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| Organic methods
reap a house full of mangoes from a single tree CHENNAI, May 12: Having nurtured the Mysore Badami mango tree for as long as 14 years, the.....more Delhi Govt to set up captive NEW DELHI, May 12: Faced with the spiralling demand for power, Delhi Government has acquired.....more Price hike in tea, spices, NEW DELHI, May 12: Sharp increases in the prices of tea, PVC fittings and accessories together .......more For mango lovers the MUMBAI, May 12: Hapus mangoes are more luscious this time, but lovers of this fruit would have to ....more |
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CPCB orders
closure of Meakins polluting unit; Warns of action NEW DELHI, May 12: The Central Pollution Control Board (CPCB), which has asked Mohan Meakins ...more RBI’s advice to have MUMBAI, May 12: The Reserve Bank of India’s advice to banks to refrain from charging....more Silver gains, gold, edible MUMBAI, May 12: Metal prices such as copper varieties and precious metal silver strengthened....more Shares falter on Friday, MUMBAI, May 12: Equities carried their upward march during the week barring friday when shares...more |
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Organic methods reap a house
full of mangoes CHENNAI, May 12: Having nurtured the Mysore Badami mango tree for as long as 14 years, the family was disappointed with a meagre yield of about 100 mangoes and wanted to chop it down. However, the head of the family, Dr H K Lakshman Rao, who had developed an emotional attachment to the tree, refused the suggestion and decided, as a last ditch effort, to use natural organic manure instead of chemical fertilisers. The result was nothing less than spectacular. "When we harvested the mangoes last week, we thought it would be a routine affair and would be over in about half-an-hour’s time. But that was not to be. We are amazed by the yield as it took nearly ten hours to finish the job...And the house was full of mangoes," Dr Rao told UNI, proudly pointing to the mango tree in the compound of his house in a south Chennai locality. "After our own consumption and gifting to relatives and friends, there were lot of mangoes left. We sold it at a very nominal rate that yielded Rs 4,000. There was mad rush for the mangoes and many of them had to go home empty handed...," he added. Ironically, the 63-year-old Dr Rao, a management consultant associated with BITS, Pilani, IGNOU and AIMA, had been in the marketing division of Madras Fertilisers Ltd. for 23 years. He told UNI that all these years, no expense was spared in looking after tree. Timely application of fertilisers, chemical pesticides and regular watering was carried out. The tree started yielding crop from the seventh year, but it was too meagre, mostly infected with pests and unfit for consumption. The changeover to organic cultivation methods have paid rich dividends as the tree has started yielding more than 2000 mangoes much to the amazement of the residents of the South Chennai locality. Dr Rao said he was also getting queries from various quarters, including from outside the state, about his cultivation methods. He said as a first step, he had trimmed the tree immediately after harvest in June last year. The lopped off leaves, both green and dry and the tender stems were raked into a 1.5 feet deep pit dug near the tree. Subsequently, the ditch was topped with mud. A large quantity of neem leaves, procured from the trees lining some streets in the neighbourhood, were put into another pit near the root system of the mango tree along with neem cake and sand as a substitute for chemical fertilisers. The moisture content was maintained with a little bit of watering. Dumping of coconut husk in and around the tree also helped in retaining moisture, reducing the need for frequent watering. Neem oil, instead of chemical pesticides, was sprayed once in three months in July, October and January. The result was that the tree became pest-resistant. A "vermipit" was set up on one side of the house in which earth worms, vegetable wastes and kitchen wastes were put and covered with mud. After two months, it became good organic manure for the tree. Dr Rao claimed that the neem leaves, coconut husk and the neem oil provided some sort of nutrition to the tree as it not only increased the yield manifold, but the size and the taste of the mangoes also improved. Hardly any fruit suffered pest infestation, he added. He said he found that with this treatment, the tree became much healthier. Dropping of flowers and withering of the mangoes were also significantly reduced. "When we were spending about Rs 1,500 to Rs 2000 for chemical fertilisers, the yield was very low and the return was only pests," Dr Rao said. "For Rs 300 spent on organic manure by way of collecting falling neem leaves from other parts of the locality, we got a return of