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Sensex surges 52.12 points to cross 3900 mark

The Bombay Stock Exchange Sensex on Tuesday crossed the important mark of 3900 points as share prices gained smartly following good buying support from domestic institutional investors, local operators and Calcutta-based operators.

The market opened on a weak note and the Sensex started at 3851.94, lower from the previous close of 3857.34 points, declined further to touch the day's low of 3845.71 points. It, however, recovered sharply and touched the day's high of 3910.33. Later, the Sensex hovered around the higher level and closed at 3909.46 points, showing a net gain of 52.12 points over the previous close.

The BSE-100 Index firmed up by 18.88 points to 1692.42 points against the previous close of 1673.54 points.

The BSE-200 and Dollex indices closed higher by 4.13 and 2.90 points to 378.64 and 174.29 points against the previous close of 374.51 and 172.39 points respectively.

According to marketmen, the Hinduja Group was at the forefront in purchasing at the heavy-weighted counters. They bought considerable amount of TISCO and other companies shares.

Company circles reportedly made purchases at the Reliance counter while the foreign institutional investors sold large amount of shares of ITC, marketmen said.

The total turnover on the BSE increased to Rs 8.4 billion against Monday's low turnover of Rs 5.9 billion.

ITC registered the highest turnover of Rs 3.1 billion, followed by Reliance Rs 1.8 billion, SBI Rs 577.5 million, Hind Petrol Rs 576.3 million, Tata Tea Rs 465.4 million, TISCO Rs 242.6 million, Bajaj Auto Rs 157.9 million, Castrol Rs 156.9 million, Hind Lever Rs 90.5 million, TELCO Rs 88.7 million, ICICI Rs 83.5 million, Colgate Rs 67.3 million, ACC Rs 65 million, MTNL Rs 59.2 million, BHEL Rs 47.4 million.

Hectic activity was also observed at the other counters in B2 group like Bank of India, Infotech, Cyber System, Sierra Optim, Leading Edge, Gas Auth of India, Selan Explor and RS Software.

UNI