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Talk of ITC going in for Samadhan scheme triggers heavy buying; Sensex spurts 64 points, 3110.33

Led by ITC, pivotals shot up at the Bombay Stock Exchange following heavy buying support from speculators and institutional investors pushing up the Sensex by 64 points today.

According to market sources, the rumours regarding tobacco giant ITC considering to go in for Samadhan scheme boosted market sentiments on the bourses. The ITC scrip even hit the circuit-filter, they said. There was all-round buying by operators in pivotals, leading analysts said.

The foreign institutional investors and domestic institutional investors did not seem active as compared to the speculators, brokers said.

Reflecting the bullish phase, the 30-scrip BSE Sensex opened at 3074.44 points, touched the day's high of 3118.91 points, fell to the day's low of 3072.61 and finally ended at 3110.33 points, showing a net gain of 64.04 points from the previous close of 3046.29 points.

The Sensex has reported net gain of 146.88 points during last three sessions.

The broad-based BSE-100 index rose smartly by 30.18 points to 1384.87 points as against the previous close of 1354.69 points.

The BSE-200 and Dollex index gained by 6.24 and 2.41 points to 318.76 and 124.75 points as against the previous close of 312.52 and 122.344 points respectively.

Total turnover on the BSE's BOLT system reported during the day was Rs 15.15 billion.

ITC stood first in the list of turnover by registering the highest turnover of Rs 3.21 billion, followed by Satyam Computers Rs 1.53 billion, Pentafour Software Rs 1.36 billion and Telco Rs 1.01 billion.

Other actively traded scrips were SBI (Rs 949.2 million), Zee Telefilms (Rs 826.5 million), Reliance (Rs 809.8 million), Tata Tea (Rs 654.3 million), Tisco (Rs 409.9 million), ACC (Rs 382.7 million), Castrol India (Rs 332.6 million), L&T (Rs 331.7 million), Hindustan Lever (Rs 161 million), Digital Equipment (Rs 129.7 million) and BHEL (Rs 116.2 million).

UNI

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