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Sensex rises up 57.31 points

Being the last day of the current settlement at National Stock Exchange, most of the bear operators covered their positions. However, the market players, foreign institutional investors kept themselves away from the market.

On the contrary, the domestic institutions including Unit Trust of India and Life Insurance Corporation of India continued with their buying support, leading brokers said.

The speculators purchased considerable amount of Castrol India, Reliance Industries Limited, ITC and State Bank of India shares, which drifted higher the equity prices, brokers added.

The market opened on short covering by the bear operators. Then speculators entered and invested heavily in bluechip stocks which saw the Sensex cross the psychological barrier of 3400 mark during intraday trading.

Mirroring the uptrend, the BSE Sensitive index (30 scrips) opened at 3374.58 points, touched day's high of 3444.92 points, low of 3374.28 points before closing at 3424.87 points, showing a net gain of 57.31 points as against the previous close of 3367.56 points.

The BSE-100 index finished at 1489.85 points over yesterday's close of 1465.91 points gaining 23.94 points.

The BSE-200 and Dollex indices settled down at 332.59 and 140.40 points increasing by 04.55 and 2.45 points as compared last working day's close of 328.04 and 137.95 points respectively.

The total turnover was Rs 8.1 billion involving 33.2 million shares.

Tata Tea registered the highest turnover of Rs 1.7 billion followed by ITC Rs 1.5 billion, SBI Rs 1.2 billion, RIL Rs 918.3 million, Castrol Rs 589.4 million, ACC Rs 246.1 million, TELCO Rs 227.6 million, TISCO Rs 196.6 million, Hind Lever Rs 163 million, MTNL Rs 156.4 million, Bajaj Auto Rs 123.5 million, BHEL Rs 74.6 million, Mahindra and Mahindra Rs 63.3 million, Colgate Rs 60.9 million and Proc and Gamble Rs 57.5 million in the specified counters.

Good transaction were witnessed at Infosys Tech (Rs 49.3 million), Nicholas Pir (Rs 30.8 million), Satyam Comp (Rs 18.6 million), Hoech Mar (Rs 162 million), Astra (Rs 14.1 million), Corporation (Rs 12.3 million), LIC Housing Finance (Rs 10.8 million) and Videsh Sanchar (Rs 0.94 million) at the non-specified counters.

UNI