 1733202 BANKNIFTY 25­04­2019 30525.85 0.00 2067100 Long Short Long Short Long Short Latest NAV (₹) 1 Yrs 3 Yrs 5 Yrs

GBPINR  25­04­2019 91.2850 ­0.31 31559 NIFTY 25­04­2019 11679.90 0.14 16442175 Index Futures 145204 70077 16643 38373 156929 191758
Aditya Birla SL Equity Hybrid '95 . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 755.89. . . . . . . . . . . 2.56. . . . . . . . . 11.61. . . . . . . 14.05
Stock Futures 841847 537472 155632 105984 756880 269173
USDINR  29­05­2019 69.7500 ­0.06 334690 IBULHSGFIN 25­04­2019 860.90 5.00 16660500 Aditya Birla SL Regular Savings . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.81. . . . . . . . . . . 1.56. . . . . . . . . . . 9.32. . . . . . . 11.06
Index Call 210702 91242 135394 170879 329660 437995
EURINR  25­04­2019 78.2975 ­0.16 46130 YESBANK 25­04­2019 276.95 ­0.22 119766500 Aditya Birla SL Regular Savings (Payment) . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.81. . . . . . . . . . . 1.56. . . . . . . . . . . 9.32. . . . . . . 11.06
Index Put 264440 188884 147552 183571 431686 560446 AXIS Regular Saver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.44. . . . . . . . . . . 5.37. . . . . . . . . . . 7.22. . . . . . . . . 8.75
JPYINR  25­04­2019 62.8775 ­0.53 20131 MARUTI 25­04­2019 6719.40 0.95 3042075
Stock Call 19005 17574 32628 65658 134730 103131 Baroda Conservative HF­Plan A . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.59. . . . . . . . . . . 5.96. . . . . . . . . . . 7.18. . . . . . . . . 8.10
GBPINR  29­05­2019 91.6675 ­0.29 4453 RELIANCE 25­04­2019 1372.60 0.02 44497000 Stock Puts 13020 10547 32109 24248 55464 65798 Baroda Hybrid Equity ­Plan A . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55.62. . . . . . . . . . . 1.70. . . . . . . . . 11.27. . . . . . . 10.69
GBPUSD  25­04­2019 1.3091 ­0.21 1978 TATASTEEL 25­04­2019 524.95 2.56 30219402 BNP Paribas Conservative Hybrid. . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.34. . . . . . . . . . . 6.11. . . . . . . . . . . 7.89. . . . . . . . . 8.80
USDINR  26­06­2019 69.9675 ­0.03 105477 SBIN 25­04­2019 322.05 0.48 65046000 Future OI Gainers Future OI Losers BNP Paribas Substantial Equity Hybrid ­Reg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.65. . . . . . . . . . . 9.06. . . . . . . . . . . . . . . . ­. . . . . . . . . . . . . . ­
EURINR  29­05­2019 78.6950 ­0.16 3454 JINDALSTEL 25­04­2019 181.15 8.25 21939750 BOI AXA Conservative Hybrid ­ Eco . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.37. . . . . . . . . . . 0.17. . . . . . . . . . . 7.38. . . . . . . . . 8.38
Open Interest Futures Open Interest Futures
JPYINR  29­05­2019 63.2025 ­0.60 1616 HDFCBANK 25­04­2019 2329.40 0.40 9450250 Company Volume %Chg Price %Chg Company Volume %Chg Price %Chg BOI AXA Conservative Hybrid . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.99. . . . . . . . . ­0.13. . . . . . . . . . . 7.10. . . . . . . . . 8.21
National Stock Exchange IDEA 295337820 89.23 16.25 ­40.69 Canara Bank 9970000 ­8.35 293.80 ­1.08 BOI AXA Mid & Small Cap Equity & Debt . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.91. . . . . . . . . ­8.31. . . . . . . . . . . . . . . . ­. . . . . . . . . . . . . . ­
DLF 25­04­2019 202.85 3.45 33495800
Canara Robeco Conservative Hybrid . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56.15. . . . . . . . . . . 7.35. . . . . . . . . . . 7.61. . . . . . . . . 8.32
ICICIBANK 25­04­2019 400.50 ­0.47 86517750 Exide Ind 7758000 21.68 220.65 ­1.16 Tata Global 12033000 ­6.63 204.90 1.91
Canara Robeco Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158.11. . . . . . . . . . . 9.60. . . . . . . . . 14.14. . . . . . . 15.20
MCX Commodity Futures TATAMOTORS 25­04­2019 175.65 1.99 53242000 IDBI 31340000 21.28 47.00 3.98 Bk of Baroda 51948000 ­6.58 129.65 ­0.88
DHFL Pramerica Hybrid Debt . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.50. . . . . . . . . . . 6.79. . . . . . . . . . . 8.03. . . . . . . . . 7.59
Commodity Expiry Date Unit Close(₹) % Change Open Int SRF 877000 19.97 2414.05 ­2.52 BPCL 6962400 ­6.39 399.95 2.60
BAJFINANCE 25­04­2019 3046.45 1.09 5042750 DHFL Pramerica Hybrid Equity . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68.01. . . . . . . . . . . 3.90. . . . . . . . . . . 8.89. . . . . . . 10.38
CRUDEOILM 18­04­2019 1 BBL 4111.00 2.07 49535 Reliance Power 119184000 18.73 11.50 6.48 Syndicate Bk 24945000 ­6.36 43.55 0.81 DSP Equity & Bond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150.56. . . . . . . . . . . 5.71. . . . . . . . . 13.00. . . . . . . 15.15
AXISBANK 25­04­2019 780.30 ­0.58 31194000
CRUDEOIL 18­04­2019 1 BBL 4111.00 2.07 23762 MahangrGas 553200 18.05 1033.50 ­0.47 CGPowr&InSol 29808000 ­5.66 43.10 ­1.82 DSP Regular Savings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.48. . . . . . . . . ­2.46. . . . . . . . . . . 6.45. . . . . . . . . 7.65
IDEA 25­04­2019 16.25 ­68.62 295337820
COPPER 30­04­2019 1 KGS 441.40 2.07 14444 Essel Regular Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.93. . . . . . . . . . . 5.63. . . . . . . . . . . 6.93. . . . . . . . . 7.69
BANKBARODA 25­04­2019 129.65 ­0.89 51948000 NIFTYIT 15250 16.41 15734.00 0.07 SAIL 89616000 ­5.53 54.15 5.97
Franklin India Debt Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55.33. . . . . . . . . . . 5.11. . . . . . . . . . . 7.17. . . . . . . . . 9.32
COPPERM 30­04­2019 1 KGS 441.40 2.06 11173 BHEL 62722500 13.80 75.25 4.08 IOC 62128500 ­5.41 162.60 1.69
TCS 25­04­2019 2014.60 ­0.12 13977000 Franklin India Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119.95. . . . . . . . . . . 6.77. . . . . . . . . 10.39. . . . . . . 13.92
NICKEL 29­03­2019 1 KGS 885.90 1.30 2399 NALCO 33592000 13.61 55.85 4.20 Manap.Fin 9300000 ­4.08 125.90 ­1.06
INDUSINDBK 25­04­2019 1786.00 ­1.86 6234900 HDFC Hybrid Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45.73. . . . . . . . . . . 5.85. . . . . . . . . . . 9.15. . . . . . . . . 9.96
ZINCMINI 29­03­2019 1 KGS 203.00 0.86 4816 Jet Air 5563800 13.00 253.55 ­0.94 HDFC 27272500 ­3.89 1976.60 0.63 HDFC Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54.13. . . . . . . . . . . 6.55. . . . . . . . . 14.11. . . . . . . 16.03
JSWSTEEL 25­04­2019 294.90 1.66 39394500
ZINCMINI 30­04­2019 1 KGS 201.20 0.87 24135 National Stock Exchange
HSBC Regular Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.53. . . . . . . . . . . 4.85. . . . . . . . . . . 7.28. . . . . . . . . 8.28
NATURALGAS 25­04­2019 1 mmBtu 189.60 ­0.84 8085 ICICI Pru Equity & Debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133.61. . . . . . . . . . . 6.98. . . . . . . . . 14.75. . . . . . . 15.09
Active Nifty Calls Positive Trend Negative Trend ICICI Pru Regular Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.51. . . . . . . . . . . 7.96. . . . . . . . . 10.78. . . . . . . 11.37
SILVERM 30­04­2019 1 KGS 37352.00 0.90 19357
Company Spot Price Future Price % Diff Company Spot Price Future Price % Diff IDBI Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.46. . . . . . . . . ­2.08. . . . . . . . . . . . . . . . ­. . . . . . . . . . . . . . ­
Expiry Date Strike Price LTP Vol(Contracts) Turnover* (₹ Lakhs) Open Interest
LEADMINI 29­03­2019 1 KGS 138.55 0.76 3900
04­Apr­19 11700 55.00 168644 1487247.83 1212600 Adani Power 48.20 49.10 1.87 IDEA 18.25 16.25 ­10.96 IDFC Hybrid Equity ­ Regular . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.52. . . . . . . . . . . 2.23. . . . . . . . . . . . . . . . ­. . . . . . . . . . . . . . ­
NICKEL 30­04­2019 1 KGS 892.70 1.68 5263 IDFC Regular Savings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.42. . . . . . . . . . . 5.66. . . . . . . . . . . 7.97. . . . . . . . . 9.16
04­Apr­19 11600 97.00 143311 1257693.75 761925 Suzlon 6.15 6.25 1.63 Jet Air 268.80 253.55 ­5.67
SILVER 03­05­2019 1 KGS 37317.00 0.94 22775 Indiabulls Savings Income . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.45. . . . . . . . . . . 4.46. . . . . . . . . . . 9.94. . . . . . . . . . . . . . ­
04­Apr­19 11800 27.95 114073 1012059.65 742125 Reliance Power 11.35 11.50 1.32 Oriental Bank 116.25 112.30 ­3.40
ZINC 29­03­2019 1 KGS 203.00 0.86 1961 Invesco India Regular Savings . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1808.24. . . . . . . . . . . 6.71. . . . . . . . . . . 8.07. . . . . . . . . 7.23
04­Apr­19 11900 10.70 61632 550638.32 899475 IFCI 13.80 13.95 1.09 MahangrGas 1055.05 1033.50 ­2.04
JM Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47.07. . . . . . . . . . . 7.34. . . . . . . . . . . 9.47. . . . . . . 10.20
GOLDM 05­04­2019 10 GRMS 31624.00 0.37 4904
04­Apr­19 11500 159.30 60797 531554.40 438075 Infibeam Inc 42.95 43.40 1.05 V­Guard 222.35 218.45 ­1.75 Kotak Debt Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.81. . . . . . . . . . . 4.00. . . . . . . . . . . 8.47. . . . . . . . . 9.48
ZINC 30­04­2019 1 KGS 216.60 1.04 6245
04­Apr­19 11650 74.15 48808 429295.40 229050 NHPC 24.70 24.95 1.01 Bajaj Auto 2911.10 2880.45 ­1.05 Kotak Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.41. . . . . . . . . . . 2.52. . . . . . . . . 11.00. . . . . . . . . . . . . . ­
GOLDM 03­05­2019 10 GRMS 31746.00 0.54 4758 L&T Conservative Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.58. . . . . . . . . . . 5.58. . . . . . . . . . . 7.30. . . . . . . . . 8.12
04­Apr­19 12000 4.50 48615 437726.06 733200 MRPL 74.30 75.05 1.01 Allahabad Bank 54.60 54.05 ­1.01
GOLD 05­04­2019 10 GRMS 31607.00 0.50 1933 L&T Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.00. . . . . . . . . . . 1.67. . . . . . . . . 11.08. . . . . . . 14.48
25­Apr­19 12000 57.00 45435 410843.72 2267925 GMR Infra 19.80 20.00 1.01 Indian Bk 280.10 277.40 ­0.96
LEAD 29­03­2019 1 KGS 138.55 0.76 1279 LIC MF Debt Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54.03. . . . . . . . . . . 4.80. . . . . . . . . . . 6.75. . . . . . . . . 6.71
25­Apr­19 11700 174.15 35313 314461.12 908850 Reliance Infra 137.00 138.35 0.99 Balkrishna 995.50 987.10 ­0.84
LIC MF Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.33. . . . . . . . . . . 6.79. . . . . . . . . . . 9.86. . . . . . . . . 8.64
GOLD 05­06­2019 10 GRMS 31823.00 0.62 14559
04­Apr­19 11750 39.05 30308 268043.72 176550 Natl Build 66.30 66.95 0.98 Bata India 1405.05 1394.35 ­0.76 LICMFUnitLinkedInsuranceScheme­Reg (D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.30. . . . . . . . . . . 6.68. . . . . . . . . 10.66. . . . . . . . . 9.99
LEAD 30­04­2019 1 KGS 140.20 1.14 3711
* Notional Turnover Mirae Asset Hybrid ­ Equity . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.70. . . . . . . . . 11.94. . . . . . . . . 15.17. . . . . . . . . . . . . . ­
Principal Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77.71. . . . . . . . . . . 5.57. . . . . . . . . 17.20. . . . . . . 15.08
NCDEX Commodity Futures Active Nifty Puts High Volatile Counters (in ₹) Quant Absolute . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136.44. . . . . . . . . . . 8.60. . . . . . . . . 11.25. . . . . . . 14.40
Expiry Date Strike Price LTP Vol(Contracts) Turnover* (₹ Lakhs) Open Interest Stock Close Prev Close Futures Close Prev Close Volatility (%)* Reliance Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54.71. . . . . . . . . . . 2.58. . . . . . . . . 12.21. . . . . . . 14.28
Name Expiry Date Rate Close(₹) % Change Spot Price(₹) Volume

Guar Seed 10 MT 16­04­2019 ₹/quintal 4357.00 ­1.43 4379.50 6869 04­Apr­19 11600 62.25 156732 1372625.55 1082925 Suzlon 6.15 6.50 6.25 6.50 1.2924 Reliance Hybrid Bond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.54. . . . . . . . . . . 6.32. . . . . . . . . . . 8.35. . . . . . . . . 9.93
04­Apr­19 11500 31.00 145607 1260497.23 1119000 Reliance Power 11.35 10.65 11.50 10.65 1.2149 SBI Debt Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39.53. . . . . . . . . . . 3.82. . . . . . . . . . . 7.68. . . . . . . . . 9.44
Castor Seed 16­04­2019 ₹/quintal 5296.00 0.19 5213.35 5047
SBI Equity Hybrid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133.68. . . . . . . . . . . 8.87. . . . . . . . . 12.84. . . . . . . 15.30
Cotton Seed Oilcake 16­04­2019 ₹/quintal 2282.50 1.58 2337.80 5011 04­Apr­19 11400 15.80 90004 771050.32 630000 CGPowr&InSol 42.70 43.40 43.10 43.40 1.0416
Shriram Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.83. . . . . . . . . . . 7.14. . . . . . . . . 10.91. . . . . . . . . 9.75
Chana 16­04­2019 ₹/quintal 4308.00 0.91 4175.65 4469 04­Apr­19 11550 44.50 46605 405739.29 289950 Reliance Infra 137.00 135.20 138.35 135.20 1.0380
Sundaram Debt Oriented Hybrid . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.50. . . . . . . . . . . 2.83. . . . . . . . . . . 7.80. . . . . . . . . 9.84
Guar Gum 5 MT 16­04­2019 ₹/quintal 8820.00 ­1.85 8862.50 4259 04­Apr­19 11300 8.60 42166 357747.10 513000 Reliance Cap 204.50 201.95 205.65 201.95 0.9584 Sundaram Equity Hybrid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90.13. . . . . . . . . . . 9.17. . . . . . . . . 14.35. . . . . . . 10.89
Castor Seed 20­05­2019 ₹/quintal 5372.00 0.11 5213.35 3876 25­Apr­19 11500 122.10 38085 332102.15 2133900 Jet Air 268.80 269.20 253.55 269.20 0.9225 Tata Hybrid Equity ­ Regular . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209.98. . . . . . . . . . . 4.29. . . . . . . . . . . 9.19. . . . . . . 13.53
04­Apr­19 11700 120.00 31051 275544.25 126975 Dish TV 38.90 39.00 39.25 39.00 0.9060 UTI­Hybrid Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168.88. . . . . . . . . . . 2.32. . . . . . . . . 11.87. . . . . . . 11.55
Guar Seed 10 MT 20­05­2019 ₹/quintal 4413.50 ­1.45 4379.50 3378
UTI­Regular Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.44. . . . . . . . . . . 5.77. . . . . . . . . . . 8.99. . . . . . . 10.19
Guar Gum 5 MT 20­05­2019 ₹/quintal 8935.00 ­1.85 8862.50 3283 04­Apr­19 11000 3.55 30882 254876.56 1021875 Dewn HsgFin 150.25 149.50 151.50 149.50 0.8952

Kapas 30­04­2019 ₹/20 kg 1168.00 ­0.26 1171.60 2809 25­Apr­19 11600 154.25 27825 245375.81 801300 Infibeam Inc 42.95 42.15 43.40 42.15 0.7738 Source: NAV India.
Soy Bean 16­04­2019 ₹/quintal 3657.00 ­0.65 3793.00 2793 04­Apr­19 11450 22.00 26154 225200.46 161325 JustDial 603.45 612.20 603.35 612.20 0.7371 Track NAVs of Large­Cap/Large & Mid­Cap schemes on Tuesday; Multi­Cap/Mid­Cap/Small­Cap on Wednes­
* Notional Turnover * Annualised day; Focussed/Value/ELSS on Thursday; Thematic & Sector on Friday; And Hybrid Funds on Saturday

