January 10: Reliance is back with a bang as the market favourite. On Monday,the counter topped the turnover table, nudging out the media and IT stockswhich have been ruling the bourses for a long time. On the BSE, nearly 1.52crore shares of Reliance were traded with a turnover of Rs 470 crore. ZeeTelefilm was pushed down the turnover table, with a turnover of Rs 95 crorecompared to its record in the past few weeks.Reliance returning to the brokers' wish list is based on expectation of itsADRs being listed on the New York Stock Exchange. The scrip has alreadycrossed the Rs 300 mark.HCLT to debut on DSEThe HCL Technologies scrip is likely to be listed on the Delhi StockExchange (its regional stock exchange) on Tuesday. On the same day, the HCLTscrip will also be listed on the demat segment of the NSE, according tomarket sources.Its listing on the BSE and on the NSE's physical segment would follow soon.Through its maiden public offering in November-December, 1999, the companyhad mopped up Rs 824 crore, making it the biggest infotech IPO in thecountry. The market is talking of a listing price in the range of Rs 1600.Infosys jittersAlthough the market is expecting around 90 to 100 per cent jump in Infosys'Q3 net profit, according to some players, the figures are likely to belower. They are talking of a range of around Rs 70 to 75 crore. Given theway the stock behaved on Monday, shooting up by close to Rs 1000 just aftera wire agency put a report predicting around 100 per cent growth in PAT, themarket could be in for a rude shock in case the results do not meet thegeneral expectations, feel some brokers.- Contributed by Partha P Sinha
