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Happy days at BSE, NSE

A stable government, expectation of improved annual results by corporate giants for the last fiscal year, and a cut in bank rates by 100 basic points by the Reserve Bank of India in the last week have been attributed as the major reason for the current bull run in the capital market.

Mirroring the upswing, the BSE Sensitive index (30 scrips) crossed the psychological barrier of 4100 mark and quoted at 4118.29 points, showing a net gain of 42.24 points as against the previous week's close of 4076.05 points.

The broadbased BSE-100 National index also jumped over 1800 mark and finished at 1806.18 points over the previous week's close of 1770.40 points, gaining 35.78 points. The BSE-200 and Dollex indices increased by 14.68 and 05.59 to 406.68 and 170.77 points as compared to previous week's close of 392.00 and 165.18 points respectively.

The total turnover recorded during the week on the BSE was Rs 65.45 billion.

The week began with massive purchases by Japanese and American portfolio funds that sent prices of major scrips through the roofs as the Sensex zoomed up by 94 points, and 75 scrips hit the circuit filter.

The Dhoots of Videocon International have announced an open offer for a creeping acquisition of two per cent in the company equity at the rate of Rs 140 per share.

The BSE had extended the trading time by half-an-hour to facilitate the trading which was disrupted earlier due to some technical snag in VSAT network. It observed a holiday on April 9 on account of 'Mahavir Jayanti'.

The NSE Midcap index zoomed up by 111 points, Nifty improved by 22 points in a strong rally as share prices scaled up on all counters on the exchange on Thursday as country's premier bourse BSE remained closed. Around 357 scrips hit the daily price circuit breaker on their way up on large scale buying by local traders, only five scrips hit the circuit on the down side.

The NSE-50 (Nifty) index closed at 1192.40 points as against the previous week's close of 1173.45 points showing a net gain of 18.95 points.

The Dollar NSE-50 (Defty) index finished at 1043.20 points over the last week's close of 1029.40 points gaining 13.80 points. The Midcap index flared by 172.20 points during the four day trading to 1581.35 points as compared to previous week's close of 1409.15 points. The NSE remained closed on April 8 on account of 'Bakri-Id'.

UNI