CM . .. ... . . ...CH­CHE
YK
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20 Micron [5] 38.50 38.20 38.90 38.90 38.05 29.88 55.40 32.60 7 38.15 Cigniti Tech 313.70 325.15 316.80 336.80 316.80 52.84 498.90 225.00 18 326.50 HBL Pwr [1] 26.25 25.60 26.55 26.55 25.50 241.10 52.90 22.05 - 25.40 Lux Indust. [2] 1342.90 1373.25 1354.90 1399.00 1333.00 76.01 2089.95 1054.95 36 1376.15
21stCentu Mgmt 18.90 19.25 19.25 19.25 19.25 0.38 46.45 17.30 4 - CIL Nova 17.15 17.90 17.15 19.00 16.35 1.22 37.60 14.00 - - HBStockhold 7.30 7.35 6.95 7.65 6.95 2.90 21.00 6.00 - - Lyka Labs 25.60 24.05 26.50 26.50 23.85 57.45 52.20 21.25 - 24.50
3i Info 3.80 3.85 3.90 3.90 3.80 2509.65 6.00 2.67 2 3.84 Cimmco 32.85 33.00 32.15 33.65 32.15 10.98 98.00 28.05 - 33.90 HCC [1] 15.20 15.00 15.35 15.45 14.90 2878.32 23.51 8.42 5 15.01 Lypsa Gem 7.25 7.15 7.55 7.55 7.15 22.90 28.50 5.61 - 7.45
3m India 24035.65 24260.85 24005.05 24300.00 23811.25 1.13 26679.25 18213.65 7624067.90 Cineline Ind [5] 44.00 45.10 44.75 45.65 43.80 15.46 88.00 40.05 11 44.75 HCG 196.00 220.00 194.00 230.90 193.10 210.03 335.00 178.95 193 215.40
3PLandHold 11.75 11.20 11.20 11.20 11.20 0.10 15.70 9.80 - - CitiUn Bk [1] 201.35 204.85 202.00 206.00 196.50 1345.50 207.15 154.55 23 204.20 HCL Info [2] 19.20 19.00 19.40 19.40 18.95 355.93 57.35 15.90 - 19.05 M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5PaisaCap 237.30 238.10 237.55 239.85 232.00 8.44 507.40 171.25 - 238.05 Clari.Chm 369.70 364.50 368.10 369.70 361.50 6.94 574.00 320.00 68 362.95 HDFC AMC [5] 1522.65 1533.90 1520.00 1542.60 1512.00 120.00 1969.50 1248.30 45 1534.20 M&M Fin [2] 429.30 421.20 431.35 435.20 419.40 2743.91 537.50 351.00 19 420.95
63MoonsTec [2] 79.55 81.10 80.25 82.20 79.50 146.92 114.85 61.00 13 80.95 CLEducateLtd 123.90 121.55 121.05 124.90 120.00 4.98 230.00 106.60 20 120.25 HDFCStandLif 371.55 378.50 372.75 384.25 369.30 4830.96 547.25 345.00 61 378.50 Maan Alum 88.35 93.20 88.25 94.40 88.15 29.17 170.10 78.50 8 93.70
8K Miles [5] 93.85 98.50 98.50 98.50 98.50 55.62 851.80 55.00 29 99.05 CMI 138.35 138.15 139.65 140.45 136.60 31.87 371.60 115.50 8 138.55 HDIL 25.80 25.85 25.80 26.60 25.60 4311.65 43.00 17.55 12 25.90 Madhav 42.05 41.90 43.30 43.30 41.50 2.01 62.45 38.15 7 42.00
CochinShip 397.25 391.60 393.70 403.40 388.00 118.98 543.95 333.00 11 393.95 HEG 2118.90 2093.50 2124.80 2198.00 2080.00 376.05 4950.00 1970.00 3 2094.15 MagadhSug&En 117.55 116.15 119.90 121.00 114.00 6.69 168.00 63.10 7 115.30
A ................................................ CoffeeDayEnt 296.40 289.35 300.05 300.05 286.50 256.69 356.20 237.10 - 289.05 Heidelbrg 179.45 181.55 181.00 183.30 178.80 435.17 184.00 122.10 19 180.90 Magma Fin [2] 119.80 117.80 119.50 120.20 114.90 189.06 193.50 81.00 12 117.50
Aarti Drug 648.15 637.30 648.15 650.00 633.00 12.56 705.00 500.00 18 640.45 Colgate [1] 1251.90 1258.15 1252.50 1265.00 1250.70 242.95 1365.20 1020.10 46 1258.45 Herc.Hoi [1] 114.95 116.15 115.05 118.00 114.40 22.31 160.00 87.65 28 115.70 Magn.Ven 5.25 5.15 4.90 5.50 4.90 40.99 12.20 4.30 - 5.13
Aarti Ind [5] 1555.25 1577.65 1572.80 1604.00 1560.00 88.81 1791.50 1090.00 32 1573.10 CompuageInf[2] 17.35 17.15 17.05 17.85 17.00 10.97 45.90 15.30 5 17.50 Herit.Fds [5] 540.85 543.55 549.85 549.85 533.95 62.89 776.95 421.00 31 544.65 Mah.Cie.Auto 233.85 234.50 232.20 235.40 232.05 97.61 301.80 208.95 117 233.90
Aarvee Den 23.85 23.25 23.80 24.45 23.00 6.31 51.00 19.55 - 23.00 Compucom [2] 9.25 8.45 9.25 9.35 7.90 110.60 16.90 8.36 - 8.44 Hester Biosc 1580.00 1547.45 1570.90 1572.00 1533.25 1.76 1825.00 1039.95 32 1545.30 Mah.Holi 246.20 239.45 247.80 249.80 234.65 58.95 352.80 185.10 36 240.05
AavasFinance 1096.80 1155.80 1101.00 1180.00 1101.00 22.22 1267.00 611.50 64 1160.80 Con.FinHld 48.30 47.35 47.00 49.70 45.10 5.25 78.40 26.55 - - Hexaware [2] 338.55 345.30 340.50 347.35 339.50 793.72 557.40 294.80 23 344.55 Mah.Life 361.70 360.45 361.15 365.85 358.60 147.41 669.00 351.90 27 359.35
ABB India [2] 1314.90 1316.00 1329.80 1330.00 1310.10 224.33 1516.55 1123.00 55 1319.85 Concor [5] 511.20 525.30 513.10 535.00 513.10 1348.72 568.80 433.16 28 524.65 HFCL [1] 22.95 22.55 23.10 23.35 22.40 2253.23 35.25 17.20 14 22.80 Mah.Scoot 3504.80 3548.35 3564.95 3569.00 3454.70 4.56 3648.00 2028.80 55 3520.65
Abbott 7274.90 7304.80 7349.85 7349.85 7272.00 2.47 8834.05 5457.50 36 7296.85 ControlPrint 269.20 265.20 271.30 284.95 264.00 4.77 469.00 235.35 13 266.25 HGInfraEngg 286.20 283.15 290.00 290.05 282.15 25.28 355.75 170.20 15 283.15 Mah.Seam [5] 484.10 480.00 484.40 490.00 479.15 30.26 532.00 406.10 9 497.00
ABCapital 98.55 97.20 98.55 99.70 95.85 3715.61 166.00 77.55 - 97.65 CoralIndFin [2] 17.00 17.20 17.45 18.00 15.30 16.68 37.35 13.10 10 16.95 HighGrndEn [1] 7.00 6.80 7.00 7.00 6.70 17.61 17.64 5.26 5 6.85 MahangrGas 1039.80 1055.05 1041.00 1067.25 1032.05 494.49 1057.20 757.00 20 1046.90
ACC 1617.80 1666.30 1623.00 1679.85 1601.20 1424.99 1676.00 1255.00 21 1661.00 Cords Cab 66.65 65.75 66.95 67.00 64.40 32.67 99.60 52.30 11 65.40 Hikal [2] 172.20 173.65 174.80 175.00 171.00 166.08 207.00 135.00 22 174.95 MahaSteelInd 173.45 165.95 174.45 176.95 164.80 29.69 195.00 60.05 26 166.75
AccelyaKal 919.80 917.55 919.80 933.55 912.05 3.12 1422.85 896.00 15 916.45 Corom.Intl [1] 495.80 507.50 498.00 517.00 492.60 284.36 548.40 340.00 21 499.30 HIL 1865.95 1848.45 1879.95 1887.55 1841.05 12.42 2600.00 1560.85 13 1848.85 MahindraLog 511.10 526.40 512.00 530.00 505.10 13.58 652.95 418.80 46 522.95
Action Con [2] 109.20 114.60 109.20 121.80 109.20 1297.99 204.00 71.40 21 115.05 Corp Bk [2] 28.95 28.75 28.95 29.45 28.20 445.40 33.85 21.00 - 28.75 HimadriSpec [1] 115.95 116.30 116.80 118.00 116.00 179.43 155.10 94.00 16 117.15 Maithan 511.40 505.10 508.00 511.95 495.95 25.31 924.60 339.75 5 505.25
Adani Ent [1] 137.80 146.75 139.60 150.20 139.3013910.65 180.00 71.85 43 147.35 Cosmo Film 193.35 193.00 195.05 196.60 186.00 23.49 294.00 161.00 6 194.00 Himat.Seid [5] 214.50 217.70 215.80 223.00 210.95 132.71 400.00 161.25 10 218.15 Majesco [5] 484.65 485.05 485.10 496.50 483.75 20.51 581.00 401.10 110 484.75
Adani Pwr 46.90 48.20 47.05 50.35 46.8020253.76 58.20 15.20 - 48.20 CounClubH [2] 6.65 6.55 6.55 6.85 6.50 38.80 13.80 5.65 - 6.53 Hind.Compo [5] 212.95 213.30 215.55 216.25 211.00 2.06 544.70 190.00 14 213.30 Malu Paper 26.35 26.00 25.15 26.75 25.05 7.27 51.45 20.00 7 26.00
Adani Trans. 217.75 217.40 218.90 227.25 216.55 401.75 256.30 115.00 - 217.90 Count.Cond [1] 2.20 2.25 2.20 2.25 2.20 14.75 3.39 1.86 - 2.18 Hind.Cop [5] 48.50 48.95 48.95 49.70 48.70 729.04 82.10 43.00 36 48.95 Man Ind [5] 66.60 65.90 67.00 67.30 65.60 95.44 145.40 55.00 4 66.30
AdaniGas [1] 116.90 128.70 117.75 135.50 116.55 3150.94 135.40 70.20 67 128.85 Cox&King [5] 139.60 139.85 139.75 143.70 139.55 161.70 217.59 123.66 16 140.15 Hind.Media 110.20 112.20 110.80 114.40 110.20 51.93 238.00 96.55 9 112.70 Man Infr [2] 36.90 40.75 36.90 42.00 36.60 1250.90 56.85 31.50 10 40.65
AdaniGreenEn 35.85 37.15 35.95 38.25 35.45 2006.66 77.60 22.75 - 37.25 CPCL 264.75 273.30 269.20 275.45 267.50 661.77 359.40 197.70 - 272.75 Hind.Mot [5] 6.80 7.30 6.85 7.80 6.85 396.82 10.18 6.27 - 7.34 ManakAlumi [1] 7.00 6.90 7.00 7.05 6.60 14.67 12.65 5.50 - 7.29
ADF Foods 241.10 239.65 240.10 244.90 238.05 17.67 290.00 193.00 17 241.00 CrdtacsGramn 500.70 504.00 505.00 508.00 496.15 81.96 520.95 245.75 23 501.10 Hind.N.Gls [2] 83.15 82.30 83.95 84.90 81.00 0.67 139.45 69.20 - 83.90 Manaksia [2] 38.00 40.25 39.50 40.95 38.30 28.73 63.45 33.75 11 38.80
AdityaBirFas 221.65 220.35 222.00 224.00 219.00 702.27 236.45 132.15 74 220.95 Creat.Eye [5] 2.60 2.50 2.50 2.50 2.50 0.50 4.10 2.30 - - Hind.Oil.Ex 129.05 129.70 129.70 132.80 128.75 431.68 164.80 102.60 15 129.60 ManakSteel [1] 21.90 21.55 21.60 22.50 21.20 8.73 36.10 15.60 12 21.25
Adlabs Enter 8.40 8.00 8.30 8.75 8.00 2207.02 57.70 7.95 - 7.95 Crest Ventu 128.30 129.15 130.00 131.55 126.30 5.69 221.00 117.00 57 129.85 Hind.Rect [2] 112.95 113.85 115.00 115.00 113.20 4.18 165.00 97.00 19 113.85 Manali Pet [5] 25.00 25.20 25.00 25.60 25.00 187.05 55.75 21.20 6 25.35
Ador Weld 340.65 343.95 344.80 348.00 339.95 10.79 430.00 267.00 18 347.40 Crisil [1] 1447.80 1461.50 1445.05 1467.80 1445.05 8.36 2014.55 1259.00 38 1460.00 Hind.Znc [2] 275.80 276.85 278.90 278.90 274.65 427.94 336.35 243.00 14 276.40 Manap.Fin [2] 126.20 125.30 126.95 128.50 124.60 2938.58 130.45 66.40 14 124.60
AdunikInd 55.75 55.55 56.05 56.10 55.20 0.98 94.00 37.20 36 56.10 CromGreCon [2] 220.55 227.20 221.00 229.90 218.30 481.12 272.25 190.20 39 225.65 HindujaGlo 615.05 618.35 620.00 628.00 605.55 6.42 999.50 560.05 6 692.75 ManCoatMet [1] 5.60 5.50 5.70 5.75 5.50 155.50 18.00 5.00 - 5.79
AdvancedEnz[2] 169.50 182.60 170.00 185.30 170.00 859.55 263.35 145.40 49 182.90 CubexTub 15.10 14.40 14.55 15.05 14.35 10.31 25.55 10.95 - - HindujaVen 356.90 362.25 351.45 368.80 351.40 7.55 879.60 310.05 - 362.75 Mang.Cem 275.00 267.70 273.00 278.00 265.35 19.31 343.60 174.00 - 268.00
Advani Hot [2] 69.65 68.10 69.15 69.90 68.00 3.92 79.00 42.00 36 68.95 CUMI [1] 388.45 410.35 388.70 418.85 381.50 308.22 415.25 314.35 46 406.15 HindustnAero 721.15 706.45 720.00 720.30 705.00 24.66 1162.85 603.25 11 709.80 Mang.Chem 39.65 40.50 40.55 40.95 39.20 117.87 67.45 27.85 8 41.10
Aegis Log [1] 200.70 203.20 203.00 204.45 198.60 314.48 299.00 170.30 68 202.95 CumminsInd [2] 740.30 746.00 743.00 757.95 741.10 575.64 885.00 611.75 28 745.05 HisarMetalIn 41.00 42.00 43.50 43.50 40.55 1.12 106.70 30.50 5 42.35 Mang.Timb 17.20 17.15 17.65 17.65 16.90 30.08 30.55 14.10 - 17.00
Agarwal Inds 163.65 158.95 163.45 163.45 156.05 0.68 364.00 151.00 16 165.20 Cupid Ltd 140.40 139.85 138.20 142.50 136.05 30.89 275.54 113.00 14 138.65 HiTech Gr 285.10 288.15 289.00 297.00 286.65 2.99 526.15 270.00 16 294.40 ManpasandBev 119.60 116.90 119.70 121.60 107.65 367.92 458.75 58.00 14 116.95
AGC Net 111.10 112.90 111.00 115.80 111.00 1.97 142.00 46.00 - 111.95 Cyber Med 4.80 4.65 4.70 4.90 4.65 0.18 12.60 4.65 5 - Hi-TechPipes 208.75 227.70 211.95 230.00 210.00 126.41 167.85 67.50 18 - Manugrph [2] 27.20 27.35 27.05 27.50 26.70 5.51 52.80 25.30 - 27.60
AgriTech Ind 50.90 50.10 50.05 51.55 49.05 12.25 154.80 47.10 - 49.95 Cybertech 43.70 43.90 43.90 44.80 43.40 5.71 72.45 32.80 - 44.00 Honda Siel 1088.40 1089.00 1088.40 1096.25 1080.00 1.65 1527.95 1012.05 19 1086.15 Maral Over 26.25 25.95 26.25 26.25 25.00 7.84 37.90 22.10 12 25.30
Agro Tech 581.20 596.90 581.15 603.15 573.80 7.98 820.00 451.00 44 594.55 CYIENT Ltd [5] 651.85 649.45 660.00 669.80 646.10 417.24 887.00 571.10 18 647.95 Honey.Aut 22393.50 22331.65 22303.75 22440.00 22150.00 1.17 24178.00 17140.00 5922248.90 MarathNxtge [5] 118.35 121.45 118.40 133.80 118.10 18.96 256.00 91.00 17 122.95
AgroPhosInd 71.90 70.20 74.00 74.00 68.10 48.78 79.95 55.00 - - Hotel Leela [2] 11.10 10.90 11.20 11.50 10.85 917.31 21.50 8.61 - 11.04 Marico Ltd [1] 337.60 346.65 339.00 347.80 336.45 2024.60 397.00 286.25 50 345.25
Ahluwalia [2] 325.10 324.85 332.35 333.20 324.00 3.63 445.00 243.60 19 325.00 D................................................ HOV Services 129.65 129.05 130.70 132.45 127.50 9.44 268.65 112.00 - 127.10 Marksans [1] 24.70 24.95 24.90 25.35 24.75 678.04 40.55 22.00 24 24.85
AIA Engg [2] 1837.15 1796.10 1848.15 1858.00 1780.00 77.03 2026.00 1378.55 32 1789.90 Dabur [1] 410.95 408.80 414.30 414.50 407.00 5749.81 490.70 327.00 60 409.05 HPCL 272.45 283.85 275.10 286.00 274.80 8952.34 370.00 163.45 9 283.50 MASFinServ 561.05 563.25 565.00 574.95 555.10 12.47 634.90 365.00 22 566.60
Ajanta Phr [2] 1025.40 1035.20 1030.00 1064.40 1028.10 716.65 1421.85 897.60 21 1030.40 Dalm.B.Sug [2] 120.80 123.80 120.60 124.50 120.60 244.54 136.00 46.00 8 122.75 HPLElect&Pow 56.55 55.85 57.90 58.10 54.75 125.16 134.00 44.00 17 55.80 Mastek [5] 438.85 443.45 438.85 449.40 438.75 89.97 643.90 365.20 39 443.30
Ajmera 185.70 189.85 185.70 192.00 185.15 133.03 289.95 131.35 9 190.45 DamodarInd [5] 42.05 40.90 42.15 42.15 39.95 9.09 68.90 35.50 8 40.35 HSG&UrbanDev 44.30 44.90 44.55 45.70 44.30 1035.38 72.15 37.45 8 44.95 MatrimCom [5] 631.55 663.75 633.00 670.00 620.00 16.57 920.10 365.25 38 652.45
Aksh Opti [5] 19.30 18.85 19.20 19.50 18.80 471.02 38.85 18.10 6 18.85 Datamatics [5] 103.70 103.00 103.55 105.00 102.15 28.16 154.40 82.00 20 103.25 HSIL [2] 248.35 250.50 249.90 252.80 244.00 164.70 419.00 186.00 32 249.95 Maw.Sug 44.45 44.95 44.10 45.65 44.10 74.00 73.00 30.10 - 45.70
AksharChem 337.40 331.40 338.95 338.95 329.00 3.37 665.80 305.00 11 327.20 DB Corp 188.95 186.95 191.50 191.50 184.55 215.91 328.00 152.85 12 187.45 HT Media [2] 44.25 45.00 45.80 45.80 44.50 127.77 92.30 36.20 20 44.85 Max India [2] 69.15 68.35 69.50 69.50 64.30 1485.15 95.20 55.00 - 66.50
Akzo 1786.65 1802.85 1786.00 1817.95 1762.05 9.21 1993.00 1471.00 22 1788.25 DB Stk [2] 7.60 7.85 7.25 7.95 7.25 1.04 9.35 6.55 - - Hubtown 31.45 32.00 31.70 32.20 31.10 120.02 80.85 30.60 - 32.15 MaxFinancial [2] 438.15 435.20 440.00 440.20 432.10 685.09 533.60 343.95 80 434.80
Alankit [1] 32.35 31.45 32.50 33.00 30.65 708.27 48.90 16.95 30 31.80 DCB Bk 204.95 204.70 205.50 208.95 204.00 1410.32 208.50 139.50 22 204.35 MaxVent&Ind 46.45 45.15 46.50 46.85 44.90 49.52 75.75 41.70 - 45.50
AlbertDavid 394.55 390.85 393.00 397.00 389.45 7.97 854.75 353.00 9 394.00 DCM 58.00 59.80 57.50 60.85 57.00 22.10 104.30 56.70 11 61.45 I................................................. Mayur Uniq [5] 346.25 346.70 347.00 350.00 343.15 10.79 511.95 337.00 17 350.60
Alembic [2] 41.45 42.00 41.55 42.20 41.55 128.06 62.45 35.75 24 42.25 DCMShriram [2] 411.70 414.00 413.70 419.70 411.10 177.28 500.00 222.55 10 415.95 Ibull Real [2] 91.25 92.20 91.85 93.20 90.45 4110.25 223.90 63.05 - 92.20 Mazda Ltd 435.00 435.60 435.00 444.90 435.00 9.11 446.40 244.05 14 434.70
Alembic Ph [2] 520.90 537.80 520.90 544.90 509.60 326.23 664.00 412.40 16 530.55 DCW [2] 20.80 21.80 21.00 22.40 20.65 866.87 37.30 13.15 - 21.90 ICICILombGIC 1005.30 1033.30 1011.00 1034.95 992.35 703.62 1037.00 683.00 45 1032.85 MBL Infra 13.20 13.05 13.00 13.70 13.00 52.19 28.60 11.15 - 13.00
Alicon [5] 595.45 585.90 596.05 596.05 580.80 0.78 749.90 510.00 18 589.65 De Nora 292.95 292.70 292.50 305.30 288.00 8.33 542.40 220.20 42 297.40 ICICISecu 241.80 242.00 242.05 246.35 240.00 228.88 463.00 188.00 - - McD.Hld 23.10 23.10 23.00 23.60 22.50 10.65 48.00 19.30 - 23.00
Alkali Met 40.80 41.40 41.00 41.85 40.80 14.28 91.30 35.25 33 41.10 Deccan Cem [5] 411.90 414.95 414.50 416.95 406.85 21.86 531.00 326.20 14 416.90 ICRA 2880.80 2887.25 2919.90 3414.75 2867.80 3.13 4000.00 2833.00 27 2901.25 McL.Rusl [5] 85.75 85.75 86.00 87.00 85.05 156.99 175.25 83.00 14 85.75
AlkemLabs [2] 1741.70 1750.85 1750.40 1770.00 1730.00 74.41 2265.00 1693.00 31 1751.80 Deep Ind 142.65 138.85 145.00 145.00 138.05 33.25 178.70 79.10 7 139.00 IDBI 44.60 46.65 45.10 47.45 44.8022521.33 75.10 41.50 - 46.65 MCX 807.20 806.60 806.40 817.15 791.90 326.09 917.00 643.50 31 806.75
Alkyl Amine [5] 835.85 833.00 835.85 845.45 825.00 2.54 869.00 525.00 19 838.70 Deepk.Fer 135.70 131.50 136.50 136.50 129.40 186.06 396.95 104.80 16 132.85 Idea Cell 29.00 18.25 17.95 20.45 17.75213974.38 47.35 17.06 - 18.15 Meghmani [1] 61.80 61.10 62.20 62.35 60.85 630.95 114.40 42.10 16 61.30
Allahbd.Bk 54.90 54.60 54.90 55.80 54.30 6926.62 58.80 33.25 - 54.65 Deepk.Ntr [2] 274.85 274.15 276.00 282.50 271.55 173.17 305.00 204.60 37 274.60 IDFC 46.90 46.55 47.10 48.10 46.30 7553.36 60.15 34.30 46 46.40 MenonBear [1] 83.10 81.90 82.20 83.85 81.50 18.79 117.80 70.00 18 82.75
Allcargo [2] 116.25 115.10 116.00 117.80 114.40 151.13 159.80 91.70 19 114.55 Delta Corp [1] 261.40 254.80 262.75 265.50 253.55 1134.57 301.35 198.10 43 254.70 IDFCFirstBnk 54.65 55.50 54.95 55.70 54.5518980.34 55.70 32.70 - - MEP Infra 41.35 41.95 41.30 43.00 41.30 269.79 86.15 35.50 16 41.75
Allied Dig [5] 13.60 13.40 13.55 14.40 13.35 9.72 25.50 9.25 - 13.76 Delta Mag 71.45 73.00 74.60 74.60 71.05 1.05 140.00 46.55 40 78.75 IFB Agro 485.65 493.80 486.60 499.00 486.60 3.70 885.60 388.00 13 500.05 Mercator [1] 6.70 6.90 6.95 7.00 6.75 453.16 35.90 6.01 - 6.88
Allsec 281.00 276.95 282.00 284.95 272.15 35.25 403.50 151.10 16 278.35 Den Net 69.45 71.70 70.00 72.90 69.10 113.57 112.90 45.10 - 70.65 IFB Ind 962.20 977.95 951.05 990.00 951.00 15.16 1422.00 700.00 52 977.30 Merck 3556.75 3693.05 3598.70 3700.00 3565.20 58.63 3700.00 1500.05 7 3673.65
Alm.Global [6] 22.35 22.40 22.30 23.70 22.00 0.97 42.35 19.55 - 24.50 Dewn HsgFin 149.50 150.25 149.50 154.20 149.0020294.22 690.00 97.00 3 150.50 IFCI 13.70 13.80 13.60 14.15 13.60 5908.06 21.60 11.50 - 13.77 MFL 20.70 20.55 20.95 20.95 20.30 57.64 24.70 12.15 - -
Alok Ind 5.00 4.75 4.75 4.75 4.75 401.85 5.91 1.44 - 4.45 DFMFoods [2] 211.25 218.10 212.50 220.00 212.30 13.35 309.00 176.55 37 216.40 IFGLRefract 242.15 239.20 237.30 244.85 234.95 8.06 272.35 195.00 31 241.05 Minda Corp [2] 137.75 135.75 137.50 139.50 133.80 73.36 206.00 106.00 31 136.25
Alpha Lab 26.85 26.65 27.00 27.50 26.50 30.91 41.90 20.25 20 26.50 Dhamp.Sug 229.05 232.95 226.00 237.35 226.00 967.60 252.20 72.00 13 233.05 IG Pet 304.30 295.80 305.30 307.50 294.20 16.88 795.50 215.85 7 298.80 Minda Ind [2] 335.90 326.40 337.80 338.25 325.00 136.00 455.00 256.30 62 326.65
Alphageo 503.40 485.35 502.95 512.05 480.25 14.16 845.10 365.00 6 481.30 Dhanlk.Bk 17.45 17.30 17.40 17.55 17.20 453.18 23.75 10.80 - 17.35 Igarshi 348.05 346.05 354.00 354.95 344.10 14.17 848.00 345.00 18 349.95 MindTec(Ind) 35.50 34.55 37.00 37.00 34.30 1.58 76.50 32.00 26 36.80
Amararaja [1] 717.45 719.95 719.95 724.00 716.65 333.91 907.75 670.65 26 718.95 Dhanuka Ag [2] 393.80 389.90 393.00 408.00 387.25 26.68 632.50 358.25 16 392.90 IIFLHoldings [2] 429.70 429.00 434.70 434.70 422.55 169.05 810.00 297.50 78 432.35 MindTree 941.25 944.50 942.30 952.00 941.60 1120.08 1181.90 752.60 21 943.95
AmberEntp(I) 805.15 816.60 810.00 822.80 801.05 86.44 1200.00 621.05 40 818.45 Dhar.Sugar 11.35 11.45 11.50 11.75 11.20 5.72 26.25 9.01 - 11.31 IL&FS Trn 5.55 5.55 5.60 5.60 5.35 466.15 69.00 5.20 - 5.71 Mirc Ele [1] 22.20 22.10 22.35 22.45 22.00 107.56 56.00 19.95 - 21.95
Ambika Cot 1124.90 1121.50 1129.95 1140.00 1118.00 7.50 1432.90 1061.10 10 1115.35 Dhun.Inv 266.60 265.30 266.00 273.45 260.25 1.34 422.00 232.00 14 261.70 IL&FS Ven [2] 4.85 4.75 4.80 4.90 4.65 247.73 20.70 4.55 - 4.70 Mirza [2] 54.80 54.85 55.15 55.25 54.10 310.61 146.00 50.95 11 54.70
AmbujaCeme[2] 231.85 235.30 234.90 236.20 230.40 4810.35 252.40 188.50 30 235.05 Dhunseri Tea 219.55 221.55 220.00 224.95 218.05 1.73 344.80 203.05 25 214.30 IMP Pwr 41.40 41.85 43.80 43.80 39.55 1.88 103.85 31.50 7 - MishDhatuNig 139.90 141.10 140.90 147.95 138.50 395.49 177.00 86.35 21 141.05
AMD Ind 20.15 20.45 20.85 20.85 20.00 2.80 32.00 18.00 - 20.05 DhunseriVent 91.70 93.25 94.50 95.80 91.40 7.94 171.65 77.70 - - IMPAL 910.20 905.00 900.00 912.00 895.00 0.20 1189.70 796.00 20 914.00 MM Forg 539.85 544.30 546.60 554.00 539.45 3.14 743.40 461.70 14 543.70
AMJLandHold[2] 19.70 19.70 19.50 19.95 19.15 4.21 35.90 15.20 15 20.00 DIC India 346.30 340.85 346.40 349.75 328.90 3.52 520.00 311.50 - 343.30 Ind Terr [2] 134.10 134.65 135.00 136.35 130.50 7.95 206.00 111.20 19 133.40 MMTC [1] 27.95 28.00 28.70 28.90 27.85 1199.35 47.05 23.85 - 28.00
Amrutanjan [1] 308.10 309.25 310.95 311.50 308.00 23.25 359.90 235.10 57 310.75 Digjam Ltd 4.45 4.40 4.55 4.65 4.35 42.14 11.80 2.85 - 4.37 Ind.Bk.Mer 9.35 9.20 9.70 9.70 9.15 21.79 22.50 8.05 - 9.15 Mohit Ind 7.95 8.00 8.30 8.30 7.75 5.05 36.00 6.64 - 7.88
Anant Raj [2] 33.30 33.60 33.35 34.20 33.35 378.19 53.70 28.65 26 33.55 DilipBuildco 648.60 641.50 663.00 672.00 635.00 243.79 1248.35 311.55 11 643.45 Ind.Card 124.35 120.45 124.00 124.00 117.20 1.38 171.00 83.25 - 119.55 MohotaInd 35.10 34.60 36.80 36.80 33.60 14.28 197.40 34.75 17 35.30
Andhar Sug 344.20 343.20 345.50 347.35 340.00 22.92 486.00 290.35 7 350.25 Dish TV [1] 39.00 38.90 39.75 39.75 38.1012554.55 81.70 19.25 - 38.85 Ind.Cem 102.40 108.30 102.60 108.70 102.4013605.31 155.80 74.85 55 108.20 MOIL 157.05 158.70 157.10 161.35 157.10 258.54 220.55 140.20 9 159.00
Andhra Bk 27.95 28.05 28.00 28.50 27.95 1840.20 47.00 22.70 - 28.10 DishmanCarb[2] 208.70 208.35 211.50 212.90 206.75 113.83 386.50 180.35 87 209.40 Ind.Gly 279.85 278.65 281.90 282.80 277.45 80.13 619.90 233.00 5 279.65 Mold-TekPac [5] 263.45 258.10 263.30 263.30 244.20 49.78 372.55 201.80 21 263.45
Anik Ind 15.50 15.45 16.00 16.00 15.20 21.83 53.35 12.55 - 15.80 Divis Lab [2] 1654.55 1703.10 1661.00 1714.90 1661.00 1026.22 1767.10 994.95 35 1703.20 Ind.Hume [2] 292.60 293.50 291.30 295.95 290.25 9.21 375.00 220.25 18 293.70 Mold-TekTec [2] 46.60 45.90 47.40 47.45 45.55 22.03 57.80 37.10 14 46.90
AnjPortCemen 119.90 118.30 126.00 126.00 112.60 8.59 218.90 92.00 17 121.55 DixonTec(In) 2364.00 2351.00 2351.00 2385.55 2340.00 9.67 3941.00 1894.00 47 2351.15 Ind.Inv.Tru 75.05 73.75 75.05 76.95 73.75 0.03 139.80 57.55 - - MonetIsp&Ene 23.50 28.05 23.80 28.20 23.55 249.48 47.75 21.05 - -
Ansal Pro [5] 11.20 11.30 11.20 11.55 11.00 89.72 23.90 9.40 - 11.22 DLF Ltd [2] 194.05 202.45 195.95 206.40 193.8019479.64 226.00 141.20 49 201.60 Ind.Metals 256.00 258.75 256.00 265.00 256.00 25.33 588.75 204.40 8 260.85 Monsanto 2598.90 2599.00 2599.00 2602.00 2585.10 8.00 3358.00 2424.00 25 2599.90
Apar Ind 671.55 671.90 672.30 674.00 659.70 5.16 820.90 535.00 19 674.05 D-Link [2] 83.85 82.60 84.20 84.50 81.75 27.15 114.90 62.15 11 83.65 Ind.Nippon [5] 418.75 424.30 419.05 429.95 415.00 3.14 600.00 369.00 17 421.60 Monte Carlo 364.85 362.90 363.50 367.25 361.05 8.54 569.00 328.10 10 364.65
Apcotex Ind [5] 516.35 526.00 522.00 530.30 515.45 8.48 668.75 429.00 25 522.85 DollarInd [2] 283.45 286.45 285.45 292.00 283.70 12.07 380.00 248.00 23 294.40 Ind.Ovr.Bk 14.25 14.45 14.50 14.75 14.30 1387.81 18.60 11.05 - 14.42 Morarj.Tex [7] 22.65 23.40 23.30 24.05 22.90 5.17 46.55 18.25 - 22.70
ApexFznFoods 338.40 327.90 339.75 343.45 325.20 150.99 699.50 272.00 15 329.35 Dolp.Off 47.50 46.95 48.00 48.20 46.50 30.04 99.40 34.20 - 46.60 IndbullsVent [2] 314.50 326.15 318.70 343.80 311.30 4910.51 819.95 243.00 228 325.35 Morepan [2] 17.55 17.25 17.60 17.70 17.15 597.63 41.30 14.70 - 17.25
APL Apl 1448.65 1441.85 1450.00 1454.75 1414.90 26.55 2230.00 1009.05 33 1439.70 Donear [2] 43.80 42.85 43.80 44.05 42.35 29.93 63.95 30.00 15 42.70 IndiabulsInt 292.60 307.20 307.20 307.20 307.20 11.93 785.00 195.10 - - Most.Fin [1] 599.70 602.10 598.00 613.75 593.45 112.08 1066.55 549.75 36 600.10
Apollo Hsp [5] 1182.95 1227.60 1195.40 1253.35 1188.95 1780.37 1387.00 911.10 60 1220.95 DPSC 13.25 13.45 13.90 13.95 12.50 16.79 30.90 9.40 - - Indian Bk 277.35 280.10 280.45 287.00 275.85 3433.32 380.00 200.65 21 278.50 Mot.Gen.Fin 48.15 47.00 47.00 47.00 45.65 0.24 66.00 33.15 - 46.50
ApolloMicSys 101.45 104.80 101.50 108.00 101.50 20.00 268.55 94.30 8 104.20 DQ Ent 6.20 6.05 6.15 6.95 6.00 10.50 14.60 5.01 - 6.15 Indian Htl [1] 151.95 154.90 152.00 156.00 149.20 2458.14 156.45 110.00 68 154.35 MothersSum [1] 145.75 149.70 145.00 150.25 144.50 8853.51 239.40 127.50 56 149.25
ApolloTyr [1] 217.45 222.75 219.60 224.30 217.65 3657.46 307.15 192.10 16 221.75 Dred.Corp 422.90 425.95 433.50 438.95 424.05 261.08 671.40 286.60 - 427.00 IndianEgyExc[1] 163.10 165.00 165.65 166.35 160.50 146.13 178.00 146.95 32 164.40 MphasiS 965.30 991.10 960.00 1009.00 952.05 375.41 1278.00 837.00 23 988.85
Aptech 180.05 177.80 181.00 182.35 177.10 152.23 302.00 120.60 87 176.60 DrLalPathLab 1074.10 1044.30 1088.00 1088.00 1033.00 47.05 1120.00 800.00 46 1054.50 Indo Count [2] 49.75 48.70 50.10 50.10 48.10 167.90 103.00 30.30 11 48.50 MPS 472.65 476.80 478.85 479.65 471.85 2.00 716.35 425.00 13 479.25
Archidply 39.95 40.00 39.25 41.70 39.25 43.00 100.40 35.00 - 40.30 DuconInfrTec[1] 11.70 12.10 11.50 12.75 11.50 221.79 36.10 8.51 - 12.06 Indo Wnd 5.60 5.50 5.50 6.05 5.40 46.34 9.21 3.65 - 5.59 MRF 56296.95 57987.15 56300.10 58175.00 56300.10 10.55 81423.00 53901.45 2158056.30
Archies [2] 24.90 25.90 24.90 26.10 24.80 89.98 46.45 20.50 - 25.20 Dwarikesh [1] 29.90 30.75 30.05 31.25 29.70 1162.36 34.35 14.05 11 30.90 Indoco Rem [2] 187.05 202.30 186.65 214.00 184.90 63.56 238.00 150.25 - 202.70 Mro-Tek [5] 38.55 37.95 38.80 38.80 37.30 3.47 69.00 18.50 17 39.50
Aries Agro 88.10 86.75 89.00 89.50 86.15 32.51 217.40 68.50 7 86.75 Dynac.Sys 27.20 27.60 27.20 27.70 27.10 1.59 47.85 26.05 8 27.50 IndostrCapFn 381.45 416.10 385.00 425.70 381.20 480.46 606.60 275.00 15 419.15 MRPL 74.30 74.30 74.25 75.60 73.95 891.33 115.05 60.00 23 74.50
Arih.Found 28.25 28.95 27.70 29.85 27.70 6.16 46.50 22.45 14 - Dynamatic 1531.05 1612.30 1530.05 1619.00 1530.05 3.26 1980.00 1211.00 33 1619.95 Indotech Tr 104.30 104.40 106.75 106.80 103.10 2.67 221.70 82.25 - 104.50 MSP Stl 13.25 12.70 14.30 14.30 12.55 22.44 19.40 9.75 - 13.00
ArmanFinServ 370.95 370.15 372.00 372.05 368.05 10.32 450.00 257.00 48 - DynemicProd 117.85 117.35 119.00 120.60 115.50 5.52 211.45 96.05 8 118.15 IndoThai 37.80 36.55 38.60 38.80 36.05 4.83 86.30 26.00 10 35.10 MT Edu 69.90 75.25 70.15 77.00 69.40 848.69 77.40 39.50 - 75.75
AroGranite 49.45 49.30 49.10 50.60 49.00 5.67 74.00 42.05 11 49.20 Indra.Gas [2] 308.35 305.45 308.30 310.80 303.55 1156.37 320.30 215.20 29 304.50 MTNL 11.95 12.00 12.70 12.90 11.90 4649.39 21.50 11.82 - 11.96
Arrow Text 18.40 17.75 17.70 18.30 17.65 9.70 39.40 13.30 - 17.80 E ................................................ Indra.Med 38.55 38.45 38.35 38.70 38.30 28.59 52.00 36.15 13 38.35 Mukand 55.70 54.10 55.70 56.80 53.25 29.27 76.50 42.50 13 54.65
Arshiya [2] 29.45 30.00 29.55 30.60 29.50 100.70 83.00 21.25 - 30.00 Easun Rey [2] 7.80 7.90 7.65 8.00 7.65 16.85 24.90 4.91 - 7.99 IndSwifLab 40.45 39.30 40.95 41.00 39.00 33.51 110.75 39.10 4 39.25 Mukand En 16.65 17.50 17.50 17.70 16.50 4.58 43.60 13.80 - -
Arss Infra 42.80 41.20 44.00 44.00 40.75 25.48 58.25 17.80 - 41.05 ECE Ind 224.30 268.65 243.80 269.15 230.20 80.01 188.80 85.05 210 - INEOS Styro 518.60 523.10 519.10 527.95 518.10 2.61 937.70 485.05 28 524.05 Mukta Ar [5] 47.20 46.20 47.00 47.70 45.55 25.26 72.10 32.10 - 45.70
ArtemGlobSC 59.55 60.20 60.50 61.40 57.60 3.36 113.40 56.10 - - Eclerx 1148.95 1147.65 1142.50 1155.00 1142.50 42.67 1390.00 958.00 22 1151.45 Infibeam Inc [1] 42.15 42.95 42.35 44.10 42.35 6015.48 242.80 27.65 - 42.95 Munj.Auto [2] 53.05 53.75 53.80 55.40 53.20 100.32 82.00 49.30 16 54.05
Arvind 91.85 90.95 92.40 92.50 90.20 3187.10 156.30 72.80 9 90.80 EdelFinSer [1] 194.20 197.75 195.95 198.50 194.00 1728.31 342.00 116.15 130 197.00 Info Edge 1870.15 1842.55 1867.10 1876.45 1825.50 83.95 1926.55 1125.00 86 1842.85 Munj.Showa [2] 160.55 167.80 161.15 174.70 161.10 67.08 261.00 146.00 9 165.75
Arvind Fashions 1021.75 1043.20 1025.20 1054.00 1016.00 227.07 1089.70 590.95 - - EID Parry [1] 204.60 204.65 205.60 207.00 203.00 72.59 289.90 177.00 31 205.80 Ingersoll 614.95 624.95 624.00 630.00 609.00 22.68 914.90 472.35 22 623.75 Murd.Cera 20.50 20.70 20.65 21.10 20.30 49.71 43.35 18.35 19 20.55
ArvindSmart 131.55 130.90 132.55 136.05 130.00 34.09 214.00 100.20 9 131.20 EIH [2] 201.70 205.95 202.00 211.00 199.55 376.62 214.95 137.60 81 202.55 Inox Leis 329.90 329.40 329.70 335.85 323.10 242.85 341.80 189.65 23 328.80 MusicBrdcast 59.80 58.05 60.00 60.20 57.75 210.95 409.50 48.70 - -
Asahi India [1] 260.35 259.25 260.00 264.20 257.05 13.77 385.20 238.50 31 261.60 EIH A Htl 379.65 385.70 381.15 388.00 380.00 1.51 690.00 290.00 34 384.50 Inox Wind 66.30 66.65 67.00 68.35 66.05 143.20 119.00 56.85 - 66.90 Muthoot Cap 902.55 904.35 903.40 915.00 900.05 5.60 1300.00 700.10 17 897.25
Asahi Song 153.35 157.35 154.05 161.00 153.10 6.78 360.90 135.00 12 159.45 Eimco 399.20 390.05 387.40 399.00 387.00 0.95 497.00 308.00 9 387.00 Insectic 643.60 661.70 649.90 664.70 633.50 12.15 800.95 370.00 14 659.35 Muthot.Fin 609.95 615.60 614.90 624.70 612.00 1639.11 624.70 356.55 13 615.70
Ashapura [2] 28.30 28.20 28.40 29.10 28.10 36.84 82.30 19.45 - 28.20 Elec. Eng [2] 63.55 63.00 63.70 64.80 62.50 172.77 88.70 48.45 12 63.25 InspirisySol 55.10 52.55 54.95 56.00 52.05 2.37 90.40 38.50 - - MVL [1] 0.25 0.25 0.20 0.25 0.20 296.61 0.45 0.19 - 0.22
Ashiana [2] 115.50 116.15 117.25 117.25 113.70 29.77 171.65 104.00 32 115.10 Elec.Stl.Cs [1] 20.05 19.90 20.45 20.45 19.60 162.01 34.70 16.15 5 20.00 IntellecDesi [5] 209.80 203.35 208.50 210.80 202.10 200.35 283.20 151.10 16 203.60
Ashok Ley [1] 88.60 91.30 89.20 92.20 88.6029043.88 167.50 77.50 14 91.30 Electrotherm 183.45 180.75 184.10 185.70 179.00 6.11 217.00 128.00 2 180.80 IntenseTech [2] 38.00 37.55 37.50 38.00 37.00 19.25 90.00 35.00 6 37.40 N................................................
Ashoka Bld [5] 129.80 126.90 131.80 132.50 126.25 191.37 196.63 93.15 11 128.90 Elgi Eqp [1] 242.20 245.50 244.60 248.00 243.15 170.33 315.00 218.50 48 244.45 IntGlobAviat 1438.50 1428.15 1433.00 1449.95 1421.50 1253.10 1520.00 697.00 - 1427.10 NACLInd [1] 29.85 29.95 30.60 30.60 29.45 35.44 46.50 25.00 - 29.90
Asian Gran 238.95 246.15 238.90 254.00 233.00 277.83 520.00 130.00 42 248.05 Elgi Rbr 23.95 23.90 25.90 25.90 23.35 1.48 44.90 20.70 - - Intl Paper 451.35 446.60 452.20 454.95 445.20 3 NagaDhunseri 719.85 711.45 719.85 719.85 695.55 0.08 1690.00 635.05 - -
Asian Htl-E 238.95 245.45 237.00 250.00 235.10 2.40 388.50 202.05 16 252.60 Emami [1] 397.75 400.00 399.70 402.75 399.00 181.97 602.00 338.00 58 400.00 Nagar.Oil [1] 0.35 0.35 0.30 0.35 0.30 1127.51 3.90 0.32 - 0.33
Asian Htl-N 139.00 139.60 138.20 141.50 138.15 0.09 331.00 125.00 - 142.35 EmamiRealty 116.20 114.90 116.55 116.55 113.00 23.45 324.95 102.00 - - O C m NagarjunFert [1] 6.45 6.90 6.60 7.25 6.55 858.66 19.75 5.40 - 6.86
Asian Htl-W 333.50 350.05 340.00 360.00 336.05 0.58 419.40 255.00 17 352.00 Emkay Glo 100.65 104.75 103.70 106.00 100.50 32.32 185.50 70.00 22 105.00 PCA Nagrk.Cap [5] 12.95 12.90 12.65 13.00 12.60 3.64 54.65 11.64 - 12.95
Aspinwall&Co 169.00 168.30 176.00 178.95 166.10 0.57 409.00 143.05 - - Emmbi Ind 128.05 125.35 129.50 129.50 124.50 6.92 199.45 98.05 13 125.05 P N Nagrk.Exp [5] 22.00 22.45 22.80 24.00 22.00 11.63 38.45 19.05 12 22.00
Aster Life 534.95 538.05 539.80 544.90 534.05 6.65 782.50 468.45 26 538.60 EnduranceTec 1148.45 1160.85 1147.50 1163.85 1147.00 187.31 1579.00 1065.00 47 1159.55 RB Nah.Cap [5] 89.80 90.75 91.90 91.90 89.00 0.81 149.40 74.75 9 90.50
AsterDMHealt 154.50 154.15 154.55 156.00 153.50 31.44 194.00 141.05 - 154.55 Energy Dev 6.80 6.70 7.00 7.25 6.45 156.03 26.60 6.34 - 6.84 Nah.Ind 42.45 42.55 43.90 43.95 40.00 35.75 85.75 36.15 18 43.95
Astra Mic [2] 97.05 98.90 97.45 100.95 97.05 354.37 112.45 71.00 24 98.30 Eng.India [5] 115.60 117.30 116.10 117.80 115.55 2310.06 168.15 100.45 22 117.00 DC m Nah.Poly [5] 37.00 38.00 36.30 38.50 36.30 2.34 63.80 33.65 18 37.60
Astral Poly [1] 1147.80 1161.90 1159.30 1170.00 1143.10 37.65 1291.20 814.60 96 1158.30 Ent.Net.Ind 524.95 538.20 520.05 539.80 520.00 6.49 751.80 508.00 56 538.35 DC Nah.Spg [5] 87.25 91.85 86.90 93.40 86.90 61.88 107.00 69.90 5 91.60
AstraZen [2] 1959.40 1988.65 1978.95 2085.00 1966.10 20.97 2137.50 930.00 104 1998.30 Eon Elec [5] 39.20 38.95 39.80 39.80 38.75 14.08 93.60 32.20 - 39.65 NALCO [5] 53.05 55.45 53.25 55.95 53.2517387.77 90.10 46.25 6 55.40
AstronPaper 100.05 101.55 101.95 104.35 99.70 192.00 147.75 94.10 19 102.40 Equitas Hold 135.70 136.90 136.00 139.25 135.85 1249.20 173.40 78.00 - 136.70 VP Nalwa Son 970.35 1046.95 974.95 1059.00 973.95 1.09 1400.00 870.00 23 1049.80
Atlanta [2] 18.85 18.70 19.00 19.00 18.30 32.07 84.80 14.00 - 18.50 ErisLifeSci [1] 639.85 644.90 633.50 648.80 633.50 13.38 817.65 571.50 30 644.05 VRC Nandan Den 53.70 53.70 54.50 54.50 53.05 18.35 141.25 39.50 14 53.30
Atul 3533.20 3585.90 3550.00 3658.95 3494.50 18.00 3633.25 2600.00 25 3572.90 Eros Intl 78.85 78.20 79.40 80.30 76.70 401.37 186.70 61.65 7 78.70 MO NarayaHru 215.25 212.65 215.30 216.10 210.10 13.89 305.00 182.00 135 213.75
Atul Auto [5] 338.85 339.95 340.50 343.85 337.00 11.23 466.00 266.95 14 344.00 Esab Ind 930.55 924.70 925.85 929.85 915.90 2.11 1044.00 578.60 28 913.65
#3585

