COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Moderate FII-buying keeps positive sentiment alive; Sensex up 13 points to 4028.98

Pivotals recovered moderately on buying support from foreign institutional investors and local operators at the first day of current settlement on the Bombay Stock Exchange today.

Marginal increase in badla rates at the weekend have boosted market sentiments moderately, said a dealer.

The annualised badla (forward deal) rates closed at 12 per cent as against 9-10 per cent last week.

However, the FIIs were not as aggressive as they were the previous fortnight, dealers said.

Good buying by institutional investors was witnessed at the select counters like MTNL, Reliance, State Bank, ACC and a couple of software counters, leading BSE brokers said.

Reflecting the trend, the 30-scrip BSE Sensex opened marginally lower at 4009.73 points and quoted below the 4,000 mark in the morning session. It touched the day's low of 3968.31 points, but recovered smartly to bounce back to the day's high of 4045.26 points. It closed at 4028.98 points, showing a net gain of 13.23 points as against the previous close of 4015.75 points.

The broad-based BSE-100 index rose by 10.35 points to 1,738.92 points from the Friday's close of 1728.67 points.

According to market sources, the select software and pharma shares staged a rally on moderate buying support from investors.

The BSE-200 and Dollex indices closed higher by 1.77 and 0.69 to 395.20 and 153.91 points as against Friday's close of 395.20 and 153.91 points respectively.

Among the issues, Bajaj Auto gained smartly by Rs 87 to Rs 579, BHEL Rs 2.05 to Rs 205.95, Burrough Welcome Rs 4 to Rs 711.50, Cadbury Rs 39.35 to Rs 779.25, Dabur India Rs 19.30 to Rs 621.90, Dr Reddy's Rs 9.95 to Rs 868.10, German Remedies Rs 17.50 to Rs 839, Glaxo Rs 12 to Rs 744, Hero Honda Rs 24.75 to Rs 974, Hindustan Lever Rs 35.25 to Rs 2290, Hindalco Rs 21 to Rs 599, Infosys Technologies Rs 40 to Rs 3210, ITC Rs 3.30 to Rs 113.30, L&T Rs 254, Mahindra Rs 5.50 to Rs 232, MTNL Rs 5.80 to Rs 191.40, Nestle Rs 4.40 to Rs 532, Pentafour Software Rs 11 to Rs 1151, Procter and Gamble Rs 59.15 to Rs 1024.15, Satyam Computers Rs 10 to Rs 1512 and Zee Telefilms Rs 50 to Rs 1700.

Prominent among the losers were Reliance which dropped marginally by Rs 2.30 to Rs 165, SBI Rs 5.60 to Rs 258.40 , Telco Rs 7.75 to Rs 174.75 and Tisco Rs 8.60 to Rs 429.50.

Total turnover on the BSE reported during the day was Rs 14.24 billion.

Pentafour Software topped the list of turnover by registering the highest turnover of Rs 1.72 billion, followed by SBI Rs 1.64 billion, Satyam Computers Rs 1.41 billion, ITC Rs 1.21 billion, Zee Telefilms Rs 1.01 billion and Reliance Rs 839.6 billion.

Other actively traded counters were: L&T (Rs 544.6 million), BPL Limited (Rs 472.9 million), MTNL (Rs 343.8 million), Tata Tea (Rs 339 million), Digital Equipment (Rs 274.1 million), Ranbaxy (Rs 259.7 million), Infosys Technologies (Rs 230.8 million), Sterlite (Rs 207.9 million) and ACC (Rs 203.2 million).

UNI

Business news