more than 2000 mangoes," he said. The mantra for Dr Rao is simple. "The focus of the management is on adopting the available resources to the best of one’s advantage...Whether in an industrial plant or on a mango plant. I did that exactly," he said with a smile. "If everyone adopt this same system, self-sufficiency could be achieved, leading to bumper crops everywhere and bring down the market price of mangoes to affordable levels for common man," he added. Dr Rao’s other interests include rain water harvesting and solar energy. At his residence, he had set up a rain water harvesting facility which he claimed improved ground water quality and quantity. He had also installed solar heater at the terrace of his residence and a solar lamp is the latest addition. (UNI) |
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Delhi Govt to set up captive power plant in Chhatisgarh NEW DELHI, May 12: Faced with the spiralling demand for power, Delhi Government has acquired land in Chhattisgarh for setting up a captive power plant to augment supply of electricity to the capital by 1000 mw. "We have acquired land in Korba for power generation to the tune of 1000 mw from the plant to be set up at coal pitheads and the modalities are being worked out," Delhi Power Minister Ajay Maken told UNI. Mr Maken said Central Electricity Authority (CEA) had already been appointed as consultants for the power project which will take care of the capital’s needs for electricity in the long-term. "The CEA is the final authority for techno-economic clearance and its role as consultants will expedite the process," reasoned the minister who visited the site recently along with officials. Expressing concern over the high aggregate transmission and commercial (at C) losses which stood at 51 per cent in the capital, Mr Maken said privatisation of Delhi Vidyut Board (DVB) had been initiated from the distribution side with an accent on efficiency. "Power privatisation process elsewhere since early 1990s started at the wrong end of generation. It should have started from the distribution side." The capital’s peak demand for power this summer (July/August) is expected to be around 3300 mw, a ten per cent increase compared to last year’s 2900 mw. Mr Maken said the city Government had made adequate arrangements to meet the present level of requirement of electricity. "There is gap between demand and supply and this obviates the need for load shedding," he said. The peak demand crossed the 3000 mw mark on May 10 (3042mw) and dvb supplied 2989 mw, leaving a gap of 53 mw. Last year, the peak demand had touched 2950 mw. Out of the total supply, Delhi Vidyut Board’s own generation is around 350-400 mw from Rajghat, Indraprastha and gas stations while Badarpur Thermal Power Station contributes 600-650 mw. The central sources like NTPC, NHPC and NPC account for 1200-1500 mw while purchase po power through power tyrading corporation brings about 550 mw. Mr Maken said first phase of Pragati power plant with a capacity of 90 mw would be operational early next month and the entire project of 330 mw by the year-end. He said privatisation of the distribution system would augment the supply to consumers by checking theft of power. "It gets difficult for the Government to come up with tough measures to check power theft due to certain political compulsions which the privatre companies will not have to face," he reasoned. He said the Delhi Government was trying to avoid the negative aspects of the privatisation process as seen in other states. "Ours will be a model system." (UNI) |
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Price hike in
tea, spices, veggies pushes inflation NEW DELHI, May 12: Sharp increases in the prices of tea, PVC fittings and accessories together with a moderate hike in spices, marine fish and vegetables pushed up the inflation rate by a slight 0.12 points to close at 1.56 per cent during the week ending April 27 in comparison to the previous week’s 1.44 per cent. In the corresponding week last year, it was much higher at 5.54 per cent. The rate was arrested due to the rates of newsprint, manufactured food products, antibiotics, iron forging, steel furniture sliding down. With prices of PVC fittings and accessories climbing up 18 per cent, tea dearer by ten per cent and other primary food articles like condiments and spices (three per cent), barley, arhar, fish marine (two per cent each), moong, fruits and vegetables (one per cent each), the wholesale price index for all commodities (base 1993-94) inched up by 0.1 per cent to 162.5 as compared to 162.4 the week ending April 20. For the week ended March 2, 2002, the final WPI for all commodities stood at 162.0 as against the provisional index of 161.5 and the annual inflation rate based on the final index was calculated at 1.95 per cent as against the 1.64 per cent, provisionally announced earlier. In the major primary