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Sensex crosses 4100 mark, BSE the Rs 10-bn mark

The Sensex on Friday surpassed the important mark of 4100 as stocks prices gained further on the Bombay Stock Exchange following speculative buying support, at the last day of current settlement.

Encouraged by the Securities and Exchange Board of India's partial approval to the J R Verma Committee recommendations on the modified carry-forward recommendations, the punters, foreign institutional investors and domestic institutions are extremely hopeful about the Reserve Bank of India's credit policy, scheduled to be announced on October 21, market sources said.

Both the FIIs and domestic institutional investors have preferred to stay away from their active participation, while speculators have made considerable purchases at select counters, marketmen said.

Mirroring the trend, the BSE Sensitive Index opened at 4103.29, touched the day's high of 4137.77 points, declined to touch the day's low of 4095.70 points, and closed at 4106.26 points, netting a gain of 29.21 points over the previous close of 4077.05 points.

Similarly, the broadbased BSE-100 Index closed higher by 12.57 points to 1768.48 points as against the previous close of 1755.91 points.

The BSE-200 and Dollex Indices closed at 395.24 and 181.78 points, showing a moderate gain of 3.21 and 1.58 points over the previous close of 392.03 and 180.20 points respectively.

Business volumes also crossed the Rs 10 billion to hit Rs 10.6 billion as against Thursday's turnover of Rs 8.6 billion.

Petrochem major Reliance Industries continued at the top in the list of turnover by registering Rs 4 billion, followed by ITC Rs 1.8 billion, State Bank of India Rs 720.6 million, Tata Tea Rs 639.4 million and TISCO Rs 364.3 million.

Hectic activity was also observed at the other prime counters like Castrol Rs 295.8 million, BHEL Rs 238.3 million, ICICI Rs 211 million, ACC Rs 186.7 million, Hind Lever Rs 167.7 million, Hero Honda Rs 144.3 million, TELCO Rs 128.9 million, Bajaj Auto Rs 120.3 million, Colgate Rs 103.1 million and Reliance Cap Rs 99.6 million.

Good transactions were also reported at the other counters in B-2 group like GAIL Rs 5.8 million, Reliance Pet Rs 4.3 million, Orient Infor Rs 3.8 million, Rashtriya Ch Rs 1.8 million, Cyber Sys Rs 1.4 million, Sierra Optim Rs 1.3 million, Infotech Ent Rs 1.1 million, Hind Petro Rs 1.0 million, Selan Exp Rs 0.9 million, Hind Stock Rs 0.8 million, Zenith Rs 0.7 million, Leading Edge Rs 0.4 million, Kig Systel Rs 0.4 million, BOC India Ltd Rs 0.4 million and Pun Chem Rs 0.3 million.

UNI