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FIIs sustain support; Sensex up 59 points to 3707.75

Equities continued their winning trend and the Sensitive Index (Sensex) rose smartly by another 50-plus points on continuous buying support from the foreign institutional investors and parallel feedback from the domestic market at the Bombay Stock Exchange today.

The FIIs, who have been consistently making waves at the buying counter throughout the week, continued their trend and bought heavy weight shares like BHEL, Telco, L&T and Dr Reddy's. Heavy selling was also done of the Unit Trust of India shares at a higher level.

The market sentiment remained high as a result with the local bull operators chipping in their bit. Funds to the tune of Rs 3 billion were pumped into the Indian market by the FIIs since Monday and the usual mood was elated, marketmen said.

Reflecting the trend, the BSE-30 Sensex opened at 3713.44 points, nearly 70 points from its yesterday's close and continued to forge ahead to reach a high of 3773.85 points.

It touched an overall low of 3697.05 points before closing finally at 3707.75 points, registering an overall gain of 58.59 points as compared to the previous close of 3648.86 points.

The BSE-100 index also followed suit and started off at 1624.00 points, 24 points above its yesterday's close. It reached a day's high of 1643.40 points and a low of Rs 1618.32 points before closing at 1628.41 points.

It registered an overall gain of 26.47 points.

The BSE-200 and Dollex also moved skywards closing at 368.63 and 143.56 points and registering a gain of 5.59 and 2.11 points as compared to their previous close of 363.04 and 141.45 points repectively.

The number of scrips traded during the day were 1581 of the total 197,681 trades. The total volume of shares traded ranged at 5.99 crore and the turnover for the day was Rs 18.27 billion. Shares of Dr Reddy's, BHEL and Bombay Dyeing showed an upward movement while Cadbury, Reliance showed losses in their indices.

In the 'A' counter, the scrips which rose were Pentafour Software at Rs 2.26 billion followed by Satyam Computers Rs 2.03 billion, ITC Rs 1.59 billion, Zee Telefilms Rs 1.17 billion, Reliance Rs 955.7 million, SBI Rs 930.2 million, Ranbaxy Rs 816.1 million, Digital Equipment Rs 672.7 million, L&T Rs 574.6 million, ACC Rs 540.4 million, Infosys Technologies Rs 474.2 million, MTNL Rs 407.6 million, Castrol Rs 356 million, Tata Tea Rs 235.9 million and BPL Rs 228.1 million.

In the 'B1' counter, the major scrips which did top business were Rolta India Rs 183.3 million, Silverline Industries Rs 146 million, HCL Infosys Rs 55.1 million, Wipro Rs 54.9 million, Global Telesystems Rs 47.2 million, SSI Limited Rs 37.5 million, DSQ Software Rs 31.3 million, Tata Infotech Rs 29 million, Aftek Infosys Rs 26.1 million, Aptech Rs 19.3 million, Fujitsu ICIM Rs 14.5 million, Reliance Petroleum Rs 14.4 million, Himachal Futuristic Communications Rs 13.5 million, Videsh Sanchar Rs 13.2 million and Tata Elxsi Rs 8.8 million.

UNI

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