Financial Daily from THE HINDU group of publications
Monday, Jul 26, 2004
Financial Daily from THE HINDU group of publications Monday, Jul 26, 2004 |
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Markets
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Stock Markets Columns - ADR Watch Indian counters end on subdued note K.S. Badri Narayanan
THE US markets and the Indian markets witnessed divergent trends with the former declining on account of some disappointing from US Inc. But the gain at the domestic markets did not help Indian counters end positions, as the followed the US market trend. Even good results posted by companies such as Satyam, Computer and Wipro failed to lift these counters. Satyam posted a net profit of Rs 173.48 crore for the quarter ended June 30, 2004 as compared to a net profit of Rs 121.49 crore for the quarter ended June 30, 2003. Wipro posted a net profit of Rs 326.8 crore for the quarter ended June 30, 2004 as compared to Rs 196.80 crore for the quarter ended June 30, 2003. Among the ADRs, only MTNL, VSNL and ICICI Bank finished last week on positive territory.
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