COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Bulls support helps equities to make marginal gains; Sensex up three points, 2976.58

Share prices firmed up marginally at the Bombay Stock Exchange on sustained buying support from bull operators today.

According to analysts, apart from moderate buying support from foreign institutional investors, there was good buying support from speculators in the fundamentally strong counters.

The scrips which reported spectacular performance were PSI Data, Novartis, Century Textiles, Moser Bear, Lakme, while Telco, Reliance, Satyam Computer, Pentafour Software, Smithline Pharma, Pfizer, Glaxo, Hoechst, Arvind Mills, Bharat Forge and Voltas registered moderated gains.

Reflecting the trend, the 30-scrip BSE Sensex opened at 2984.80 points, touched the day's high of 2988.46 points, fell to the day's low of 2949.34 points before closing at 2976.58 points, showing a net gain of 3.21 points as against the previous close of 2973.37 points.

The broad-based BSE-100 index gained marginally by 0.51 points to 1317.01 points as against the previous close of 1316.50 points respectively.

The BSE-200 and Dollex indices advanced by 0.51 and 0.08 points to 304.90 and 119.36 points as against the previous close of 304.82 and 119.27 points respectively.

Among the gainers, Arvind Mills rose by Rs 1.65 to Rs 32.40, Colgate Rs 4.30 to Rs 190.10, Glaxo Rs 6.75 to Rs 620.75, Grasim Rs 10.80 to Rs 181.30, Hindalco Rs 1.50 to Rs 504.50, Indian Rayon Rs 2.20 to Rs 107.10, Infosys Technologies Rs 84 to Rs 2973.75, L&T Rs 5.05 to Rs 70.10, Pentafour Software Rs 21.50 to Rs 574, Ranbaxy Rs 1.80 to Rs 258.90, Reliance Rs 2.10 to Rs 118.80, Telco Rs 4.20 to Rs 156.70, Tata Tea Rs 23.70 to Rs 331.50.

The losers included Bajaj Auto which dropped by Rs 5 to Rs 520, BHEL Rs 1.80 to Rs 246.80, BSES Rs 1.40 to Rs 138.30, Cadbury's Rs 4.50 to Rs 465, Dr Reddy's Rs 7.25 to Rs 475, Hindustan Lever Rs 22.25 to Rs 1669.50, ITC Limited Rs 5.25 to Rs 713.75, Nestle Rs 9.50 to Rs 457, NIIT Rs 2 to Rs 1529, Raymond Rs 3.55 to Rs 85.85, Satyam Computer Rs 3.25 to Rs 636 and Zee Telefilms Rs 27.75 to Rs 635.

Total turnover on the BOLT system rose sharply to Rs 15.69 billion from yesterday's turnvoer of Rs 13.06 billion.

ITC registered highest turnover at Rs 2.54 billion, followed by Satyam Computers Rs 1.64 billion, Pentafour Software Rs 1.60 billion, Zee Telefilm Rs 1.47 billion and Tata Tea (Rs 1.06 billion).

Other actively traded scrips were Reliance (Rs 964.3 million), Glaxo (Rs 626.9 million), Tisco (Rs 459.9 million), Infosys Technologies (Rs 390.2 million), Raymond (Rs 286.4 million), SBI (Rs 239.4 million), Dr Reddy's (Rs 233.2 million), Castrol India (Rs 199.1 million) and Bharat Petroleum (Rs 151.7 million).

UNI

Business news