Instanex Skindia GDR Index eases further

The Instanex Skindia GDR Index continued to decline by another 16.76 points,or 0.58 per cent,to 2,852.46.

The Instanex Skindia GDR Index continued to decline by another 16.76 points,or 0.58 per cent,to 2,852.46 on July 28 from 2,868.22 in the previous session.

The P/E ratio also moved down to 23.48 from 23.57,an Instanex Capital release said here today.

The following are the GDR and ADR rates for July 28 in US dollars,with the difference vis-a-vis the previous level given as a percentage in brackets:

Company: Price Percent chg

Dr Reddy’s Labs (ADR) 35.56 (+0.68)

Gail (GDR) 62.98 (+2.57)

Grasim Industries (GDR) 50.10 (+1.85)

ICICI Bank (ADR) 45.63 (-0.96)

Infosys Tech (ADR) 61.80 (-0.31)

ITC (GDR) 4.67 (+2.61)

L&T (GDR) 39.27 (-0.73)

Mahindra & Mahindra (GDR) 16.35 (+0.93)

Ranbaxy Labs (GDR) 12.21 (unch)

Reliance (GDR) 38.20 (-1.42)

Satyam Computer (ADR) 3.80 (+0.80)

State Bank of India (GDR) 110.39 (-1.53)

Sterlite Industries (ADR) 14.85 (-1.07)

Tata Communication (ADR) 9.86 (-1.89)

Tata Motors (ADR) 21.26 (-0.56)

‘Nitish Kumar a remote-controlled CM’: Congress hits back at NDA jibes

India2 hr ago

Reacting to the NDA's barbs and jibes, the Congress launched a scathing attack at Bihar Chief Minister Nitish Kumar and the BJP. Congress leader Jairam Ramesh said that votes to the JD(U) would eventually be credited to the BJP and that Nitish Kumar was merely a "remote-controlled Chief Minister".

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