articles group, the index rose by 0.2 per cent to 169.3 from 169.0 — food articles going up 0.5 per cent to 177.5 from 177.0 even though prices of jowar and gram (two per cent each), maize and masoor (one per cent each) show a downslide. Non-food articles group declined by 0.3 per cent to 152.5 from 152.8 the previous week due to lower rates of fodder (seven per cent), soyabean (four per cent), sunflower (three per cent), raw silk (two per cent), rapeseed and mustard seed, kardi seed and raw tobacco (one per cent each). Prices of copra (two per cent), raw cotton and groundnut seed (one per cent each), however, moved up. In the major group of fuel, light and lubricants, the price index remained constant at the previous week’s level of 231.3. The manufactured products group witnessed a rise of 0.1 per cent to 144.8 from 144.7 the last week. Food products, however, registered a dip of 0.1 per cent to close at 144.8 from the earlier 144.7 with processed tea (ten per cent), sooji-rawa (three per cent), maida and atta (one per cent each) costing less but gur (two per cent), bran, hydrogenated vegetable and groundnout oils (one per cent each) moving up. Beverages, tobacco and tobacco products index shot up 1.3 per cent to 201.5 from 199.3 due to a hike in the price of cigarettes (three per cent) as did that of the textiles group from 115.8 up 0.2 per cent to 116.0 primarily due to polyester staple fibres becoming four per cent dearer. Hessian (jute) cloth, however, became cheaper from the previous week by a marginal one per cent. The index for the paper and paper products group slipped 2.4 per cent to 165.1 from the 161.1 registered the previous week mainly because newsprint plummeted 12 per cent along with printing paper, white and cream laid woven paper (three per cent each), and boards of all kinds (two per cent) coming cheaper. Rubber and plastic products group showed a modest rise of 0.3 per cent from 125.6 to 125.9 points despite pvc fitting and accessories costing a whopping 18 per cent more. Plastic items though declined (four per cent). The provisional price index for the chemicals and chemical products group notched up 0.2 per cent from 171.9 to 172.1 with ammonium sulphate n-content (three per cent), urea N-content and syrup getting more expensive and antibiotics and synthetic rubber coming cheaper. Non-metallic mineral products climbed 0.6 per cent to 141.8 from 140.9 with cement costlier by one per cent and building bricks down by two per cent while basic metals, alloys and metal products rose by 0.2 per cent to 141.0 from 140.7 due copper wires of all types going up a staggering 15 per cent although forging (six per cent), steel furniture (five per cent), LPG cylinders (three per cent), pipes and tubes (one per cent) dipped. The machinery and machine tools group, however, showed a downward trend of 0.1 per cent from 129.3 to 129.2 owing to lower prices of excavators (three per cent), enamelled copper wires (two per cent) and cranes (one per cent). The index for transport equipment and parts rose by 0.1 per cent to 149.2 from 149.1 (provisional) for the previous week due to autorickshaws becoming costlier by one per cent. Indices for all other groups remained unaltered from their previous week’s level. (UNI) |
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For mango lovers the dear has become dearer MUMBAI, May 12: Hapus mangoes are more luscious this time, but lovers of this fruit would have to squeeze their purse further to get the extra juice. The prices of this variety of mango are prohibitive and their quantity arriving in the biggest fruit market of the country, Navi Mumbai, this season is one third of what it used to be in this period in the previous years. Traders fear that the fruit would further go out of the reach of the common man if it does not arrive in sufficient quantities in the market in the coming days. According to Krishi Utpadan Samiti sources, there has been a shortfall of 30 to 40 per cent in the arrival of mangoes in the Navi Mumbai market. Wholesellers say mangoes produced this year are more deliscious and juicy but they have not arrived in sufficient numbers to satiate the thirst of their lovers. Secretary of the APMC fruit and Vegetable Traders Association Vijay Dhoble says the mango crop was not as good as was expected and the most affected variety was hapus. May used to be the peak month of the arrival of mangoes with 200 to 250 trucks arriving in the market daily, but this season this number has dwidled to 60 to 50 trucks daily. Extremeness of weather is bad for mango crop. Excessive heat or moisture leads to a disease that causes great damage to the fruit. Moreover, it has been observed that a region giving good crop one year does not do so next year. According to statistics available from the market, hapus mangoes coming from vengurla are selling at Rs 500 to Rs 700 per carton of six to seven dozens