Natco Phr [2] 566.00 573.45 571.80 579.00 566.00 273.61 849.00 557.00 13 571.60
Aurionpro 131.95 129.25 132.00 134.45 128.00 19.27 221.49 107.05 8 128.75 Escorts 792.45 796.05 799.65 807.00 788.30 2340.49 1018.50 542.60 21 796.85 J Nath Bio-Gen 431.65 460.85 435.75 468.50 435.75 123.92 585.00 327.60 25 461.85
AurobindPhr [1] 769.25 784.25 774.00 802.55 774.00 3809.17 830.00 527.05 33 786.00 Essar Shp 10.30 10.35 10.35 10.70 10.10 49.49 24.95 8.26 - 10.46 &K B Natl Build [1] 64.95 66.30 65.60 66.60 65.4514264.18 109.25 46.55 32 66.30
AUSmallFinBk 588.35 595.60 588.00 604.50 573.35 727.82 746.95 502.00 50 593.30 EssDee 16.35 16.25 16.90 17.15 16.00 41.32 62.10 10.35 - 16.44 Natl Fert 35.45 35.20 35.70 35.95 35.10 244.27 60.85 30.70 6 35.35
Ausom 35.25 36.55 37.00 37.00 35.75 2.09 113.40 30.25 4 37.75 EsselPack [2] 114.05 116.65 112.85 117.80 112.85 43.60 144.53 85.00 50 116.75 P Nava.B.Ve [2] 102.10 103.25 102.90 106.65 102.00 306.35 168.00 94.90 9 111.75
Auto Axl 1284.90 1243.50 1265.05 1283.90 1224.25 14.09 1687.60 991.00 16 1245.90 Ester [5] 34.70 34.95 35.55 35.85 34.50 31.10 78.00 26.75 10 35.10 C Navin Flu [2] 725.20 707.60 726.00 728.45 700.45 21.89 823.00 581.35 23 711.15
Auto Stamp 54.95 52.85 55.40 55.40 51.80 8.63 88.00 37.50 - 53.20 Eurotex 18.25 17.35 18.85 18.85 17.35 0.13 38.20 14.00 - - DVR Navkar Corp 40.10 39.25 40.10 40.70 39.10 833.10 185.00 37.05 8 39.15
Autoline 52.40 52.05 52.50 53.50 52.00 28.44 92.00 47.00 - 51.75 Ever.Kanto [2] 27.30 27.00 27.50 27.65 26.75 113.80 55.90 23.75 8 27.05 Navneet Ed [2] 109.10 108.70 109.60 109.65 108.05 19.78 158.35 98.55 14 108.65
Autolite 38.90 39.15 39.25 39.50 38.55 2.68 86.50 27.65 11 38.30 Everady [5] 194.60 192.05 195.90 199.10 190.60 424.85 394.45 175.50 28 192.65 m A NBI.IndFinCo 951.15 1040.20 902.10 1055.70 885.20 0.37 1698.90 885.20 - -
AvadSug&Egy 478.50 477.80 472.20 486.40 472.20 48.13 595.20 265.00 - 477.55 Everest Ind 460.80 465.50 460.30 467.30 460.30 15.69 597.50 380.45 10 465.85 B NCC [2] 111.40 112.85 112.70 113.75 112.00 4635.30 136.95 63.10 13 112.60
Avanti Feeds [1] 419.45 408.80 420.00 423.40 407.10 616.12 841.66 306.50 23 407.85 Excel Crop [5] 3606.85 3615.90 3613.95 3654.00 3600.00 1.42 4800.00 2850.00 48 3640.95 A NCL Ind 142.60 143.95 142.60 145.00 140.60 46.26 256.50 99.25 22 145.30
AvenuSupmart 1472.50 1471.10 1479.80 1489.50 1465.00 326.68 1696.15 1126.95 102 1470.10 Excel Ind [5] 1145.15 1147.00 1145.15 1191.05 1139.00 7.95 1906.95 881.00 9 1147.65 NDTV [4] 36.30 35.95 35.50 36.90 35.50 12.24 56.55 30.00 - 36.55
AVT Natl [1] 26.60 26.65 27.30 27.50 26.50 28.16 41.40 21.00 20 26.40 Excel Realty 1.40 1.45 1.40 1.45 1.35 74.30 22.55 1.23 - 1.35 NECaryCorp 8.30 8.30 8.50 9.40 7.60 165.07 22.00 6.51 - 8.29
AxisCades [5] 62.25 61.65 63.80 63.80 60.80 29.26 187.00 51.00 - 61.30 Exide [1] 220.90 218.70 221.95 223.50 217.70 3479.72 304.65 194.65 25 218.65 BC m Nect.Life [1] 16.95 17.25 17.10 17.80 16.50 198.28 30.95 15.50 11 17.10
AYM Syntex 35.15 35.85 35.45 35.90 34.65 23.41 76.60 28.55 28 35.85 BM A Nelcast [2] 70.30 71.40 71.20 73.30 70.65 80.10 105.65 61.20 15 71.40
B ................................................ F ................................................ A Nelco 271.45 274.15 276.00 277.90 270.90 60.62 372.05 155.95 33 273.25
FACT 37.20 36.60 36.70 37.40 36.50 33.17 58.80 30.00 13 36.55 H Nesco [2] 483.50 482.65 485.95 495.00 480.00 38.88 605.00 405.00 20 482.00
Bafna Phr 9.95 9.65 9.95 9.95 9.65 2.34 30.35 8.71 - 10.95 FairchemSpec 462.05 457.65 465.05 472.80 448.20 51.01 493.00 320.00 75 463.40 D Nestle 11073.10 10960.95 11027.15 11239.00 10901.00 149.50 11777.00 8167.75 6610994.25
BAG Films [2] 4.70 4.70 4.75 4.80 4.65 113.24 8.40 3.98 - 4.78 FDC [1] 165.55 166.15 166.95 167.95 164.90 30.64 269.40 148.20 17 167.50 P Netwk 18 [5] 34.70 35.50 34.70 35.75 34.70 295.30 63.00 31.00 - 35.65
Bajaj Elect [2] 566.55 558.10 568.00 569.75 552.90 212.95 706.35 379.00 30 558.85 Fed Bk [2] 93.65 96.45 94.05 98.15 93.9023330.03 105.00 67.05 19 96.40 P Neuland 615.30 676.80 624.80 676.80 624.80 102.46 827.80 431.45 50 674.35
Bajaj Hind [1] 8.00 7.90 8.00 8.05 7.85 1478.05 12.09 5.65 - 7.92 Fed.Goetze 562.05 561.95 566.50 569.95 557.10 15.51 590.55 391.00 36 560.00 w NewgenSwTech 321.20 328.65 320.90 340.50 318.05 147.11 349.00 205.25 25 328.95
Bajaj Hld 3593.65 3416.55 3570.00 3730.00 3352.10 114.77 3750.00 2203.65 44 3418.05 Fiem Ind 514.55 509.35 515.15 518.65 507.15 29.67 969.00 419.00 13 512.50 &P NHPC Ltd 24.60 24.70 24.60 24.90 24.60 7301.69 30.10 22.20 11 24.75
BajajConCare 312.80 308.90 314.80 314.80 308.00 203.62 510.00 307.80 - - Filatex [2] 46.80 52.95 46.85 54.95 46.80 1452.57 66.45 31.90 16 53.20 W NIIT [2] 89.70 90.40 90.45 91.60 89.90 660.98 125.00 60.80 42 90.35
Bal Phr 70.65 69.95 71.40 71.45 68.15 16.71 109.00 62.75 22 70.50 Fin.Cable [2] 482.85 475.45 488.90 488.90 473.65 66.69 740.00 356.00 21 477.35 H NIIT Tech 1333.95 1325.85 1335.70 1351.55 1319.00 800.61 1425.00 852.75 30 1325.05
Balaji Amn [2] 494.65 495.70 494.75 507.80 485.00 55.24 727.05 368.50 13 489.10 FineOrgInd [5] 1268.00 1239.40 1260.05 1275.00 1230.00 2.95 1323.00 735.20 28 1236.60 KC m Nila Infras [1] 8.20 8.05 8.20 8.30 8.00 338.65 17.88 5.80 - 8.07
Balaji Tele [2] 82.10 82.00 82.55 82.80 81.80 42.49 140.00 79.00 38 81.95 FineotexChe [2] 40.95 40.40 40.95 41.85 40.20 141.02 90.90 29.60 29 41.00 K C m NILA SPACES 2.40 2.50 2.40 2.50 2.35 190.18 5.05 2.25 - -
BalaxiVentre 36.20 38.00 38.00 38.00 38.00 0.19 38.00 14.75 - - Fino.Ind 498.15 489.25 495.10 504.45 480.60 51.19 712.90 440.00 15 501.40 KP Nilkamal 1420.20 1429.65 1430.00 1445.00 1400.00 10.86 2133.30 1229.65 18 1432.00
Balkrishna [2] 990.75 995.50 989.90 1024.00 986.00 1012.92 1467.40 741.10 24 994.55 Firstsource 47.80 46.95 47.70 48.35 46.70 1375.38 83.85 39.25 18 47.05 K Nippo Bat 712.20 697.90 724.95 724.95 693.30 0.83 876.60 604.10 11 710.00
BalkrishPap 36.85 36.90 36.25 37.70 36.20 7.22 90.00 32.90 - 37.40 Flexituff 43.15 43.00 41.75 44.75 41.75 2.90 72.80 27.40 - 42.00 m Nitco 38.95 39.00 39.45 40.00 38.70 135.50 107.40 29.75 - 38.80
Ballarpur [2] 2.95 2.95 3.00 3.00 2.90 941.54 15.65 2.87 - 2.93 Fortis Hlt 136.60 135.75 136.75 137.30 135.40 664.48 160.90 124.55 - 135.80 M Nitesh Es 6.05 5.95 5.95 6.25 5.75 117.70 13.10 4.85 - 5.95
BalmerLaw 186.15 185.10 187.40 187.70 184.45 65.98 232.95 160.00 11 185.65 Foseco 1369.65 1364.25 1368.95 1370.00 1351.40 0.65 1815.00 1267.10 27 1350.00 MC P Nitin fire [2] 1.30 1.35 1.30 1.35 1.30 58.39 6.13 1.09 - 1.34
Balrampur [1] 135.20 137.10 135.20 138.00 135.20 1694.56 144.00 58.80 13 136.60 Fut. Life [2] 485.00 489.65 483.00 499.00 480.00 66.46 499.90 358.50 71 485.75 M A Nitin Spn 89.25 91.70 88.00 94.50 86.50 88.65 107.40 68.00 8 90.50
Ban.Amn.Spg 182.25 182.55 180.20 183.00 180.20 0.15 256.70 157.10 20 - FutEntpDVR [2] 36.30 36.45 36.30 37.25 36.30 1.08 49.00 30.75 2 - NK Industries 39.95 41.95 41.15 42.30 39.20 9.07 68.50 30.50 - 40.00
Ban.Amn.Sug 1500.15 1511.70 1520.05 1522.05 1510.00 0.12 1946.00 1385.25 33 1535.00 Future Cons 44.90 44.85 44.70 45.40 44.70 824.74 63.00 35.00 - - C H NLC India 69.75 69.40 70.00 70.10 68.30 1405.66 91.50 60.70 6 69.55
Banar.Beads 51.50 47.75 51.00 51.35 47.00 6.31 74.00 37.05 40 48.25 FutureEntp [2] 38.00 38.45 38.15 38.90 37.60 301.15 51.00 30.45 - 38.75 PA NMDC Ltd [1] 101.15 104.45 102.40 105.85 102.30 7228.24 126.15 86.45 7 104.15
Banco Ind [2] 154.05 153.50 155.00 156.45 153.05 25.61 248.05 141.70 9 153.25 FutureRetail [2] 455.10 453.85 456.00 461.55 451.70 229.94 638.95 401.95 34 453.60 P Pw Nocil 146.70 146.45 148.40 149.55 145.10 445.44 232.50 115.75 12 147.15
BandhanBank 522.35 526.25 525.00 529.50 514.00 1014.30 741.00 369.15 37 524.95 FuturSuplyCh 581.05 587.20 584.95 590.50 570.00 3.64 750.00 559.75 31 590.15 Noida Toll 5.65 5.45 5.65 5.70 5.40 125.40 13.25 5.08 - 5.55
Bang Over 31.15 35.90 31.50 37.35 31.45 99.16 63.40 27.95 24 35.55 W Norben 5.10 5.30 5.00 5.30 5.00 0.40 11.15 5.00 - -
Bans.Syn 67.30 67.95 67.90 68.00 65.00 1.53 113.50 57.00 9 69.40 G ................................................ WH NRAgarwalInd 318.30 310.60 322.70 323.85 303.55 6.53 616.00 265.00 - -
Bartronics 6.35 6.50 6.40 6.95 6.40 49.71 17.45 4.16 - 6.50 K ND A NRB Bear [2] 191.60 190.10 192.50 193.00 188.80 52.83 223.60 140.10 17 189.60
BASF 1481.75 1480.55 1485.05 1499.90 1451.35 9.84 2204.90 1180.05 174 1473.75 Gabriel [1] 144.85 144.55 145.00 145.40 142.65 191.58 168.20 115.90 20 145.20 NRB Ind [2] 19.15 20.05 19.95 20.90 19.05 23.47 33.10 16.75 - 19.50
Bata India [5] 1413.40 1405.05 1410.00 1421.10 1401.30 796.23 1425.65 732.05 62 1408.50 GalaxSurfact 1064.60 1056.90 1065.00 1077.50 1050.10 10.64 1521.15 885.00 24 1068.70 Nu Tek [5] 0.30 0.30 0.25 0.30 0.25 60.00 0.98 0.25 - 0.28
Bayer Crop 4349.40 4402.95 4352.10 4450.00 4326.05 27.68 4781.90 3700.00 50 4384.40 Gallant Isp [1] 30.55 30.10 30.80 30.95 29.75 17.90 50.65 23.15 7 30.15 Nucleas Sw 338.95 339.90 334.00 349.00 333.95 14.85 510.00 316.10 13 338.90
Beardsell [2] 15.80 15.05 15.50 15.95 14.50 4.62 66.50 13.80 - 14.70 Gallant Mtl 48.85 48.95 49.90 50.00 48.85 10.08 66.00 38.05 5 49.75 M
Gamm.Infra [2] 0.60 0.60 0.60 0.65 0.55 1132.36 2.89 0.53 - 0.61
Bedmutha 17.25 17.95 18.40 18.40 17.50 12.46 32.05 14.40 - 17.40
Gandhi Tub [5] 353.15 347.45 353.15 356.00 345.55 10.13 424.85 340.00 13 347.00
D O................................................
BEL [1] 92.45 93.25 94.75 96.10 93.0024742.50 149.00 72.55 12 93.30 Oberoi 532.00 528.30 534.65 535.10 518.30 400.94 609.40 351.75 40 527.30
BEML 991.70 1012.55 1008.95 1030.00 1002.35 3562.94 1171.70 521.00 47 1013.35 Ganesh Hsg 58.75 60.65 59.00 61.85 58.85 54.94 146.85 50.50 18 60.65
Ganesha Ecos 292.40 326.05 302.00 330.90 299.90 176.98 409.50 232.60 15 324.50 OdishaCement 989.40 989.50 995.90 995.90 978.05 422.42 1219.70 860.00 - -
Berg.Paint [1] 324.35 323.75 325.00 327.05 322.60 695.25 349.00 252.60 68 323.65
GangesSecu 44.75 44.50 43.70 46.80 43.70 4.22 91.00 35.65 - -
K Oil Country 14.70 14.55 14.55 14.95 14.35 16.53 33.80 10.56 - 14.80
BF Inv [5] 266.45 265.50 268.40 273.00 264.00 37.69 376.95 168.00 25 265.55 K Oil India 184.75 185.45 184.00 187.80 181.80 3578.85 247.45 166.15 6 185.35
BF Util [5] 194.55 196.05 196.10 202.15 195.00 327.32 444.00 147.75 25 195.60 Gard.Silk 20.10 20.15 20.60 20.70 20.00 35.94 38.00 15.05 - 20.00
GardenReach 98.50 98.65 99.80 101.10 97.50 28.88 109.50 77.00 9 97.45 K C OlectrGrnTec 253.45 244.25 254.70 255.00 240.40 71.37 279.80 132.70 - -
BGR Engy 63.40 62.85 63.35 64.50 62.55 75.20 118.20 44.95 18 63.00 K C m OM Metal [1] 32.20 33.85 32.65 34.30 32.35 80.23 58.30 23.05 12 33.15
Bhageria Ind [5] 271.50 273.30 272.95 276.00 268.25 2.69 364.60 211.00 8 274.55 GarwarTecFib 1115.05 1131.15 1124.90 1143.95 1113.10 3.36 1358.60 887.20 21 1131.90
Gatewaty 128.55 134.00 128.55 136.95 126.25 495.90 227.80 96.50 24 132.55 K Pw Omax Auto 82.65 82.80 83.00 84.00 82.20 6.10 200.50 71.15 13 84.45
BhagngrInd [2] 30.60 30.70 30.75 31.60 30.60 7.67 58.70 25.25 7 31.95 K Omaxe 206.35 206.20 208.00 208.00 205.20 164.75 228.90 201.70 130 206.35
BhagyangrPr [2] 29.20 30.10 29.50 30.25 29.40 61.20 36.50 17.65 27 29.50 Gati [2] 88.20 87.05 88.20 89.70 86.20 780.76 136.70 64.15 30 87.15
Gayt. Proj [2] 161.45 161.50 163.00 163.00 153.35 197.78 220.00 145.60 16 159.55 K OMDC [1] 871.95 873.75 877.95 898.00 870.00 10.28 1905.20 625.20 - 876.55
BhandariHos [1] 2.00 2.00 2.00 2.05 1.95 92.81 3.47 1.65 - 1.95 K m H OnMobile 41.80 41.85 41.75 42.40 41.45 267.78 50.40 27.25 11 41.95
Bhans.Eng [1] 74.95 73.05 75.00 75.45 72.30 452.19 224.40 57.00 17 73.20 GaytriHigway[2] 0.85 0.80 0.80 0.90 0.80 76.80 10.90 0.68 - 0.84
GE Ship 284.35 284.90 284.00 286.30 284.00 21.92 390.50 240.05 - 282.95 K m Onward Te 58.40 66.60 58.90 69.80 58.90 120.93 99.25 45.60 14 68.55
Bharat Bij 1100.10 1094.65 1100.00 1115.95 1085.10 7.90 1790.00 953.00 14 1093.85 K OptimusInfra 92.45 92.00 94.05 95.15 91.35 23.98 325.90 78.05 32 94.00
Bharat For [2] 494.65 512.40 498.00 516.85 497.90 1489.63 783.90 452.00 26 511.60 GE T&DInd 273.60 276.10 279.90 280.50 274.50 26.58 414.40 218.80 - -
Geecee 122.15 121.65 125.65 125.65 121.55 1.60 182.00 100.00 6 120.15 K C m Opto Cir 8.10 8.30 8.10 8.45 8.00 460.43 16.35 7.30 8 8.32
Bharat Gea 166.25 170.30 166.25 172.80 165.10 27.18 220.00 142.10 9 171.40 K N Oracle Fin [5] 3362.90 3387.80 3372.00 3447.05 3365.00 32.86 4655.00 3327.00 25 3387.40
Bharat Ras 4261.45 4118.65 4325.00 4350.00 4025.00 4.44 8395.00 3352.10 16 4182.30 Genesys [5] 98.40 99.35 100.90 102.00 98.00 34.44 312.60 97.30 21 99.00
GenInsurCor [5] 238.70 241.65 239.00 244.75 239.00 100.12 384.55 206.35 18 242.60 K C Orbit Exp 105.10 105.00 108.65 108.65 104.00 7.92 163.00 85.10 11 102.50
Bharat Wire 57.00 57.05 57.35 57.80 56.80 17.85 135.90 53.25 - 57.15 K m Oricon Enter [2] 28.55 28.20 28.70 29.00 26.95 79.35 63.50 23.35 17 28.70
BharatDynamc 281.70 283.30 282.00 291.00 281.00 50.22 428.00 224.00 8 283.65 Genus P&B [1] 7.30 7.40 7.20 7.50 7.20 104.97 14.34 6.16 - 7.31
Genus Pwr [1] 28.95 28.80 29.10 29.55 28.50 469.45 61.65 23.00 11 28.95 K B Orient Bell 172.95 172.90 174.85 181.80 170.50 11.78 332.15 141.75 17 172.50
BharatFinInc 1137.35 1130.20 1134.50 1137.00 1113.15 793.46 1248.65 824.30 18 1131.80 K Orient Cem [1] 81.85 79.00 83.00 83.70 78.60 238.33 152.00 61.90 - 80.05
BharatRdNwk 92.10 91.85 94.40 94.45 91.00 152.70 202.00 77.00 29 94.85 GeojitFinSer 40.00 41.50 40.05 42.05 40.05 403.60 112.00 32.50 - -
GEPowerIndia 802.40 809.25 810.00 813.45 802.05 3.35 973.95 666.00 29 810.80 K Orient Htls [1] 44.95 46.05 45.50 46.50 43.00 89.03 59.25 33.65 - 46.35
Bharti Infr 253.45 272.05 253.45 274.90 253.45 45.74 475.00 198.25 21 272.90 K Orient Pap [1] 35.20 35.00 35.50 35.50 34.75 336.21 52.70 25.45 9 35.10
BHEL [2] 71.55 74.95 71.70 76.35 71.6535964.90 91.10 56.25 26 74.90 GHCL 242.05 246.15 243.00 250.75 242.60 109.64 301.00 189.50 7 247.05
GIC Hsg 272.45 269.65 268.00 275.00 268.00 145.95 436.00 212.70 8 270.20 K Orient Pres 139.15 138.05 143.40 143.40 133.90 2.06 445.95 124.65 - 149.95
BigBlocConst 33.10 32.05 32.95 34.70 31.50 2.97 192.40 25.70 19 34.40 KAYA Orient Ref [1] 242.05 238.60 245.50 245.50 235.05 10.59 280.10 152.50 31 237.30
Biocon [5] 606.95 610.55 611.50 619.00 606.10 1377.83 718.35 543.80 116 611.00 Gillander 47.80 47.80 47.00 48.30 46.25 5.93 76.00 46.05 - 49.00
Gillette 6606.85 6594.95 6626.85 6650.00 6535.00 134.65 7100.00 6200.00 95 6564.65 KCP Orient Tri 12.75 12.65 12.75 12.75 12.45 11.13 16.95 9.00 2 12.55
BirlaCable 153.95 153.65 153.35 156.75 153.00 34.12 230.00 60.95 9 153.65 KCP Orient.Bk 114.85 116.25 115.50 116.80 113.20 5418.24 116.35 58.10 - 115.70
BirlaCorp 524.50 524.40 525.00 525.70 518.75 72.36 818.75 440.00 26 525.05 Ginni Fil 13.35 13.10 13.80 13.80 13.00 55.35 34.70 11.05 - 13.31
GKW 794.30 781.15 773.20 800.00 773.15 0.11 1318.00 541.05 - - KDD OrientAbr [1] 27.00 26.90 27.85 27.85 26.50 22.83 45.00 21.60 18 26.80
BIRLASOFT 98.35 98.65 98.90 99.45 96.10 1394.55 314.50 92.60 - - K C OrientalCar 1138.85 1139.85 1138.85 1140.00 1129.95 8.99 1255.00 901.00 17 1139.50
Bk of Ind 105.85 104.25 106.40 106.90 103.3011198.65 118.50 73.30 - 104.30 Glaxo Cons 7224.85 7246.80 7223.00 7290.05 7120.00 24.85 7934.85 5725.00 34 7212.60
Glaxo Phr 1296.55 1297.45 1298.05 1301.35 1286.00 15.79 1812.00 1042.50 54 1299.85 K OrientElect 149.85 152.45 152.00 154.00 147.45 148.49 177.00 103.25 - -
Bk of Mah 13.60 13.75 13.70 13.90 13.55 735.89 16.93 10.73 - 13.69 K Ortin Lab 13.55 14.20 13.05 14.40 13.05 16.14 23.50 12.00 - 14.06
Bk ofBar [2] 130.10 128.65 130.95 133.10 127.6532698.78 157.45 90.70 - 128.80 Glb.Offsh 11.55 11.20 11.50 11.90 11.05 21.32 31.45 9.21 - 11.28
Glb.Vect 69.95 69.10 69.10 70.75 68.25 6.40 132.50 47.00 - 69.25 K Oswal Chem 15.20 15.70 15.10 15.80 15.10 17.85 30.65 12.85 - -
BKMInd [1] 5.40 5.40 5.20 5.65 5.20 74.49 32.80 3.46 - 5.32 K m OswalAgroMil 8.30 8.10 8.15 8.50 8.00 10.77 13.50 5.87 7 8.18
BL Kash [1] 19.80 20.05 20.20 20.45 19.65 178.05 51.80 17.55 9 20.05 Glenmark [1] 650.30 647.20 650.45 666.80 644.20 1051.33 711.55 483.60 14 645.55
Glob.Spr 138.05 138.40 139.20 143.50 136.65 91.52 215.00 107.75 23 138.45 K w C
BLB [1] 5.05 5.25 5.00 5.40 5.00 13.37 9.74 4.30 - 5.30 K m P ................................................
Bliss GVS [1] 177.45 179.50 177.00 180.75 176.00 1056.18 224.70 125.00 20 179.95 GM Brew 654.60 656.45 662.00 667.10 651.00 47.99 966.00 480.00 14 656.65
GMDC [2] 81.30 81.30 81.25 82.10 81.05 146.09 147.00 69.00 7 81.50 K P&S Bk 31.35 31.25 31.50 31.85 31.10 111.00 40.25 24.00 - 31.15
BLSIntlServ [1] 115.85 114.95 115.40 115.95 113.70 44.35 201.50 90.95 84 114.40 K
Blue Blends 3.60 3.55 3.60 3.75 3.55 5.08 23.90 2.94 - 3.85 GMMPfauder [2] 1184.00 1209.55 1200.00 1230.00 1198.00 5.55 1325.00 693.05 46 1200.00 PAE 2.45 2.35 2.35 2.35 2.35 0.15 5.50 2.05 - -
GMR Inf [1] 20.00 19.80 20.15 20.40 19.6047989.39 21.50 13.45 - 19.80 K PAGE INDUSTRIES 24247.95 24972.25 24605.05 25059.45 24511.05 67.07 36335.95 20310.05 67 24897.35
Blue Dart 3593.65 3593.85 3607.00 3650.00 3550.00 6.41 4099.00 2620.00 78 3582.60 K &
BlueStar [2] 668.65 677.90 668.65 682.00 668.65 45.45 842.50 507.30 52 678.20 GNA Axles 329.55 327.85 331.65 332.70 327.00 18.39 577.50 256.75 11 328.80 PaisaloDigit 297.40 299.25 300.15 300.15 299.25 0.27 359.90 237.20 22 299.00
GNFC 313.15 305.95 314.20 316.75 304.10 310.70 506.75 237.95 5 306.90 K OC PalashSecu 41.20 42.85 42.85 43.20 42.85 2.48 64.00 34.55 - 40.10
Bodal Chem [2] 126.00 126.75 126.80 127.15 124.05 181.94 156.25 89.70 10 126.75 K
Bomay Bur [2] 1283.55 1299.30 1295.00 1307.85 1275.15 73.71 2113.85 1153.30 - 1302.40 Goa Carb 468.10 457.50 471.65 478.60 455.00 99.54 1078.60 399.80 32 457.10 PalredTech 31.65 31.80 31.45 32.45 31.30 6.70 87.00 23.35 - 31.20
GOCL Corp [2] 303.15 311.60 306.00 324.00 302.90 5.16 563.00 221.05 99 303.55 K B Pan.Petro [2] 124.15 129.30 123.95 131.75 123.95 14.59 230.85 88.80 18 129.95
Bombay Dye [2] 138.20 134.95 138.45 139.35 134.05 1421.88 321.60 82.35 17 135.05 K
BorsilGlsWrk [1] 212.65 209.80 211.75 214.80 208.35 39.54 397.90 190.40 38 211.45 God.Pow.Isp 232.65 231.50 232.80 241.80 229.10 139.83 591.00 192.00 3 231.40 Panac.Bio [1] 205.80 198.05 207.25 207.70 195.00 134.02 353.60 138.20 - 198.20
Godfrey [2] 1136.45 1159.10 1148.80 1177.45 1126.75 431.44 1176.50 640.45 24 1159.55 K Paper Pro [2] 196.40 195.25 196.50 198.05 193.00 18.34 363.85 155.00 42 196.75
Bosch 17886.15 18184.85 17997.60 18277.10 17629.75 46.94 22400.00 17169.70 3218165.55 K O
BPL 26.15 26.50 26.05 27.05 26.00 128.10 89.45 23.00 - 26.80 Godrej Cons [1] 693.50 686.00 701.85 701.85 680.50 1013.74 979.34 628.15 61 687.15 ParagMilk 257.15 260.75 254.15 264.00 254.15 115.34 414.95 197.00 20 261.50
Godrej Ind [1] 536.50 536.40 540.00 540.95 527.80 435.83 656.90 434.10 174 536.05 K Param.Comn [2] 11.10 11.20 11.05 11.30 11.05 105.29 17.55 8.76 7 11.21
Brigade 242.75 250.60 243.45 255.00 243.45 164.79 308.60 157.10 16 249.65 KM
Brooks Lab 53.55 53.60 55.00 55.00 53.50 10.39 122.75 38.10 - 53.25 Godrej Pr [5] 867.90 813.15 869.05 876.40 805.00 411.12 917.00 462.00 - 814.35 Parsvnath [5] 6.45 6.20 6.40 6.70 6.10 132.57 17.30 4.33 - 6.12
GodrejAgrovt 509.20 508.30 512.90 512.90 505.00 50.64 736.80 461.65 46 509.20 KNR C Patel Eng [1] 25.15 25.40 25.05 26.10 25.05 167.45 69.35 22.95 2 25.45
BSE 610.60 611.15 611.70 614.95 600.00 212.39 881.00 534.65 - - K
BSEL Infra 1.80 1.90 1.80 1.95 1.80 49.17 4.65 1.38 - 1.91 Gokaldas [5] 93.70 93.75 94.90 94.90 91.70 88.43 108.70 65.55 20 93.30 Patel Int 45.90 46.95 47.20 47.50 46.50 10.43 79.70 33.90 9 46.15
Goldiam Int 75.70 73.75 75.75 76.10 73.10 19.36 94.80 50.60 9 73.40 K Patspin Ind 10.25 10.35 10.25 10.50 10.15 8.14 21.00 8.45 - -
BSL 42.65 42.90 42.75 43.45 42.10 8.84 76.00 34.30 32 43.65 K P
BtrflyGandhi 192.80 194.95 195.05 199.00 192.50 33.08 594.00 171.10 39 194.80 Golds.Tech 12.50 12.20 12.05 12.80 12.00 17.11 29.95 10.00 6 12.85 PC Jewl 82.50 82.20 83.40 84.80 81.60 7379.62 328.75 46.90 7 82.50
GoodLuck St [2] 64.55 64.60 65.00 66.80 64.40 61.91 95.00 58.20 6 65.05 K PDS Multinat 266.20 267.00 267.00 267.00 267.00 0.20 324.00 230.00 139 267.00
GP Petrol [5] 64.70 64.20 65.85 65.85 64.00 6.58 96.80 47.00 22 64.60 K P Pearl Glo 181.80 178.70 182.05 184.00 175.00 8.19 192.95 105.05 28 179.10
C ................................................ GPTInfraProj 50.00 49.90 49.95 50.00 49.00 47.27 202.00 39.75 10 53.30 K P Pearl Poly 13.05 13.00 13.30 13.85 12.00 7.92 26.25 10.18 - 13.38
Cadila HC [1] 335.95 347.05 337.65 349.20 336.25 1608.32 432.40 306.35 22 346.60 Granuels [1] 116.65 114.45 116.70 117.20 113.90 907.93 123.35 71.75 19 114.30 K Peninsula [2] 8.20 8.30 8.30 8.45 8.20 154.87 26.50 7.38 - 8.32
Calif.SW 23.65 22.50 24.50 24.80 22.50 72.98 62.70 14.60 - 22.45 Graphite [2] 444.25 446.90 446.85 468.90 445.00 1828.08 1126.40 395.00 3 446.85 KPR M Pennar Eng 56.25 56.75 56.55 58.50 56.20 12.53 86.30 48.00 16 57.50
Cambridge 44.55 44.15 44.00 44.45 42.05 12.52 68.90 37.60 22 44.85 Gravita [2] 82.00 81.15 81.70 82.80 80.35 183.50 205.00 57.90 52 81.65 KRB Pennar Ind [5] 37.00 36.60 37.35 37.50 36.35 89.69 62.65 29.80 9 36.60
Camlin Fine [1] 49.80 49.75 50.25 50.90 49.50 109.85 117.70 36.70 - 49.85 GreenlamInd [5] 908.35 947.95 915.15 975.00 890.95 5.45 1338.70 630.20 38 948.95 K B Persistnt 636.80 629.55 641.25 651.25 629.00 178.31 915.00 532.80 15 633.15
Canara Bk 296.45 291.30 296.20 297.60 288.50 7435.34 302.10 205.15 - 291.95 GreenPly [1] 151.65 156.20 153.95 158.00 151.35 99.46 326.90 110.00 18 155.35 K Petronet 244.45 251.55 246.70 253.00 244.80 4411.05 252.40 202.00 17 250.50
CanFinHom [2] 345.90 348.85 347.00 356.80 345.95 1958.14 466.05 217.00 15 348.55 Grindwel [5] 584.85 595.90 593.40 604.60 580.70 25.47 613.90 471.80 40 593.45 K B PFC 117.50 123.10 118.65 124.30 117.3519554.55 124.20 67.60 6 123.00
Cantabil 291.40 287.80 294.95 305.45 285.00 42.83 349.80 107.00 22 290.95 GRP Ltd 1131.35 1110.00 1120.05 1160.00 1091.05 0.06 1360.00 855.00 22 1107.00 K K Pfizer 3290.25 3326.00 3300.00 3348.00 3265.00 33.84 3840.00 2080.00 36 3320.60
CapaciteInfr 224.75 226.80 225.90 231.70 223.60 60.59 372.75 171.10 17 227.35 Gruh Fin [2] 273.00 275.80 274.80 278.95 267.00 1112.71 381.95 204.60 45 276.00 Kw PG Elec 81.95 81.45 82.75 84.00 81.00 178.77 340.00 70.00 24 81.10
Caplin Point [2] 400.75 401.70 404.85 408.95 400.00 15.25 622.55 304.75 24 402.35 Grvs.Cot [2] 141.30 139.20 140.00 141.50 138.00 154.46 165.00 111.10 19 139.65 PGHH 10843.95 10833.55 10829.00 10999.00 10555.15 5.50 11190.00 8714.00 8910745.90
CapriGlo [2] 174.30 174.45 173.55 182.00 169.70 910.32 181.90 72.60 27 174.15 GSFC [2] 102.20 104.25 102.90 104.85 102.40 774.22 137.50 85.60 8 104.25 L Phil.Carbon [2] 177.55 176.45 178.90 181.75 173.85 781.42 287.00 135.55 8 176.65
CARE 992.90 989.60 999.70 1002.45 984.00 61.47 1399.00 922.95 21 988.40 GSPL 185.15 190.70 187.70 193.30 182.60 634.45 206.40 149.15 14 189.25 & Phoenx.Mil [2] 651.60 657.85 648.00 668.00 639.80 93.78 725.00 491.50 60 662.70
CarrerPnt 69.15 69.70 69.80 71.40 69.60 8.12 130.30 63.50 12 69.65 GSS Info 116.40 116.20 118.80 118.80 115.50 74.59 141.90 51.30 18 116.05 & H PI Ind [1] 1025.55 1031.95 1029.00 1038.90 1015.50 97.22 1038.00 691.80 37 1031.30
Castex Tech [2] 0.85 0.85 0.90 0.90 0.85 592.70 4.74 0.75 - 0.85 GTL Infra 0.90 0.95 0.95 0.95 0.90 2435.76 3.26 0.70 - 0.94 & PidiliteInd [1] 1225.95 1246.25 1234.00 1250.00 1226.50 655.26 1248.85 898.00 65 1242.35
CastrolIndia [5] 164.75 166.40 165.05 167.50 164.50 765.72 214.00 134.85 23 166.50 GTN Ind 9.55 9.65 9.80 9.80 9.35 2.03 24.45 7.59 - 9.30 O Pilani Inv 2126.55 2154.20 2145.00 2171.00 2125.00 3.26 2790.00 1805.00 53 2167.50
CCL Prd [2] 288.00 285.00 289.10 291.00 284.15 20.94 320.00 225.05 38 284.50 GTPLHathway 68.90 69.25 68.65 71.00 68.35 16.50 165.00 60.35 19 68.60 V B Pion.Dist 144.50 142.15 144.85 144.95 140.05 5.11 410.00 111.75 - 145.95
Ceat 1090.30 1119.90 1090.30 1129.00 1087.95 625.55 1666.00 983.80 14 1124.25 Gufic Bio [1] 78.85 76.10 80.80 80.80 75.55 41.09 164.35 65.40 32 76.05 m PiramalEntp [2] 2693.65 2763.25 2725.00 2772.65 2715.00 647.40 3302.55 1796.75 73 2754.70
Celebrity 8.40 8.50 8.35 9.00 8.20 50.12 19.15 7.63 6 8.75 Guj.Alk 493.55 493.30 498.00 502.95 490.00 55.77 792.65 418.00 5 493.70 m PittiEngg [5] 51.40 54.65 51.70 61.40 51.70 69.08 110.00 47.85 8 54.80
Celes.Bio 6.00 5.70 5.80 5.95 5.70 37.74 21.50 4.33 4 5.75 Guj.Flu [1] 1079.60 1104.75 1093.35 1107.00 1076.00 116.84 1111.00 722.40 15 1104.70 Plastiblen [5] 199.95 198.00 199.95 203.00 197.45 3.36 265.00 160.65 14 199.80
Cent Enka 247.35 252.25 248.15 253.90 247.55 18.41 385.45 211.85 6 252.30 Guj.Ind.Pow 68.95 71.10 69.05 72.00 68.95 121.40 108.95 68.00 4 71.20 PNB Gilts 31.90 31.75 31.90 32.40 31.30 136.76 40.40 24.00 8 31.35
Cent.Bk 34.95 35.65 35.70 36.80 35.25 3169.31 84.45 27.00 - 36.50 Guj.Pipav 100.30 99.50 100.80 100.90 98.25 229.47 155.70 75.90 24 99.65 m H PNB Housing 828.50 864.75 835.00 868.90 832.00 1123.29 1444.00 694.00 16 865.70
Cent.Elec 440.00 440.25 442.85 443.40 434.15 2.13 617.00 326.45 - - Guj.Sid.Cem 21.45 23.55 21.40 24.40 21.40 92.93 37.50 19.10 - 23.20 GB PNC Infratec [2] 147.60 153.20 148.00 154.90 147.95 251.21 199.90 122.70 13 152.45
Cent.Ext [1] 6.00 5.90 6.10 6.10 5.80 146.84 9.60 4.95 - 5.86 Gujarat Gas [2] 144.55 148.10 144.55 152.80 144.50 2071.60 182.73 116.00 27 148.25 PodarHseDVPT 461.65 464.20 460.00 480.00 440.45 2.19 1148.45 433.00 - 452.90
Cent.Ply [1] 201.55 208.30 202.00 212.00 198.40 248.33 364.10 150.10 29 207.80 Gul.Amb.Ex [2] 217.65 219.70 217.65 220.75 217.15 27.54 309.85 172.00 10 219.20 CH PoddarPigmen 178.65 174.85 179.40 179.90 173.35 4.98 301.00 143.00 12 174.05
Cent.Txt 905.20 933.10 910.10 937.00 907.00 692.63 1274.00 707.00 18 932.55 Gul.Apl 147.55 147.20 146.05 147.90 142.55 1.58 243.00 139.00 28 146.40 P &P Pokarna Ltd [2] 171.30 171.00 170.15 174.45 170.15 9.40 201.60 124.30 62 170.95
CentDepoSer 241.95 242.55 243.00 247.80 240.35 346.19 312.75 204.50 - - Gulf Oil Lub [2] 838.10 841.85 835.00 862.00 834.25 12.39 955.00 618.00 24 828.80 P Poly.Medi [5] 216.30 219.50 217.00 221.55 215.55 1.36 298.10 176.25 28 217.05
CentrumCap [1] 32.40 31.85 32.90 32.90 31.10 275.87 68.00 27.00 - 32.30 GulshanPoly [1] 53.10 55.15 53.55 55.40 53.00 25.49 74.20 48.10 11 54.80 Polyplex 513.10 519.15 515.50 524.90 508.00 28.21 667.75 408.05 8 516.60
Cera San [5] 2754.50 3085.40 2754.50 3195.00 2729.00 40.68 3504.05 2151.00 37 3026.75 GVK Pow [1] 7.80 7.65 7.80 7.80 7.60 1421.40 17.50 5.05 - 7.73 Ponnie Sug 135.05 133.90 134.15 134.15 133.90 0.29 189.40 102.30 25 -
Cereb.Int 25.50 25.50 25.60 26.00 24.80 144.53 73.00 22.55 14 25.40 Gyscoal [1] 4.75 4.85 4.85 4.95 4.55 586.45 10.80 4.52 - 4.96 MW Power Mech 925.20 931.70 922.05 946.35 922.05 3.15 1084.00 775.35 15 920.10
CESC 719.70 730.65 724.00 741.60 708.00 485.11 851.07 624.71 10 727.55 M PrabhatDairy 78.95 76.60 77.10 79.90 75.05 182.58 190.00 47.15 31 76.60
CESCVentures 602.90 621.95 605.00 624.80 602.95 128.68 648.90 382.10 - - H................................................ Praj Ind [2] 154.60 155.10 155.95 158.15 154.20 1426.01 168.00 72.50 53 155.20
CGPowr&InS [2] 43.40 42.70 43.80 44.35 42.45 6975.14 84.70 21.40 17 42.75 Prajay 8.75 8.95 8.75 9.10 8.70 87.26 15.05 7.11 - 8.55
ChaletHotels 338.80 337.55 333.00 345.00 333.00 21.14 355.00 250.00 - - Harita Seat 449.05 448.65 447.10 452.95 438.55 3.24 1040.00 377.00 15 442.50
Harri.Mal 71.05 70.75 71.85 72.25 70.40 18.16 124.90 62.05 - 70.65 O Praksh.Cons [1] 3.90 3.50 3.80 4.00 3.15 3575.39 8.59 3.00 - 3.48
Chamb.Frt 169.30 167.05 170.50 170.50 165.65 164.25 209.45 128.25 14 166.50 m Praksh.Ind 89.30 89.55 89.45 90.70 88.60 692.35 232.40 67.00 2 90.05
ChemfabAlkal 142.05 142.00 142.25 142.80 142.00 2.19 275.15 129.00 6 - Hathway [2] 29.35 28.95 29.50 29.50 28.50 222.85 42.70 15.15 - 28.95
Hatsun Agro [1] 714.45 710.95 714.90 715.00 708.05 7.26 826.59 568.15 118 704.65 m Praksh.Stl [1] 0.30 0.30 0.30 0.35 0.30 18.00 1.05 0.05 - -
CholaFin 1450.15 1452.40 1442.05 1475.00 1442.05 338.79 1760.75 1038.75 19 1447.50 PratapSnack [5] 900.10 916.65 903.65 925.00 890.00 2.31 1450.00 800.10 47 929.80
HavellsIndia [1] 760.55 772.50 765.00 780.00 764.55 1446.73 780.35 484.45 59 770.95

