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Nifty ends marginally higher

The market opened on a buoyant note on the National Stock Exchange. However, pivotals could not maintain their opening levels due to lack of support from institutional investors and closed lower at the fag end of trading today.

Reflecting the trend, the NSE-50 index opened at 1086.60 points, touched the day's high of 1102.15 points, the day's low 1086.60, and later ended at 1091.65 points as against the previous close of 1086.20 points, only 5.45 points higher.

The Dollar NSE-50 (Defty) index firmed up by 1.95 points to 959.85 points over the previous close of 957.90 points, while the Midcap gained smartly by 12.70 points to 1228.50 as against the Friday's close of 1215.80 points.

The total turnover on the NSE reported during the day was Rs 1104.74 million.

ITC topped the list of turnover by registering highest volume of business at Rs 3.6 billion, followed by Tata Tea Rs 1.6 billion, Reliance Rs 1.1 billion, State Bank Rs 1 billion and Rs TELCO Rs 439.3 million.

Hectic activity was observed at the other counters like Corp Bank Rs 322.8 million, TISCO Rs 267.2 million, Hind Lever Rs 267.2 million, L and T Rs 145.8 million, ACC Rs 115.1 million, BPL Rs 112.6 million, Glaxo Rs 101.5 million, MTNL Rs 93.5 million, IPCL Rs 79.3 million, Infosys Tech Rs 65.8 million, Bajaj Auto Rs 65.2 million, ICICI Rs 63.4 million, Colgate Rs 56.3 million, BSES Rs 39.5 million, BHEL Rs 49.1 million, Tata power Rs 35.5 million, Rel Petro Rs 33.6 million, Dr Reddy Rs 30.9 million and Rel Capital Rs 26.4 million.

Among the gainers, Ashok Leyland gained by 7.42 per cent to Rs 45.60, Tata Power up by 5.75 per cent to Rs 120.50, Andhra valley increased by 4.61 per cent to Rs 84, Thermax went up by 4.47 per cent to Rs 198.65 while Ind Rayon increased by 3.61 per cent to Rs 201.05.

Among the losers, TELCO, TVS Suzuki, Cochin Ref , HDFC Bank and ITC reported decline by 2.45, 2.07, 1.44, 1.18 , 1.10 per cent to Rs 298.65, 425.80, 185.30, 79.90 and Rs 617.35 respectively.

UNI