COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Sensex up by 25.23 points

The Calcutta operators bought heavily at Tata Steel, State Bank of India and Tata tea shares. The bear operators continued with their short covering which helped the equity prices to move up gradually, leading brokers said.

The market, which opened on good buying note, flared up and the Sensex crossed the psychological barrier of 3700 mark during intraday trading. Later, domestic institutions started booking profits at higher level which eased the Sensex down. At the fag end, bull operators bought heavy-weighted shares which recovered the Sensex, the brokers said.

The BSE Sensitive index (30 scrips) opened at 3704.47 points, touched day's high of 3739.38 points low of 3701.40 and closed at 3719.85 points as against its previous close of 3694.62 points showing a net gain of 25.23 points.

Despite the absence of market players foreign institutional investors, the Indian capital market is moving up on hopes that they may invest in capital on the opening day on Monday. The BSE-100 index increased by 09.10 points to 1614.28 points over the last trading day's close of 1605.18 points.

The BSE-200 and Dollex indices rose by 02.73 and 01.05 points to 361.58 and 153.34 points as compared to previous close of 358.85 and 152.29 points respectively.

The total turnover was Rs 6.4 billion, involving 40.7 million shares. Out of 6,868 scrips, a total number of 1,915 scrips were traded.

ITC registered the highest turnover of Rs 1.3 billion, followed by Tata Tea Rs 840.4 million, State Bank Rs 712.5 million, Reliance Rs 450.9 million, TELCO Rs 342.4 million, Castrol India Rs 336.4 million, Bajaj Auto 142.2 million, Hind Lever Rs 120.2 million, BPL Rs 98.9 million, ACC Rs 90.9 million, Colgate Rs 88.8 million in the specified counters.

A good transactions were witnessed at Kesoram Corporation, United Brew, Reliance Pet, LML, Jayshree Tea, Infosys Tech, McDowell, Madras Cement, Novartis Ind, Vashisti Detergent, and Satyam Comp in 'B1' counters.

ABB gained by Rs 10 to Rs 488, GE Shipping moved up by Rs 1.5 to Rs 47.75, Hindustan Lever Rs 7.75 to Rs 1402.50, ITC Re 0.50 to Rs 623.50, Larsen and Toubro Re 1 to Rs 205. RIL gained by Re 1 to Rs 169.75, State Bank increased by Rs 4 to Rs 249.75, Tata Steel hardened by Rs 6.75 to Rs 141.50 and Tata Tea drifted higher by Rs 4.50 to Rs 431.25.

Among the losers were HDFC declined by Rs 53.75 to Rs 3095.75, Asian Paints came down by Rs 2 to Rs 603 and Bajaj Auto drifted lower by Rs 2.50 to Rs 348.

UNI