CM . .. . . . . ...CH-CHE
YK
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PraxisHomeR[5] 182.55 183.65 183.95 184.90 177.00 7.00 300.90 143.05 ­  184.75 SetcoAuto   [2] 32.90 33.00 33.05 33.20 32.65 400.34 63.10 28.75 11 32.95 Tata  Metlk 630.50 649.60 652.00 668.80 645.10 265.22 884.00 545.00 10 648.95 Vishnu  Chemi 139.25 142.55 142.75 145.00 141.00 10.37 318.70 118.10 12 143.40
PrecisionCam 58.65 59.05 58.00 59.65 58.00 10.50 112.10 48.65 18 58.70 Shah  Alloy 15.50 15.70 15.70 16.10 15.05 1.11 48.20 11.20 2 16.18 Tata  Spng 750.60 760.40 756.00 782.00 752.00 232.48 1248.00 660.00 8 761.50 Vivi  Lab   [2] 22.90 23.25 23.05 23.90 22.95 261.29 82.45 19.90 ­  23.40
Precot 42.70 44.00 44.80 44.80 43.95 0.34 71.95 38.10 ­  ­  Shakt.Pump 383.20 395.45 384.55 409.00 384.55 138.63 790.00 291.00 27 396.35 TataPowerC   [1] 71.55 73.80 72.40 74.55 72.00 9504.15 89.50 59.90 18 73.80 VLS  Fin 58.20 58.55 57.95 59.90 57.90 18.31 88.20 42.80 12 58.10
Precsn.Pipe 287.15 289.25 289.00 296.40 287.00 10.24 620.00 240.40 10 286.70 Shal.Paints   [2] 77.95 81.55 79.40 82.45 78.10 453.98 123.32 54.91 ­  81.25 Tatapur 4.20 4.40 4.40 4.40 4.40 1.60 5.95 3.76 ­  4.21 Voltamp 1125.05 1147.75 1127.05 1152.95 1127.00 2.87 1280.00 735.00 16 1144.35
Precsn.Wre   [5] 192.05 198.80 193.40 199.00 193.40 6.70 330.00 174.75 12 200.35 SHALBY 129.40 129.30 130.70 130.70 129.00 15.33 232.80 123.00 30 129.25 TCI  Devl 355.00 353.35 346.35 354.80 346.35 0.11 610.00 323.30 10 ­  Voltas   [1] 626.30 629.45 629.80 633.70 625.80 839.47 664.60 471.00 40 630.45
Premier Polyfilm 22.65 23.15 24.00 24.00 22.75 1.70 322.65 117.50 3 158.95 ShankarBldg 408.05 410.15 414.00 418.00 406.75 63.16 2095.30 315.65 37 408.65 TCI  Express   [2] 738.00 746.45 747.00 757.95 727.00 33.67 766.20 459.00 42 734.25 VRL  Logistic 276.85 283.20 276.05 286.00 270.50 55.30 459.90 238.00 31 282.25
PremierExplo 245.70 248.20 250.60 255.00 247.05 9.92 379.25 160.00 24 245.00 Shanthi  Grs   [1] 128.85 129.20 128.80 131.00 127.50 6.30 149.35 106.20 29 131.60 TCI  Fin 15.05 15.20 15.00 15.50 14.60 10.29 37.05 11.30 8 15.00 VST  Ind 3441.65 3455.00 3445.95 3470.00 3400.00 0.97 3580.00 2470.00 24 3476.10
Pressman   [2] 28.70 29.25 28.05 30.00 28.00 8.57 54.00 23.10 10 29.85 Sharda  Motor 1509.80 1500.70 1526.20 1534.35 1500.00 1.58 2343.95 1155.00 10 1493.00 TCNSClothing 820.75 820.50 806.15 837.40 806.15 48.47 870.00 544.00 ­  ­  VST  Til 1313.35 1314.20 1310.00 1330.00 1305.00 5.80 3085.00 1301.30 17 1317.20
Prestige  Est 250.70 252.80 252.60 255.50 246.80 200.86 317.00 163.75 45 251.55 ShardaCropch 365.10 369.95 366.20 370.00 360.10 13.99 464.40 259.95 20 372.35 TCPLPackage 360.50 367.55 363.95 375.95 363.10 7.11 634.95 346.60 ­  ­ 
PRICOL   [1]
Prime  Foc   [1]
36.05
66.05
36.15
66.05
36.40
66.15
37.30
66.20
36.00 119.87 102.80
63.65 13.45 99.85
34.30
43.40
12 35.95
­  66.35
SheelaFoam   [5] 1249.00 1259.50 1234.00 1270.00 1231.50 390.70 1817.95 1201.75
Shemaroo  Ent 408.85 406.90 409.05 410.00 400.00 4.94 560.00 325.00
50 1258.30
13 400.00
TD  Power
TeamleaseSvc
119.80
3021.45
120.00
3026.05
120.55
2986.10
121.00
3044.70
119.50
2946.10
10.37
23.22
226.00
3338.85
95.00
2150.00
­  ­ 
58 3002.05
W ................................................
Prime.Sec   [5] 41.50 41.65 41.40 41.95 41.25 5.41 52.80 30.55 19 40.90 Shilpa  Med   [1] 344.80 341.05 344.85 349.90 339.50 70.73 546.95 335.00 21 340.20 Technocr 550.15 555.25 552.10 557.00 543.05 3.84 650.45 480.00 11 562.70 Wabco  Ind   [5] 6336.70 6662.05 6767.00 7100.00 6511.10 103.06 8319.90 5798.40 41 6664.85
PrismJohnson 94.50 95.65 94.50 96.85 92.50 373.14 126.50 62.45 30 95.85 ShirpurGold 23.95 23.05 23.90 24.10 22.80 169.84 150.65 22.35 21 22.80 TechnoEle&En 255.85 274.50 257.85 299.95 250.00 194.53 304.00 215.60 ­  ­  Walch.Ind   [2] 89.00 89.25 89.55 91.25 88.90 207.26 190.05 75.65 54 89.10
Prit.Nandi 18.20 18.95 19.50 19.80 17.30 0.62 22.50 11.60 ­  17.65 Shiv.Global 5.80 6.00 6.30 6.30 5.60 7.32 18.30 5.50 1 6.04 Tecnnofab 85.95 84.35 86.20 87.95 80.35 6.85 233.00 80.65 7 86.15 Webel  SL 26.20 25.35 26.05 26.30 25.25 116.93 94.15 21.15 ­  25.40
ProzoneIntu   [2] 29.95 29.65 30.15 30.60 29.50 105.88 55.10 25.55 ­  29.60 Shivam Auto  [2] 35.45 36.25 35.55 37.65 35.50 155.25 85.05 25.05 ­  36.10 TejasNetwork 168.90 169.85 168.90 174.00 168.50 145.33 380.90 115.00 ­  ­  Weiz.Fx 526.60 522.85 529.30 529.30 519.00 2.57 1158.90 448.00 24 519.65
PSPProjects 458.00 456.65 464.90 464.90 454.00 56.73 596.00 358.70 20 459.95 ShivaMills 49.50 49.60 51.90 52.40 48.60 0.83 73.80 38.00 6 51.00 TeraSoftware 39.20 39.95 38.25 40.10 37.90 5.64 60.60 22.65 21 38.95 Weizman 39.60 40.25 40.10 41.15 40.00 1.28 81.65 31.00 8 40.00
PTC 73.50 73.45 73.70 74.25 73.30 815.45 100.15 64.60 8 73.55 ShivaTaxyarn 162.95 166.75 170.00 173.00 164.10 0.25 544.00 125.00 33 171.95 Tex.Infra   [1] 56.50 56.70 56.25 57.00 55.50 23.86 77.35 46.20 ­  56.50 Wels.Corp   [5] 131.70 136.20 132.90 137.00 132.90 801.66 186.90 89.30 ­  135.65
PTC  Ind  Fin 16.15 15.90 16.25 16.50 15.85 1150.91 26.60 13.00 ­  15.91 Shop.Stop   [5] 464.85 471.65 468.00 474.95 461.50 19.17 690.00 450.20 47 471.30 Tex.Pipe 20.15 20.00 20.20 20.40 19.80 60.05 40.70 14.20 ­  20.25 Wels.India   [1] 59.50 59.65 59.10 60.70 59.10 303.45 78.20 46.25 21 59.65
PTL  Ent   [2] 39.20 40.25 39.25 41.10 39.00 11.57 58.00 36.00 6 41.65 Shr.CU.Fin 1796.35 1850.20 1816.00 1864.45 1790.30 5.72 2454.05 1480.05 16 1859.65 Tex.Rail   [1] 69.10 69.00 69.00 70.05 68.40 148.71 90.00 50.20 25 69.00 Wels.Inv 138.00 138.00 139.00 139.00 138.00 0.21 214.60 130.00 96 142.05
PudumjeePap[1] 18.10 17.80 17.60 19.25 17.00 59.90 34.80 16.55 9 17.85 Shr.EPC 8.15 8.15 8.00 8.30 8.00 35.74 29.05 6.67 ­  8.20 TGB  Banq 11.55 11.40 11.75 11.90 11.30 873.74 43.45 10.95 ­  11.52 Welspun  Ent. 104.65 106.45 104.65 107.35 104.00 435.35 202.85 88.20 13 106.20
Pun.Natl.Bk   [2] 95.35 95.50 95.80 97.55 95.0039934.18 106.80 58.65 ­  95.40 Shr.Ram.Mul  [5] 5.55 5.45 6.15 6.15 5.35 6.81 15.80 4.65 ­  5.97 Thanga.Jwl 330.65 333.35 340.00 340.00 326.50 1.80 585.00 272.95 16 ­  Wendt 2980.05 2962.25 2980.05 3010.00 2950.00 0.13 4013.85 2389.95 32 3059.95
Punj.Chem 686.45 685.40 697.95 697.95 681.65 2.42 755.00 395.00 31 691.65 Shr.Ren.Sug   [1] 10.20 10.15 10.25 10.30 10.10 642.72 18.60 9.69 ­  10.22 The  Byke  Hos 28.45 27.90 28.90 28.90 27.30 119.17 205.00 25.20 5 28.05 West  C  Pap   [2] 265.65 267.15 267.40 271.00 263.00 87.83 414.55 224.00 6 268.65
Puravankra   [5] 74.15 73.75 74.50 75.10 73.30 231.60 170.00 53.20 21 73.80 Shr.Tr.Fin 1278.25 1277.40 1286.20 1289.40 1253.00 1216.52 1670.60 903.50 16 1273.40 TheAnupEngg 532.70 558.50 533.50 572.65 526.00 60.09 651.00 450.00 ­  ­  Wheels  Ind 870.40 921.25 870.40 932.10 870.40 4.56 1345.00 742.25 29 905.00
PVR 1642.85 1646.70 1642.85 1674.00 1631.30 665.87 1707.00 1064.55 50 1644.15 Shre  PushChe 160.70 164.15 160.30 164.95 160.00 18.29 246.05 115.95 14 164.55 TheGrobTeaCo 398.90 400.10 415.00 417.00 395.70 0.33 1507.70 383.50 ­  ­  Whirlpool 1500.80 1515.10 1500.80 1524.95 1500.05 23.46 1858.85 1263.40 49 1522.15
ShreeCements 18268.85 18667.65 18160.50 18949.00 17930.00 40.67 19260.00 13125.00 5518634.65 TheInvstTrst 169.25 165.15 169.25 171.75 162.35 3.64 280.00 129.10 ­  ­  Wil.Magor 50.55 49.80 50.55 50.95 48.15 3.24 97.85 43.00 ­  50.25
Q................................................. Shreyans 151.00 149.40 154.35 154.35 149.10 12.92 202.35 115.25 5 150.15 TheMandRetVe 29.75 29.45 29.15 30.40 28.65 177.46 132.25 23.30 ­  29.75 Win.Diamond[2] 67.45 67.60 67.95 71.35 66.35 257.88 159.90 53.70 34 70.20
Quess  Corp 746.55 746.75 748.05 760.00 740.35 38.30 1300.00 581.10 52 748.45 Shreyas 203.05 201.25 205.00 218.00 200.00 7.48 593.50 154.10 10 203.00 Themis 286.65 295.15 286.65 298.00 277.60 0.46 603.95 253.00 82 296.45 Wockhardt   [5] 432.70 443.00 435.80 449.90 433.05 2592.67 852.55 375.00 40 443.00
QuickHealTec 228.80 225.35 228.30 229.90 223.60 67.04 354.15 171.50 14 225.65 ShyamCent   [1] 6.45 6.55 6.50 6.65 6.45 49.20 14.66 4.21 ­  6.29 TheNewIndA  [5] 191.70 189.75 191.95 197.25 188.60 178.13 382.13 165.00 26 190.75 WonderlaHoli 301.95 310.10 304.95 311.00 301.05 15.93 384.00 259.75 34 311.35
Sicagen 24.20 24.05 24.10 24.95 23.50 23.96 44.65 18.00 19 24.10 Thermax   [2] 986.50 971.50 995.40 995.40 969.00 96.16 1204.90 878.05 42 972.25
R ................................................. Sical  Log
Siemens   [2]
139.40 136.85 140.20 141.45 136.20 35.75 223.50 114.40
1088.05 1128.80 1104.00 1137.00 1102.10 1907.39 1154.45 841.00
32 137.70
43 1127.95
Thiru.Chem   [1]
Thom.Cook   [1]
88.10
246.10
88.30
256.80
88.95
248.00
89.45
261.00
87.20
244.65
184.56
907.26
241.60
302.90
67.00
193.10
8 88.85
­  252.70
X-Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
R  Sys  Intl   [1] 50.20 49.85 50.35 51.25 48.45 21.56 56.40 24.20 20 50.70 Xchang 43.15 44.30 42.50 44.85 42.20 34.00 65.00 33.60 38 44.30
SignetIndus 37.95 37.95 38.35 38.35 37.45 2.88 75.90 31.50 ­  ­  ThyrocareTec 523.75 533.90 525.15 535.95 524.25 14.89 725.00 482.00 28 530.50
Radha  Madh 17.80 18.00 17.80 18.25 17.35 521.04 40.30 16.55 5 18.20 XelpmocD&T 67.00 66.55 66.00 67.70 65.10 4.92 101.70 55.15 ­  ­ 
SIL  Inv 172.95 172.05 173.05 178.85 170.05 3.14 443.85 150.20 4 173.55 Tidewater   [5] 5124.25 5123.35 5175.45 5213.95 5101.10 1.52 6823.70 4750.00 18 5125.75
Radico   [2] 401.20 395.10 401.95 403.95 394.15 309.88 500.00 297.90 29 395.25 TIFinHolding 479.65 486.40 475.00 491.70 475.00 45.32 749.00 415.15 ­  ­  Xpro  India 33.90 34.40 35.90 40.00 33.60 12.60 60.70 30.55 ­  ­ 
Rain  Ind   [2] 102.20 102.20 102.50 104.40 100.65 1037.43 405.20 88.20 57 102.50 SimbholiSug 9.45 9.10 9.55 9.55 9.05 18.91 17.50 7.80 ­  9.02
Tijaria 15.20 14.85 15.65 15.90 14.45 31.19 26.70 7.55 ­  14.85 Zee  Learn   [1] 27.65 27.90 27.85 28.35 27.50 121.54 42.00 24.40 16 27.75
Raj.Exp   [1] 671.25 665.95 673.85 676.10 663.00 234.17 786.85 544.00 43 666.15 Simp.Inf   [2] 175.55 179.85 175.00 180.70 173.00 94.90 630.00 131.45 9 179.75
TIL  251.60 259.00 253.45 265.00 250.00 3.73 540.90 205.35 13 252.35 Zee  Med   [1] 18.00 18.40 18.00 18.80 17.75 1232.39 40.55 11.40 17 18.35
Rajsr.Sug 21.30 20.90 20.65 21.20 20.65 11.94 37.00 18.25 ­  22.00 Sintex   [1] 8.50 8.45 8.50 8.60 8.40 2139.63 20.10 6.75 3 8.47
SintexPlaTec 20.25 19.95 20.30 20.45 19.90 1312.87 65.25 16.80 ­  ­  Tilakngr  Ind 14.60 14.50 14.35 15.00 14.20 83.10 23.90 13.25 ­  14.37 Zen  Exp 45.50 44.70 47.00 47.00 44.15 0.07 227.25 33.90 ­  ­ 
Rallis   [1] 160.85 163.90 161.10 167.70 158.50 567.14 248.70 146.50 22 165.10 Time  Gty 33.85 32.60 34.45 34.45 31.55 7.72 67.00 25.00 ­  36.60 Zen  Tech.   [1] 71.70 73.05 73.70 75.65 72.00 128.42 131.00 53.00 55 73.80
Rama  News 21.40 21.30 21.45 21.60 21.05 12.83 34.70 19.20 20 21.75 Siyaram   [2] 420.60 447.45 420.55 457.55 418.95 14.63 763.10 303.25 19 445.40
SJVN 24.10 24.20 24.10 24.45 23.90 2669.26 35.35 22.25 9 24.20 Time  Tech   [1] 103.75 102.60 104.45 106.50 101.60 189.45 184.05 76.20 20 102.80 ZensarTec   [2] 233.40 230.10 232.40 235.65 229.00 88.11 352.40 178.20 22 231.65
Rama  Steel   [5] 108.45 114.20 108.90 115.00 107.70 123.11 198.25 71.00 24 112.00 Timken 568.65 587.25 569.00 596.85 567.20 46.47 812.00 495.85 38 590.05 Zod.Clo 221.35 225.15 224.50 233.85 215.00 55.71 236.00 134.60 ­  224.65
Ramco  Cem   [1] 708.45 735.90 714.00 739.00 706.50 676.33 878.95 546.30 39 736.30 SKF  India 1969.70 2044.70 1975.00 2097.70 1962.10 22.10 2050.00 1610.00 31 2017.85
Skipper   [1] 67.10 68.40 68.00 68.70 66.75 43.63 248.70 48.70 11 75.35 Tinplate 151.60 154.55 153.10 156.90 153.00 550.99 258.75 118.00 28 154.40 Zod.Jrd 37.00 37.85 38.65 38.65 36.75 0.20 73.50 32.20 ­  ­ 
Ramco  Ind   [1] 206.35 213.05 207.25 214.00 206.70 56.20 284.95 172.00 26 212.70 Tips  Ind 62.95 61.55 63.00 63.50 61.20 3.14 149.85 58.05 41 ­  Zuari  Ag 185.70 185.75 187.00 188.60 184.00 34.72 563.90 174.60 ­  186.85
Ramco  Sys 231.40 238.60 232.95 245.35 231.50 15.75 520.85 200.00 10 239.50 SKM  Egg 52.10 50.95 52.15 53.05 50.50 30.24 137.90 44.00 31 50.50
Smartlink   [2] 96.75 90.85 95.10 95.40 90.45 9.42 117.95 76.40 ­  92.30 Tita.Wag   [2] 70.05 69.95 70.70 71.00 69.60 209.29 123.85 55.15 ­  70.00 Zuari  Glo 108.40 108.20 108.50 110.50 107.90 28.77 212.15 92.00 8 109.65
Ramk.Forg 535.35 524.80 535.80 538.05 519.90 9.10 852.00 411.55 13 522.95 TN  News 205.80 206.00 206.50 210.05 205.50 47.41 376.40 184.95 12 205.95 ZydusWel 1301.10 1304.30 1307.10 1315.55 1296.00 5.35 1830.00 1085.00 53 1298.45
Ramky  Inf 106.75 107.80 106.75 108.50 105.10 90.52 214.45 97.55 12 106.60 SML  Isuzu 836.40 833.00 840.00 844.00 810.25 56.55 929.00 520.00 97 828.10
SMS  Phr   [1] 64.10 62.70 64.20 64.25 62.45 74.99 90.70 55.05 12 62.25 TN  Petro 34.50 35.05 34.95 35.80 34.45 207.89 58.50 29.50 6 35.15
Rana  Sug 3.35 3.35 3.40 3.45 3.35 86.33 6.15 2.51 ­  3.39
SMSLifeScien 564.20 555.05 570.15 570.15 550.25 5.71 840.00 272.50 ­  ­  Tokyo  Pl 54.00 54.70 55.00 55.00 53.05 31.06 107.00 33.80 ­  53.05
Rane  (M) 360.30 359.65 360.00 363.45 358.20 9.07 1050.00 310.10 8 359.35
SnowmanLogi 32.45 32.85 32.45 33.65 32.35 230.96 56.90 28.60 ­  32.95 Tor.Phr   [5] 1933.45 1949.75 1937.00 1962.00 1930.70 186.89 1964.00 1245.00 41 1952.20 Exchange Traded Funds
Rane  Brk 605.65 599.70 608.65 613.30 597.00 11.06 1195.00 483.00 16 601.05
Sobha 481.10 516.60 485.00 530.25 482.85 384.23 590.00 380.50 21 512.95 Tor.Pwr 250.00 257.50 251.00 258.40 250.70 1220.48 276.60 212.10 12 257.20
Rane  Eng 450.15 465.70 450.75 480.00 450.75 2.15 559.95 447.00 ­  463.00
Solar  Ind   [2] 1047.75 1084.60 1058.80 1095.00 1033.15 33.03 1320.00 923.60 56 1076.30 Tou.Fin.Cor 118.45 118.85 119.60 119.70 118.25 92.46 169.00 108.10 13 119.00 Company Pre  Cl NSE  Cl Vol 52  WH 52  WL BSE  Cl
Rane  Hld 1193.95 1191.25 1181.95 1199.00 1181.95 0.97 2799.00 948.00 23 1195.10
SolarActPhSc 415.90 418.45 419.95 429.00 416.95 40.98 461.00 134.50 ­  ­  TPL  Plastech 141.60 138.25 140.90 141.55 136.00 4.43 399.40 110.00 10 138.00
Ratnamani   [2] 896.00 908.45 897.10 914.90 890.15 5.73 1065.00 735.95 17 894.15
Som  Dist 156.55 158.05 157.85 159.50 153.50 50.79 322.65 117.50 20 158.95 Trans.Corp   [2] 311.40 324.75 314.50 327.95 309.25 66.89 375.70 232.20 21 322.90
RattanIndInf  [2] 2.70 2.70 2.70 2.85 2.70 396.65 6.42 2.50 ­  2.72 Axis  Gold   [100] 2807.85 2778.85 0.19 3069.00 2562.05 2800.00
Somany   [2] 417.25 419.80 410.30 422.00 410.30 31.36 699.85 270.60 37 421.70 Transwarnt 5.20 5.15 4.85 5.15 4.85 2.05 9.38 3.57 ­  4.50
RattanIndPow 2.75 2.70 2.75 2.80 2.65 1554.52 5.79 2.50 ­  2.69 AXISAMC  ­  AXISNIFTY 1171.29 1181.50 0.31 1355.00 1001.15 ­ 
SomiConveyor 24.60 24.20 25.05 25.70 23.30 0.49 57.70 21.20 19 ­  TrejharaSolu 26.15 26.75 26.20 27.25 26.05 5.87 69.90 25.60 ­  ­ 
Raymond 795.00 811.50 800.00 816.05 798.00 864.09 1151.70 593.55 69 809.45 Bank  BeEs 3113.59 3118.18 78.40 3105.66 2435.00 3092.83
Sonata   [1] 335.15 337.70 336.90 340.00 335.00 57.26 428.75 266.00 21 338.20 Trent   [1] 367.50 361.90 366.80 368.50 357.25 92.34 397.00 295.10 98 359.85
RBL  Bank 684.30 680.35 683.70 691.45 677.80 2112.31 692.10 438.80 36 681.35 Birla  Gold 2964.00 2945.00 0.03 3288.00 2712.00 ­ 
SorilInfrRes 289.15 303.60 303.60 303.60 299.00 45.32 889.20 189.40 52 305.00 TRF 114.95 119.55 116.05 124.00 115.70 87.57 285.00 94.00 ­  119.00
RCF 58.95 58.35 59.05 59.25 58.20 584.16 84.80 51.05 29 58.50 Birla  Nifty   [100] 118.00 115.79 0.18 3150.00 2715.00 ­ 
South  In  Bk   [1] 16.50 16.50 16.65 16.75 16.4012640.19 27.40 12.45 10 16.54 Trib  Bhimji 59.00 59.05 58.45 60.00 58.25 60.17 115.40 48.15 19 59.10
Rcom   [5] 4.35 4.15 4.15 4.15 4.15 8838.82 25.20 3.96 ­  4.14 BIRLASLAMC ABSLNN50ET 327.02 327.00 4.98 335.05 250.10 ­ 
SPApparels 313.70 325.15 315.05 329.00 313.00 72.76 379.95 201.05 14 320.10 Trident 68.40 71.70 68.75 74.25 68.70 7877.44 75.60 51.00 11 71.80
RECL 149.25 152.90 150.65 153.40 148.5026977.08 159.30 89.10 6 152.85 ConsConstCon 89.33 89.45 0.71 105.00 79.85 ­ 
Spec.Rest 99.65 104.30 101.00 105.20 99.60 232.27 144.80 64.25 ­  103.90 Trigyn 71.20 71.80 71.05 75.20 71.05 79.89 165.50 63.10 ­  71.75
Redington   [2] 95.95 102.55 95.95 103.50 95.25 620.48 159.00 64.00 27 102.35 DSPBRAMC  ­QUIDETF 999.99 999.99 9.82 1000.01 926.70 ­ 
SpencersRetl 159.30 160.00 161.00 163.30 159.10 128.57 225.00 121.45 ­  ­  TRIL   [1] 12.40 13.25 12.60 13.55 12.55 130.20 32.00 9.85 ­  13.52
Refex  Ref 39.75 37.85 38.55 39.90 37.80 292.90 50.25 10.52 4 37.70 EdeAMCNifEES 13411.00 13215.25 0.03 14398.00 9055.00 ­ 
SPIC 25.15 25.40 25.00 25.70 24.90 62.96 39.75 22.00 13 25.45 Triv.Eng   [1] 59.80 61.15 59.80 61.65 59.65 742.29 63.60 34.05 ­  60.90
Rel  Cap 201.95 204.50 204.00 207.85 202.30 7470.35 487.60 107.00 8 204.20 EDELAMC  ­  EBANK 3074.00 3074.00 0.02 3338.00 2157.26 ­ 
SPL  Ind 46.25 46.35 46.25 47.00 45.95 23.96 74.00 18.80 5 46.75 Triv.Tur   [1] 107.45 107.80 107.30 110.95 106.65 41.44 129.50 92.00 34 107.40
Rel.Ind.Inf 325.85 326.30 328.65 332.70 324.60 302.99 496.30 260.50 58 327.30 EDELAMC  ­  EQ30 304.84 288.75 0.10 338.00 235.11 ­ 
SPML  Infra   [2] 30.35 29.90 30.90 31.75 29.35 28.37 124.00 27.00 2 29.80 TT 56.90 58.20 56.50 59.50 56.50 6.55 104.00 49.50 ­  58.95
Rel.Infra 135.20 137.00 135.85 140.30 135.55 8789.95 488.50 99.10 1 136.70 Gold  BeEs   [100] 2825.15 2808.00 12.08 3000.90 2605.50 2806.42
SQS  India 504.30 506.40 505.30 524.00 504.20 13.89 602.25 379.00 17 506.80 TTK  Prst 8557.10 8732.15 8640.00 8953.65 8512.50 36.63 9290.00 5500.00 55 8696.05
Relaxo   [1] 762.70 770.75 762.00 777.00 762.00 63.39 874.00 635.00 55 774.95 Goldmanamc  ­  CPSEETF 26.87 27.24 317775.92 28.49 20.25 27.26
Sr.Leathrs 226.35 230.40 229.65 235.50 225.00 7.90 302.75 160.00 21 230.90 TTKHealtcare 673.25 677.75 679.15 681.20 670.50 0.89 1215.00 610.10 35 678.65
RelHomeFin 28.30 28.75 28.50 29.50 28.05 323.38 76.70 22.40 ­  ­  HangSengBees 3141.53 3155.00 0.02 3800.00 2801.05 3284.99
Sr.Ray.HHP 173.35 172.05 173.05 175.00 164.15 24.12 212.30 118.00 8 169.70 TTML 3.05 3.05 3.15 3.15 3.05 712.90 6.69 2.71 ­  3.07
Religare 29.50 29.40 29.25 29.95 29.00 200.29 61.65 17.05 ­  29.40 HDFC  Gold   [100] 2901.55 2875.80 0.98 3101.00 2681.00 2872.00
SREI  Infr 29.45 29.75 29.60 29.90 28.85 1069.34 95.40 19.15 13 29.80 TubeInvIndia 383.25 383.20 387.90 387.90 375.05 83.36 434.00 212.00 ­  ­ 
RelNavalEngg 10.45 10.80 10.55 10.95 10.40 1099.18 31.80 7.55 ­  ­  HDFCAmc­Nift   [100] 1200.10 1210.91 0.16 1300.00 1043.16 1225.00
RelNippon 203.00 209.70 205.00 212.40 205.00 916.61 278.95 120.20 26 210.05 SRF 2451.10 2403.00 2458.00 2470.00 2351.10 446.95 2476.40 1531.00 30 2404.10 TV  Today   [5] 317.70 317.75 322.45 322.45 315.00 23.29 510.00 305.15 13 314.95
SrikalahPipe 227.75 228.60 230.90 235.00 225.00 228.13 396.00 157.00 9 229.05 TV18  Br   [2] 34.85 35.50 35.20 35.80 34.90 6422.43 70.90 30.50 ­  35.50 HDFCAmc­Sens 3950.50 3970.00 0.03 4772.11 3065.99 ­ 
Remsons 81.10 81.00 80.05 82.00 80.00 11.00 145.00 71.70 8 ­ 
Renais.Jwl 314.40 305.95 313.00 316.95 304.60 8.36 345.00 252.20 16 305.40 Star  Pap 126.50 126.55 127.60 128.90 126.00 61.57 240.80 97.60 5 126.10 TVS  Elec 187.30 192.25 188.90 194.40 186.25 136.10 557.00 143.00 39 192.40 ICICIPRAMC  BHARATIWIN 37.23 37.98 1899.28 38.46 32.10 ­ 
Repco  Home 470.20 464.20 471.00 478.55 460.50 296.63 653.45 292.50 12 465.55 StarCement   [1] 98.95 98.45 99.50 100.20 98.10 61.03 137.25 85.00 16 98.75 TVS  Mot   [1] 471.50 470.90 472.80 481.00 469.25 1415.02 693.40 448.50 32 474.45 ICICIPRAMC  ­  ICICI500 153.27 153.94 0.13 176.99 116.87 ­ 
Repro 596.40 591.15 591.00 603.90 589.95 1.52 760.00 523.00 23 590.25 STC  India 135.40 136.55 138.50 140.20 135.35 343.58 186.70 90.85 ­  137.40 TVS  Sri 2191.65 2197.60 2185.00 2215.00 2185.00 5.40 3764.85 2170.00 14 2195.60 ICICIPRAMC  ­  ICICILIQ 1000.00 999.99 32.74 1011.00 955.30 ­ 
Resp.Ind   [1] 92.00 91.90 93.00 93.00 90.60 98.64 105.95 39.15 56 91.65 Steel  Strp 849.30 857.35 854.65 868.00 848.00 5.08 1473.70 828.00 16 863.35 ICICIPRAMC  ­  ICICINXT50 28.55 28.92 4.32 320.00 25.31 ­ 
Revathi 407.95 410.05 410.00 410.05 405.05 0.01 648.95 352.15 76 ­  SteelExIndia 17.05 16.35 17.00 17.05 16.10 9.56 29.95 10.15 ­  ­  U................................................. ICICIPRNIFLWVL30ETF 29.10 28.85 56.84 313.00 24.50 ­ 
Rico  Auto   [1] 62.40 63.75 64.00 64.35 62.75 217.33 87.25 55.95 13 63.50 Stel  Hld   [1] 102.45 99.40 100.25 102.85 97.10 12.72 0.48 0.21 ­  ­  UB   [1] 1374.90 1394.80 1383.25 1398.85 1376.05 1960.27 1493.75 945.00 63 1395.15 ICICIPRNIFLWVL30ETF 67.29 68.18 12.61 77.00 59.00 ­ 
RITES 256.65 259.95 258.40 264.80 256.25 368.36 326.55 190.00 13 259.05 Ster.Tech   [2] 219.75 218.45 221.50 221.70 217.50 956.26 399.00 181.00 20 218.60 Ucal  Fuel 162.00 160.65 162.00 163.20 160.20 16.52 284.60 147.00 4 161.95 ICICIPRUDENTIALNV20ETF 56.90 57.34 1.33 62.00 45.10 ­ 
Rossell   [2] 66.35 67.30 68.90 68.90 65.70 2.30 104.85 62.05 ­  67.50 Ster.Tool   [2] 282.75 325.30 281.35 334.95 281.35 60.90 419.90 250.50 24 322.85 Uco  Bk 18.95 18.80 19.10 19.10 18.70 673.92 23.40 15.30 ­  18.75 ICICIPRUDNIFTY100ETF 124.65 125.31 1.74 138.50 102.70 ­ 
Royal  Orchd 116.60 115.30 118.70 118.75 114.00 42.29 239.00 91.40 28 118.10 Str.Arcolab 465.75 472.40 466.05 479.70 465.30 1384.33 696.57 334.10 5 471.65 Uflex 213.65 227.90 214.50 232.75 214.45 471.59 375.45 181.00 34 227.20 ICICIPRUDNIFTYETF 120.46 121.07 40.62 124.70 95.00 ­ 
RPG  Life   [8] 245.50 247.85 247.20 253.15 241.20 12.12 441.80 202.00 39 247.75 Subex 5.85 5.75 5.75 5.95 5.70 556.81 8.55 4.40 ­  5.77 UFO  Moviez 237.80 235.35 239.75 243.10 233.80 26.62 418.50 211.05 14 235.90 ICICIPRUDSENSEXETF 407.41 409.00 0.26 448.00 303.35 ­ 
RPower 10.65 11.35 10.70 11.65 10.70157687.41 44.50 9.15 ­  11.36 Subros   [2] 260.70 267.75 264.60 269.05 263.55 75.71 379.10 206.45 22 266.95 Ugar  Sug   [1] 16.10 16.00 15.70 16.20 15.70 44.80 20.85 11.08 ­  15.80 IDBI  Gold   [100] 2944.60 2907.95 0.07 3150.00 2715.00 ­ 
RPP  Infra 114.55 114.00 114.00 115.55 112.00 19.29 284.90 83.00 8 113.85 Sud.Chem   [2] 348.30 343.90 346.35 352.05 342.00 30.90 633.80 291.10 26 344.95 Ujaas   [1] 6.55 6.30 6.65 6.75 6.10 270.63 21.70 4.90 ­  6.32 IDFCAMC  ­  IDFNIFTYET 123.00 122.00 0.03 130.00 86.00 ­ 
RS  Soft   [5] 28.05 28.05 28.15 29.20 27.90 37.76 60.50 25.00 ­  28.25 Sumeet 4.20 4.05 4.20 4.40 4.00 235.15 16.50 3.10 ­  4.08 UjivanFinSer 337.10 347.80 338.20 352.95 336.00 2390.89 432.05 166.80 ­  347.95 Infra  BeEs 327.19 339.05 0.37 1182.00 1016.00 1182.00
RSWM 179.65 176.65 178.30 181.90 174.95 18.07 353.00 148.00 ­  175.90 Sumit.Sec 570.35 590.35 562.05 614.00 562.00 3.94 931.00 466.00 8 590.05 UmangDair   [5] 54.50 54.00 54.55 54.80 53.80 4.51 97.60 44.05 13 54.25 InvesIndGold   [100] 2900.00 2856.50 0.01 3150.00 2616.60 ­ 
Ruby  Mills   [5] 277.15 278.80 278.30 287.95 272.65 10.20 447.25 233.25 15 283.70 Sun Phr Adv  [1] 194.65 191.10 195.40 196.90 190.00 319.96 438.25 140.95 ­  192.00 Unichm  Lab   [2] 197.80 194.60 198.85 198.85 193.90 51.52 292.00 182.00 ­  194.60 InvesInNifty 1214.75 1216.45 0.01 1440.95 944.00 ­ 
Ruch.Paper 105.80 104.30 105.30 106.80 103.00 39.95 177.00 83.60 7 105.35 Sun  TV   [5] 606.05 628.10 609.00 639.00 608.00 4220.99 1028.00 486.95 18 627.05 Union  Bk 96.95 95.60 97.60 98.15 95.0011438.34 105.75 61.40 ­  95.50 Kotak  Nifty   [5] 118.61 119.24 71.06 1424.00 1002.30 1335.75
Rupa    [1] 345.15 343.25 348.70 353.30 342.05 15.41 469.90 246.65 27 343.80 Sund.Brak 312.65 321.85 313.05 325.00 309.00 1.89 595.55 281.00 22 323.55 Uniph.Ent   [2] 103.50 112.15 103.80 116.70 102.65 34.59 131.60 74.00 40 111.55 Kotak  PSU  Bk 331.80 331.04 15.13 360.00 255.00 330.00
Rush.Decor 439.90 459.15 436.00 465.00 436.00 4.66 837.35 390.00 35 457.85 Sund.Clay   [5] 2841.80 2890.75 2841.35 2925.00 2775.05 2.11 5380.00 2252.00 35 2897.85 Uniply   [2] 40.00 39.35 39.85 40.60 39.10 390.91 98.30 38.10 ­  39.40 KOTAKMAMCKOTKBKETF 310.63 328.09 1569.16 368.00 240.00 ­ 
Sund.Fast   [1] 551.70 566.45 555.45 572.00 552.20 121.12 688.00 481.55 28 565.95 Unitd.Bk 11.20 11.10 11.35 11.35 11.05 730.29 14.80 9.05 ­  11.06 KOTAKMAMC­KTNV20ETF 58.01 58.60 4.87 69.00 40.10 ­ 
S ................................................. Sund.Fin
Sund.Multi   [1]
1562.00 1558.70 1568.35 1573.00 1542.10
1.70 1.70 1.70 1.75
95.49 1888.55 1320.40
1.65 342.89 3.90 1.52
30 1558.30
­  1.69
United  Nil
United  Spr   [2]
312.50 315.55 325.95 326.00 307.00 0.54 538.40 277.00
532.40 553.90 536.00 558.00 536.00 3353.75 730.80 439.00
­ 
54 553.00
­  Kotal  Gold 279.80 278.35 7.42 299.85 254.60 278.00
S  H  Kelkar 150.85 153.35 151.90 154.55 151.50 94.46 263.50 136.65 45 153.45 LICNAMC  ­CNFENGP 119.80 119.80 0.03 144.00 86.00 ­ 
SundarFinHol 85.30 85.35 86.55 87.00 83.75 41.09 343.95 78.50 ­  ­  Univ.Cab 219.65 220.15 220.40 222.10 218.00 28.47 349.00 132.00 12 220.55 LICNAMC  ­CNFNHGP 119.40 116.40 2.12 134.70 98.50 ­ 
Sadbhav   [1] 245.70 248.45 248.20 251.40 246.00 876.23 407.90 161.65 19 249.15
Sunflag 48.25 48.70 48.60 50.00 47.90 267.02 93.75 40.55 6 48.85 UrjaGlobal   [1] 2.80 2.75 2.85 2.85 2.70 833.55 5.95 1.60 ­  2.82 LICNAMC  ­CNMFET 17.60 17.80 2.04 20.00 13.62 ­ 
SadbhavInf 88.55 87.05 88.00 89.00 85.10 15.10 139.90 74.55 44 86.00
Sunteck   [1] 457.10 461.25 460.00 463.50 454.20 136.37 526.00 295.65 34 460.65 Usha  M  Ed   [1] 1.30 1.30 1.30 1.30 1.30 1.00 1.85 0.80 ­  ­ 
Sagar  Cem 645.65 647.15 650.05 652.05 640.00 11.55 1115.00 529.00 81 653.90 Liquid  BeEs   [1000] 1000.00 1000.00 2753.54 1004.89 985.56 1000.00
Super  Spn   [1] 5.90 5.90 6.45 6.45 5.50 74.36 15.94 4.92 ­  6.02 Usha  Mar   [1] 41.15 40.50 41.50 41.95 40.25 1071.46 45.70 18.40 ­  40.30
SagrdeepAloy 58.35 59.90 61.00 61.25 55.45 100.29 111.00 53.70 ­  ­  Most­Gold 18.77 18.80 26.04 22.00 16.08 ­ 
Superhouse 122.95 123.70 122.85 124.85 122.40 4.31 158.00 107.15 6 122.00 Utm.G.Stl 10.00 10.50 10.15 10.50 10.15 113.34 15.75 7.37 ­  10.56
SAIL 50.70 53.75 51.00 54.35 51.0036912.32 91.10 44.10 9 53.70 MostM50   [7] 112.35 111.93 0.85 125.53 94.10 112.00
Supr.Ind   [2] 1096.35 1117.35 1100.00 1125.00 1087.55 79.89 1434.00 935.85 30 1113.85 Utm.Sug 136.20 132.70 137.35 137.50 131.15 101.84 163.80 61.50 ­  132.35
Saksoft 279.80 280.05 281.90 284.00 279.10 2.40 342.80 202.00 21 280.95 MostM50 494.94 498.48 10.90 655.89 410.00 500.50
Supr.Infra 24.05 23.00 22.85 24.50 22.85 256.51 55.25 16.15 ­  22.90
Sakuma   [1] 27.85 27.25 28.00 28.30 27.05 391.91 42.95 14.16 16 27.50 NiftyBeEs 1209.77 1220.61 46.92 1228.00 1043.00 1217.11
SAL  Stl 5.10 5.00 5.25 5.25 4.90 20.88 10.30 4.51 ­  4.97 Supr.Petro
Suprajit   [1]
229.30 222.45 233.65 233.90 219.00
241.85 244.80 241.00 246.90 238.55
15.63 359.25 179.00
19.27 297.85 176.00
42 224.05
29 243.75
V ................................................. NiftyJrBeEs   [1] 289.16 291.26 43.91 323.40 258.01 292.14
SalasarTech 220.60 226.50 222.55 229.70 220.00 30.96 409.00 188.75 10 224.80 V  Mart 2685.55 2694.25 2695.00 2742.80 2674.85 10.09 3298.00 1874.00 62 2695.15 PSU  Bk  BeEs 366.87 368.81 9.54 381.70 285.00 371.00
SalonaCot 61.65 61.15 64.50 64.50 61.00 0.30 134.80 52.55 12 55.05 Surana Solar  [5] 7.55 7.50 7.40 8.10 7.20 32.10 15.35 6.70 ­  7.60 V2  Retail 272.80 287.65 276.25 292.50 272.70 66.54 490.25 230.00 21 289.65
Surana  Tel   [1] 4.10 4.15 4.25 4.25 4.10 16.87 5.49 3.90 ­  4.07 Qgold   [100] 1409.00 1396.05 0.20 1492.90 1300.00 1395.00
Salora 17.70 17.70 17.75 17.75 17.70 3.19 48.65 16.25 ­  ­  VA  T  Wab   [2] 325.20 329.10 330.00 341.85 326.65 191.43 541.40 243.45 20 331.65 Qnifty 1169.50 1178.00 0.01 1182.00 1016.00 1182.00
Salzer  Elec 118.35 116.65 119.70 120.75 116.00 7.36 213.40 101.70 9 117.65 Surya  Rosh 257.20 252.30 258.00 259.00 251.10 37.91 443.20 185.05 12 251.60 Vadilal 576.05 608.15 579.80 615.00 576.00 70.90 950.00 400.00 12 607.80
Suryalaxmi 32.05 29.90 31.55 32.40 28.80 14.78 72.50 25.10 ­  30.30 RELCAPAMC  ­  RELCONS 51.03 51.09 1.53 60.00 40.10 ­ 
Sambhaav   [1] 4.35 4.30 4.35 4.65 3.95 108.63 10.43 3.15 ­  4.30 VadivrSpeChe 107.00 107.95 107.95 107.95 107.00 0.29 167.85 67.50 ­  ­  RELCAPAMC  ­  RELDIVOPP 30.45 30.50 1.43 35.00 27.39 ­ 
Sanco  Ind 14.60 15.35 14.75 15.40 13.55 180.06 33.90 11.45 ­  ­  Sutlej  Te   [1] 39.85 40.05 39.95 40.80 39.00 10.97 84.00 33.60 11 39.50 Vaibhav 632.85 641.05 635.20 652.20 628.60 3.76 770.00 573.30 81 630.85
Suven  Lif   [1] 261.85 260.90 263.70 267.30 260.00 301.03 337.70 169.35 23 260.90 RELCAPAMC  ­  RELNV20 591.24 598.90 1.22 690.00 451.00 ­ 
Sandesh 761.25 759.90 762.05 770.00 751.20 2.62 1143.30 638.90 10 ­  Vakrang   [1] 50.80 50.30 51.25 51.30 50.05 2864.84 210.10 22.35 ­  50.35 RELCAPAMC  RETFMID150 66.82 64.46 27.91 75.70 58.10 ­ 
SandharTech 263.65 263.05 264.30 265.40 260.00 245.27 451.30 226.45 18 261.20 Suzlon   [2] 6.50 6.15 6.60 6.60 6.0081178.68 12.39 2.70 ­  6.15 Vard  Text 1087.35 1088.15 1090.00 1099.00 1059.30 101.59 1425.00 922.00 9 1078.80
Swan  Ener   [1] 107.90 107.50 107.00 108.60 104.25 118.17 200.00 93.50 25 107.40 RELCAPAMC  ­  RRSLGETF 18.46 18.46 0.16 18.96 13.60 ­ 
Sang.Forg 24.30 24.75 25.30 25.30 23.80 2.52 43.00 20.75 ­  ­  Vard.Acry 40.00 39.80 39.75 40.50 39.65 8.57 236.45 132.15 13 220.95
Swaraj  Eng 1435.15 1408.85 1450.95 1450.95 1389.50 71.55 2139.05 1256.35 20 1406.45 RelCNX100 120.08 120.25 0.11 132.99 100.90 ­ 
Sangam 65.45 65.60 66.05 66.80 64.50 6.07 141.85 53.70 7 65.55 Vard.Hld 2054.80 2085.60 2071.05 2100.00 2041.10 0.36 4499.95 1608.00 21 2111.00
Swle.  Ener 232.80 239.55 232.85 242.30 228.05 5.10 437.00 202.00 19 240.05 Vard.SPC 98.70 97.10 98.75 98.95 96.50 8.54 165.00 81.30 12 97.60 SBIAMC  ­  SBIETFQLTY 96.27 97.05 3.12 113.00 88.60 ­ 
Sangh.Mov   [2] 106.10 111.15 107.00 112.00 105.15 32.27 222.50 82.90 ­  110.85
Sanghi  Ind 60.25 62.25 60.65 63.35 59.75 129.24 127.65 51.00 35 62.25 Symphony   [2] 1396.85 1379.80 1410.00 1412.95 1375.00 18.11 1945.00 811.85 76 1383.95 VarrocEngg 589.55 579.00 586.00 596.90 575.05 38.91 1178.70 565.25 ­  ­  SBIAMC  ­  SETF10GILT 168.01 168.50 0.03 190.00 131.00 ­ 
Sanofi 5762.00 5847.85 5762.00 6009.95 5750.00 43.52 6840.05 4705.60 35 5835.15 Synd.Bk 42.90 43.20 43.40 43.70 42.70 9075.09 62.00 29.55 ­  43.05 VarunBevera 812.95 866.65 833.00 877.00 833.00 207.42 878.50 626.70 48 865.15 SBI­ETF  Gold 2873.00 2855.95 0.91 3040.00 2641.10 ­ 
Sanwaria   [1] 9.30 9.10 9.45 9.45 8.90 1388.79 24.30 7.80 4 9.10 Syngene  Int 599.15 595.30 604.00 604.00 586.00 44.03 699.80 509.30 38 587.95 Vascon 15.40 15.20 15.40 15.50 15.00 104.71 36.30 13.25 ­  15.25 SBI­ETF  NIFTY  50 118.31 119.56 20.68 123.20 98.30 ­ 
Sarda  Ene 296.15 312.70 293.45 316.00 293.45 91.27 501.95 230.55 5 312.55 Vaswani 9.60 9.50 9.30 10.00 8.70 16.05 17.90 7.61 4 9.99 SBI­ETF  NIFTY  BANK 307.69 306.56 55.86 314.64 238.67 ­ 
Saregama 577.85 589.80 589.00 592.95 574.40 22.82 871.00 461.50 18 592.25 T ................................................. Venky's 2318.20 2267.35 2337.90 2340.00 2260.00 43.11 4711.25 1788.00 16 2257.65 SBI­ETFNN50 284.00 289.50 1.70 345.00 238.90 ­ 
Sarla  Perf   [1] 25.45 25.65 25.25 26.30 25.00 42.22 57.80 23.00 9 25.35 Tainwala 62.90 60.10 64.40 65.05 57.10 4.28 141.20 55.20 14 60.10 VenusRem 33.30 33.00 33.30 33.80 32.50 35.02 81.85 29.00 ­  33.15 Sharia  BeEs 254.00 254.00 0.02 281.99 212.00 ­ 
Sasken 633.35 633.80 639.70 642.00 628.80 6.25 1140.00 571.45 11 633.90 Taj  GVK   [2] 237.35 238.15 233.25 241.85 233.25 20.43 263.80 140.00 70 237.45 Vesuvius 1164.25 1159.25 1181.65 1189.90 1150.10 2.37 1400.00 973.00 25 1174.00 UTI  Gold   [100] 2847.20 2822.70 0.32 3012.00 2610.25 2835.00
SastaSunVent 120.45 119.95 117.25 120.00 117.25 5.30 138.20 75.05 ­  119.55 Take  Sol   [1] 143.50 149.35 144.55 151.30 143.70 847.74 308.30 97.00 39 149.75 #3585
Veto  Switch 69.30 69.95 69.25 71.40 69.20 22.73 245.60 50.00 10 70.05 UTIAMC  ­  UTINEXT50 283.00 280.50 1.04 329.00 255.20 ­ 
Satin  Credit 349.50 365.20 350.00 390.00 349.50 61.52 439.90 183.00 10 364.90 Talbros 208.20 208.10 212.15 230.00 205.75 17.12 338.10 180.70 11 210.10 V­Guard   [1] 221.50 222.35 223.90 225.10 221.00 474.70 254.90 159.10 71 221.40 UTIAMC  ­  UTINIFT 1210.15 1219.00 0.03 1404.00 1036.00 ­ 
Savita  1173.05 1190.75 1167.10 1197.00 1166.45 0.70 1503.00 873.50 14 1195.95 TalwakLifSty 115.00 120.40 115.10 124.75 113.40 154.01 173.00 101.05 ­  ­  VidhiSpclIng  [1] 79.70 80.05 79.00 81.10 79.00 35.48 106.40 66.90 16 79.70 UTIAMC  ­  UTISENS 402.44 399.00 0.03 471.45 339.90 ­ 
SBILifeInsur 616.20 583.40 614.00 614.00 581.60 6792.16 774.75 487.00 47 579.55 Talwalkar 46.20 53.25 46.30 54.90 46.00 1747.07 164.65 27.95 11 53.95 Viji  Finance   [1] 0.85 0.80 0.85 0.85 0.80 349.42 5.49 0.69 ­  0.94 UTIAMC  ­  UTISXN50 332.43 356.00 0.02 401.22 302.00 ­ 
SchaeflerInd 5379.85 5503.85 5385.40 5600.00 5326.00 24.16 5836.30 4599.00 38 5506.70 Tanla  Sol   [1] 37.55 36.95 37.40 37.65 36.60 154.46 46.45 26.40 ­  37.00 VikasEcoTec  [1] 10.30 11.40 10.40 11.75 10.25 2779.81 31.95 8.60 ­  11.37
SChand&Co   [5] 177.20 181.55 175.00 185.05 174.10 63.55 417.70 165.05 19 181.65 Tarmat 38.10 38.50 37.40 41.50 37.35 8.13 71.90 24.80 ­  38.30 Vimta  Lab   [2] 197.50 198.75 201.40 202.90 193.00 18.44 341.00 174.10 19 199.90 *:  Closing  price  is  the  average  of  trade  price(s)  for  the  last  half  an  hour;52­Week  High/Low  figures
Schneider   [2] 102.05 112.30 104.95 122.45 104.00 903.69 134.80 81.30 ­  112.15 TastyBiteEat 8510.35 8444.75 8524.00 8599.95 8390.00 0.3011371.65 7020.65 73 8358.60 Vinati  Org   [2] 1625.60 1644.35 1630.00 1668.00 1630.00 15.13 1740.00 855.55 34 1643.90 pertain  to  BSE.
SCI 37.55 37.80 37.95 38.60 37.70 570.10 77.35 34.50 20 37.95 Tata  Chem 587.25 588.80 590.50 594.70 579.20 1474.51 786.95 550.00 9 587.50 Vindh.Tel 1395.35 1400.10 1404.65 1405.00 1380.00 9.74 2047.95 888.05 11 1407.40 Shares  of  face  value  other  than  ₹10  is  indicated  in  brackets  immediately  following  the  name  of  the
SE  Power 4.10 3.95 4.10 4.30 3.90 2.93 8.26 3.04 ­  4.72 Tata  Cof   [1] 89.85 90.20 90.25 91.40 89.55 277.87 137.15 81.00 33 90.25 Vinyl  Chm   [1] 77.25 79.70 76.95 80.90 76.95 25.56 135.90 64.30 8 80.65 company.
Seamec 428.05 428.15 431.00 436.45 422.60 9.44 432.00 182.90 20 426.65 Tata  Com 607.70 612.75 609.00 617.75 607.10 239.09 670.90 435.95 46 614.35 VIP  Ind   [2] 482.80 483.35 495.00 495.00 474.50 319.07 645.05 314.10 48 486.10 Qty  (No  of  shares  traded)  is  denoted  in  thousands.
SecuriIntSvc 856.75 848.50 866.60 866.65 842.70 2.27 1404.80 727.00 60 845.85 Tata  Elxsi 958.55 963.10 964.60 970.90 958.55 332.72 1491.75 826.00 21 963.25 VIPClothing   [2] 21.10 20.65 21.00 21.50 20.25 156.87 75.20 19.40 ­  20.80
Selan  Exp 180.35 181.75 181.00 183.90 179.95 50.09 277.50 158.80 6 182.10 Tata  Global   [1] 198.95 203.95 199.00 206.20 198.85 2889.34 299.80 177.50 31 203.15 Visa  Stl 7.90 7.80 7.85 7.95 7.65 26.74 16.00 5.55 ­  8.00 The  PE(price­earnings  multiple)  of  each  stock  is  based  on  the  latest  declared  earnings.
Sequent  Sc   [2] 73.20 71.80 73.70 73.95 71.50 287.12 89.00 42.45 ­  71.85 Tata  Inv 824.90 833.20 825.00 838.00 824.00 11.45 944.00 654.00 25 837.30 Visagar   [1] 0.55 0.55 0.55 0.55 0.50 167.72 1.38 0.45 ­  0.55 The  PE  computation  takes  into  account  the  per  share  earnings  of  each  company  for  the  latest  12
Sesh.Paper 934.75 939.35 948.00 948.00 933.00 0.58 1347.70 818.00 7 ­  Tata  M  DVR   [2] 84.50 85.55 85.00 87.20 84.95 2711.80 208.30 72.05 ­  85.80 Visak.Ind 406.35 408.75 408.00 415.95 401.00 25.00 810.95 326.45 10 413.40 months.

