COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Sensex rises 50.59 points

Indian Aluminium Limited shot to Rs 101.50 from yesterday's close of Rs 30 as the company appointed a three-member committee to study and consider the offer of Rs 90 per share made by Sterlite and thereafter render its advice to the board within seven days.

The FIIs were enquiring at the index-based counters, which zoomed up the Sensex during intraday trading. Being the last day of settlement, bull operators coupled with local institutions started booking profit at higher level to square up their positions that drifted the Sensex lower, leading brokers said.

Mirroring the uptrend, the BSE Sensitive index opened higher at 3578.89 points and crossed the 3600 mark, touched day's high at 3639.84 points before closing at 3622.22 points, showing a net gain of 50.59 points as against the previous close of 3571.63 points.

The BSE National index quoted higher at 1568.83 points over the last trading day's close of 1544.11 points gaining 24.72 points.

The BSE-200 and Dollex indices increased by 05.31 and 02.14 points to 348.26 and 147.54 points as compared to yesterday's close of 342.95 and 145.40 points respectively.

Domestic institutions and bull operators were busy squaring up their positions, leading brokers said.

The total turnover was Rs 12.1 billion, the volume of shares traded was Rs 46.7 billion.

ITC registered the highest turnover of Rs 4.2 billion followed by Tata Tea (Rs 1.4 million), Reliance (Rs 766.9 million), Castrol (Rs 766.9 million), SBI (Rs 595.8 million) and ACC (Rs 574.4 million).

Hectic activity was witnessed in HLL (Rs 361.5 million), MTNL (Rs 306.2 million), Bajaj Auto (Rs 257.3 million), TISCO (Rs 216.6 million), BHEL (Rs 199.6), L&T (Rs 175.7 million), TELCO (Rs 166 million), LML (Rs 149,3 million), and BPL (Rs 105.8 million) counters.

Good transactions were recorded in VSNL (Rs 51.8 million), Mastek (Rs 16.7 million), Finolex (Rs 15 million), Software (Rs 13.8 million), Asian Elec (Rs 10.2 million) and Flex Industries (Rs 6.4 million).

UNI