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NSE firms up further

Share prices firmed up further on the National Stock Exchange following renewed buying interest by institutional investors at the fag end of trading.

Reflecting the trend, the Nifty opened at 1,151.40, touched a day's high of 1161.00, fell to touch the day's low of 1,137.80, and finally closed at 1,159.35 points against the previous close of 1,151.10.

The NSE-50 index gained further by 7.60 points to 1,011.30 points as against the previous close of 1,003.70 points, while the midcap registered a smart gain of 35.60 points to 1,588.90 points as against the previous close of 1,553.60 points.

The total turnover on the NSE reported during the day was Rs 13.64 billion. About 53.8 million shares changed hands. Around 568 scrips advanced, 418 declined and 71 remained unchanged. About 97 securities have hit their price bands, a release said.

The most actively traded securities were ITC (Rs 4.18 billion), Reliance (Rs 1.37 billion), State Bank (Rs 886.9 million), Satyam Comp (Rs 669.9 million), Tata Tea (Rs 643.7 million), Pentsware (Rs 470.4 million), Castrol (Rs 466.4 million), ACC (Rs 363.8 million), BPL (Rs 232.3 million), Zeetele (Rs 193.8 million), Sterlite (Rs 198 million), ICICI (Rs 197.2 million), Infosys Tech (Rs 193.8 million), BFL Softwar (Rs 178.8 million), Wartdeisel (Rs 152.5 million), LML (Rs 148.8 million), Telco (Rs 113.5 million), Hind Petro (Rs 104 million), Hind Lever (Rs 103.7 million), Tata Chem (Rs 93.7 million), Digital Equip (Rs 88.7 million), NIIT (Rs 88.7 million), MTNL (Rs 77.3 million) and Glaxo (Rs 75.1 million).

The top five Nifty gainers were Tata Chem Rs 174.85 (Rs 166.10), IPCL Rs 74.25 (Rs 71.65), ITC Rs 791.00 (Rs 763.95), ABB Rs 596.45 (Rs 576.80), TVS Suzuki Rs 566.90 (Rs 552.95).

The top Nifty losers were Hind Petro Rs 404.00 (Rs 413.90), Orient Bank Rs 64.10 (Rs 65.05), IDBI Rs 102.70 (Rs 103.85), BSES Rs 184.40 (Rs 186.45) and MRPL Rs 19.45 (Rs 19.65).

The wholesale debt market witnessed trading worth Rs 6.12 billion.

The 13.05 per cent govt loan maturing in 2007 was traded actively for Rs 1.38 billion at a weghted yield of 11.79 per cent.

The 11.75 per cent govt loan maturing in 2006 was also traded actively for Rs 1.30 billion at a weighted yield of 11.69 per cent.

The 11.10 per cent govt loan maturing in 2003 was traded for 600 million at a weighted of 11.04 per cent.

UNI