Reflecting the indifference, the Skindia GDR Index gained 11.41 points in the week ending July 2, compared with the BSE Sensex which lost 27.81 points during the same week.

The Skindia GDR Index closed at 649.68 points, gaining 1.79 per cent over the previous week's close of 638.28 points. The Skindia GDR Index price earning multiple stabilised at 14.83 points on July 2, compared with 15.66 points during the previous week. The GDR Index premium was at 12.35 per cent this week which was much higher than the index premium of 10.29 per cent last week.

During the week, the 65 GDRs declined marginally by 0.93 per cent and the shares depreciated 2.32 per cent. The GDR market witnessed 12 gainers and 20 losers while the remaining 33 remained unchanged. In the GDR market, VSNL was the top gainer recording a rise of 13.46 percent while ICICI saw a gain of 9.74 per cent and MTNL 9.23 per cent.

The top losers among the GDRs were JCT which recorded a loss of 25 per cent, Century Textiles a loss of 20 per cent and Ashok Leyland a fall of 13.73 per cent.Oriental Hotels' GDR was quoting at a huge premium of 265.14 per cent in the GDR market over its underlying shares. GDRs of Flex Industry and JK Corp traded at a premium of 190.45 per cent and 176.62 per cent respectively over their underlying shares.

GDRs of telecom, cable and fertiliser sectors were the top gainers in the foreign markets as well as the domestic markets. Auto sector was the top loser in the GDR market followed by aluminium, pharma and hotel sectors. According to the Skindia press release, the GDR Index touched its all-time low of 571.72 on June 22.