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Pivotals sustain upswing on FII support; Sensex surges past 3000, up 23 points, 3002.54

The Bombay Stock Exchange Sensex surpassed the psychological barrier of 3000 points and firmed up further by 23 points as the select pivotals registered smart gains on good buying support from foreign institutional investors at the last day of current settlement today.

BSE, the country's premier bourse remained unaffected from the nationwide industrial strike and witnessed normal trading activity on the BOLT system, a dealer said.

According to a leading BSE broker, the FIIs made considerable purchases at the counters like Tisco, MTNL, Hindustan Lever, Satyam Computers and BHEL. The domestic institutional investors, however, pressed sales in select counters, they said.

Reflecting the firm trend, the 30-scrip BSE Sensex opened at 3001.94 points, touched the day's high of 3019.81 points, fell below the 3000 mark to touch the day's low of 2987.72 points, before closing at 3002.54 points, showing a net gain of 22.94 points as against the previous close of 2979.60 points.

The Sensex has gained about 153 points during this week so far.

The broad-based BSE-100 index rose by 8.75 points to 1327.68 points from the previous close of 1318.93 points.

According to analysts, some of the non-index shares were also in the limelight along with index-based shares today and prominent among them were Dabur, BFL Software, Cadbury, Crompton Greaves, BHEL, ACC, ITC, Telco, State Bank of India, Grasim, Glaxo, Novartis and Sun Pharma.

Meanwhile, the BSE-200 and Dollex indices closed higher by 1.86 and 0.70 points to 306.89 and 119.97 from the previous close of 305.03 and 119.27 points respectively.

Total turnover on the BOLT system was Rs 10.48 billion. Satyam Computers topped the list of turnover by registering highest turnover of Rs 1.37 billion, ITC Rs 1.06 billion, Pentafour Software Rs 828.4 million, and Reliance Rs 702.1 million.

Other actively traded counters were Telco (Rs 509.7 million), Zee Telefilms (Rs 499.6 million), Tisco (Rs 463.5 million), SBI (Rs 402.3 million), Hindustan Lever (Rs 401.3 million), Castrol (Rs 357.2 million), Glaxo (Rs 274.7 million), Infosys Tech (Rs 168.7 million), ACC (Rs 162.7 million), MTNL (Rs 162.4 million) and Bajaj Auto (Rs 153.8 million).

UNI

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