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Heavy buying marks new settlement; trades touch all-time high; Nifty up 41 points to 1363.35

The uptrend continued at the National Stock Exchange for the third consecutive day as share prices gained further on the first day of current settlement following heavy buying spree by market players today.

The exchange witnessed 436,593 trades, the highest number of trades since inception. The total value of the trades stood at Rs 27.03 billion.

Mirroring the bullish phase, the S&P CNX Nifty index opened at 1326.00, touched the day's high of 1371.90 points, a low of 1326.00, before closing at 1363.35 points, showing a net gain of 40.65 points or 3.07 per cent as against the previous close of 1322.70 points.

The S&P CNX Nifty Junior shot up by 64.95 points to 2511.85 points from the previous close of 2446.90 points.

According to dealers, various second-line scrips hit the circuit-filters were Alfa Laval, Abart Labs, Bharat Earth Movers, Ballarpur Industries, BSES, Cipla, Tata Telecom, Global Telesystems, Dabur and Amar Raja Batteries.

Reflecting the firm trend, the S&P CNX Defty Index gained by 32.20 points to 1087.80 points as against the previous close of 1055.60 points.

The S&P CNX-500 rose by 28.52 points to 978.12 points from the previous close of 949.60 points. The CNX Midcap-200 ended higher by 23.52 points to 894.54 points from the previous close of 871.02 points.

UNI

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