while the carton having five to six dozen mangoes from Malwad is priced at Rs 350 to Rs 600.The carton having six to eight dozens of Vijaydurg mangoes is selling at Rs six to Rs 1000, while Devgarh mangoes(six to eight dozens) can be get for Rs 600 to Rs 800 and Rajapur (five to six dozens) for Rs 400 to Rs 700. A carton of four to six dozen Ratnagiri mangoes costs Rs 400 to Rs 700 and Alibaba(two dozens) Rs 250 to Rs 350. After may, mangoes will start arriving from Sindhdurg and raigarh. By mid June mangoes will be coming from Balsad in Gujarat and finally from Junnar area of Pune. Mango trade has registered a significant increase in the Navi Mumbai market during the last sixty years. Half ripe mangoes arrive here from Maharashtra and other states and then sold to different parts of the country. The most in demand is the hapus variety which is also exported to several countries. Besides hapus other varieties which arrive in the market here are Pairi, Kesar, Rajapuri, Karnatak Ka Badami, Totapari, Lalabagh, Neelam and Langra, Dussehri and Chausa from North India. Trader Narain Shinde says that there are various factors like loading and offloading charges and damage to the fruit during transportation due to weather factors etc which multiply the cost of the mango by the time it reaches the customer. Though mango crop has failed this year, the fruit can be seen in every market but is out of the reach of the common man. For mango lovers the dear has become dearer. (UNI) |
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CPCB orders closure of Meakins
polluting NEW DELHI, May 12: The Central Pollution Control Board (CPCB), which has asked Mohan Meakins Breweries to close down its Ghaziabad unit with immediate effect for allegedly causing water pollution, warned the industrial unit with stringent action if they fail to do so. "Action will be taken against Mohan Meakins Breweries if the industrial house falied to comply with Board’s directive to close down its Ghaziabad unit with immediate effect for allgedly causing water pollution," CPCB Chairman Dilip Biswas told PTI. "There are scores of complaints about violation of pollution control norms against many distilleries. We will have to look into all of these. Mohan Meakins is the first case where the Board has asked for the closure of one of its units," Biswas said. Stressing the need to review the efficiency of treatments of effluents being conducted by the distilleries in Uttar Pradesh, the CPCB Chairman said "the Board had already issued a letter in this connection to the State Government." The Board has received complaints from NGOs and other social organisations regarding the violation of various norms of Pollution Control Act, Biswas said. The CPCB on May 9 had ordered closure of the Ghaziabad unit of the Mohan Meakins Breweries following reports of discharging of untreated effluents by the unit into a wetland located close to it causing serious health hazards to the nearby human population. "I have ordered to close down the unit until the technology is improved and corrective measures are taken to improve the effluent treatment," Biswas said. The CPCB Chairman said the unit was an old one and was operating without the consent of the Uttar Pradesh Pollution Control Board. "The order was issued under the Section 5 of the Environment Protection Act for violating the norms and action will be taken under Section 15 of the same act for causing pollution if corrective measures are not taken," he said. (PTI) |
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RBI’s advice to have lower
spread over MUMBAI, May 12: The Reserve Bank of India’s advice to banks to refrain from charging "unreasonably" high interest rates has drawn flak from most bankers. Bankers says this move by RBI is a retrograde step that withdraws the freedom given to banks to lend at rates determined after assessing the risk profile of borrowers. A private sector bank Chairman said banks have to decide on the interest rates to be charged to borrowers based on the risk profile they carry, and the maximum cannot be capped in a certain band over the Prime Lending Rate (PLR). It would be imprudent to have a cap on spread over PLR at the lower side and lend to much riskier borrowers at the capped rate. He said the high risks involved are underlined by the fact that a couple of triple a rated corporates recently defaulted on some of their financial commitments. "If there is maximum cap on lending rates, corporates which do not meet the risk profile covered in a given spread will not be eligible to get finance," he said. A public sector bank official said, "we follow a rating methodology devised by a credit rating agency to assess the credit risk for corporate borrowers. If the process throws up a rating which is below a certain level, we just reject such loan application." "Ours is a highly conservative bank. Our spread over PLR is 