BSE Stocks
C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C C m P C C

7Seas 9.16 9.16 Basant Agro [1] 3.99 4.12 Deccangold [1] 26.70 27.10 Golkunda Dia 13.24 13.24 Jagan Lamps 12.40 12.50 Longview Tea 17.44 18.27 Nitincast [5] 75.95 75.95 Rajoo Engin. [1] 29.10 29.95 Sharp India 27.65 29.00 Tcfc Finance 30.50 29.45 Ushdev Intnl [1] 0.33 0.32 W.H.Brady 118.05 122.50
A.K.Capital 326.00 329.00 Bcc Fuba 10.15 10.35 Deepak Spinn 100.00 99.00 Goodricke 209.85 218.00 Jagatjit Ind 40.05 38.90 Lords Chloro 60.95 62.95 Nitta Gela 126.20 126.05 Ram Rat.Wir[5] 102.40 100.50 Shelter 10.50 10.00 Tcnsbrands [2] 823.35 818.55 Utinext50 278.05 284.79 Walchand Pf 93.15 93.50
A.Sarabhai 14.17 14.29 Bclil 99.65 99.20 Delton Cable 18.20 18.20 Goodyear (I) 922.15 944.75 Jagjanani 0.38 0.37 Lotus Choc 21.55 20.75 Niyogin 93.70 98.35 Rama Paper 15.05 14.40 Shervani Ind 616.60 606.70 Tcpl Pack 357.75 367.25 Utiniftetf 1215.00 1229.80 Wall St.Fin. 26.95 27.00
Aail [5] 38.85 38.60 Bcp Ltd [2] 38.55 38.50 Denis Chem 75.70 77.30 Gopala Poly. 55.45 50.60 Jagson Airli 0.77 0.75 Loy.Tex Mill 423.40 417.05 Norris Medi. 5.95 6.05 Rama Phosph 85.60 85.00 Shetron Ltd 30.70 30.70 Technoe [2] 256.30 275.75 Utisensetf 398.06 400.00 Wallfort Fin 29.00 31.65
Aanchalisp 9.22 9.23 Bdh Indus. 76.70 74.25 Devhari [1] 3.25 3.41 Govind Rubb. 3.70 3.74 Jaimata Glas [1] 0.36 0.35 Ludolow Jute 61.35 61.50 Nova Iron&St 5.12 4.87 Rama Pulp 66.50 65.50 Shilchar Tec 327.25 330.00 Tejasnet 169.45 171.20 Utlinds [1] 14.55 14.78 Warren Tea 63.25 63.10
Aarey Drugs 28.80 28.90 Beekay 315.00 317.20 Dhabriya 71.40 71.25 Gowra Leasng 16.50 16.50 Jaipan Indus 17.45 17.70 Luharuka [1] 0.82 0.85 Novartis [5] 684.90 685.80 Rama Vision 6.00 5.85 Shilp Gravur 90.85 92.80 Tejnaksh 57.25 55.60 Uyfincorp [5] 3.74 3.99 Waterbase 167.50 164.05
Aashee 4.95 5.19 Beeyu Overse 0.29 0.30 Dhampure Sgr 15.90 15.90 Gpl 234.60 230.00 Jasch Indust 54.60 55.70 Lykisltd 22.40 22.90 Npr Finance 21.00 21.20 Ramasigns 15.70 14.95 Shiv.Bimetal [2] 138.45 138.30 Terai Tea Co 38.85 38.10 V.B.Desai 6.82 6.51 Welcast 560.10 587.75
Aayush 30.10 32.20 Benares Hot 1598.55 1565.85 Dhan Jeevan 15.80 15.20 Gradiente 0.87 0.86 Jaus Polymer 14.53 14.00 M.M.Rubber [2] 83.10 85.25 Nr Interna 7.00 6.65 Raminfo 46.30 47.05 ShivCement [2] 16.13 16.54 Tgvsl 43.00 41.80 Vaarad [1] 10.08 9.60 Welcure Drug 0.55 0.53
Abansent 40.85 40.85 Bengal Tea & 41.00 39.05 Dhan Roto Sp 30.25 30.25 Gratex Inds. 10.45 10.00 Jay Ushin 357.50 375.00 Mac Charles 295.90 295.00 Ntc Indust 43.10 43.10 Rapicut Carb 48.80 49.95 Shiva Fert. 38.70 36.65 Tiger Logs 102.00 101.45 Vadilal Ent 902.50 902.50 Wepsoln 20.55 21.70
Abc Gas Int 11.50 12.00 Bengla& Asm 1632.85 1710.40 Dhanadacol [1] 2.25 2.36 Graue& Weil [1] 49.05 49.20 Jaykay [1] 6.17 5.87 Machino Plas 130.00 125.00 Nutra [5] 14.69 14.29 Rasandik Eng 113.85 120.85 Shivalik [5] 268.90 269.90 Tiindia [1] 380.75 382.10 Valiant Comm 28.70 28.00 Westlife Dev [2] 428.30 428.70
Abc India 51.80 53.20 Beryl Drugs 7.97 8.36 Dhanal.Cotex 26.15 24.85 Graviss Hosp [2] 21.75 20.70 Jayshri Chem 7.22 7.23 Madhus.Ind. [5] 16.00 15.20 Oal [5] 228.55 226.95 Rasi Electro [2] 4.20 4.20 Shree Global [1] 3.39 3.33 Tilak [1] 0.71 0.70 Valson Indus 27.75 26.70 Whiteorg 22.60 22.05
AbmKnowled[5] 60.00 61.90 Bgil Fl Tec 3.23 3.38 Dhanleela [2] 31.00 31.60 Gravity (I) 1.75 1.72 Jct Ltd [2] 1.63 1.69 Madrasfert 20.80 20.45 Obi Ltd 25.55 24.30 Rathi Bars 14.36 14.01 Shree Surgov 25.10 23.85 Timex Group [1] 50.55 51.50 Vama Inds [2] 8.56 8.42 William.Fin. 19.30 18.50
Abslrif6rg 7.56 8.20 Bh.Immun&Bio 7.31 7.69 Dhanvarsha 46.00 48.30 Greencrest [1] 1.47 1.45 Jenburkt Ph. 494.95 505.20 Maestros Ele 45.75 43.50 Ocean Agro 18.35 19.25 Rathi Graph. 3.78 3.80 Shremetal 28.70 29.70 Tinnatfl 21.60 21.55 Vamshi Rubb. 25.90 25.35 Wim Plast Lt 565.90 561.65
Accel [2] 9.07 9.16 Bhagira.Chem 482.35 493.90 Dharamsi Chm 148.90 146.75 Greycells 37.00 38.00 Jetinfotran 35.25 33.55 Mafatlal Ind 107.45 108.30 Oclindia [2] 985.00 989.85 Raunaqepc 66.25 69.55 Shri Bajrang 15.85 15.95 Tirupati Sar [5] 13.00 13.40 Vandana [1] 0.26 0.26 Wimsome Text 25.90 25.20
Ace Software 25.40 24.15 Bhagwati Aut 140.00 140.10 Dhindia 20.45 20.20 Grm Overseas 225.00 234.00 Jhaveri Cred 3.47 3.64 Magna Electr 192.95 190.95 Octave 0.74 0.71 Rci Ind 100.20 99.00 Shri Dinesh 125.00 124.00 Tirupati Sta 37.55 36.05 Vapi Paper 5.91 5.72 Winsome Brew 3.96 4.10
Aci Infocom [1] 0.30 0.30 Bharat Bhush 18.40 18.35 Dhoot I.Fin. 32.50 32.60 Gromotrade 452.15 452.00 Jindal Cap. 7.00 6.75 Maha.Rubtech 41.55 40.70 Odyssey Cor[5] 1.67 1.75 Rcl 23.20 24.35 ShriJagdamb[1] 248.25 242.35 Tisl [1] 3.53 3.57 Varroc [1] 591.45 580.60 Wintac Ltd 200.45 200.40
Acknit Ind 89.75 90.50 Bharat Seats [2] 87.70 91.20 Dhp India Lt 559.05 550.15 Gsb Finance 7.69 7.73 Jindal Hotl 39.00 41.70 Mahaan Foods 17.55 16.95 Odyssey Tech 26.50 25.50 Rdb Rasayan 55.55 53.00 Shriram Asse 166.00 174.00 Titan Biotec 45.05 45.00 Vas Infra 5.07 5.15 Women Networ 2.75 2.88
Acme 12.00 12.00 Bharatagri 109.70 110.45 Dhruv Estate 29.40 29.40 Gsl Secur. 1.60 1.68 Jiyaeco 53.05 54.00 Mahepc 109.75 113.70 Ok Play (I) 43.05 41.90 Rdb Realty 31.35 29.80 Shristinfra 185.75 188.50 Toyamind [1] 4.84 5.00 Vbc Ferro 43.95 44.90 Worldwide Le 14.50 13.80
Acrycil Ltd. [2] 112.15 110.90 Bhaskar Agro 20.45 20.45 Diamant [2] 0.61 0.61 Guj.Borosil [5] 95.00 94.15 Jj Finance 16.00 16.05 Majestic Aut 143.15 140.10 Olympia Ind. 25.65 24.40 Redex Protec 9.67 9.50 Shukraphar 34.85 36.55 Tproject 1.34 1.32 Vbind 7.29 7.20 Wpil Ltd. 818.75 832.30
Action Fin. 8.72 8.75 Bhilwra Tec [1] 8.39 8.03 Diamines&Chm 122.65 120.30 Guj.Foils 1.71 1.70 Jkagri Gen 673.05 807.65 Makers Lab. 50.75 52.65 Olympic 5.35 5.09 Refnol Resin 19.25 18.50 Sibar Auto 25.50 26.35 Transchem 22.00 23.75 Vedavaag 30.45 29.30 Xelpmoc 66.55 66.60
Ad­Manum Fin 21.50 21.50 Bhoruka Alu. 0.53 0.53 Diana Tea Co [5] 14.95 14.90 Guj.Hotels 109.70 105.75 Jl Morison 1402.40 1401.00 Mancredit 52.35 52.90 Omnitex Ind. 11.05 10.60 Rega Realty 17.90 17.55 Sika Inter. 153.00 152.00 Transcorp In [2] 22.55 22.40 Veejay Laksh 45.85 45.75 Yamini Inves [1] 0.29 0.29
Adarsh Plant 4.28 4.07 Bihar Sponge 0.87 0.87 Dil Ltd [5] 786.05 823.05 Guj.Petro 21.05 22.10 Jmdvl 7.22 7.08 Mangalam In[1] 0.35 0.36 Ontic 4.73 4.65 Regency 26.65 25.00 SimmonMar [2] 77.95 76.40 Transgene Bi 4.00 4.00 Veer Energy 10.74 10.62 Yash Manage. 6.83 7.00
Adcindia 234.65 227.00 Bilcare Ltd. 26.55 27.20 Dion 4.33 4.12 Guj.Stat.Fin 1.15 1.20 Joindre Capi 18.45 17.95 Mangalya Sof 0.67 0.64 Orient Bever 84.00 86.80 Rel.Chemotx 73.40 75.80 Simran Farms 68.00 66.80 Transpek 1504.05 1502.60 Veerhealth 7.50 7.50 Yash Papers 51.65 52.00
Adcon 10.65 10.25 Bindalagro 15.10 15.58 Divya.Granit 97.00 96.00 Guj.Themis. [5] 40.75 39.30 Joonktollee 146.00 145.00 Manorg 525.55 549.80 Orient Trade 37.55 39.40 Relhome 28.25 28.70 Sinclair Hot 328.95 337.90 Trejhara 26.00 25.70 Vegetable [1] 3.90 4.15
Adinath Exim 7.51 7.88 Binny Ltd. [5] 140.00 134.70 Dolat Inv. [1] 61.30 61.60 Gujaratpoly 23.90 23.25 Josts Eng. 677.50 676.15 Mansi Financ 36.90 35.10 Oriental Ven [1] 51.75 50.25 Relsensex 408.18 407.60 Singer India [2] 48.60 50.00 Yashchem 81.20 87.05
Trescon 94.05 93.25 Velan Hotels 5.12 4.62 Yogi Sungwon 2.53 2.49
Aditya Ispat 6.50 6.70 Binny Mills 58.80 58.85 Dolphin Medi 0.86 0.90 H.P.Cotton 35.05 37.95 Jpt Secur. 6.32 6.01 Martin Burn 39.90 40.35 Orientelec [1] 150.00 152.60 Reltd 43.00 44.40 Sintexplast [1] 20.30 19.95 Triton Valve 1015.00 1039.90 Veljan 846.70 840.00
Aditya Spin. 3.80 3.80 Biogrpaper 3.20 3.20 Dr.Agar.Eye 360.00 363.35 H.S.(I) Ltd. 7.76 8.14 Jstl 31.70 28.65 Maruti Infra 18.30 19.00 Orosmiths [1] 8.08 8.10 Resonance 22.80 20.30 Sir Shadi La 37.80 39.65 Yuken India 677.95 676.35
Triveni Glas 10.00 9.71 Veritas [1] 54.00 53.55 Zenith Fibre 65.00 66.10
Ador Fontech[2] 103.00 102.10 Biopac India 4.60 4.48 Drhabeeb 29.70 31.00 Haldyn Glass [1] 35.05 35.00 Jtaparia 0.29 0.30 Maruti Sec. 3.09 3.24 Oscar Inv. 12.00 11.80 Restile Cer. 3.61 3.61 Skcil 40.50 40.60 Ttil 2.48 2.50 Vertex Sec. [2] 1.85 1.74
Advent Comp. 1.94 1.94 Birla Pretec [2] 15.83 16.15 Duke Offshor 21.00 21.75 Hardcastle 257.25 269.90 Jtl Infra 134.50 149.30 Master Trust 34.50 33.05 Osiajee 13.20 13.25 Rexnord Ele. 33.95 32.15 Skp Secure. 50.05 50.05 Zenith Healt [1] 2.22 2.33
Tuni Textile [1] 0.20 0.19 Viaanindus [1] 7.41 7.57 Zenlabs 54.85 57.65
Ael [5] 11.74 11.54 Bl.Chip Tex 97.00 104.65 Duroply 83.30 83.50 Harya Capfin 44.45 42.50 Jupiter Info 60.65 60.45 Maxheights 18.50 18.30 Overseas Syn 3.70 3.72 Riba Textils 87.20 85.70 Sky Indust. 32.45 33.00 Tuticorin. 4.46 4.51 Victor Mil [100] 2400.00 2400.00
Aiil 19.05 18.60 Bla Ros Ind [1] 46.80 45.75 Dutron Poly. 115.05 112.50 Hathway Bhaw 3.87 3.87 Jyoti Ltd. 10.48 10.89 Maximaa Sys[2] 4.26 4.25 P.G.Foils 81.80 79.75 Richa Ind 1.48 1.48 Smruthiorg 145.90 145.00 Zenotech 20.65 21.25
Tvf2g 7.60 8.10 Vijay Textil 27.15 27.25 Zf Steering 718.85 717.70
Ainfra [5] 24.95 25.05 Bloom Dekor 14.49 15.00 Dynamic Ind. 79.55 82.75 Hawaeng 35.35 36.80 Jyoti Resins 96.70 102.00 Mayukh 11.99 11.97 P.Polysac(Nr 40.45 38.45 Ridhi Sidhi 325.00 330.00 Smslife 575.20 551.90 Twinstar Sof 1.53 1.60 Vikas Wsp [1] 18.44 17.52
Ajanta Soya 19.25 19.90 Bnaltd 155.90 159.95 Dynavision 50.00 52.50 Hawkins Cook 3074.85 3080.40 Kabra Drugs 0.54 0.56 Mcloud 29.35 25.95 Pact [1] 1.72 1.72 Risa Intl [2] 0.53 0.53 Snl Bearings 311.15 315.00 Zimlab 126.50 125.20
Tyche Inds 69.85 69.00 Vikasprop [1] 11.44 11.66 Zodiac Ven [1] 43.50 42.65
Ajcon Global 30.00 31.50 Bnk Capital 85.30 85.50 Eastern Tred 45.80 43.00 Haz Mul Pro [4] 0.46 0.46 Kabsons Indu 4.00 3.90 Medi Caps 16.67 16.55 Padmaind 104.75 109.05 Rishabh Digh 35.40 35.70 Solara 419.10 419.05 Tyroon Tea 31.75 31.75 Vikram Therm 75.00 75.00
Ajil 83.65 82.00 Bnl 7.75 8.10 Ecoplast Ltd 106.45 102.95 Hb Estate De 18.00 19.74 Kachchhmin 1.90 1.90 MediaMatrix [1] 4.89 5.31 Padmalaya Te 1.93 2.02 Rishi Laser 20.55 21.00 Solid Cont. 9.49 9.96 Udaip Ceme [4] 14.20 14.27 Vinayak Pol 7.77 7.39 Group T
Akashdeep 44.50 44.50 Bodhtree 40.30 40.60 Ecs 3.15 3.15 Hb Leas.Pub 2.05 1.95 Kaira Can Co 982.80 997.30 Medicamen Bi 475.70 484.90 Pana Energ 197.20 198.10 Rishiroop 53.45 56.00 Solitair Mc 32.50 33.25 Udayjew 71.60 75.00 Vinyoflex Lt 25.50 24.40
Akspintex 29.75 31.20 Bom.Cycle 1800.00 1805.00 Edsl 0.38 0.38 Hb Portfolio 24.85 25.30 Kallam [2] 16.05 16.30 Medinova Dia 26.55 26.05 Panafic [1] 0.54 0.52 Rishitech 40.15 38.85 Solix Techno 133.00 132.00 Udl [2] 22.00 21.55 Vipulorg 177.35 180.10 Agiil 66.00 62.70
Alexander 12.75 12.40 Bp Capital 14.20 14.26 Elango Indus 3.68 3.50 Heof1126rg 10.00 9.97 Kamadgiri 80.80 84.90 Mega Corpn. [1] 0.34 0.34 Panch.Steel 38.15 38.80 Rit Pro Ind 13.05 13.21 Somdatt Fin 3.20 3.20 Ugrocap 166.40 181.90 Virat Crane 27.80 28.00 Bellacasa 142.30 135.20
Alfa Transfo 24.00 25.20 Bplpharma 230.00 220.00 Elantas 2392.60 2395.00 Hhof1140rd 8.17 8.55 Kamaholding 5934.75 6018.45 Meglon 4.04 3.85 Pankajpiyus 48.00 47.00 Ritesh Inter 5.70 5.70 Sonal 7.65 8.03 Ultracab 52.05 49.65 Virat Indus. 62.90 58.80 Ceinsystech 104.90 106.00
Alka Secur. [1] 0.19 0.19 Brahm Infra 20.00 21.00 Eldeco Hous. 1504.05 1503.95 Hhof1140rg 8.48 8.55 Kaman Hsg 10.90 10.36 Mel 4.96 5.20 Panth 68.60 69.60 Rmchem [1] 1.88 1.85 Sourcentrl 43.05 43.75 Ultramarine [2] 247.20 262.70 Virgoglob [4] 4.15 4.07 Funny 0.77 0.76
Allied Comp 0.49 0.49 Brawn Bio 36.90 37.15 Elegant Marb 108.85 108.00 High Energy 240.70 233.50 Kanchi 320.80 314.55 MenonPiston[1] 20.10 20.20 Parinfra 3.78 3.71 Rmgalloy [6] 15.00 14.50 South.Magnes 31.35 32.90 Umiya 7.31 7.31 Virinchi 79.60 82.30 Glosterltd 970.00 924.05
Alps Motor [1] 1.17 1.19 Brijlaxmi Le 3.21 3.15 Elixir 35.85 35.80 Him.Fibres [1] 2.49 2.58 Kancotea 36.50 37.70 Mercantile 5.24 4.98 Parle Softwr 13.36 14.02 Rodium 123.55 126.00 Spectra Ind. 5.16 4.95 Uni Abex 420.00 435.00 Virtual Glo [1] 0.27 0.28 Hind.Fluroca 16.15 15.35
Alu Fluoride 127.75 134.10 Btsyn [1] 16.70 16.70 Elpro Inter [1] 48.05 46.35 Himtek [2] 137.75 140.20 Kanelind 2.21 2.10 Mercurylab 323.00 339.00 Parnaxlab 31.85 33.70 Roopa Indus 10.44 10.94 Spel Semicon 7.20 7.30 Uni Royal In 9.80 9.60 Vishal [5] 255.25 280.20 Jaibala Ind 27.00 28.35
Amal Product 101.35 106.50 Bull 141.90 148.05 EmamiPaper [2] 169.50 172.00 Hind Alumin 76.40 72.30 Kanpur Plast 116.10 115.20 Mescon 13.75 14.15 Pas.Acrylon 16.11 17.27 Roto Pumps [2] 101.30 100.20 Spencer [ Union Qualit 49.65 48.70 Vision Corpo 1.30 1.24 Karnavati 31.60 31.60
Ambition 19.88 18.90 Calcom Visio 30.60 30.40 Emerald 12.05 11.45 Hind Mills 315.90 324.00 Karan Woo­Sn 2.86 2.72 Metroglobl 53.15 54.25 Pasari Spin 4.00 4.00 Royale Manor 10.51 10.41 Unique Organ 7.30 7.50 Vista Pharma[2] 19.75 20.15 Kushal [2] 31.35 32.90
Amco India L 23.00 21.85 Camex Ltd 30.50 31.85 Eml 2.37 2.33 Hind.Everest 54.95 52.50 Kavitind 37.70 41.05 Mid India In 0.31 0.32 Patel Airtem 99.00 100.20 Rsdfin 41.35 40.00 Lancer 75.50 77.30
Unistar Mult 2.85 2.73 Vivid Ind [5] 39.95 40.30
Amines&Plast [2] 34.00 33.25 Camsonbio 7.28 6.92 Empire Ind. 908.20 910.40 Hind.Foods 400.30 399.90 Kay Pow Pap 2.93 2.93 Midval Ent 2.18 2.14 Patidar 2.81 2.80 Rts Power Co 38.20 37.85 Mah.Ras.Apex 116.95 119.60
Unisys Soft. 8.35 8.19 Vivo Bio Tec 53.70 55.40
Amintan [1] 1.58 1.51 Caprihans 61.00 60.05 Empower [1] 0.19 0.19 Hind.Tin Wrk 53.45 54.50 Kaycee Ind[100] 3140.50 3270.90 Mil 120.05 117.65 Paushak Ltd 2114.65 2027.95 Rubfila Int. [5] 40.75 41.35 Mstc 0.00 114.20
Unitech Inte 6.01 6.23 Vkjinfra [1] 0.35 0.36
Amrapali Ind [5] 4.01 3.99 Captain Poly [2] 25.90 26.15 Enkei Wheel [5] 395.00 401.40 Hindhard 110.00 110.00 Kcp Sugar In [1] 16.45 16.60 Milkfood 294.20 295.90 Pazel [1] 1.38 1.36 Rubra Medica 3.01 2.86 Parvati [5] 3.70 3.64
United Drill 113.00 112.35 Vms Industr 18.00 17.30
Amrit Corp 790.05 791.00 Carnation In 9.61 9.50 Envain Elect 37.95 39.80 Hindu.Adhesi 72.50 73.95 Keerthi 63.55 60.65 Minaxi Text. [1] 0.79 0.82 Pbm Polytex 80.80 78.65 Rungta Irrig 19.10 20.05 H
Univ.Prime 3.58 3.75 Voith Paper 834.00 834.50 Rudra 132.00 128.65
Andhra Petro 54.80 54.65 Ccl Inter 10.20 9.70 Epic Energy 8.50 8.34 Hitechwind 17.45 18.00 Keltech En. 786.95 803.35 Mishtann [1] 62.15 63.35 Pcs Tech 9.64 9.36 Ruttonsha In 38.05 39.00 D C m
Univ.Starch 45.55 47.30 Vora Const. 55.65 54.65 Scooters Ind 33.20 33.10
Andrew Yule [2] 18.85 19.10 Cenlub Indus 65.30 63.75 Esaar (I)Ltd 1.30 1.32 Hitkit Glob [2] 0.19 0.19 Kemistar 32.50 34.00 Mitshi 30.30 31.80 Pee Cee Cosm 100.80 98.00 S.I.Paper 82.00 82.50
Anjani Synt. 16.35 16.35 Centenial Su 52.00 49.40 Escort Finan 3.19 3.04 Hittco Tools 4.00 4.20 Kemp & Co. 655.55 625.00 Miven Machin 8.46 8.05 Pentamed.G [1] 0.50 0.48 S.R.Indus. 4.77 4.54 Upasana Fin. 59.00 59.85 Vrl 36.55 37.10 Starlit 11.49 11.30
Anjanifoods 7.83 7.52 Cescventure 603.00 623.15 Essar Secu 1.90 1.90 Huil 661.00 661.10 Kennametal 1090.25 1071.80 Mkexim 13.91 14.15 Pentokey Org 12.50 13.10 Saboo Bros. 12.02 12.60 M Upsurge Inv. 18.98 19.75 Vyapar Inds 29.40 28.70 Vivanta 5.13 4.88
Anka India 17.50 17.50 Cg­Vak Softw 43.00 42.40 Etil 9.44 9.27 Icici500 152.55 154.45 Kerala Ayur 64.90 66.80 Modella Wool 10.92 10.92 Perm Magnets 153.30 161.60 Saboo Sodium 7.90 7.79 m
Ansal Build. 47.45 46.90 Chalet 339.85 337.80 Everest Org. 167.00 162.80 Icicimcap 67.22 68.36 Kesar Petro [1] 10.02 10.06 Modern Dairi 5.39 5.13 Pfl Infotech 7.98 7.59 Sacheta Met. 19.60 19.15 NSE Trade for Trade
Anuh Pharma[5] 135.05 135.20 Chamanla Se[2] 85.40 84.25 Expo Gas [4] 4.77 4.70 Icicinv20 57.13 57.90 Kg Denim 48.05 48.90 Modex Int 54.95 52.00 Pharmasia 16.05 16.85 Sadhana Nitr[5] 338.10 331.65 C m
Anup 533.60 560.25 Chandra Prab 14.30 15.01 Facor Alloys [1] 1.96 1.90 Icicinxt50 [1] 28.14 28.50 Khaitan Che[1] 8.40 8.06 Modinatural 76.65 79.40 Phoenix Int. 16.50 15.70 Sadhna 14.25 13.55 C m P C C C m P C C C m P C C
Aplaya [1] 0.25 0.24 Charterlogis [1] 6.27 6.30 Fairdeal Fil 100.30 103.60 Icicisensx 405.57 409.04 Khod.India 67.70 68.65 Modison Met[1] 43.55 45.05 Phytochem I. 30.30 29.00 Safalhbs [1] 1.78 1.75
Apm Indus. [2] 41.60 40.80 Chd Dev Ltd [2] 6.60 6.60 Faze Three L 48.65 48.00 Icsl [1] 1.32 1.38 Kic Metaliks [2] 89.25 93.00 Mohit Paper 9.05 9.01 Piccadily Ag 10.00 10.00 Safari Ind. [2] 723.75 724.55 A & &C
Apollo Fin I 63.00 63.05 Chemb Chm [5] 305.05 319.70 Ferro Alloys [1] 4.33 4.28 Ifinsec 14.25 14.75 Kilburn Chem 27.10 25.90 Monarch 35.00 35.30 Piccadily Su 6.21 6.15 Sagarsoft 100.00 98.10 A M m
Apollopipes 360.90 397.10 Cheviot Co. 666.50 660.60 Ferventsyn 24.05 23.95 Ifinser 31.50 33.05 Kilburn Engg 46.55 44.00 Monotype In[1] 0.19 0.19 Pion Invest 30.15 30.20 Sagl 11.88 12.47 A O m M
Apollotri [2] 157.30 168.50 Choice Int. 66.10 69.70 Fiberwb In 32.05 32.00 Iisl 20.15 20.50 Kilpest (I) 75.80 75.50 Morgan Cru 1450.85 1430.05 Pioneer Agro 9.00 9.40 Sahara Housg 38.85 40.00 G A M
Apoorva 25.45 24.95 Choksi Imag 17.35 16.25 Filat Fash [5] 3.60 3.53 Imcap 21.75 21.25 Kimiabl [1] 37.30 35.55 Moschi Semi [2] 19.25 19.00 Pix Trans 172.80 176.05 Sahya Indu 183.35 181.65 A w w
Apple Financ 1.68 1.60 Choksi Labor 13.50 14.04 Finkurve [1] 39.75 37.95 Imec 1.90 1.90 Kinetic Eng. 40.15 39.20 Mpl 7.16 7.35 Pmcfin [1] 0.40 0.40 Sahyogmult 29.70 30.25 A m m
Aptl 1.00 1.05 Chordia Food 157.50 151.65 Fischer 55.90 58.65 Inani Marble [2] 21.35 22.55 Kingsinfra 20.50 20.50 Msl 58.25 56.85 Pml 1995.00 1987.65 Sainik Fin. 15.85 15.06 A C m KD
Apunka 16.01 16.81 Chowgule St 7.65 8.03 Fivecore [2] 2.09 2.05 Incap Ltd. 37.35 37.35 Kiran Vypar 102.35 102.95 Msr India [5] 11.95 11.50 Poel 37.95 36.90 Saint­Gobain 58.05 58.15 ANG M C m
Aquapiv 19.31 19.31 Cifl 130.05 135.00 Flex Foods 58.25 58.55 Ind Cem Cap 2.19 2.29 Kirl.Ferrous [5] 97.80 97.65 Mudra 3.50 3.67 Polo Hotels 5.04 5.01 Sambandam Sp 93.00 91.15 m A M & w
Architorg 13.52 12.70 Cil Securits 13.50 13.59 Florence 1298.45 1445.80 Ind.Acrylics 7.86 7.86 Kirlosar Pn [2] 196.75 205.00 Mukesh Babu 82.80 85.25 Polson Ltd. [50] 10677.35 10900.00 Samkrg Pist. 164.60 169.75 A H
Arfin 187.45 179.75 Cj Gelatin 8.50 8.30 Fluidomat 110.00 112.50 Ind.Bank Hsg 36.00 35.45 Kirloskar El 17.70 18.00 Mukta 14.60 13.90 Polychem 330.00 313.50 Sampre Nutri 29.50 28.05 A N D
Arihant Cap. [5] 60.25 59.85 Classic [1] 0.21 0.20 Fomento Hote 105.00 109.20 Ind.Toners 145.20 141.65 Kisan Mould. 47.75 45.40 Mul 257.50 257.35 Polylink Pol [5] 15.50 15.65 Samrat Pharm 66.40 74.65 H A H
Arnold Hold [2] 8.31 8.32 Cmi Fpe 1311.30 1338.80 Foods & Inns [1] 179.25 180.75 IndaRubber [2] 105.00 106.80 Kjmc Fin. 22.60 22.10 Multibase I 394.40 383.30 Polymech.Mch 33.00 32.00 Samtex Fash [2] 1.50 1.46 D m A K
Artemis [2] 57.90 60.80 Cmm Hospital 12.36 11.75 Forbes & Co 2187.15 2197.25 India Gelat. 89.00 85.85 Kkalpanaind [2] 18.65 19.45 Mys Petro 73.60 72.15 Polyspin 145.00 145.00 Sanco Trans 215.10 215.00 C A
Artson Eng [1] 39.00 39.50 Cni Res Ltd [1] 1.92 1.97 Force Motr 1706.60 1700.05 India Home 69.00 68.50 Klifestyle [1] 0.19 0.19 Mysticele 3.84 3.77 Poona Dal 25.90 25.15 Sandu Pharma 22.00 21.80 A wG C M C
Arunahtel 7.90 7.75 Coast Corp 296.20 311.00 Fortis Mlr 55.10 55.00 India Niveh [1] 69.50 66.70 Kmc Shil [1] 15.33 15.42 N.D.Metal 26.35 25.05 Porwal Auto 29.55 29.00 Sandur Mang. 979.35 951.60 A
Arvindfasn [4] 1020.15 1046.65 Cochin Min. 185.25 186.70 Franklinind 11.55 12.12 Indian Info. [1] 0.19 0.19 Kocl 0.38 0.38 N.G.Ind.Ltd. 64.25 64.15 Pqif 95.00 90.40 Sangal Paper 146.10 147.10 C A m K m
Ashari 8.07 8.22 Colinz Labor 6.85 6.51 Fredun 433.85 423.10 Indian Sucro 17.95 17.10 Konark Syn. 13.34 12.68 N.R.Agarwal 315.10 312.45 Pradeep Met. 69.85 69.90 Sanguine Md 0.19 0.19 A mC m K
Ashfl 60.50 60.00 Colorchips 101.35 100.95 Freshtrop Fr 154.90 153.30 Indicap 41.50 39.00 Kotak Sensex 389.00 395.00 Nagpur Power 37.00 37.25 Pradhin 77.00 80.00 Saninfra 36.80 38.60
A C K N w
Ashiana Isp. 27.60 26.25 Com Fincap 14.55 14.50 Front Buss [5] 5.85 5.85 Indo Amines 93.40 94.10 Kotaknifty 118.49 119.10 Narayani 30.50 30.40 Prag Bosimi 3.08 3.01 Sanjivani Pa 4.60 4.83
V K
Ashirwa Cap [1] 3.31 3.42 Comfort Com 3.98 3.76 Front Sec [5] 37.65 37.90 Indo­City In 4.30 4.30 Kothari Ferm 64.95 67.20 Narbada 62.85 61.05 Preci Contnr 0.19 0.19 Sankhya Info 70.55 69.85
G K M m
Ashish Poly. 9.01 8.56 Comfort Inte 7.15 7.08 Frontier Spr 239.25 244.55 Indoboraxc 403.75 419.00 Kpel 190.25 201.00 Narmada Gel 127.85 127.15 Prem Pipes [5] 11.25 11.47 Santoshind 313.00 328.65
Ashnoor Tex. 15.00 15.75 Commex Tec[2] 0.36 0.36 Fut Sol 34.35 35.90 Indokem Ltd. 11.88 11.60 Krettosys 7.65 7.80 Nat Plastic 34.50 34.50 Premco Glob. 140.85 141.00 Sapl 279.00 283.00 m K
Ashok­Alco 53.70 55.00 Competent Au 171.00 174.30 G.G.Dandekar [1] 57.15 60.35 Indraind 27.00 28.35 Krishna Ven 5.00 5.25 Nat.Peroxide 2758.85 2817.05 Premier Syn. 21.05 20.85 Sappl 218.85 218.00 m
Asian Oilfie 65.05 64.75 Conart Eng. 27.10 28.40 G.S.Auto Int [5] 7.39 7.30 Indrenew 20.05 20.15 Krishnacap 5.42 5.42 Nat.Plastic 35.30 35.50 Prerna Infr 17.85 17.85 Sat Ind Ltd [2] 25.90 25.70 C m M
Asian Tea 7.70 8.07 Concord 20.20 21.05 G.V.Films [1] 0.45 0.47 Indsil Hyd 62.30 62.00 Kriti Nutri [1] 30.00 30.65 Nat.Plywood 31.00 31.95 Prima Plasti 93.85 98.20 Satia 615.00 626.10 G C M A
Asiil [1] 15.00 14.35 Confi Petro [1] 38.15 38.80 Gagan Polyco 1.72 1.72 Indus.&Prud. 1011.00 1011.10 Krypton Ind 15.26 14.63 Nateco 10.80 10.80 Prime Prop [5] 22.25 22.95 Satprop Ltd [2] 2.37 2.33 m w m M A C H H
Asm Technolo 107.80 104.80 Confint 0.49 0.50 Gajra Bevel 0.59 0.61 Inn.Tech.Pac [1] 27.50 28.40 Kuantum 478.35 488.55 Natfit 116.85 113.05 Prime Urban [2] 9.53 9.06 Sauras.Cem. 45.05 47.55 mG M D m C
Asso.Alcohol 245.00 260.85 Conti.Contrl 3.92 3.98 Galadafin 11.62 11.04 Inno Invest 8.31 7.73 Kulk­Power [5] 62.60 62.60 Nath Pulp 63.25 63.00 Prism Medi 35.45 37.00 Saven Techn[1] 23.60 22.45 M m C
Asyainfo 3.31 3.25 Contil I Ltd 6.98 7.00 Ganesh Benz[1] 47.90 47.75 Insilco Ltd. 19.45 18.70 Kunststoffe 28.85 28.00 Natural Caps 64.00 65.00 Pritikauto 149.50 165.40 Sawaca Busi 1.76 1.79 C M N
Atharv Ent 1.82 1.81 Coral Lab. 317.55 316.30 Garnet Const 12.96 12.80 Int.Conveyor [1] 30.55 26.60 Kusum Elect. 4.32 5.18 Navkar Build 19.80 20.50 Priya Ltd. 38.80 40.00 Sayajiind [5] 287.00 280.00 w C CO M M
Athenaglo 43.00 45.00 Corpor Cour 11.50 11.25 Garnet Intl 53.00 53.00 Integ.Tech. 1.52 1.46 Lactose(I) 32.60 34.20 Navketan 0.35 0.34 Pro Fin Cap. 113.35 107.70 Sbfl 6.77 6.51 w C m M U
Atishay 69.00 71.00 Cosboard Ind 5.01 4.76 Garware Poly 218.15 217.70 Integra Eng [1] 54.00 53.95 Ladderup Fin 27.60 27.60 Ncl Research [2] 0.33 0.33 Promact 6.50 6.50 Sbisensex 404.35 403.32 w C M m
Atv Projects 6.50 6.40 Cosco India 169.60 167.55 Gayatri Bio 2.20 2.10 Inter.Combus 253.90 252.30 Lahoti Over. [2] 20.70 20.50 Neoinfra 25.00 23.75 Ptcil 419.00 400.10 Scanp Geom [2] 31.60 30.65 w D M A C
Aundefaze 20.10 20.05 Cosyn 41.95 43.30 Gayatri Sugr 2.67 2.65 Inter.Travel 137.45 138.75 Lakshmi Elec 532.10 532.00 Netlink Solu 10.39 9.88 Ptil 394.00 394.60 Scanstl 37.05 38.15 w V D M MC w
Auro Lab. 59.30 59.45 Coventry Coi 1.61 1.53 Gbfl 0.91 0.91 Invest &Prec 290.00 290.60 Lakshmivilas 64.10 70.50 Netripples 10.29 10.80 Pun.Alkali 57.35 58.50 Scbl 6.25 6.12 w A M
Auroma Coke 12.75 12.70 Covidh 0.55 0.57 Gblil 18.85 18.50 Ion Exchange 401.00 398.05 Lancor Holds[2] 16.75 16.65 Nettlinx Ltd 38.45 37.75 Pun.Communi. 18.10 17.45 Sdl 26.75 27.95 w G m M C N m
Avantel Ltd 228.00 225.35 Cravatex 290.05 284.60 Gee Ltd [2] 33.65 35.00 Ipru3018 9.20 9.40 Landmarc Lei[1] 0.33 0.34 Newlight 38.10 38.70 Purohitcon 5.82 6.11 Seasons Text 8.80 9.24 w & m D N K
Avonmore 14.40 14.50 Creative 357.00 350.00 Geetanj 1.38 1.44 Ipru3034 8.12 8.93 Lawreshwar 29.00 29.95 Nexuscommo 15.90 15.60 Purshottam 10.23 10.30 Seil 125.00 122.85 N M A
Axel Polymer 14.25 13.59 Cressanda So[1] 0.30 0.29 Gencon [5] 138.85 139.35 Ipru3095 8.79 8.90 Laxmi Autolm 44.10 43.20 NglFine Chm [5] 460.00 469.75 Pvvinfra 18.44 19.00 Sel 13.72 13.72 C Om C m N
Axonvl 1.31 1.31 Crowntours 23.10 23.00 Gennex Lab [1] 3.07 3.11 Ipru3168 8.45 8.45 Lee&Nee Soft 1.29 1.33 Nhcfoods 5.30 5.20 Pwasml 31.85 30.10 Setfsn50 333.90 334.00 m M O C A H
Axtel Indus. 120.75 126.75 Cslfinance 302.00 306.85 Genpharma 150.15 156.05 Ircon 397.05 401.45 Leshaind 12.19 12.19 Nicco Parks [1] 29.50 28.30 Qfsl 0.21 0.21 Seyaind 464.25 457.95 m C O G V V ON
B.N.Rathi Se 22.25 24.00 Ctl [1] 3.80 4.05 Ggpl [5] 65.50 65.75 Irismedia [5] 42.10 41.95 Libord Fin 10.10 10.35 Nihar Info 11.00 10.45 Quadrant [1] 0.40 0.38 Sh.Hari Chem 30.45 29.80 m M O C mm U A
Baba Arts [1] 3.80 3.70 Cybele Ind 14.00 13.75 Gini Silk Mi 60.00 59.90 Isec [5] 242.65 242.50 Libord Sec 8.00 7.60 Nikhil Adhsv 126.45 126.00 Raasi Refrac 7.36 7.22 Sh.Karthik P [5] 10.33 9.93 m C G D V H
Baid Leasing 71.90 71.95 Cybermate [2] 1.89 1.83 Glance Fin. 43.90 43.90 Isgec [1] 569.15 605.00 Licnetfsen 409.99 382.05 Nilaspaces [1] 2.37 2.48 Raclgear 69.00 68.85 Sh.Pacetron. 12.25 12.86 & G G A V m O&
Bajaj Steel 268.65 266.60 Dai­Ichi Kar 209.65 205.85 Globus Con 7.87 8.26 Ishan Dyes 33.55 33.75 Lime Chem. 35.60 35.00 Nile Ltd. 331.75 343.95 Radhe Devlop 12.01 12.10 Sha Eng Pla 717.10 718.25 G V U
Balmer La.In 387.60 389.30 Daikaffil Ch 37.65 37.30 Gmetcoal [100] 13.20 12.71 Ishita Drugs 14.65 14.65 Link Pharma 24.60 24.90 Nimbsproj 13.10 13.10 Radhey 14.70 14.90 Shailja 18.45 18.95 G W
Balurghat Te 4.92 4.75 Dalal St Inv 300.20 306.20 Gnrl 9.49 9.57 Ist Ltd. 531.00 525.05 Lippi System 11.50 11.70 Nimbus Food [1] 0.65 0.66 Radiocity [2] 60.45 58.85 Shalib.Finan 87.00 91.00 G N m W
Bambino Agro 196.70 196.50 Danlaw Tech. 91.00 92.40 Godavari Dru 22.30 23.35 Itl Industrs 161.40 160.60 Lkp Fin 124.25 123.10 Nimbus Ind. [5] 2.16 2.16 Raghunath In 3.29 3.17 Shalimar Wir[2] 15.20 15.10 w m G m W
Bampsl Secur 1.24 1.30 Danube 4.77 4.95 Gold Line [1] 5.93 5.64 Iwp [2] 83.00 82.40 Lkpsec [2] 8.83 9.05 Niraj Cement 19.25 17.40 Raghuvir Syn 214.00 219.00 Shangar 23.50 23.35 m C H
Baroda Extr. [1] 0.32 0.31 Darjeeling 90.20 90.25 Goldcorp 62.00 59.95 J.R.Foods 18.45 17.90 Llficl 53.20 52.55 Nirav Commer 248.90 237.15 Raj Glo Wir 673.60 665.00 Shantanu She 1.44 1.42 A H M m
Baron Info. 0.19 0.19 Deccan Polyp 2.75 2.87 Golden Lamin 749.85 785.35 Jackson [1] 0.21 0.20 Lloyds Met E [1] 12.32 12.46 Nirlon 205.00 204.20 Rajkumar Frg 38.45 38.45 Shardul Secu 56.65 53.85 w H m

