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FII investment in May falls; Sensex vaults 7 pc, Nifty 6.8 pc on prospect of peace

The Bombay Stock Exchange Sensex registered a whopping gain of 269 points or 7.12 per cent as the share prices posted remarkable recovery on heavy buying support from bull operators and institutional investors during the week ended June 4.

The 30-share benchmark index of the BSE, the Sensex, skyrocketed by 190 points on the first day of the week to touch 3963.56 points, and barring a single trading session on Tuesday, continued to rise throughout the week.

The encourating figures of the net investment by foreign institutional investors in the month of May brought back the bulls to the market.

However, the FIIs' investment on the Indian bourses turned negative to the tune of Rs 1.25 billion. The FIIs' net investment on the Indian bourses during April stood at Rs 17.19 billion.

In the absence of any major shocking development from the Indo-Pak border, release of Flight Lieutenant K Nachiketa by the Pakistan government and Indo-Pak initiatives for peace boosted the sentiment.

The Sensex closed at 4042.52 points from the previous week's close of 3773.32 points, showing a net gain of 269.20 points.

The broad-based BSE-100 index zoomed up by 107.12 points to 1744.09 points from the last week's close of 1636.97 points.

The picture was similar at the National Stock Exchange during the week.

Mirroring the uptrend, the S&P CNX Nifty Index jumped up by 73.55 points or 6.80 per cent to 1155.05 points from the last week's close of 1081.50 points.

The S&P CNX Nifty Junior rose by 76.20 points to 1965.45 points as against the previous week's close of 1889.25 points.

CNX Defty closed higher by 58.95 points at 932.10 points compared to the previous week's close of 873.15 points. The CNX-500 and CNX-Midcap-200 rose by 4.86 and 2.08 points to 786.69 and 676.73 points from the last week's close of 781.83 and 674.65 points respectively.

On the bse, the BSE-200 and Dollex indices too gained by 23.85 and 9.41 points to 396.63 and 153.78 points from the last Friday's close of 372.78 and 144.37 points respectively.

Among the issues, ACC rose by Rs 18.45 to Rs 188.45, Andhra Valley Rs 10.80 to Rs 62.05, Ashok Leyland Rs 7.90 to Rs 67.90, BHEL Rs 17.40 to Rs 208, BPL Rs 53.25 to Rs 469.25, BSES Rs 14 to Rs 157, Colgate Rs 21.90 to Rs 221.50, Glaxo Rs 27 to Rs 739.95, Grasim Rs 29.95 to Rs 188.95, Hero Honda Rs 63.50 to Rs 1038.50, Hindalco Rs 16 to Rs 566, Indian Hotel Rs 10.25 to Rs 340.75, Infosys Tech Rs 18 to Rs 3197, ITC Rs 41 to Rs 1056.

L&T was up by Rs 38.50 to Rs 264.90, Mahindra Rs 27.45 to Rs 234.95, MTNL Rs 26 to Rs 197, NIIT Rs 21 to Rs 1836, Procter and Gamble Rs 60 to Rs 1065, Ranbaxy Rs 15 to Rs 612, Reliance Rs 29 to Rs 184.30, Satyam Computers Rs 65 to Rs 1280, SBI Rs 30.30 to Rs 255.80, Telco Rs 29.50 to Rs 200.50, Tisco Rs 17.25 to Rs 118.75, Tata Tea Rs 27.50 to Rs 413.50 and Zee Telefilms Rs 109 to Rs 1556 .

The prime losers during the week were Bajaj Auto Rs 4.70 to Rs 543.05, Dr Reddy's Rs 9 to Rs 808.

The combined turnover on the BSE and the NSE declined by Rs 15.31 billion to Rs 159 billion during the week as against Rs 174 billion recorded last week.

UNI

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