4 per cent and borrowers with a risk profile beyond this spread are not entertained," he said. Bankers are of the view that such borrowers will have to approach banks which are willing to take a higher risk, which entails charging a little higher spread over PLR. Bankers say higher risks and resultant little higher rates only further RBI’s objective that "all legitimate requirements for credit are met." RBI, in its 2002-03 monetary credit policy, urged banks to review the present maximum spread over PLR and reduce it wherever it is unreasonably high "so that credit may be available to borrowers at reasonable interest rates." Bankers say lending to a borrower falling in a higher risk bracket cannot be at a "reasonable" rate as wished by the central bank. "If RBI insists on banks not having a spread over PLR beyond a certain limit, then should all banks stop lending to borrowers with higher risk? they asked. This will deprive legitimate requirements of borrowers who have a higher credit risk profile, they say. RBI said spreads above PLR of some banks are substantial and it is not reasonable to keep very high spreads over PLR in the present interest rate environment. Bankers said if a corporate has a good credit profile, no bank will dare to offer him to lend at high rates. Any higher spread over PLR charged by banks is purely a banking decision and not a margin maximisation exercise, they say. RBI has asked banks to publicly announce their maximum spread over PLR along with the announcement of their PLR and said it will review the matter again in October 2002 after further consultations with select banks with "very high spread over PLR." (UNI) |
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Silver gains, gold, edible oils, sugar weaken MUMBAI, May 12: Metal prices such as copper varieties and precious metal silver strengthened during the week on positive overseas and upcountry advice while commodities such as groundnut seeds, edible oils, sugar, and cotton suffered a setback due to improved stocks inflows at the local commodities markets during the week ended May 11. Yellow metal too weakened during the week. Bullion review: Silver touched a new peak of the year at Rs 8,180 per kg on strong London advice while, gold subdued on thin demand. Prices of standard mint and gold biscuit fluctuated in a narrow range during the week and finally eased slightly by Rs five and Rs 100 while closing at Rs 5,180 per ten gm and Rs 60,700 per ten tola respectively. Traders attributed the weak trend to diminished wedding seasonal demand from local customers and jewelry makers, aided by the discouraging advice from London bullion market. At the London market, yellow metal was quoted lower at USD 309/310 per troy ounce on May 10 compared with 310-311 of the previous weekend. Silver .999 fineness moved up during the week and fluctuated between Rs 8,000 and Rs 8,200 per kg before finally finishing higher by Rs 95 at a new peak of the year at Rs 8,180 per kg on May 11. The bullish advice from overseas markets and sustained heavy demand from local dealers and industrial users aided the price, traders said. At London, the white metal traded at USD 4.65 per troy ounce on May 10 against USD 4.58 on May 3, helping domestic prices, a leading trader said. Metals review: Copper utensils, wire prices up In ferrous metals (per quintal), copper heavy and utensils rose by Rs 50 each to Rs 10,250 and Rs 11,400 respectively on sustained brisk demand from local small scale units in view of the encouraging trend at London Metal Exchange (LME). However, in non-ferrous metals, lead ingots, zinc slab, tin slab and nickel cathode fluctuated in narrow range during the week and remained steady at Rs 4,100, 6,500, Rs 292 and Rs 465 per kg respectively on moderate demand from local bulk customers, traders said. Sugar review : Sugar prices weaken Prices of S-30 and M-30 grades drifted lower during the week owing to better arrivals from Maharashtra co-operative mills coupled with poor demand from local dealers. The decline can be attributed to poor demand from retailers and bulk consumers mainly from neighbouring centres. Both S-30 and M-30 grades finally slipped by Rs 15 and Rs five to Rs 1,390/1,443 and Rs 1,445/1,500 per quintal on heavy selling pressure by stockists amid better arrivals from mills, according to Mr Shantibhai Dedhiya, Vice President, Bombay Sugar Merchants’ Association. Cotton review: Cotton prices weaken on weak New York advice A few popular cotton varieties such as Bengaldeshi, Guj-797, Jaydhar, J-34 and H-4 declined between Rs 25 and Rs 50 during the week on negative advice from New York cotton futures market coupled with improved stocks arrivals from Saurashtra, Punjab and Delhi. Business volume was thin in the absence of fresh export and domestic demand during the week, a leading trader said. Following were the rates (in rupees per quintal): Bangladeshi fine - 