CM . .. . . . . ...CH­CHE
YK
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
12 NEWS
TN set to regain top slot in clean Mumbai airport runway repair cost ₹25 crore
energy with fresh capacity addition
Karnataka leads the
States with capacity
of 13,042 MW
G BALACHANDAR
Chennai, March 29
Tamil  Nadu  may  regain  the
top slot in total installed ca­
pacity  in  renewable  energy
as  the  state  has  bright  pro­
spects  for  capacity  addition
in  wind  and  solar  sectors  in
the  coming  year.  Last  year,
Karnataka  had  toppled
Tamil Nadu.  come  in  Tamil  Nadu,  while
Karnataka  is  the  top  State
with  a  total  installed  capa­
city of 13,042 MW as of Janu­
ary, 2019, while the same for
Tamil Nadu is 12,125 MW.  the  Ministry  of  New  and  Re­
Tamil  Nadu,  however,  is
the  leader  in  wind  capacity,
while  Karnataka  occupies
the top position in the solar
segment.  of  8,466  MW,  while  Karnata­
Helped  by  faster  installa­
tions in the solar sector and
significant  improvement  in
wind  capacity,  Karnataka
has risen to the top position
from  the  fifth  rank  about
four years ago. According to
Govt ropes in US institute to
train youth in technology  development centre in Hyderabad soon
OUR BUREAU
New Delhi, March 29
The  Common  Services  Cen­
ters  (CSC),  under  the  Min­
istry  of  Electronics  and  In­
formation  Technology
(MeitY),  and  US­based  Insti­
tute  of  Electrical  and  Elec­
tronics  Engineers  (IEEE)  on
Friday  signed  an  agreement
to  help  upskill  a  wider  base
of learners in core technolo­
gies through Blended Learn­
ing  Programme  (BLP)  Certi­
ficate courses.
Digital India
Under  this  agreement,  the
IEEE will work with the CSCs
to train young professionals
in  skills  that  align  with  the
government’s  ‘Digital  India’
initiative,  which  will  create
jobs  in  the  emerging  fields
of  building/managing  data
networks, Internet of Things
(IoT).
“Through  this  partner­
ship  with  the  IEEE,  we  look
HRX apparel eyes overseas foray
ABHISHEK LAW
Kolkata, March 29
Hrithik  Roshan  co­owned  ap­
parel brand, HRX, is looking to
expand overseas. The company
is eyeing Canada, North Amer­
ica, the UAE, the UK and other
European nations. Test market­
ing started in Canada about a
month ago back and is expec­
ted  to  start  operations  are  ex­
pected to start in North Amer­
ica shortly.
Hrithik  and  Exceed  Enter­
tainment together own 49 per
cent in HRX while e­tailer Myn­
tra owns the remaining 51 per
cent  .  In  India,  HRX  retails
primarily  on  Walmart­owned
Flipkart and its on other entit­
ies,  including  Myntra  and  Ja­
bong.  The  portfolio  includes
apparels, footwear, accessories
and inner­wear.
Already profitable, the com­
pany is expecting to close the
current  fiscal  with  a  turnover
of ₹300 crore. Kamal Punwani,
Bonito Designs raises $6.3 m in pre­Series A funding
SANGEETHA CHENGAPPA
Bengaluru, March 29
Interior  designing  brand,
Bonito  Designs,  has  raised
$6.3  million  in  pre­Series  A
round funding led by Tomor­
row  Capital,  a  $100  million
early­stage  strategic  invest­
ment fund.  pleted 800 homes primarily
Bonito Designs will use the
fresh capital to extend its op­
erations,  ramp  up  produc­
tion  and  invest  in  R&D  to
build processes and delivery
know­how.  The  company
aims  to  raise  $15  million  in
Series A funding by the end of
next year.  our  dream  and  strengthen
“We  want  to  make  our
designs accessible to a larger
audience who currently have
minimal  options  from  the
services offered by the unor­
ganised players. Our vision is
simple — providing designer
home solutions to customers
as per their preferences and
CM
YK
The overall capacity addition in the wind power sector is expected
to be 2,300 MW in 2019
newable  Energy  (MNRE),  in
September 2015, Tamil Nadu
was the leader in renewable
energy  with  a  total  capacity
ka’s capacity was 4,606 MW.  For  Tamil  Nadu,  wind  re­
Of  the  total  renewable  ca­
pacity  of  13,042  MW  of
Karnataka, solar segment ac­
counted  5,323  MW  (which
includes  5,175  MW  in
ground­mounted  capacity
to  strengthen  our  offering
in  the  eLearning  space  for
learners  across  the  country,
who  will  all  benefit  from
our  last  mile  reach.  We  ex­
pect  the  learners  to  be  able
to  improve  their  chances  of
getting hired in the respect­
ive  new­age  domains  of
technology,”  said  Dinesh
Tyagi,  Chief  Executive  Of­
ficer, CSC.
All  BLP  certificate  pro­
grammes  are  developed  in
conjunction  with  industry
leaders  and  are  duly  vetted
by  the  IEEE  peer  review  pro­
cess by experts to ensure the
programmes are world­class
in  content  and  learning  ex­
perience.  in Hyderabad.  Mindi Cox, Senior Vice­ pres­
“IEEE  BLP  aims  to  upskill
one­lakh  young  profession­
als  in  the  areas  of  techno­
logy  such  as  the  IoT  and
building  Wi­Fi  community
networks,”  said  Harish
Mysore, Senior Director IEEE
India Operations.
Kamal Punwani, Chief Strategy
Officer at HRX
chief strategy office, HRX, said
the company will look to lever­
age  the  Walmart  network  for
its overseas foray. Currently, the
brand  will  be  sold  overseas
through  Walmart’s  online
channels.  which  are  being  worked  out.
“We are planning to expand
overseas  targeting  primarily
the Indian diaspora in markets
like  Canada,  North  America,
the  UAE,  Far  East,  the  UK  and
other  European  nations.  Test
marketing has begun,” he told
BusinessLine. HRX is one of the
Sameer AM, founder and CEO,
Bonito Designs
requirements and more. This
funding  will  help  us  realise
Bonito’s  foothold  in  the  in­
dustry.  Thanks  to  Tomorrow
Capital,  we  have  more  fire­
power to improve our digital
infrastructure  and  expand
our  product  base,”  said
Sameer AM, founder and CEO
of Bonito Designs.
The  company  offers  be­
and  154  MW  in  rooftop  cat­
egory),  followed  by  wind
power  at  4,683  MW.  Small
hydro,  co­gen  power  and
bio­power accounted for the
rest.
mains  the  major  segment
with  a  total  installed  capa­
city  of  8,764  MW,  while  in
the solar segment the state’s
installed  capacity  is  2,233
MW  (includes  2,098  MW  of
OC Tanner planning to strengthen tech
V RISHI KUMAR
Hyderabad, March 29
Upbeat about its India oper­
ations,  OC  Tanner,  a  leading
employee  engagement,  re­
wards  and  recognition  ser­
vices  provider  to  multina­
tional  corporations  ,
isplanning to strengthen its
technology  development
centre in Hyderabad.
Global operations
OC  Tanner  started  its  India
journey  by  setting  up  its
marketing  and  sales  office
in  Mumbai  five  years  ago
and later established a tech­
nology  development  centre
“We  are  now  looking  to
build  on  the  platform  we
have  created  in  India.  Apart
from  serving  our  multina­
tional  corporate  clients,  we
have  added  more  than  20
companies  to  our  services
portfolio in India. We expect
largest  homegrown  active­
wear  brands  and  it  competes
with select offerings from Nike,
Adidas and Puma. Other Indian
active­wear  and  celebrity
brands  that  it  competes  with
include  ‘Shiv  Naresh’,  MS
Dhoni’s  ‘Seven’  and  Tiger
Shroff’s ‘Prowl’.  start­up  summit  at  the
The  size  of  Indian
sportswear  and  active­wear
market  was  pegged  at  at
₹37,000 crore in 2016, accord­
ing to sources. The industry is
expected to grow at a CAGR of
11.3 per cent till 2021,
HRX, aAccording to Punwani
said HRX is planning to expand
offline  in  India,  modalities  of
“By the end of 2019, our brick
and  mortar  stores  should  be
ready,” he said.
The brand is also interested
in  exploring  adjacencies.  Re­
cently,  it  picked  up  equity  in
the  health  and  wellness  start­
up Curefit.  problems  demands  a
spoke interior design services
across  the  country  and  ex­
ecutes  turnkey  projects  for
new homes in Bengaluru and
Hyderabad.  The  company
caters  to  both  luxury  and
budget  homes. It  has  de­
signed 1,200 homes and com­
in Bengaluru with a few pro­
jects in Hyderabad and Kash­
mir  too.  The  company  is
clocking  ₹14  lakh  –  ₹15
lakh  in  average  order
value at present and takes
between75 days (for 2bhk
homes) and 120 days (vil­
las, 3bhk homes) to deliver
a project to customers. 
Pointing  out  that  in­
terior designer market in
India  is  unorganised  in
most parts, , Sameer said
that with  new­age  cus­
tomers looking for quality
designs,  the  demand  for
organised companies like
ground­mounted  and  135
MW  of  rooftop  capacity).
Bio­power  and  bagasse  co­
gen  capacity  contributed
1,004  MW  and  941  MW  re­
spectively  and  small  hydro
123 MW of capacity.
A renewable  energy  con­
sulting  firm  Bridge  to  India
expects a total capacity addi­
tion  of  15,860  MW  in  the  re­
newable  sector  in  India  in
2019.
In  solar,  1,872  MW  of  new
solar capacity is expected to
Karnataka is expected to add
1,555 MW.  3,600  meters  long  and  60
Wind power sector
The  overall  capacity  addi­
tion in the wind sector is ex­
pected  at  2,300  MW  in  2019
and  almost  all  this  new  ca­
pacity  is  expected  to  come
up  in  Tamil  Nadu  and
Gujarat.
With  a  favourable  out­
look,  Tamil  Nadu  may  add
much  higher  capacity  than
Karnataka  and  regain  the
top  position  among  the
States .
Mindi Cox, Senior vice- president,
People and Great Work,
OC Tanner
this  number  to  go  up,”  said
ident,  People  and  Great
Work, OC Tanner.
During  an  interaction
with BusinessLine, Mindi Cox
was upbeat about India and
said,  “We  have  had  great
success  in  India  since  we
began  operations  with  the
IIM-Kozhikode
hosts tech summit
OUR BUREAU
Kochi, March 29
IIMK  Live,  an  Entrepren­
eurship  Development
Centre of IIM Kozhikode,
hosted  a  technology
campus.  operation are the keys to
It was aimed at bring­
ing  technology  and  en­
trepreneurs  together  to
contribute  to  an  ecosys­
tem  where  innovation
makes a national impact
and benefits society.
Debashis  Chatterjee,
Director, IIM Kozhikode,
in his inaugural address
said,  “Focussing  on  pur­
pose  and  realising  pos­
sibilities become critical
for innovations to make
impact. Technology is an
important  tool  but  ap­
plying  it  to  solve  larger
Bonito  is  on  the  rise.  While
Bengaluru will be its initial fo­
cus, the company is also eye­
ing  markets  in  othercities
such  as  Mumbai,  Pune  and
Hyderabad.  cus on design and customer­
Rohini Prakash, CEO of To­
morrow  Capital,  said  that
Bonito  Designs  uses  a  pro­
cess­driven delivery model to
provide  unique  design  solu­
Set to resume
operations from
March 31
FORUM GANDHI
Mumbai, March 29
The repair works of a runway
at Chhatrapati Shivaji Interna­
tional  Airport  (CSIA)  cost
Mumbai International airport
Pvt Ltd (MIAL) ₹23 ­ ₹25 crore.  can deteriorate the condition
MIAL  on  February  7  an­
nounced  the  partial  shut­
down of a runway to recarpet
an intersection area. This run­
way is now set to be fully oper­
ational  after  almost  two
months from March 31.
The  airport  has  two  run­
ways;  the  main  runway  is
meters  wide  and  the  second
runway  is  2,990  meters  long
and  45  meters  wide  with  a
cross­shaped 50,000 sqmt in­
tersection  where  the  repair
work was carried out.
MIAL  carried  out  the  reca­
peting  of  the  top  two  layers
which  was  four  inches  thick.
Over  600  people  worked  for
six hours on three days a week
across  22  days.  The  last  time
MIAL had carried the recarpet­
ing of this intersection was in
2009­10. Around 275 Aeronaut­
marketing  and  sales  office
in  Mumbai.  And  then  the
setting up of the Technology
Centre in Hyderabad has ad­
ded  to  our  global
operations.”
Recruitment
Cox  said  “for  two  openings,
about 600 people had taken
part.  We  are  in  India  for
such a large base of skill and
talent  and  their  dedication
and commitment.”
“One  of  the  keys  to  suc­
cess  in  our  India  operations
#3585
is  the  leadership  team.  This
has  contributed  to  the
growth  of  the  Indian  opera­
tions,” she said.
“Our  clients  use  OC  Tan­
ner’s  Culture  Cloud  suite  of
apps and solutions to retain,
engage,  and  attract  talent,
bond  teams,  drive  innova­
tion,  and  communicate
company  values,”  she  ad­
ded.  applications.
keen  observations  of
people.” He said, “At IIM
Kozhikode,  we  have  al­
ways eyed national prob­
lems  to  find  innovative
solutions.”
“Collaboration and co­
a successful  innovation
ecosystem. Silicon Valley
model cannot just be fit
but has to be adopted for
India.  This  event  is  a
testimony to how we at­
tempt  to  bring  various
stakeholders  on  a  plat­
form  for  the  benefit of
entrepreneurs,”  said
Keyoor Purani, Executive
Director of IIMK LIVE,
Saji Gopinath ofKerala
Start­up  Mission  and
Jitendre  Minhas  of
IAMAI  Startup  Founda­
tion  also  spoke  at  the
summit.
tions.  She  said,  “The  brand’s
philosophy  –  ‘everyone  de­
serves  a  designer  home’  is
what  caught  our  attention.
We are confident that their fo­
centric  approach  will  help
them  become  the  undis­
puted  leader  in  the  interior
designing  landscape  of
India.”
According to a MIAL spokesperson, tyre bursts, weather conditions
and rubber deposits can deteriorate the condition of the runway
ical  Ground  Lightings  (AGL),
which act as a guide light for
the pilots on the runway, were
removed for repairs and refit­
ted afterwards.  leaves the maximum quantity
Money matters
According  to  a  source  in  the
know, “The recarpetting of the
intersection cost the company
approximately ₹18 ­ ₹20 crore
along  with  another  ₹3  ­  ₹5
crore to remove and refix the
AGLs  on  the  runway.”  MIAL
spokesperson declined to con­
firm the amount spent.
An  MIAL  spokesperson  on
Thursday  said  that  it  was  im­
“Our  rewards  and  recog­
nition  platform  Greatwork
has  an  app  and  a  website
version  that  is  Android  and
iOS­enabled.  lysing  comments  and  sug­
The India team researches
and  maintains  this  app  for
all  existing  and  new  clients
in  India  and  across  the
globe,” she said.
The  Android  version  of
the  Greatwork  app  is  de­
veloped  in  India  where  as
the iOS version is supported
by the US team.
Engineering support
The  specialised  software  de­
velopment  centre  provides
support  to  global  teams  in
professional  service  engin­
eering  for  large  enterprise
clients, and works on the de­
velopment  of  Android­
based  applications  and  test
engineering  support  for  ex­
isting  customer
portant  to  recarpet  the  inter­
section to increase its lifespan.
This  gives  the  section  of  the
runway an additional 10 years.
Impact of shutdown
The  runways  were  shutdown
for  six  hours  on  Tuesdays,
Thursdays  and  Saturdays
between 11 am and 5 pm. On an
averge,  950  flights  are  oper­ pairs,  these  are  already  taken
ated on a daily basis, of which,
230  flights  were  re­scheduled
or cancelled. The shutdown of
the  runway  impacted  about
0.7 to 0.8 per cent of the entire
operation throughout  the
year,  the  source  added.  Ac­
DPIIT examining comments
on draft e­commerce policy
PRESS TRUST OF INDIA
New Delhi, March 29
The  Department  for  Promo­
tion of Industry and Internal
Trade (DPIIT) has started ana­
gestions received from stake­
holders on the draft national
e­commerce policy .
Sources said the DPIIT does
not  intend  to  extend  the
deadline  that  ended  on  Fri­
day  for  sending  comments
on the draft policy. Earlier, on
the  request  of  stakeholders,
the  department  had  exten­
ded the deadline from March
9 to March 29.
The process of formulation
of  the  final  policy  may  wait
till  the  new  government  as­
sumes  charge  as  it  requires
approval  of  the  Union
cabinet.
Earlier this month, the de­
partment had held consulta­
tions  with  stakeholders  on
the  policy,  wherein  parti­
cipants  had  raised  the  de­
CHENNAI
BusinessLine
SATURDAY • MARCH 30 • 2019
cording  to  an  analyst,  the  re­
scheduling of the flights along
with cancellations, must have
impacted  the  entire revenue
of the company as well. “This
will impact at least 3 per cent
of the revenues of MIAL.”
According  to  another  MIAL
spokesperson,  “The  runway
sees close to 1,000 flights a day.
There are several reasons that
of the runway, like tyre bursts,
weather  conditions  and  rub­
ber deposits. Each aircraft that
lands  on  the  runway  leaves
rubber deposits of approxim­
ately 3­15 kgs. This is due to the
friction  of  the  tyre  when  the
aircraft  lands  on  the  runway.
Depending  on  the  size  of  air­
craft. Boeing 777­300, most of
which are owned by Air India
of residue.”
“The  company  writes  it  off
as an expense in their balance
sheet,” a source said. “Airports
keep  carrying  out  such  re­
into  costs.  Though  the
amount  may  not  be  huge,
eventually, the company does
pass  on  the  costs  to  the  air­
lines,  which  later  gets  passed
on to the passengers, ”said an
analyst.
mand  for  a  separate  policy
on data­related issues.
The  draft  policy  has  laid
out  conditions  for  busi­
nesses  regarding  collection
or  processing  of  sensitive
data  locally  and  storing  it
abroad.  Besides,  it  has  sug­
gested  fixing  a  three­year
period for the industry to ad­
just  to  the  data  storage  re­
quirement  of  the  country
with a view to developing in­
frastructure  for  promoting
digital economy.
These  proposal  has  not
gone  well  with  certain  for­
eign  technology  firms as
they  do  not  want  to  store
data in India.
The  41­page  draft  talks
about six broad issues of the
e­commerce  ecosystem  —
data,  infrastructure  develop­
ment,  e­commerce  market­
places,  regulatory  issues,
stimulating  domestic  digital
economy  and  export  promo­
tion through e­commerce.
. ...... . . ...CH-CHE
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
CHENNAI

BusinessLine
SATURDAY • MARCH 30 • 2019 COMMODITIES 13
Subdued demand
QUICKLY
Sugar steadies in routine trade
Mumbai, March 29
Prices of premium first flush teas down takes the steam off
teas at Kochi sale
Sugar market ruled steady on normal month­ Contrary to expectation, production ward. This will be on the back of a
end activities. At the Vashi wholesale market, steady  demand  from  domestic V SAJEEV KUMAR
M­grade was up ₹6 a quintal, while S­grade
remained high thereby dragging prices market as well as exports to exist­ Kochi, March 29

ruled unchanged. Naka and mill tender rates ing as well as some new markets.  Despite  a  strong  support  from

were steady. Freight rates were steady. The .
Naka delivery rates: S­grade ₹3,130­3,200 and
M­grade ₹3,180­3,230. OUR CORRESPONDENT
Lower arrivals lift pulses
Indore, March, 29
Most of the pulse seeds at the mandis in Indore
have been trading higher amid declining
arrivals. Masur (bold) gained ₹200 to ₹4,025­50
a quintal, while masur (medium) ruled at
₹3,750. masur dal (medium) quoted at ₹4,800­
4,900, while masur dal (bold) ruled at ₹5,000­
5,100 a quintal. Moong (bold) quoted at
₹5,600­5,800, while moong (medium) ruled at
₹5,000.  OUR CORRESPONDENT
SHOBHA ROY
Kolkata, March 29
Prices of the first flush tea crop in
North  India,  which  was  expected
to open firm, is down by almost 10
per cent this year as compared to
same period last year.  following the early closure direct­
In volume terms, the first flush
crop  —  which  usually  is  available
from end­February to late April —
is a small quantity accounting for
close to 10 per cent of the overall
tea production in North India. Ac­
cording  to  data  available  on  the
Tea Board of India’s website, close
to  111.53  million  kg  (mkg)  of  tea
was produced in March and April
of 2018 put together.  leaves, which are produced when
A good quantity of the first flush
tea  is  sold  through  private  sales,
while the remaining finds its way
to auctions.  This  (early  closure  directive)
According  to  Azam  Monem,
Wholetime  Director,  McLeod  Rus­
sel, tea prices are down by nearly
₹15­20 a kg this year, as compared
to  same  period  last  year.  “There
was initial euphoria that the crop
would  be  higher  this  season,  as
against  last  year.  This  had  a
dampening  effect  on  prices,” blenders, the prices of tea grades,
Monem told BusinessLine.  Export markets barring  good  liquoring  ones,  de­
“Last year, the prices opened high clined  at  Kochi  tea  auctions,  on
Higher carryover stocks but declined very fast. But this year subdued demand.
The industry had expected a drop we  don’t  see  prices  declining. In sale no 13, the market for CTC
in  production  of  end  season  teas There is a strong demand and the dust was lower at ₹1­3 a kg. Of the
crop expectation is slightly lower 9.82 lakh kg on offer, medium vari­
ive by Tea Board.  than last year,” Monem said. eties  were irregular  and  some­
The Board had, in October 2018, According to Sujit Patra, Secret­ times  lower.  Of  this,  85  per  cent
directed the gardens not to carry ary, ITA, there is likely to be a good was  sold.  The  average  price  real­
out  plucking  beyond  December demand  for  Indian  teas,  both  or­ ised  was  also  low  at  ₹122.95/kg
10, in order to reduce the quantity thodox and CTC, in overseas mar­ compared to last week’s ₹124.05.
Fading frenzy There was initial euphoria that the crop would be higher
of sub­standard teas.  kets, particularly Iran, Iraq, Egypt The  market  remained  barely
this season, as against last year. This had a dampening effect on prices
Tea  gardens  usually  carry  on and Kazakhstan among others.  steady for orthodox dust and the
plucking  activities  almost  till  the there were enough supplies feed­ ation,  said  Vivek  Goenka,  Chair­ There  is  an  increased  interest quantity on offer was 12,000 kg. In
end  of  December  leading  to ing the market. man of Indian Tea Association. from  Iran,  which  is  a  top  market Cochin CTC dust quotation, good
higher  supplies  of  poor  quality “We should see good crop (first for  quality  orthodox  tea.  Apart varieties  fetched  ₹120­160,  medi­
Good crop flush) coming, but we need to wait from this, there have also been sev­ ums  quoted  ₹95­132  and  plain
plucking continues till the fag end The early closure was expected to for three­to­four days to get a clear eral queries from Iraq, which was grades stood at ₹88­98. 
of the season. Such inferior quality aid  estates  to  take  up  pruning estimate. As of now, CTC market is hardly importing any Indian teas The quantity on offer in leaf cat­
teas exert pressure on prices. work in a phased manner and lead quite depressed, people are selling till about a decade back. egory was 1.29 lakh kg and the mar­
to  production  of  better  quality at lower levels as there is an over­ “Egypt,  as  a  market,  has  also ket for Nilgiri brokens, whole leaf
was  expected  to  squeeze  out teas  at  the  beginning  of  this  sea­ supply  in  the  system.  There  is picked  up  following  two­to­three and  Fannings  barely  remained
around  40­50  mkg  of  teas  from son,  thereby  fetching  better pipeline  in  stock,  and  no  serious successive delegations sent by us. steady and tended to ease. In CTC
the system, leading to lower carry­ prices. While there has been an im­ buying coming in,” he said. Egypt  was  a  20­mkg  market,  but leaf,  the  market  for  high  priced
over  stock  for  this  season.  Hence provement in quality of tea, how­ The  new  season  teas  will  start had declined to 2­3 mkg. But with brokens and Fannings was lower. 
the expectation was that the prices ever, the crop is also expected to be coming into auction starting next these  efforts,  we  could  export Injipara/Venniyar SFD topped at
will open on a firm note.  higher as compared to last year.  week.  around  10­11  mkg  in  2019.  We  are ₹163/kg  in  dust  varieties,  while
However,  the  production  was This is having a “compounding The industry is, however, expect­ also getting queries from Kazakh­ Kodanad STGFOP emerged the top­
down only by around 20 mkg. So effect” on the demand­supply situ­ ing prices to firm up moving for­ stan, a CTC market,” Patra said.  per in leaf grades at ₹306. 

