COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Pivotals rediscover limelight; Sensex soars 80 points, surges past 3900; FIIs effect a 645-point gain in ten sessions

The Bombay Stock Exchange's 30-share benchmark index, the Sensex, zoomed by yet another 80 points, surpassing the psychological barrier of 3900 mark today, as the foreign institutional investors continued their buying spree for the tenth consecutive session.

''It was after a long time the index-based scrips like Reliance, Apollo Tyre, Bayer India, Bomay Dyeing, BPL Siemens, Century Textiles, Indo Gulf Fertilizer, Crompton Greaves and ITC Bhadrachalam witnessed hectic buying by FIIs and hit upward circuit filters,'' said an analyst at the leading broking house.

Reflecting the bullish phase, the Sensex opened at 3854.16 points, touched the day's high of 3915.25 points, a low of 3847.53 points before closing at 3900.49 points, showing a net gain of 80.24 points as against the previous close of 3820.25 points.

The Sensex registered a whopping gain of 645.22 points during last ten trading sessions.

The broad-based BSE-100 index advanced further by 34.81 points to 1704.95 points against yesterday's close of 1670.14 points.

Share prices also rose at the National Stock Exchange on heavy buying by FIIs which lifted the S&P CNX Nifty Index up by 21.80 points to 1116 points from the previous close of 1094.20 points, in spite of the last day of the weekly settlement.

''The market is driven by the FIIs in the current spell and the speculators are completely out,'' a leading BSE broker said.

The Sensex was quoted at 3245.27 on April 26, and thereafter, has gone up continuously in the next ten trading sessions till today, posting handsome gains of over 645 points.

The broad-based BSE-200 and Dollex indices rose by 7.40 and 2.92 points at 385.49 and 150.24 points from the previous close of 378.09 and 147.32 points respectively.

Infotech, pharma and fast moving consumer goods stocks witnessed a mixed trend, dealers said.

Domestic institutional investors like the Unit Trust of India and others have reportedly pressed sales in some counters, they said.

Total turnover on the BOLT system reported during the day was Rs 20.55 billion.

Infotech giant Satyam Computers topped the list of turnover by registering the highest turnover of Rs 1.78 billion, followed by Pentafour Software Rs 1.65 billion, SBI Rs 1.33 billion, Reliance Rs 1.29 billion and Ranbaxy Rs 1.27 billion.

Other actively traded counters were L&T (Rs 1.05 billion), ITC (Rs 948.2 million), Zee Telefilms (Rs 850.1 million), Bajaj Auto (Rs 543.9 million), BPL Limited (Rs 521 million), ACC (Rs 517.6 million), Hindustan Lever (Rs 473.5 million), MTNL (Rs 399.1 million), Digital Equipment (Rs 386.3 million) and Castrol India (Rs 346.2 million).

UNI

Business news

Business archives