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As FIs, operators buy, equities bounce back; Sensex recovers 86 points, 3683.49

Equities bounced on fresh buying support extended by public financial institutions and domestic operators at the Bombay Stock Exchange today.

The BSE-30 Sensitive Index crossed the 3600-mark and ended 85.91 points higher at 3683.49 from the previous close of 3597.58.

Opening at 3666.70, the Sensex witnessed a high and low of 3697.68 and 3639.63 respectively.

Software stocks were at the centrestage and Satyam Computers hit the upper circuit-filter at Rs 1,502 on news that the company's board is meeting on April 14 to consider bonus and dividend. The volume at the Satyam counter was around Rs 325,000, informed a leading broker.

Marketmen said that operators bought large quantities at Pentafour Software, Infosys Technologies, Ranbaxy Labs, Tata Tea and ACC counters.

Local financial institutions also bought in key index counters. ''Participation of foreign institutional investors was nominal in today's trading'', said a broker.

The BSE-100 index ended 35.46 points higher at 1621.36 from the last close of 1585.90.

The BSE-200 Index closed 6.69 points higher at 372.21 from the previous session's 365.52.

The Dollex Index ended 2.52 points at 146.05 from the last closing of 143.53.

The total turnover on the BSE's BOLT network was Rs 13.72 billion from trading in 52.2 million shares.

The topper in the turnover list was Pentafour Software registering Rs 2.32 billion followed by ITC (Rs 921.1 million), Infosys Technologies (Rs 749.8 million), Tata Tea (Rs 707.1 million) and Ranbaxy (Rs 615.7 million).

Others that registered a high turnover were Reliance, ACC, SBI, Zee Telefilms, MTNL, NIIT, BPL, L&T, Telco and BHEL.

UNI

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