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FII buying pushes Nifty up to 52-week high of 1180.25 points

Pivotals continued thier rally on sustained buying support from foreign institutional investors on the opening day of the current settlement at the National Stock Exchange, pushing up the S&P CNX Nifty index to a 52-week high at 1180.25 points.

Mirroring the uptrend, the S&P CNX Nifty opened higher at 1169.60, further rose to a 52-week high and closed at 1180.25 points, as against 1160.15 points of the previous day, gaining 20.10 points today.

The CNX Nifty Junior also jumped up by 49.95 points to 2020.75 points from 1970.80 points.

The S&P CNX Defty improved by 16.20 points to 956.85 points from 940.65 points.

The S&P CNX 500 index appreciated by 18.77 points to 802.09 points from 783.32 points while CNX Midcap 200 moved up by 22.30 points to 690.74 points from 668.44 points of the previous day.

Total turnover in 366,297 trades, involving 124.73 million shares, stood at Rs 26.89 billion and the debentures traded were valued at Rs 4.07 million.

About 836 shares gained, 200 declined, 59 remained unchanged, while 170 securities hit their price bands today.

The top S&P CNX Nifty gainers were: IFCI which shot up by 21.21 per cent to Rs 16 from Rs 13.20, Great Eastern Shipping 8.09 per cent to Rs 25.40 (23.50), Bank of India 8.05 per cent to Rs 23.50 (21.75), HDFC Bank 8.03 per cent to Rs 78 (72.20) and IDBI 8.03 per cent to Rs 41.05 (38).

The top losers were: Indian Hotel which eased by 3.43 per cent to Rs 335.10 (347), Hindalco 2.52 per cent to Rs 580 (595), Colgate 2.44 per cent to Rs 221.95 (227.50), NIIT 1.82 per cent to Rs 1830 (1864) and Smitkline Beecham 1.82 per cent to Rs 599.90 (611).

SBI registered the highest turnover of Rs 4.37 billion, followed by Satyam Computers Rs 3.86 billion, Reliance Rs 2.04 billion, L&T Rs 1.77 billion, Pentafour Software Rs 1.60 billion, ITC Rs 986.5 million, Tisco Rs 923.3 million, Ranbaxy Rs 733.5 million, MTNL Rs 661.6 million, Zee Telefilms Rs 607.8 million, ACC Rs 543.7 million, BPL Rs 518.5 million and Telco Rs 511.9 million.

The other actively traded counters were: Tata Tea Rs 441.2 million, Silverline Rs 312 million, Hindustan Petroleum Rs 311.5 million, Infosys Technologies Rs 301.2 milion, Rolta Rs 236 million, BHEL Rs 225.2 million, Sterlite Rs 204.8 million, HCL-HP Rs 181.8 million, Global Telesystems Rs 177.8 million, Castrol Rs 167.1 million and BPCL Rs 156.9 million.

UNI

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