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Aluminium leads FII-driven rally; Sensex up 63 points to 4621

The Bombay Stock Exchange Sensex surpassed the 4,600 mark and gained by 63 points as share prices advanced further smartly on the second consecutive day following heavy buying support from foreign institutional investors and local players today.

The market was in an upbeat mood in spite of the last day of the weekly settlement at the National Stock Exchange.

After witnessnig a smart rally in cement and infotech shares yesterday, it was the turn of aluminium sector today.

Indalco, Hindalco, Madras Alumunium were in the limelight.

Besides, select pharma and cement shares gained smartly.

Reflecting the uptrend, the 30-share BSE Sensex opened at 4586.49 points, touched the day's high of 4621.29 points, a low of 4575.99 points before closing at 4621.00 points, showing a net gain of 62.77 points or 1.37 per cent from the previous close of 4558.23 points.

The broad-based BSE-100 index shot up by 37.42 points to 2072.01 points from the previous close of 2034.59 points.

A leading BSE broker said that local financial institutional investors reportedly pressed sales in select counters.

Negoitated deals reported in the second line stocks like Global Telesystems, Indian Organic, Kirloskar Oil, NIIT, Ranbaxy, dealers said.

The BSE-200 and Dollex indices rose by 9.44 and 3.61 to 476.67 and 182.77 points from their previous close of 467.23 and 179.16 points.

The BSE-500 index shot up by 30.72 points to 1409.19 points as against the previous close of 1378.47 points.

Total turnover on the BOLT system at the BSE reported during the day was Rs 21.69 billion.

Ranbaxy Labs topped the list of turnover by registering the highest turnover of Rs 2.28 billion, followed by Telco at Rs 1.35 billion, Pentafour Software Rs 1.10 billion, ACC Rs 1.05 billion and Zee Telefilms Rs 878.5 million.

Other actively traded counters were Sterlite Rs 723.6 million, Digital Equipment Rs 721.1 million, MTNL Rs 704.5 million, Reliance Rs 701.0 million, L&T Rs 643.8 million, ITC Rs 496 million, SBI Rs 461.6 million, Tisco Rs 439.4 million and Infosys Technologies Rs 408 million.

UNI

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