Heat wave unlikely for Fine Centre accords GI tag

next two weeks: IMD
VINSON KURIAN
Thiruvananthapuram, March 29
The  India  Met  Department
(IMD)  has  assessed  as  low
probability of a heat wave un­
folding  over  major  parts  of
the  country  during  the  next
fortnight ending April 10.  garh,  Vidarbha,  Odisha,
But the mercury may hover
around 38­40 deg Celsius over
the  plains  of  North­West  In­
dia,  Central  and  adjoining
North Peninsular regions cov­
ering  mainly  Maharashtra,
Madhya Pradesh, Gujarat and
Rajasthan.
No major change
In  its  detailed  two­week  out­
look, the IMD said maximum
day  temperatures  may  look
up  by  2­3  deg  Celsius  over
North­West  and  East  India
over the next 3­4 days and no
major  change  thereafter.  No
significant  change  in  max­
imum temperatures is in­
dicated  over  the  re­
maining parts of the
country during the
week  ending  April
3.
Overall, these are
likely  to  be  below
normal over the Cent­
ral and Interior Peninsular
India  and  North­East  and  ad­
joining East, while being near
or slightly above normal over
the  rest  the  country  during
the week.  levels.
During  the  second  week
(April 4 to 10), the IMD sees no
significant changes overall in
maximum  temperatures  as
compared  with  the  previous
seek.  Maximum  day  temper­
atures may range between 38
and 40 deg Celsius over Cent­
ral India, above normal by 2­3
deg  Celsius  over  parts  of
North­West  India  and  Odisha
and  below  normal  over  the
rest of the country.
As  for  rainfall,  western  dis­
turbances would continue to
drop  isolated  to  scattered
rain/snow  over  Jammu  &
Kashmir  and  Himachal  Pra­
desh  and  isolated  rains  over
North­West  India  until  Sat­
urday.  A  helpful  trough  and
confluence  of  winds  would
bring  isolated  rain/thunder­
storm  to  Coastal  Andhra  Pra­
desh,  Telangana,  Chhattis­
Jharkhand,  Bihar  and  Bengal
until Wednesday.
Rainfall outlook
Scattered to fairly widespread
rain/thundershowers  may
lash  most  of  the  North­East­
ern  States  during  many  days
of the first week ending as on
Wednesday.  As  for  the  South,
isolated  rain/thunderstorm
may  break  out  over  Tamil
Nadu,  Kerala  and  Interior
Karnataka  on  many  days  of
this  week,  the  IMD  outlook
said.
Overall rainfall activity may
stay  above  normal  for  North­
East  and  adjoining  East
India;  below  normal
for  the  hills  of
North­West  India
and  Kerala;  and
near­normal  over
rest  of  the  country
during  the  week.
During  the  second
week (April 4­10), IMD sees
the probability for rainfall to
scale up over East and adjoin­
ing  North­East  India  due  to
wind  confluence  at  lower
The  overall  rainfall  activity
is  likely  to  be  above  normal
over  East  and  adjoining
North­East  India  and  near­
normal  for  the  rest  of  the
country.  The  outlook  comes
on  the  back  of  the  the  2019
pre­monsoon  season  as  on
date (March 1­27), leaving a de­
ficit  of  36  per  cent  for  the
country as a whole.
The  deficit  was  worst  in
South Peninsula (65 per cent),
followed by North­West India
(44 per cent); East and North­
East  India  (26  per  cent);  and
Central  India  (10  per  cent,
considered normal).
Oil set for biggest quarterly
rise since 2009 amid OPEC
supply cuts, US sanctions
REUTERS
Singapore, March 29
Crude  oil  prices  rose  on  Friday
amid the ongoing OPEC­led sup­
ply cuts and US sanctions against
Iran  and  Venezuela,  putting
crude markets on track for their
biggest quarterly rise since 2009.
US  West  Texas  Intermediate
(WTI) futures were at $59.34 per
barrel at 0802 GMT, up 36 cents or
0.6 per cent from their last settle­
ment. WTI futures were set to rise
for  a  fourth  straight  week  and
were on track to rise 30 per cent in
the first three months of the year.
Brent crude oil futures were up
24 cents or 0.4 per cent at $68.06.
Brent  futures  were  set  to  rise
more  than  1.5  per  cent  for  the
week  and  by  more  than  25  per
cent in the first quarter.
Oil prices have been supported
for much of 2019 by the efforts of
#3585
the  Organization  of  the  Petro­
leum Exporting Countries (OPEC)
and non­affiliated allies like Rus­
sia — together known as OPEC+ —
who  have  pledged  to  withhold
around 1.2 million barrels per day
(bpd) of supply this year to prop
up markets.
OPEC+ are meeting in June to
discuss  whether  to  continue
withholding  supply  or  not.
OPEC’s de­facto leader Saudi Ara­
bia favours cuts for the full year
while  Russia,  which  only  reluct­
antly  joined  the  agreement,  is
seen to be less keen to keep hold­
ing  back  supply  beyond
September.
OPEC+  cuts  alone  are  not  the
only reason for rising oil prices;
analysts also point to the US sanc­
tions on oil exporters and OPEC
members Iran and Venezuela as
reasons for the surge.
ICRA cuts sugar production
estimate to 30.7 m tonnes
PRESS TRUST OF INDIA
Mumbai, March 29
Rating agency ICRA has revised
downwards  its  sugar  produc­
tion target for 2019 to 30.7 mil­
lion tonnes (mt) from its earlier
estimate of 31.5 mt due to a de­
cline  in  Uttar  Pradesh,  the
largest growing State.
The  agency,  how­
ever,  said  even  at
this level, sugar sup­
ply  will  be  higher
than demand.
ICRA  on  Friday  said
production  may  be  fur­
ther hit due to the diversion of
‘B’  heavy  molasses  and  sugar­
cane juice away from sugar into
ethanol.
The agency said a downward
revision in sugar production es­
timatealong  with  a  series  of
government support measures
— both  by  the  Centre  and  the
States  —  from  May  2018  have
Chocolates
An employee cuts
open a pod to extract
the pulp­covered
beans at a cocoa farm
in Batang Kali,
Selangor, Malaysia.
There is a rising crop
of Asian artisanal
chocolate makers that
are daring to try — and
succeeding — in the
unlikeliest of places.
As they gain local
following, they garner
gourmet awards from
London and Paris and
slowly win over
chocolate lovers
worldwide BLOOMBERG
provided  some  relief  to  sugar
mills hit by supply glut.
However, the agency expects
sugar production to be higher
than consumption.
“We expect sugar production
to  continue  to  outstrip  con­
sumption by around 4.5­5 mil­
lion  tonne  in  spite  of
expected  diversion
of  sugarcane  to
ethanol  manufac­
ture  and  lower
production  estim­
ates,  resulting  in
continued supply pres­
sures,” the report said.
But  ICRA  added  that  the
Centre hiking  the  minimum
support  price  for  sugar,  and
States  offering  cane  subsidies/
soft loans to the manufacturers
of ethanol from cane juice and
B­heavy  molasses  are  likely  to
provide some respite to mills in
the near term.
for five coffee varieties
Beans from Coorg,
Wayanad,
Chikmagalur, Araku
and Bababudangiris
get the certification
OUR BUREAU
New Delhi, March 29
In a move that could help do­
mestic  coffee  gain  global  re­
cognition  and  attract  higher
prices,  the  Centre  has  awar­
ded the Geographical Indica­
tion (GI) tag for five varieties
of coffee.
The  varieties  that  have  re­
ceived  the  coveted  tag  in­
clude  Coorg  Arabica,  Way­
anaad Robusta, Chikmagalur
Arabica, Araku Valley Arabica
and Bababudangiris Arabica.
Unique features
The award of GI — a name or
sign certifying that a product
has  a  specific  geographical
origin  and  possesses  qualit­
ies that are due to that origin
— will  help  the  five  varieties
carve  a  niche  for  themselves
in the world market, said NN
Narendra, Director (Finance),
Coffee Board.
“What  gives  Indian  coffee
its  exotic  and  premium  fla­
vour is the fact that unlike in
other  parts  of  the  world
where  it  is  grown  in  open
fields,  coffee  in  India  is
grown in shade. Moreover, it
is  completely  hand­picked
and  dried  in  the  sun.  The  GI
will  help  the  Indian  coffee
varieties be specifically iden­
tified  with  their  unique  fla­
vour,”  Narendra  told
BusinessLine.
The  coffee  varieties  that
got their GI tag from the De­
partment  for  Promotion  of
Industry  and  Internal  Trade
have  their  unique  qualities.
For instance, the Araku Valley
Arabica  coffee  from  the  hilly
tracks of Visakhapatnam dis­
trict  of  Andhra  Pradesh  and
Odisha region is produced by
Booster shot Organic coffee
berries at a plantation in the
Araku valley, Visakhapatnam 
the  tribals,  follows  an  or­
ganic approach.
Bababudangiris  Arabica
coffee is grown specifically in
the birthplace of coffee in In­
dia  in  the  central  portion  of
Chikmagalur district. “Select­
ively  hand­picked  and  pro­
cessed  by  natural  fermenta­
tion,  the  cup  exhibits  full
body,  acidity,  mild  flavour
and  striking  aroma  with  a
note of chocolate. This coffee
is also called high grown cof­
fee  which  slowly  ripens  in
the mild climate and thereby
the  bean  acquires  a  special
taste  and  aroma,”  a  release
said.
The  other  three  varieties,
too, are grown specifically in
the  regions  of  Kodagu,  Way­
anad  and  Chikmagalur  and
have their distinct flavours.
The  Monsooned  Malabar
Robusta Coffee, a unique spe­
ciality  coffee,  was  the  only
variety accorded a GI certific­
ation earlier.
Output, exports
In  India,  coffee  is  cultivated
on about  4.54  lakh  hectares
by 3.66 lakh coffee farmers of
which  98  per  cent  are  small
farmers,  according  to  gov­
ernment figures.
Coffee production in India,
Asia’s  third­largest  producer
and exporter, is estimated to
be 3,19,500 tonnes in 2018­19,
according  to  the  Coffee
Board  figures.  Exports  rose
13.26  per  cent  to  48,330
tonnes  during  the  first  two
months of this calendar year.

LME’s new warehousing

Up to their waist in water, US farmers face crucial decisions
BLOOMBERG
March 29
For  American  farmers  already
struggling to navigate the US­China
trade war, optimism for the spring
planting season is washing away.
Floods from the Mississippi Delta
to  the  Dakotas  have  inundated
roads and submerged fields just as
Midwestern farmers should be pre­
paring  the  soil  to  sow  this  year’s
seeds. If land is inaccessible much
longer,  growers  will  be  forced  to
shift  their  planting  decisions  —
likely  leading  to  more  soyabeans,
the  crop  hit  hardest  by  a  drop  in
Chinese demand.
“It’s causing a lot of stress,” said
Dan Nerud, who farms 2,600 acres
of corn and soyabeans in Nebraska
with his son. Some of his land was
under as much as four feet of water,
while other areas are so saturated
that  walking  or  towing  a  planter
with a tractor would mean sinking
deep into mud.
Bad timing
The timing could hardly be worse
for farmers who had been trying to
figure  out  which  mix  of  crops
would yield the most profit as trade
tensions drag on. President Donald
Trump’s  tit­for­tat  tariffs  with
China,  historically  one  of  the
biggest  customers  for  US  agricul­
tural  goods,  has  roiled  a  market
already  depressed  by  years  of  bal­
looning supplies. Growers, waiting
for sales to recover, are sitting on re­
cord  inventories  of  soyabeans
packed  away  in  silos  and  grain
bags.
The storm deluge means that at
least  some  of  those  oilseeds  and
stored  grains  may  have  been  des­
troyed.  urated, he doesn’t know if he will
‘Huge Impact’
Nebraska,  among  the  hardest­hit
States, is estimating $440 million in
crop losses from flooding. “That in­
cludes  transportation  costs,  grain
ruined  in  storage  and  planting
delays,” according to Governor Pete
Ricketts. “Another $400 million in
livestock is expected to be lost from
the  recent  rains  and  a  blizzard
earlier this month,” he said. That’s
limiting  the  options  farmers  have
rules will boost stocks
won’t have a significant impact on
overall  market  prices,”  Ed  Prosser, REUTERS in a discussion paper on Friday in­
vice  president  of  commodity  risk London, March 29 clude  extending  to  80  days  the
management  at  grain  handler Proposals  to  modify  London  Metal length of time that full storage fees
Scoular  Cosaid.  More  important Exchange  rules  to  attract  more are payable on metal waiting to be
“will be timing of when producers metal into its system will help boost loaded out. That compares with the
can get their fall crops planted. Fast stocks and revenues for warehous­ current 30 days of full rent and 20
means  more  corn,  slow  means ing  firms  and  improve  transpar­ days half rent.
more soyabeans.” ency,  LME’s  Chief  Executive  Matt One  proposal  is  cutting  ware­
Nebraska  farmer  Brandon  Hun­ Chamberlain said. house rents for metal on LME war­
nicutt had planned to sow about 5 Sweeping  reforms  since  2013 rant, which for aluminium is mostly
per cent more corn this year at the aimed at shrinking queues in LME around 55 US cents a tonne, many
Floodwaters surround corn sitting under a collapsed grain bin in Pacific expense  of  soyabeans  in  his  fields approved  warehouses  are  one times  more  than  storage  costs  for
Junction, Iowa, US. The deluge that devastated so much of the Midwest over near the village of Giltner. His farm reason behind stocks of metal such off­warrant metal, typically below 10
the last week could be a preview for one of the worst years for flooding in the was largely spared from damaging as  aluminium  sliding  to  near  one US cents.
US, according to weather officials BLOOMBERG floodwaters, but with fields still sat­ million  tonnes  (mt),  the  lowest  in But  metal  industry  sources  say
more than a decade, from a record any reductions would be resisted by
in choosing between corn or soya­ spring,”  said  Alexis  Maxwell,  re­ be able to plant all of his seeds this high above 5.49 mt in January 2014. warehouse  firms  that  offer  only
beans,  the  nation’s  two  largest search director of Green Markets, a spring.  Historically, some of the surplus storage facilities.
crops.  They  are  often  planted  on fertiliser research firm. “The math may not be too bad for in the aluminium market in recent “There is a substantial section of
side­by­side fields and compete for As  of  last  week,  soyabean  acres soyabean  planters,  regardless  of years  would  have  been  deposited the market which believes that it is
acreage. were expected to fall by about 3 per the  weather.  Even  as  tariffs  have under LME warrant. not  the  LME’s  role  to  intervene  in
“Despite the trade tensions, soya­ cent to 86.2 million this year, while walloped exports of the oilseed, the “We  want  to  be  sure  (ware­ commercial arrangements between
beans may win some acres that wer­ corn acres would rise 2.4 per cent to price  ratio  between  the  two  com­ houses’)  business  models  remain warehouse  companies  and  metal
en’t expected just months ago. The 91.3  million  acres,  according  to  a modities  only  slightly  favours financially  viable.  Rolling  back  all owners,” the exchange said.
short fall season robbed farmers of Bloomberg survey of analysts.  corn,” said Corey Jorgenson, Presid­ the rules wouldn’t be acceptable to The deadline for responses to the
enough  time  to  apply  nitrogen­ ent  of  The  Andersons  Inc’s  grain the broader market, but we would discussion paper is the end of May.
based fertiliser that’s necessary for Changing Expectations unit.  Soyabeans  have  rebounded support changes that make it easier Results  will  be  published  in  the
corn,  and  the  storms  have  nar­ “The floods are absolutely devastat­ somewhat as China made goodwill for warehouses to do business.” third quarter and if appropriate the
rowed the application window this ing  for  those  affected  but  likely purchases during the trade talks. The proposals made by warehous­ process  will  move  to  the  consulta­
ing firms and published by the LME tion stage.

CM . . .... . . ...CH-CHE
YK
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
CHENNAI

14 POLLSCAPE BusinessLine
SATURDAY • MARCH 30 • 2019

POLLBUZZ

Modi ignored Varanasi: Priyanka

Mahagathbandhan irons out Bihar Grand Alliance, a
Ayodhya, March 29
A day after hinting that
she is not averse to
wrinkles; seals seat-sharing pact political circus: Jaitley
contesting against Prime OUR BUREAU
Minister Narendra Modi in
the LS polls, Congress
RJD gets 20 seats, fanfare.  Although  Siddiqui  is  a New Delhi, March 29
senior  leader  and  has  held  im­ The  ruling  BJP  on  Friday
general secretary Priyanka Congress alloted 9 portant  ministries  besides  hav­ termed  the  Opposition  alli­
Gandhi Vadra attacked ing  served  as  Leader  of  Opposi­ ances  across  States  as  “polit­
him for ignoring his own OUR BUREAU/AGENCIES tion  in  the  State  Assembly,  his ical circus” which is a “recipe
Varanasi constituency. On New Delhi/Patna, March 29 candidature has also ruffled the for chaos”.
Thursday night, reacting to a suggestion from a Protracted  negotiations  over feathers  of  RJD  strongman In a blog post, Finance Min­
party worker that she should fight the polls seat­sharing finally ended in Bi­ Ashraf Fatmi, who has represen­ ister Arun Jaitley said, over the
from Rae Bareli constituency, Priyanka Gandhi har on Friday with Lalu Prasad’s ted  Darbhanga  a  number  of last several months, India was
said Shouldn’t I fight from Varanasi?  PTI Rashtriya  Janata  Dal  (RJD)  an­ times and was the runner­up in “exhausted” with the talk of a Arun Jaitley
nouncing its Mahagathbandhan 2014. ‘Mahagathbandhan’ (Grand Al­
of different backward castes and Tejashwi  Yadav  also  an­ liance) across different States. In  the  Opposition  camp,
Congress bats for the poor: Rahul Dalit parties with the Congress. nounced that the RJD would be According to the Finance Min­ Jaitley said, there is a tussle for
Yamunanagar, March 29
Announcing  the  seat­sharing fielding  Tanveer  Hassan  in  Be­ ister, the only reason for these leadership as multiple candid­
Congress President Rahul Gandhi on on Friday formula, the RJD leader Tejashwi Leaders of the Mahagathbandhan after seat­sharing discussions in Patna  gusarai, a  decision  that  may alliances to come into being is ates  have  made  their  desire
launched a sharp attack Yadav  asserted  that  the  reports queer  the  pitch  for  CPI’s  Kan­ that that Prime Minister Nar­ clear to take over the mantle of
on Prime Minister about a rift in the Grand Alliance contest three each. The RJD will Darbhanga douses speculations haiya  Kumar  who  is  taking  on endra Modi and the BJP is too the leadership.
Narendra Modi, saying he are  false  and  the  “Mahagath- give  one  seat  to  the  radical  left about  the  possibility  of  sitting firebrand  BJP  leader  Giriraj strong to be challenged by any According to him, each one
protects the rich while his bandhan is intact”. CPI(ML). MP Kirti Azad seeking re­election Singh. individual party. of them is interested to see the
own party bats for the According  to  Yadav,  the  caste The  Congress  will  announce as a Congress candidate, who re­ “Our candidates for the 18 con­ Stressing that Indians judge strength  of  the  other  party’s
poor, the weaker sections alignments include the RJD with its candidates separately. As per cently joined the party after quit­ stituencies  are  final.  We  will  do politicians by their merit and contender depleting and also
and the farmers. The 2019 its allies Jitan Ram Manjhi of the reports, BJP’s star MP Shatrughan ting the BJP. the same for Sheohar in the next capacity and no longer by any have  high  hopes  in  a  chaotic
polls are a fight between Dalit­based  Hindustani  Awam Sinha, who switched over to the few days while we are leaving Ara traditional  loyalty,  he  said: and highly hung Parliament.
two ideologies. On one Morcha (HAM), the Koeris repres­ Congress this week, will contest Brewing resentment in favour of the CPI(ML),” Yadav “We  were  promised  a  ‘coali­
hand are the BJP, the RSS and Narendra Modi ented  by  Upendra  Kushwaha’s the Patna Sahib seat against BJP’s Speculation was rife that the ab­ said. tion  of  rivals’  because  India Tussle for leadership
and on the other is the Congress,” he said. Rashtriya Lok Samata (RLSP), the Ravi  Shankar  Prasad,  former sence of senior Congress leaders Withholding  the  name  on had  to  be  saved.  We  were “He/ she believes that only in a
Gandhi is on a day’s visit to Haryana.  PTI newly­formed Mallah (boatmen) Minister Tariq Anwar will contest at  the  press  conference,  where Sheohar seat could be seen as an promised  a  common  min­ chaotic situation he/she has a
grouping called the Vikasheel In­ from  Katihar  and  former  Lok former  MLC  Narendra  Kumar attempt to mollify Tej Pratap Ya­ imum  agenda.  Each  leader chance,” said Jaitley.
saan  Party  (VIP)  and the  Con­ Sabha  Speaker  Meira  Kumar Singh was a representative, is an dav, who resigned from the post amongst  the  aspirant  Prime The  track  record  of  such
‘82 FIRs against poll code violation’
New Delhi, March 29
gress. The RJD, which represents from Sasaram. RJD leaders Misa indication  of  its  leadership  be­ of  patron  of  the  RJD  student’s Ministers wanted to become a governments  in  terms  of
the  dominant  Yadavs  and  the Bharti  and  Abdul  Bari  Siddiqui ing sore over being arm­twisted wing  on  Thursday to  push  can­ ‘sutradhar’ (anchor) of the alli­ policy,  longevity  and  growth
Delhi’s chief electoral officer
Muslims,  gets  to  contest  20  of will  contest  from  Pataliputra by the RJD to give up its claim on didatures  of  his  favourites  An­ ance.  He/she  would  periodic­ has  to  be  borne  in  mind,  he
(CEO) Ranbir Singh on Friday
the  40  seats  in  Bihar,  the  Con­ and Darbhanga respectively. the seat, resulting in an embar­ gesh  Kumar  and  Chandra ally organise shows in his/her said adding that their track re­
said 82 FIRs and Daily Diary
gress gets nine, the RLSP will con­ The  announcement  of  Abdul rassment  to  AICC  chief  Rahul Prakash  from  Sheohar  and  Je­ State  and  invite  the  entire cord  of  corruption  is  equally
(DD) entries have been
test  five,  the  VIP  and  HAM  will Bari  Siddiqui’s  name  from Gandhi, who inducted Azad with hanabad, respectively. bandwagon.” well­known.
registered against various
political parties since March
10 for violating the Model
Code of Conduct. The poll panel also said its
statistics surveillance team, constituted to INTERVIEW | KAMAL HAASAN
keep an eye on the expenses of the political
parties, has seized ₹10 lakh in cash from outer
Delhi.  PTI ‘We will field leaders who do not consider politicsa livelihood, but a call of duty’
TWEETOSPHERE N MADHAVAN Gandhi had been alive today, nose. That is my grouse. movement that will free India
he would have been the from poverty is skillset
Modiji in a public rally He calls himself an agent of bitterest critic of such a thing. Of late, investors are turning development. Today, we are
in Meerut said: "SP- change in politics. Makkal Needhi And where will they find the away from Tamil Nadu... making 50 lakh engineers,
RLD-BSP stood for Maiam (MNM) founder and actor money. Give me the numbers. It is all about governance. We lawyers, doctors and half­
sarab yeh sarab Kamal Haasan has waded into Convince me about the need to treat investors well, educated engineers are not
politics promising to transform numbers.  offer them all the facilities. The employable. Their education
aapko barbad kar governance in Tamil Nadu, which other States are doing just that. is just a tag. Their skills need
degi". Only he who is according to him is steeped in How will you deliver 100 per Tamil Nadu has a lot of to be ofinternational quality. I
drunk with power can make such caste politics, corruption and a cent profit to farmers that inherent strengths but all that have seen it work when I was
uncivilisedcomments culture of handouts. In a free­ your manifesto promises? will go waste if we do not take the chairman of the
wheeling chat with BusinessLine, I have been a part­time farmer. care of the investors. I know of entertainment and media
he lays down his vision and The way middlemen take away businessmen who are leaving skillset development in FICCI.
Kapil Sibal policies that MNM will follow and the profit is unbelievable. I the State and going elsewhere. The MNM will steadfastly
t Congress leader his ideology. Excerpts: grew 40 tonne of potatoes. I A lot of people have lost their pursue skillset development.
gave it to the smallest of jobs.
What is the change you vendors and said: “sell it for What are your expectations
#3585
BIJOY GHOSH

Thanks to the EC for intend to bring in TN politics?
allocating the We are not talking of a
wonderful symbol cosmetic but a fundamental
"Gift Pack" for all the change here. We will field
leaders who do not consider
59 candidates as per politics as a source of
the order of the livelihood but a call of duty.
Hon'ble Supreme When we say we will destroy
corruption, it cannot be done
Court of India.
in a day. Because corruption
has permeated from the top to
TTV Dhinakaran the actual user of politics, the
t AMMK leader people. We will take caste out
of the equation. We are not
inventing this new decorum
for politics. It used to be there.
We lost it and we want to
regain it. It is going to be
difficult because the whole
system is rusty. At the same
time, we will not change
everything. We have
accommodated some of the
whatever price you can sell”.
Some guy sitting in a small
cubicle decides the life of a
farmer. That is why farmers’
market is critical. We will have
to educate farmers about the
newer technology. Without
which, he cannot increase
production. He must
understand how to use little
water to produce more per
drop. Farming is actually
becoming scientific.  kilometres away. Yes. It would
You have also talked about
abolishing toll. How do you
build roads then as
governments are cash-
strapped?
A toll is not a bad idea. But how
long is a toll? It is not for life.
You don’t have to pay through
your life and through your
Your stand with respect to from this election?
Sterlite Copper has worried I have a strong feeling that
many in the industry.. the people who have lived
While I respect investors, not By giving handouts, you are making beggars out of our under the radar for so long
all businessmen are angels. My people. You cannot remove poverty this way. If are going to fly out. I think we
anger against Sterlite is not are sitting on the cusp of a
Mahatma Gandhi had been alive today, he would have
because it is an industry. I am revolution. I may not be the
been the bitterest critic of such a thing.
proud to have a copper plant best of politicians but will
that will equal those in China. KAMAL HAASAN certainly be the tip of that
Actor­turned­politician
But why would you do it at the change that we have been
cost of people’s lives? They looking for. 
could have built the plant a few old good ideas like school education to be free for
Samathuvapuram (community all. And it should be high­ What is your ideology?
be a little further away from living), farmers’ market. For quality education that a rich The idea is not to be bound by
the harbour but we could have what reason the previous man would want for his child.  ideologies. We have to do what
laid a new railway line to make governments have abandoned is right for the people. And if
it less costly for them to it, we really don’t understand. Your views on you have to move towards left
transport it to their ships.  Congress’minimum income for that, we will. But we will
As a party, will you be against guarantee scheme... correct our pose and come
You have promised 50 lakh the freebie culture? By giving handouts, you are back to the centre. Being a
jobs. How possible is it? Absolutely. I am not saying that making beggars out of our centrist is, at times, very
It is possible. After the I will totally do away free stuff. people. You cannot remove painful but the MNM is ready
Satyagraha movement, the new I want basic education, high poverty this way. If Mahatma to climb the mountain. 

Modi takes pot-shots at KCR, Chandrababu Naidu Court refuses to stay Hardik’s conviction
OUR BUREAU VIRENDRA PANDIT Supreme Court reverses the HC cing  many  criminal  cases  and
Hyderabad, March 29 ics’  and  decisions  based  on rise  AP.  Criticising  him for Modi  asked  the  people  of Party,  the  Congress  and  the Ahmedabad, March 29 ruling,  he  will  not  be  able  to 17 FIRs were registered against
Prime  Minister Narendra Astrologer’s  advise.  On  the problems  created  in imple­ Rayalseema  city:  “Who  has YSR  Congress  as  dynastic Barely  a  fortnight  after  he contest the LS polls. him,  despite  an  undertaking
Modi  took pot­shots  at  K other  hand,  he  said  Naidu menting  projects  and  prom­ sanctioned the first IIT for the ones. joined  the  Congress,  Patidar In the High Court, the State he gave earlier.
Chandrasekhar  Rao  and  N was  more  interested  in  pro­ ises on Amaravati as the cap­ State, the first IIM, the first tri­ In  Mahbubnagar,  where quota  leader  Hardik  Patel’s Government  had  opposed  his According to the Representa­
Chandrababu  Naidu,  the moting  his  son  Nara  Lokesh ital,  Modi  said  the  CM  was bal university, the first AIIMS the BJP has fielded DK Aruna, hopes to contest the Lok Sabha plea for staying conviction, say­ tion of Peoples Act, 1951, anyone
Chief  Ministers  of  Telangana than the interests of the State. adept at putting ‘stickers’ on at  Mangalagiri,  the  Mega who  defected  at  the  last polls  were dashed  on  Friday ing  that  he  was  a  habitual  in­ convicted  with  a  sentence  of
and  Andhra  Pradesh  (AP),  re­ Modi said, post the bifurca­ Central schemes and owning Solar Park, Kurnool? It is your minute  from  the  Congress, when  the  Gujarat  High  Court stigator  of  violence.  Respond­ two or more years in a case is in­
spectively, on Friday.  tion  of  AP,  the  State was  suf­ it as his government’s initiat­ chowkidar and  pradhan Modi  claimed  that  KCR refused to stay his conviction in ing to Hardik’s March 8 request eligible to contest polls.
At separate political rallies fering  because  of  Naidu, ive.  He  blamed  the  CM  and sevak. But U­turn Babu would rushed  into  an  early  As­ a 2015 rioting case, making him for  early  disposal  of  his  stay In July 2018, Hardik was sen­
in Mahbubnagar (Telangana) whom  Modi  described  as  “U­ the State government for the not acknowledge it.” sembly elections, instead of a ineligible to enter the poll fray.  plea, the  prosecution  main­ tenced  to  undergo  two­year
and  Kurnool  (AP), Modi  said turn  Babu  and  sticker  babu’, delay in the execution of the The  PM  made  only  a combined  one  with  the  Lok Filing of nominations for the tained that a lawbreaker could simple imprisonment and pay
Telangana  Rashtra  Samithi who  indulged  in  going  back Polavaram  project even passing mention of YSR Con­ Sabha, because he feared that April 23 vote in Gujarat, which not become a lawmaker. a fine  by  a  Sessions  Court  in
chief KCR’s rule was an excel­ on  promises  and  focussing though the NDA government gress  and  the  Congress,  cas­ Modi wave would humble his commenced  on  Thursday,  will Justice  AG  Uraizee observed Mehsana  district  in  a  rioting
lent example of ‘family polit­ on  son­rise AP instead ofsun­ was releasing funds on time. tigating the  Telugu  Desam TRS.  conclude on April 4. Unless the that the Congress leader was fa­ and arson case of July 2015.