3,909, Gujarat Wagad - 2,671, Gujarat V-797 2728, Karnataka Jaydhar - 3,178, RG J-34 (Punjab, Haryana and Rajasthan) - 3909, Y-1 Jyoti - 3,459, NHH 44 - 3,403, LRA-5166 -3,627, H-4 - 4,162, LK - 4,443, Sankar-6 (Saurashtra) - 4,471, MCU-5 (AP) - 5,088, DCH-32 (MP) - 7,508, 26 MM - 3,684. Oils review: Groundnutseeds, edible oils weak on better arrivals In seeds section (per quintal), groundnut bold and kardi varieties fell by Rs 10 and Rs five at Rs 2,300 and Rs 1,370 respectively owing to improved stocks inflow from producing centres. Sesame whitish, sesameseed 95/5 and niger prices also weakened by Rs 50, Rs 60 and Rs 15 to Rs 2,400, Rs 2,315 and Rs 1,515 respectively on heavy selling pressure by stock-holders amid negative advice from producing centres. However, groudnut javas 60/70, 70/80, 80/90 varieties rose by Rs 25 each to Rs 2,490, Rs 2,450 and Rs 2,400 per quintal on sustained good demand from bulk consumers amid reduced stocks arrivals from producing centres. In oils section, groundnut raw was slightly down by Rs two during the week and touched a low at Rs 400 per ten kg on lack of fresh demand from local bulk daily consumers and retailers amid sufficient ready stocks. Cottonseed wash and refined oils however, rose by Rs three each to Rs 313 and Rs 318 respectively on better demand from local dealers amid lesser stocks arrivals from mills mainly from Saurashtra, Hyderabad and Indore. Imported RBD palmolein and soyabean refined oils also gained slightly by Rs two and rs four to Rs 313 and Rs 310 respectively on improved demand from daily bulk customers and retailers amid thin arrivals from Malysia and Indonesia, a leading trader added. (UNI) |
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Shares falter on Friday, markets
may remain MUMBAI, May 12: Equities carried their upward march during the week barring friday when shares finished lower due to profit booking in select index heavy-weights and fall at the US markets and weakness at the Asian bourses. Marketmen expect continuation of range bound and stock-specific trend during the next week in absence of major market moving factors. The 30-stock Bombay Stock Exchange (BSE) sensex gained 50.71 points (1.5 per cent) at 3431.32 points as against the previous week’s close of 3380.61. The S P CNX nifty of the National Stock Exchange also advanced smartly by 19.95 points (1.8 per cent) at 1116.40 points from the last week’s close of 1096.45 points. "Market seems to be range bound and may remain stock-specific during the next week. The winner of the bidders for IPCL divestment would be announced on Monday, which may boost sentiments at the PSU counters. Any movement in the NASDAQ composite index would influence it stocks," said Mr Jignesh Shah, strategist at the Ask Raymond James Associates. There would be selective movement in scrips during the next week, he added. Trading began on a firm note on both the bourses on Monday and major indices firmed up till Thursday, banking mainly on the upward March in select old-economy and second-line it stocks. However, the sharp fall in the NASDAQ composite index, Dow Jones industrial average on Thursday, weakness at the Asian bourses and profit booking in select index heavy-weights halted the rally on Friday, the last trading day. "I do expect gradual increase in share prices, which would keep the firm trend alive in the market," stock broker Nikhil Vakharia said. The broad-based BSE-100 index advanced by 24.82 points at 1711.73 as against the previous week’s close of 1686.91. The daily trends of Foreign Institutional Investors (FIIs) investment showed that they were aggressive in buying equities during the week. The FIIs were net buyers to the tune of Rs 145 crore. "The market needs some positive factors to move and there is a dearth of the same," said a equity dealer at a leading retail brokerage. According to him, market is unlikely to witness any bull run, but expected to move up steadily. Index heavy-weight and FMCG leader Hind Lever shot up by Rs 6.35 to Rs 210.20, followed by Infosys Rs 61.75 to Rs 3818.45, RPL went up by Rs 1.35 to Rs 230.05, Ranbaxy Rs 3.8 to Rs 870, HPCL Rs 9.02 to Rs 292.08, MTNL Rs 5.09 to Rs 149.04, Dr Reddy’s Lab Rs 1.30 to Rs 1025, HCL Tech Rs 6.85 to Rs 248.55, L&T Rs 9.85 to Rs 182.50, Bajaj Auto Rs 1.65 to Rs 488.15, BHEL Rs 3.5 to Rs 178.2, Hindalco Rs 5.7 to Rs 737.25, Nestle Rs 6.1 to Rs 530.80, ICICI Rs 8.14 to Rs 64.95, TISCO Rs 2.66 to Rs 117.01, Grasim Rs 22.2 to Rs 327.20, ACC Rs 10.3 to Rs 162.20 and Castrol gained Rs 5.25 to Rs 189.75 from the last week’s close of Rs 184.50. Petrochem major Reliance held steady at Rs 288.85. Tech leader Satyam Computer lost Rs 7.05 to Rs 263.60 over the previous week’s level. Hero Honda dipped by Rs 9.25 to Rs 258.65, Cipla Rs 44 to Rs 1039.25, Colgate Rs 2.15 to Rs 138.15 and BSEs lost Rs 8.7 to Rs 220.35. (UNI) |
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