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Pivotals make smart gains; Sensex rises over 41 points, 2884.37

Pivotals extended their gains smartly at the Bombay Stock Exchange on good buying support from speculators and domestic institutional investors, on the last day of weekly trading settlement today.

The petrochemical giant Reliance was in the limelight and has attracted heavy speculative buying while other scrips like Telco, MTNL and ICICI also reported moderate increase, leading BSE brokers said.

Except few foreign funds, most of the foreign institutional investors preferred to stay away from long-term commitment, the punters too postponed their plan in view of end account consideration, dealers said.

Mirroring an uptrend, the 30-scrip BSE Sensitive Index opened at 2849.58 points, touched the day's high of 2885.75 points, fell to the day's low of 2849.58 points before closing at 2884.37 points, showing a net gain of 41.86 points from the previous close of 2842.51 points.

The broad-based BSE-100 index advanced by 15.25 points to 1283.22 points as against the previous close of 1267.97 points.

In the overseas major stock exchanges, Tokyo and Hongkong reported downtrend while the London market witnessed an uptrend in the opening session, market sources said.

The Nikkie Index at Tokyo was closed lower by 219.40 points to 14121.97 points and the Hang Seng at Hongkong was down 82.23 points at 10139.75 points while the FTSE-100 at London reported a gain of 48.40 points in the opening session, they said.

Back home, the BSE-200 and Dollex indices went up by 3.06 and 1.26 points to 297.19 and 116.89 points from the previous close of 294.13 and 115.63 points.

Being the last day of weekly settlement, most of the operators were seen busy in squaring up their positions and the market would likely open on a higher note in the coming week, dealers opined.

According to the final closing list, the software scrips saw moderate decline against their previous close.

Among the gainers, automobile major Bajaj Auto closed higher by Rs 5 to Rs 567.75, BHELl Rs 7.90 to Rs 234.70, BSES Rs 0.60 to Rs 150.60, Castrol Rs 2 to Rs 623, Colgate Rs 2.80 to Rs 166.50, Dr Reddy's Rs 11.75 to Rs 443.50, Glaxo Rs 20 to Rs 517.50, Grasim Rs 1.30 to Rs 145, ICICI Limited Rs 3.25 to Rs 44.30, ITC Rs 5.50 to Rs 705, L&T Rs 4 to Rs 149, Mahindra and Mahindra Rs 3.20 to Rs 154.90, MTNL Rs 2.50 to Rs 186, Reliance Rs 8.30 to Rs 119.60, SBI Rs 2.90 to Rs 155.20, Telco Rs 5.20 to Rs 126.90.

Among the losers, Hindustan Lever was down Rs 13.25 to Rs 1636, Hindalco drifted lower by Rs 4.25 to Rs 499.25, NIIT was down by Rs 4.25 to Rs 1260.50, Pentafour Software slided by Rs 37.75 to Rs 582 and Zee Telefilms lost Rs 10.25 to Rs 657.50.

UNI

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