Amit Shah promises to implement NRC in
West Bengal, exemption for Hindu refugees
OUR BUREAU
Kolkata, March 29
Nationalism  featured  prom­
inently in BJP President Amit
Shah’s speech as he promised
to  “throw out  infiltrators”
from  West  Bengal  by  imple­
menting  the  National  Re­
gister of Citizens (NRC).
Shah, though, made it clear
that Hindu refugees will not
be affected or troubled.
“If the BJP comes to power
we will bring in the NRC here
to  throw  out  all  infiltrators
and  illegal  immigrants.  We
will  also  ensure  that  Hindu
refugees  are  not  touched.
They are very much a part of
our country,” Shah said while
addressing  a  rally  at  Alipu­
duar, a North Bengal seat.
The  NRC  became  a  hugely
contentious  issue  in  Assam
BJP President Amit Shah at an election rally at Alipurduar
after  the  complete  draft,  re­
leased  last  year,  omitted  the
names of several people who
have  been  residing  there  for
several decades. This saw the
Trinamool  Congress  brand
the  BJP  as  an  “anti­Bengali
party”.
However, Shah’s comment
on the NRC and protection of
Hindu refugees gain signific­
ance  in  the  Alipurduar  and
neighbouring  Cooch  Behar
districts of the State. The dis­
tricts  have  been  grappling
with  immigrants  and  infilt­
rators  (coming  in  from
Bangladesh  and  via  Assam)
for  quite  some  time  now.
Moreover, there is a rising ac­
ceptance of the BJP amongst
the  Scheduled  Tribe  com­
munities  and  tea  garden
workers of the area.
Shah criticised the Opposi­
tion  leaders,  including  West
Bengal  Chief  Minister,
Mamata  Banerjee,  for  ques­
tioning  the  Centre  over  air
strikes in Pakistan’s Balakot.
According  to  him,  only  a
strong leadership under Nar­
endra Modi could give a befit­
ting  reply  to  China  (on  Dok­
lam)  and  to  Pakistan  for  its
terror tactics.  against  the  veteran  MP  Ram
“But  the  Opposition  lead­
ers  are  questioning  the  gov­
ernment (over the air strike).
They want to hold talks with
Pakistan. In this election, you
have  two  ways  —  one  leads
you  to  Narendra  Modi,  the
other  to  ‘Thugbandhan’  (a
gang of thugs) of leaders like
Rahul  Gandhi,  Mamata
Banerjee  and  Akhilesh  Ya­
dav,” he said.
It’s Urmila vs Gopal Shetty in Mumbai North
PRIYANKA PANI
Mumbai, March 29
The Congress, which is fielding
Bollywood  actress  Urmila
Matondkar as its candidate in
Mumbai  North  constituency
against sitting BJP MP Gopal Sh­
etty, hopes to repeat what it did
in 2004 general elections. The
Bharatiya Janata Party (BJP) lost
in  2004  in  thisconstituency
when  the  Congress  fielded
popular  actor  Govinda  Ahuja
Naik.  Govinda  had  won  by  a
small  margin  in  the  constitu­
ency that is historically a Con­
gress  stronghold  where  it  has
been able to retain this seat in
1984, 2004 and 2009.  stars  in  a  democracy  are  the
The question is will the Bolly­
wood factor work in favour of
Congress  in  2019  with
Matondkar, a novice in politics
Urmila Matondkar
but  has  the  capability  to  pull
crowd and eye balls because of
the glamour factor.  Matondkar was able to pull
Matondkar,  in  her  maiden
election campaign today
said  that  while  everyone  is
projecting her as a star, the real
common man.  Matondkar’s rally was dom­
The actresssaid that there is
much  intolerance  among  the
people in general and that Con­
Gopal Shetty
gress  will  win  this  war  with
love.  started his campaign on Friday,
up a decent crowd, even as the
crowd made up of mostly wo­
men  and  kids,  created  a  com­
motion as they wanted to click
selfies with the star.  root level, has brought in sev­
inated  by  Congress  stalwarts
Milind  Deora  and  Sanjay
Nirupam, who refused to fight
against BJP’s Gopal Shetty after
he  faced  a  massive  defeat  last
elections. 
Deora,  who  formally  intro­
duced Matondkar to the voters
of Mumbai North, said that the
party if voted to power in this
constituency  will  works  to­
wards resolving the growing is­
sues related to slum redevelop­
ment  and  guarantee  housing
for all. 
Meanwhile, Shetty, who also
seems to be popular among the
residents of Mumbai North. 
Shetty,  who  has  won  from
this  constituency  as  an  MLA
and  worked  up  from  a  grass­
eral developments in this area. 
His rally also witnessed pres­
ence of people from the minor­
ity community.

CM . . .... . . ...CH-CHE
YK
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
CHENNAI

BusinessLine
SATURDAY • MARCH 30 • 2019 NEWS 15

POLL POURI
Minimum income guarantee scheme
Is the Congress party's poll promise of ₹72,000
Women of Maharashtra villages putting up BJP will return
with absolute
to 50 million families feasible?

25%
Yes
73%
No
2%
Can't say
a spirited fight to curb liquor flow during polls majority: Modi
PRESS TRUST OF INDIA
New Delhi, March 29
RADHESHYAM JADHAV women  have  formed  a  squad cians,” said Manda Alone, a wo­ Prime Minister Narendra Modi has
TODAY’S POLL
Pune, March 29 that patrols the village borders man  farmer  from  Wardha expressed the confidence that the
With  the  election  campaign 24x7  to  ensure  that  politicos district.  BJP will return to power with “abso­
Throttling back gathering momentum, women and  their  supporters  don’t lute  majority,”  saying  the  people
Does  the  production  cutbacks  in  auto  sector in drought­hit Maharashtra vil­ enter the village with liquor.  Demand for liquor ban have made up their mind to ensure
suggest that the economy is slowing down?  lages  who  walk  miles  to  fetch They are also keeping a close Interestingly,  women  have victory of the National Democratic
Cast your vote at: water  have  another  task  at watch  on  those  addicted  to  li­ been  repeatedly  demanding  a Alliance in 300­plus seats. 
www.thehindubusinessline.com
hand: To stop the flow of liquor quor.  Women  in  Gadchiroli liquor ban in the State, but the In an interview to a TV news chan­
flooding their doorsteps.  have  put  up  posters  warning State  is  against  the  demand  as nel  on  Friday,  Modi  also  said  the
It’s  hard  to  get  drinking  wa­ political  parties  that  candid­ it  will  result  in  a  loss  of  rev­ timing  of  the  launch  of  the  anti­
ter, but country liquor is flood­ ates  who  give  liquor  to  their enue  of  more  than  ₹13,000 satellite missile was based on “open
ing villages ahead of elections, menfolk will bite the dust.  crore annually.  space”  available  to  carry  out  the
QUICKLY said  the  women  from  Ma­ Women  in  many  other  vil­ In fact, just ahead of the poll test. 
harchikna  village  in  Buldhana lages  have  taken  similar  steps. announcement,  the  State  was “Call it an adventure or an initiat­
district,  who  have  threatened In  Kakadyeli  village,  women mulling  allowing  online  sale ive,  they  don’t  happen  suddenly.
Metro timings extended to launch a hunger strike if the have  resolved  that  any  party and  home  delivery  of  liquor, You  need  to  tell  the  global  com­
Chennai, March 29 police fails to stop the distribu­ Women in Gadchiroli have put up posters warning political parties that that  distributes  liquor  any­ claiming  that  it  would  curb munity  that  you  want  space  at  a
Chennai Metro train timings will be tion of country liquor by polit­ those who distribute liquor would bite the dust at the hustings  where  will not  be  allowed  to drunken  driving.  However,  in­ particular time in (outer) space to
extended from Saturday morning with the ical parties.  campaign in the village.  creasing  the  revenue  was  the ensure there is no space traffic or
first service to commence at 4:30 am and peated  crop  failures,  her  hus­ business  during  the  elections. “It  is  in  the  interest  of prime objective behind the de­ collision,  you  need  to  ask  for  an
the last service at 11 pm. The new timings Lure of the bottle band  took  to  the  bottle  and In  Murumgaon  village  of  Gad­ politicos  to  get  people  ad­ cision.  open  space,  you  need  to  fix  that
are from Monday to Saturday only. Existing “You  will  find  hundreds  of then  committed  suicide  a  few chiroli, about 200 women have dicted  to  liquor.  These  are  the The  decision  remained  on space.  It  is  a  long  process,”  he
timetable will be followed for Sundays with country  liquor  dens  in years  ago.  Since  then,  Vanmala joined  hands  to  block  liquor same  politicians  who  blame paper  because  of  staunch  op­ explained.
train services from 7:58 am to 10 pm, said a drought­affected  areas.  Luring has been leading an anti­liquor from flowing into their village. farmers  for  committing  sui­ position  from  women  anti­li­
press release from Chennai Metro Rail Ltd. distressed  men  with  liquor  is campaign. cides under the influence of li­ quor campaigners.  Opposition unity
The first train from Airport Metro, easier than providing jobs and The  State  government  has Keeping vigil quor. Liquor plays a major role Interestingly,  the  State  gov­ Modi rejected suggestions that the
Washermenpet Metro, St Thomas Mount water,”  said  Vanmala  Shinde,  a prohibited  liquor  in These  women  have  resolved in  elections  in  these  areas  and ernment  has  admitted  that  al­ index of Opposition unity is as high
Metro and Central Metro terminals will be at woman farmer from Wadali vil­ Chandrapur,  Wardha  and  Gad­ that  they  will not  vote  for  any we  are  trying  to  fight  the cohol  addiction  is  one  of  the as in 2014.
4:30 am and last train from above terminals lage  in  Buldhana.  Crushed  by chiroli districts. But country li­ party  or  candidate  that  offers strong  liquor  lobby,  which  has main  reasons  for  farmer  sui­ “If you go granular, you will find
shall be at 11 pm.  OUR BUREAU mounting  debt following  re­ quor  trade  is  a  flourishing liquor to lure the villagers. The support  of  police  and  politi­ cides in the State. the  Opposition  more  scattered
now than in 2014. Tell me, has there
been  any  agreement  in  Andhra

Kummanam filed I-T returns

for the first time this year
Barring in AP, NTR biopic As Shivashankarappa says no,
Cong in hunt for candidate
(Pradesh), (West) Bengal? Has there
been  any  (agreement)  with  the
Communist  parties?  Has  it
happened  in  Kerala,  Odisha?”  he

OUR BUREAU
Thiruvananthapuram, March 29
The  BJP  candidate  for  the
Thiruvananthapuram Lok Sabha
seat  Kummanam  Rajasekharan,
66,  filed  income  tax  returns  for
the  first  time  this  year  after  de­
claring his income as Governor of
Mizoram.  hit  screens  across  India  and
This  was  revealed  in  the  affi­
davit filed along with the nomin­
ation  papers  here  on  Friday.  Ra­
jasekharan has ₹512 on hand and
deposits  of  ₹1,05,212  with  two
branches  of  the  erstwhile  State
Bank  of  Travancore.  He  quit  the
Governorship (May 2018 to March
2019) and was picked to contest
against  sitting  Congress  MP
Shashi Tharoor.
Rajasekharan  owns  ancestral
property worth ₹10 lakh. Out of
the ₹31,83,871 received as salary as
Governor, Rajasekharan donated
the  entire  proceeds,  save  the
amount declared in bank depos­
its, to voluntary organisations.  corted  by  hundreds  of  two­
He  has  been  named  in  two
cases  involving  unauthorised
public  gatherings  registered  at
the  Cantonment  Police  Station
hits screens worldwide
KV KURMANATH
Hyderabad, March 29
Lakshmi’s NTR,  a  biopic  on
Telugu  Desam  Party  (TDP)
founder and actor NT Rama Rao,
abroad, barring Andhra Pradesh.  This is the second biopic on NTR’s
Kummanam Rajasekharan Acting  on  a  petition  by  TDP
submits his nomination papers leaders,  the  Andhra  Pradesh
to District Collector K Vasuki  High Court barred its screening
here. On Friday, he filed a single in the State till April 3, when the
set  of  papers,  countersigned  by judges will watch the film.  udu and  Mahanyakudu)  a  few
Goshala  Vishnu  Vasudevan,  a
former high priest of the Sabar­ ‘Release on schedule’
imala temple. The chief trustee of “The  film  is  releasing  globally
the  Harivarasanam  Charitable today  as  scheduled,  except in
Trust,  Balamaniamma,  paid  the Andhra Pradesh. We are moving
security  deposit  of  ₹25,000  for the  Supreme  Court  in  appeal
Rajasekharan.  The  papers  were against the AP High Court order,”
filed  at  noon  before  K  Vasuki, Ram Gopal Varma, director of the
Thiruvananthapuram  Collector film, said. The film ruffled some
and District Election Officer.  feathers in the TDP, as Varma had
Earlier,  Rajasekharan  was  es­ hinted that the film captures the
dramatic ouster of NT Rama Rao
wheeler  riders  to  the  Collector­ as Chief Minister of Andhra Pra­
ate.  BJP  State  unit  President  PS desh  in  1995.  N  Chandrababu
Sreedharan Pillai, among others, Naidu, Rao’s son­in­law, had then
were present.  gathered the majority support of
Ram Gopal Varma
TDP  legislators,  depleting  NTR’s
base and became Chief Minister.
NTR  blamed  Chandrababu  for
‘backstabbing’ him and vowed to
win  back  power.  He,  however,
passed away a few months later.  make a biopic on NTR from the
The TDP is concerned that this
film could cast a shadow on its
prospects in the upcoming elec­
tions. TDP leaders and followers
moved the courtand the Election
Commission, appealing for post­
ponement  of  the  film’s  release.
They also fear that their political
opponent  YSR  Congress  Party
could use the film in their cam­
paign against the TDP.  angere  Lok  Sabha  constitu­
Second biopic
life  in  a  span  of  three  months.
NTR’s son Balakrishna produced
(and essayed his father’s role) in a
two­part  biopic  (Kathanayak-
months ago. Both the films tried
to recap the main events of NTR’s
life  as  an  actor  and  politician.
They, however, avoided the 1995
crisis. The films didn’t do well at
the box office.
Simultaneously,  Ram  Gopal
#3585
Varma  announced  his  plans  to
the  community  that  prac­
perspective  of  the  actor­politi­
cian’s second wife Lakshmi Par­
vati.  He’d  been  quite  vocal  on
social  media  and  TV  channels
about  the  story  line,  throwing
light  on  the  behind­the­screen
events.
OUR BUREAU
Bengaluru, March 29
The ruling Janata Dal Secular
asked. 
He also rejected the possibility of
the Opposition joining hands after
the  elections,  saying,  “Today  they
(JDS)­Congress  coalition  in are  leaving  no  stone  unturned  to
Karnataka  received  a  jolt  as put each other down. You look at all
its  candidate  for  the  Dav­ their statements.” 
He  said  the  Opposition  joining
ency, Shamanur Shivashank­ hands post­polls can happen only if
arappa, declined to contest.  people give fewer seats to him. 
As the 87­year­old Congress Shamanur Shivashankarappa
leader rejected the offer, the ‘People just want Modi’
party is on a frantic search for angere constituency. But con­ “When the people of this country
a suitable candidate. sidering Shivashankarappa’s have made up their mind to give
Shivashankarappa,  who  is stature and the influence he highest number of seats to Naren­
the  President  of  the  Akhila wields  in  the  region,  the dra Modi, then what can happen?
Bharata Verrashaiva Lingayat party chose him.  The results are certain. There is no
Mahasabha, had vehemently The party is now reconsid­ doubt about that. The people of the
opposed  splitting  the ering Mallikarjun and is also country have decided to bring in a
Lingayat community.  looking at HB Manjappa, dis­ government  that  enjoys  absolute
He  also  had  opposed  the trict  president  of  the  KPCC majority. They have made up their
previous  Congress  govern­ and former a zilla panchayat mind to give NDA a mandate for a
ment’s  decision  to  accord member, and Tejaswi Patel, a 300­plus government,” he asserted.
separate  religious  status  to zilla panchayat member and Responding  to  a  question  on
nephew of former Chief Min­ ‘Modi Vs who’, he said the question
tises the teachings of the 14th ister JH Patel.  might arise in 2024. “But there is no
Century  philosopher  Basa­ The BJP has fielded GM Sid­ such chance in 2019. The people of
vanna.  deshwara  as  its  candidate. this  country  have  made  up  their
Before candidate selection, The Congress has to take a de­ mind about one side. That is why
the name of Shivashankarap­ cision in a couple of days as the people of the country are not in
pa’s son, SS Mallikarjun, was the  last  date  for  filing  of search for a competing face. Not at
doing the rounds for the Dav­ nomination papers is April 4.  all.” 

Cap on autorickshaws in DRDO’s bio-digester: A clean way to Car2Drive ‘subscription’

Delhi can be removed only
after proper study: SC
PRESS TRUST OF INDIA
New Delhi, March 29
The  Supreme  Court  on  Friday
said  the  cap  imposed  on  the
number of autorickshaws in the
national capital can be removed
only after empirical data collec­
tion  and  by  ascertaining  how
many vehicles the city roads can
tolerate.
The  top  court  said  Delhi  is
already  overcrowded  with  al­
most  32  lakh  cars  and  adding
more autos in the city may lead
to  more  congestion  and  traffic
snarls. A bench of Justices Arun
Mishra  and  Deepak  Gupta  said
the  views  of  the  Delhi  govern­
ment  are  also  required  in  the
matter before passing any direc­
tion  on  the  plea  filed  by  Bajaj
Auto seeking removal of cap on
autorickshaw.  The  lawyer,  ap­
pearing for Bajaj, referred to the
Environment Pollution (Preven­
tion  &  Control)  Authority
(EPCA) report which has sought
removal  of  the  present  cap  of
one lakh autos in Delhi.  game changer in the sanita­
The  EPCA,  in  its  report,  said
the lack of a competitive, com­
prehensive  origin­to­destina­
tion public transport system, in­
cluding  first  and  last­mile
connectivity,  has  directly  con­
tributed  to  increased  private
ownership of vehicles, as well as
the  congestion  and  pollution
resulting from it.
The lawyer told the court that
Bajaj  was  coming  out  with  a
new  technology  in  its  auto
which  is  more  environment­
friendly  and  said  the  public
transport  system  in  the  city
needs to be strengthened.
dispose of human waste, recycle water
OUR BUREAU
Mangaluru, March 29
The  bio­digester  technology
developed by the Defence Re­
search and Development Or­
ganisation  (DRDO)  will  be  a
tion  sector  in  the  years  to
come,  according  to  Sudhir
Mande,  Managing  Director
of  the  Dharwad­based  MM
Industrial Controls Pvt Ltd.  digester  tanks  that  converts
MM  Industrial  Controls  is
one  of  the  companies  that
got  this  technology  trans­
ferred from DRDO.  Indigenous technology
Speaking  at  the  demon­
stration  of  the  biodigester
technology at Dakshina Kan­
nada Nirmithi Kendra on the
campus of the National Insti­
tute  of  Technology
Karnataka  (NITK)  at
Surathkal  in  Mangaluru
X
W technology  uses  anaerobic
The technology microbial  inoculum  (a  ma­
developed by DRDO is terial  used  for  inoculation)
now being used by the to convert faeces into biogas
Indian Railways and by and  water  that  can  be  used
the armed forces for  agriculture  and  garden­
ing purposes.
taluk  on  Friday,  Mande  said Customisable
the bio­digester consists of a Stating that a live septic tank
bio­toilet  attached  with  bio­ in  conventional  toilets  can
be  converted  into  bio­di­
human  faeces into  biogas gester tanks, he said only 30
and reusable water.  per cent of space is required
for  a  bio­digester  tank  com­
pared to a septic tank.
The  technology  developed Bio­digester tanks are low
by  DRDO  is  now  being  used on maintenance and install­
in  the  Indian  Railways  and ation costs.
by the armed forces. The  tanks  can  be  custom­
Lokendra  Singh,  a  DRDO ised  based  on  the  require­
scientist, was responsible for ments  of  the  local  condi­
the  development  of  this tions,  and  can  operate  in
technology,  he  said.  The temperatures  ranging  from
minus (­) 20 degrees to 50 de­
grees.  He  said  this  techno­
logy  can  be  used  in  inde­
pendent  houses,  apartment
blocks,  schools  and  other
educational institutions and
hostels.
Maintenance-free
In  most  urban  areas,  septic
tanks and open wells are loc­
ated in close vicinity leading
to the contamination of well
water.  taking  significant  loans.  The
Bio­digester  tanks  elimin­
ate such issues, he said.
The bio­digester tanks are
maintenance­free  for  the
lifetime, as the anaerobic mi­
crobial inoculum is fed only
once.  changing  in  its  character,  and
It feeds on the faecal mat­
ter  and  multiplies  by  itself,
he said.  liver  more  than  500  vehicles
services in Hyderabad
OUR BUREAU
Hyderabad, March 29
over  the  next  three  years.
Car2Drive plans to raise $100 mil­
Multi­brand luxury car subscrip­ lion  to  spread  our  wings  pan­In­
tion  services  company dia,” added Kedar, partner Driven. 
Car2Drive, powered by Driven, a
Bengaluru­based  firm,  has
launched  its  operations  in  Hy­
derabad. 
The services company handed
over new Mercedes Benz keys to
Indian  cricketer  Yusuf  Pathan
and BMW keys to Basil Thampi. 
Car2Drive  is  a  start­up  offer­
ing  car  subscriptions  as  an  al­
ternative to the traditional pur­
chase  option,  which  involves
company  has  delivered  more
than ₹10 crore worth of vehicles.
It also announced an official tie­
up  with  SunRisers  Hyderabad.
Ashwin  Jain,  MD,  Driven,  said,
“The  mobility  market  is  ever
new  options  are  emerging  by
the day. We are expecting to de­

NTPC-Simhadri setting up Ducati opens dealership in Home buyers’ ‘intervention

floating solar power plant
OUR BUREAU
Visakhapatnam, March 29
NTPC­Simhadri  here  is  set­
ting  up  a  25  MW  floating
solar power plant in its water
storage  reservoir  as  part  of
the  company’s  efforts  to  di­
versify  into  the  solar  seg­
ment, according to AR Maiti,
Group General Manager.
Addressing the media here
on  Friday,  he  said  NTPC­Sim­
hadri  was  also  setting  up  a
flue­gas  desulphurisation
plant  (FGD)  like  the  other
thermal stations of the com­
pany.  plant.  plantation programme.
Fly ash bricks
“We  are  encouraging  many
fly­ash  based  applications.  A
local researcher, Kalidas, has
come  up  with  the  idea  of
nano­concrete  housing  us­
ing fly ash bricks. We are ex­
perimenting  with  it,”  Maiti
said.  more  than  what  it  was  stat­
He  said  NTPC­Simhadri
had  four  units  (500  MW
each) and the plant was oper­
ating  at  70.98  plant  load
factor  (PLF)  this  year  as
against 67.2 per cent last year.
Maiti  said  the  plant  was
getting  coal  from  Talcher  in
Odisha and there were a few
challenges in fuel supply and
the  unit  was  also  importing
coal  and  mixing  it  with  the
local  variety  to  operate  the
He  said  NTPC­Simhadri
was  giving  utmost  import­
ance  to  safety  and  the  plant
was  divided  into  15  safety
zones and all safety measures
were being taken. NTPC­Sim­
hadri was also giving job­spe­
cific  training  to  contract
workers  and  paying  them
utorily  obliged  to  do,  he  ad­
ded.  country in Hyderabad.
CSR activities
Maiti explained the CSR activ­
ities  of  NTPC­Simhadri  and
how it was helping the local
community.  He  also  spoke
about  NTPC’s  initiative  in
conservation  of  olive  ridley
turtles and other eco­friendly
measures  such  as  participat­
ing in the Green Visakha tree
For  the  oncology  ward  at
King  George  Hospital,  the
main  government  hospital
in  Visakhapatnam,  NTPC­
Simhadri  was  contributing
₹5­6  crore  of  the  ₹60  crore
committed by various PSUs.  bikes,  including  the  Pani­
Hyderabad; 9th in India feasible only in small projects’
OUR BUREAU
Hyderabad, March 29
Italian  luxury  motorcycle
brand  Ducati  has  launched
its  ninth  dealership  in  the
The 10,300 sq ft 3S facility
in  Hyderabad  has  been  es­
tablished  by  S&S  AutoNa­
tion  and  is  located  in  Ban­
jara Hills.  for  Ducati  in  India.  After
The  dealership  is
equipped with 3S facilities –
sales,  service,  spares  –  and
will  cater  to  the  entire
range of Ducati motorcycles
of  31  models  across  seven
different  families,  ranging
from  the  iconic  Monster  to
the powerful Diavel, the ver­
satile  Multistrada  and  Hy­
permotard  family,  sport­
road  SuperSport,  and  the
powerful  Panigale  super­
gale  V4  and  the  V4  R.  Apart
from  this,  the  entire  Scram­
bler  range  —  Scrambler
Icon,  Classic,  Desert  Sled
and  the  Café  Racer  will  also
be  available  at  the  dealer­
ship,  including  the  recently
launched  Scrambler  1100
family.
“2019 is off to a great start
successfully  completing  the
Dream  Tour  to  Rajasthan
and  the  Off­Road  Days  2nd
edition  in  Bengaluru,  we’re
thrilled to expand our reach
in  Hyderabad,”  said  Sergi
Canovas, Managing Director
of Ducati India.
Ducati’s  current  motor­
cycle  range  starts  with  the
Scrambler Icon at ₹7,28,000
and  goes  all  the  way  to  the
Panigale  V4  R  at  ₹51,80,000
ex­showroom.
GARIMA SINGH
New Delhi, March 29
The recent trendof home buyers
chipping  in  to  help cash­
strapped real estate developers
to finish a project and take deliv­
ery seems a feasible option only
in  the  case  of  small projects
where most of the construction
has  taken  place,  believe  stake­
holders.  Such  cases  require  profes­
“Due  to  small  amounts  of
money being involved in smal­
ler  projects  —  where  there  are
five­six buildings to be construc­
ted — this is the last, but ideal op­
tion to get a flat on time,” said
Chitra  Sharma,  a  homebuyer
who  has  moved  the  Supreme
Court against Jaypee Group.
With more people involved in
larger projects, one of the major
challenges  is  to  create  a  con­
sensus among home buyers. “In
such a set up it gets difficult to
bring  unanimity  and  make
everybody  pay  up,”  said  Mu­
dassir Zaidi, Executive Director –
North, Knight Frank India. 
Industry  experts  are  also  of
the view that this can be the op­
tion only when a project is in its
last  stage as  there  is  optimism
that upon pooling in some extra
amount,  the  project will  get
completed. 
sional  monitoring  of  funds
which can lead to an increase in
the project cost. 
“So, there are two ways to en­
sure proper utilisation of funds.
Either hire a professional or the
buyers pool the required skillset
from  among  themselves,”  said
Rahul Maroo, Senior Vice­Presid­
ent, Omkar Realtors. 
Pankaj  Bajaj,  President,
Credai­NCR, said that the cost of
management of a project will be
3­5  per  cent  but  time  and  cost
overruns can be avoided. 

CM . ...... . . ...CH-CHE
YK
© 2006-2017 Kasturi & Sons Ltd. -sonal -sonalsingh133.ss@gmail.com -
CHENNAI

16 VARIETY BusinessLine
SATURDAY • MARCH 30 • 2019

ON A HIGH TABLE

Two ‘Shaktis’ — many similarities, some contrasts

2 decades after the nation made big-bang
nuclear entry, it is a space superpower, too
M SOMASEKHAR
Hyderabad, March 29
In  two  decades,  India  has
flexed  its  technology  muscle
twice.  The  first  time  in  the
depths  of  Earth  and the,
second,  high  in  the  sky.  The
country resoundingly  an­
nounced  its  entry  as  a  nuc­
lear  power  in  1998  and  as  a
space power in 2019.
There  are  several  interest­
ing  parallels  in  the  two  his­
toric  shifts  in  India’s  march,
or  as  critics  term  it  ‘Jingo­
ism’,  in  the  global  comity  of
nations  with  strategic  sci­
entific capabilities.
The first prominent feature
being  the  BJP­led  govern­
ment’s  bold  and calculated
decisions, on both occasions.
On  March  27,  the  BJP­led
NDA  Government,  under
Prime  Minister  Narendra
Modi, announced that a satel­
lite  in  the  Low  Earth  Orbit
(LEO)  at  300  km was  des­
troyed  in  three minutes  us­
ing  an  advanced  missile  and
confirmed  India  as  a  space
power.
The A­Sat, a new three­stage
missile  built  by  defence  sci­
entists  with  advanced  tech­
nologies,  flew  300  km in
three minutes,  targeting a
tiny moving  Indian  satellite.
The PM proclaimed to the na­
tion  via  a  broadcast: “India
has  joined  US,  Russia  and
China as the fourth nation to
have this capability.”  ordination  with  the  Indian
Operation SHAKTHI
In  contrast,  in  1998  Atal  Be­
hari  Vajpayee,  who  was  lead­
ing  a  coalition  of  the  Na­
tional  Democratic  Alliance
(NDA),  with  the  BJP  as  the
single  largest  Party surprised
everyone  by  going  in  for  the
nuclear explosions.  An entirely new missile called
In  the  deserts  of  Pokhran
on May 11 and 13, India carried
out  a  total  of  five explosions,
including  a  thermonuclear,
or Hydrogen, bomb. Vajpayee
announced  that  India  had
conducted  three tests  suc­
cessfully  to  become  a  full­
fledged nuclear nation.  tions  have  been  code­named
Pokhran­1,  code­named
‘Smiling Buddha’, was carried
out in Pokhran in 1974 under
Prime  Minister  Indira
Power ride The A-SAT, with advanced technologies like Infrared
Imaging Radar seekers, was successfully tested from the
Wheeler Island, off the Odisha coast
Gandhi.  It  attracted  severe
sanctions.  Coincidentally,
both  the  ‘top  secret’  opera­
Shakti.
In  1998,  Pokhran­II,  PM  Va­
jpayee  had  R  Chidambaram
and APJ  Abdul  Kalam  from
the  Atomic  Energy  and  De­
fence  establishments  to  ex­
ecute  the  nuclear  tests.  R
Santhanam from the Defence
Research  Development  Or­
ganisation  (DRDO),  coordin­
ated the effort.
The  foundation  for  the  un­
derground,  simulated  tests
was  laid  by  the  Congress  (I)
regime under Prime Minister,
PV Narasimha Rao. Kalam was
the  then  Scientific  Advisor  to
the  Defence  Minister  and
DRDO and Chidambaram, the
Chairman of  the  Atomic  En­
ergy Commission (AEC).  Reddy, had announced that it
Shakti  2019  was  led  by  G
Satheesh Reddy, Scientific Ad­
visor  to  the  Defence  Minister
and Chief of the DRDO, in co­
Space  Research  Organisation
(ISRO).  Interestingly,  the  en­
tire  exercise  seems  to  have
been  executed  in  two
months. The downed satellite
was  launched  by  ISRO  in
January 2019.  cure  under  the  leadership  of
Timing and Implications
A­SAT,  measuring  12­13
metres,  with  advanced  tech­
nologies including RLG­based
Gyroscope  and  Infrared  Ima­
ging Radar seekers, that gave
it  the  ‘homing  and  kill’  abil­
ity of a moving object was in­
digenously built and success­
fully  tested  from  the  APJ
Abdul  Kalam  (Wheeler  Is­
land)  Island,  off  the  Odisha
coast.
The  basic  technological
capability  to  destroy  satel­
lites  was  established  around
2011­12  by  the  DRDO,  when  it
demonstrated  an  interceptor
missile  destroying  an  incom­
ing missile in simulations. VK
Saraswat,  then  DRDO  chief
and  mentor  to  Satheesh
was  possible  to  destroy  en­
emy  satellites  with  missile
power.
The  timing  of  the  A­SAT
missile test has raised an out­
cry  from  the  Opposition  as
the elections to the Lok Sabha
will begin on April 11.
The claim that India has be­
come stronger and that its se­
curity  concerns  are  more  se­
Modi  is  the  theme  that  the
BJP  is  building  up  as  a  key
campaigning pitch.  leading the BJP, and the NDA,
The  Indian  Air  Force’s  dra­
matic  strike  on  a  terrorist
camp  in  Balakot,  inside
Pakistan,  as  a  strong  retali­
ation  to  the  Pulwama  attack
on  a  CRPF  convoy  that  left
about  50  Jawans  dead,  is  an­
other  demonstration  of
strength, says the BJP.
While  the  Opposition
parties  have  carefully  lauded
the  efforts  of  the  IAF  and  the
defence scientists, they are at­
tributing  political motives to
the  Modi  regime.  Modi  and
the  BJP  are  leading  the  NDA,
with  the  party  having  won
282  seats  and  independently
getting  a  majority  in  2014
and the country a reasonably
strong, growing economy.
International response
On  the  international  front,
the Star War act has attracted
a subdued  response.  The  US
said it was tracking the event
and the issue of space debris,
while stating its position as a
key  partner  in  India’s  space
and defence programmes.
The  big  question  is:  will
these  decisions  by  the  Modi
Government  give  it  political
dividends?
In  contrast,  Vajpayee  was
with  his  party  way  short  of  a
majority on its own, after the
elections in January­March of
1998.  Within  two  months  of
assuming  an  ‘unstable’  PM
position,  Vajpayee  decided  to
conduct the tests.  October  1999  elections,  the
While  it  won  appreciation
at  home,  the  move attracted
international  condemnation,
with the US in the lead.  from  180  in  1998.  But  Va­
The  US  was  taken  by  sur­
prise  in  1998,  unlike  in  1995­
96,  when  it had  reportedly
detected  the  preparatory
work undertaken by the Con­
gress  (I)  government  of
Narasimha  Rao  and  put  pres­
sure on it to halt the test. 
The  NDA  government’s
political  vulnerability  and
struggling  economy  got  it
into many challenges. The In­
dian  nuclear  establishment
had to brave a series of curbs
and  sanctions  for  nearly  a
decade thereafter.
The  provocation  for  Va­
jpayee  to  conduct  the  tests
was  more  to  establish  the
country  as  a  strategic  power
in  the  sub­continent,  while
trying  to  win  the  favour  of
the people and political allies
in the long run. However, just
over  a  year  after  Pokhran,  In­
dia  ended  up  engaging
Pakistan  in  the  Kargil  (May­
July, 1999) conflict.
The  Vajpayee  government
fell,  when  the  AIADMK  led  by
J Jayalalitha  withdrew  sup­
port  and  in  the  September­
NDA  came  back  to  power,
with  the  BJP  marginally  in­
creasing  its  number  to  182
jpayee  completed  a  full  term
till 2004.

MAKING A DIFFERENCE NO PAIN IS GAIN RECLUSIVES

‘Underwater’ homeowners group 600,000 Japanese
promotes climate change action It’s the gene: Scientists crack the strange
case of woman who does not feel pain over 40 live in social
NEW YORK TIMES needed  to  have  her  hip  re­ Until  her  conversation
isolation: Survey
March 29 placed.  Because  it  had  not with Srivastava, pain was not PRESS TRUST OF INDIA a Cabinet Office official in
She had been told that child­ caused her pain, she had not something  she  thought Tokyo, March 29 charge of the survey said.
birth was going to be painful. noticed  anything  was  amiss about.  More  than  600,000  Ja­ Until  recently,  it  was
But  as  the  hours  wore  on, until it was severely degener­ Perhaps it helped that even panese  people  over  40 thought  to  be  an  issue
nothing bothered her — even ated.  though  she  burned  and  cut are  living  in  complete mainly  affecting  teen­
without an epidural. Cuts,  burns,  fractures  — herself quite often, her injur­ isolation  from  society, agers  and  people  in  their
“I could feel that my body these did not hurt either. In ies  rarely  left  scars  —  some­ staying at home for more 20s  but  ageing  Japan  is
was  changing,  but  it  didn’t fact, it often took the smell of thing  else  that  scientists  be­ than  six  months  without seeing a growing number
hurt  me,”  recalled  the  wo­ Jo Cameron burning flesh or her husband lieve  is  connected  to  the social  interaction,  the of  middle  aged  hikiko-
man, Jo Cameron, who is now ously  identified.  The  study identifying  blood  for  her  to mutation. government  estimated mori cloistering  them­
71. She likened it to “a tickle.” emerged  amid  major  devel­ notice something wrong. on Friday. selves  away  for  longer
A yard sign stating the area is 8 ft above the sea level, in front of artist Later, she would tell prospect­ opments  in  the  emotionally Srivastava  referred  her  to Inherited mutation The  phenomenon  is periods of time.
Xavier Cortada’s studio, in Florida AP ive mothers, “Don’t worry, it’s charged debate over how to University  College  London’s A number  of  articles  have named  hikikomori — Around  half  of  those
not as bad as people say it is.” responsibly treat pain.  #3585

THE ASSOCIATED PRESS
Florida, March 29
The  ‘Underwater  Homeowners
Association’  sounds  like  a  sad
joke about the future of real es­
tate in flood­prone Miami.
It’s actually an earnest, block­
by­block  effort  to  turn  neigh­
bours  into  climate  change  ad­
vocates.  The  main  idea  is  to  encour­
Starting  in  his  own  affluent
suburb  of  Pinecrest,  artist
Xavier  Cortada  hopes  his
concept  will  spread,  helping
people nationwide understand
that melting polar ice is no ab­
stract threat.  ise there was something dif­
Cortada  re­purposes  “for
sale”  signs,  painting  partially­
submerged  numbers  that  an­
nounce  exactly  how  many  feet
above sea level each property is,
for people to plant in their front
yards.
age neighbours discuss climate
change  amongst  themselves,
and  then  take  action  locally.
What  happens  next  is  up  to
each group.
Only recently did she real­
ferent  about  the  way  her
body  experienced  pain:  For
the most part, it didn’t.
Scientists have been docu­
menting case studies of indi­
viduals who experience little
or  no  pain  for  nearly  100
years.  pain  and  did  not  want
But  the  genetic  mutation
that seems to be responsible
for  Cameron’s  virtual  pain­
lessness had not been previ­
Finding the unusual
The  sequence  of  events  that
led  scientists  to  investigate
Cameron’s  genes  began
about  five  years  ago.  After  a
hand  operation,  a  doctor
seemed  perplexed  that  she
was  not  experiencing  any
painkillers.
A few follow­up questions
revealed  that  Cameron  was
unusual.  At  65,  she  had
Molecular  Nociception
Group, a team focussed on ge­
netic  approaches  to  under­
standing the biology of pain
and  touch.  They  had  some
clues for her.
James  Cox,  a  senior  lec­
turer  with  the  group  found
what he was looking for on a
gene the scientists call FAAH­
OUT. All of us have this gene.
But  in  Cameron’s  case,  “the
patient has a deletion that re­
moves the front of the gene,”
he said.
been  written  about  parents
of children with similar con­
ditions.  work  for  six  months  and
Many  live  in  fear  that
without  pain,  their  children
won’t  learn  how  to  avoid
hurting themselves. Her par­
ents never made it an issue,
she  said.  She  suspects  this
may be because she inherited
the mutation from her father.
“I  can’t  remember  him
needing any painkillers,” she
said.  “I  think  that’s  why  I
didn’t find it odd.”
defined  as  someone  who
does  not  go  to  school  or
does  not  interact  with
anyone outside their fam­
ily during that time.
The survey estimated
there were 613,000 hikiko-
mori aged  between  40
and  64,  nearly  three­
quarters  of  whom  were
male.
“The  number  was  big­
ger  than  imagined.
Hikikomori isn’t  an  issue
only for younger people,”
included  in  the  survey
had  been  reclusive  for
more  than  seven  years,
the government said.
The  figure  is  higher
than  the  estimated  num­
ber  of  hikikomori under
the  age  of  39,  thought  to
be  around  541,000  ac­
cording  to  a  similar  gov­
ernment  survey  pub­
lished in 2016.
Many  of  the  hikikomori
are  thought  to  be  finan­
cially  dependant  on  their
ageing parents.

CM . ...... . . ...CH-CHE
YK