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NSE sees record
business; Nifty
rises 29 points

Record business volumes were registered on the National Stock Exchange on Friday with the market players and speculators concentrating on the Reliance counter, resulting in a sharp rally on the country's largest bourse.

Mirroring the bullish trend, the Nifty opened at 1135.30 points, touched the day's high of 1166.05 and declined to touch the day's low of 1133.60 points before closing at 1163.55 points, a gain of 29.00 points over the previous close of 1134.55 points.

Similarly, the Midcap Index drifted higher by 16.55 points to 1276.70 points as against 1260.15 points.

Being the last day before settlement on the BSE, speculators were seen taking new positions on the NSE, causing a record business volume of Rs 29.6 billion. Reliance topped the list of turnover with Rs 12.6 billion, followed by ITC Rs 8.8 billion, SBI Rs 2.5 billion, Tata Tea Rs 1.5 billion, and Castrol Rs 687.6 million.

The textile giant, Reliance, gained by Rs 38.15 or 9 per cent to Rs 421.50 over the previous close of Rs 383.35.

Other counter which had hectic trading were TISCO (Rs 586.5 million), TELCO (Rs 338.5 million), ACC (Rs 310.3 million), Bajaj Auto (Rs 226.4 million), ICICI (Rs 184.2 million), Infosys Tech (Rs 174.2 million), MTNL (Rs 174 million), L and T (Rs 157.8 million), Hind Lever (Rs 147.8 million), Colgate (Rs 97.4 million), BHEL (Rs 96.6 million), BSES (Rs 93.7 million), HDFC (Rs 88.8 million), Rel Capital (Rs 77.9 million), ICICI Bank (Rs 53 million), Satyam Comp (Rs 52.2 million), Dr Reddy (Rs 36.9 million), LML (Rs 29.2 million), HPCL (Rs 28.2 million) and IPCL (Rs 25.1 million).

The top gainers were Rel Capital by Rs 5.25 to Rs 70.30, Rel Petro by Rs 01.40 to Rs 20.25, ITC Rs 39.10 to Rs 622.55 and BSES by Rs 11.55 to Rs 207.80. However losers were Tata Chem by Rs 1.15 to Rs 159.20, HDFC by Rs 23.25 to Rs 3311.10, Ind Rayon by Rs 1.65 to Rs 243.50, ABB Rs 1.50 to Rs 605 and Asian Paints by Rs 0.45 to Rs 301.50.

UNI