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Nifty up by 8.7 points

Pivotal prices improved further marginally on continued buying support from financial institutions and common investors on the National Stock Exchange in Bombay today.

The NSE-50 index opened at 988.95 points, touched the day's high of 1001.10 points, low of 988.95 points and closed 997.55 points showing, a net gain of 8.70 points as against the previous close of 988.85 points.

The Dollar NSE-50 index rose by 6.65 points to 888.85 points over the last trading day's close of 882.20 points. The Midcap index shot up by 9.10 points to 1106.15 points as compared to yesterday's close of 1097.05 points.

The total turnover on the exchange was Rs 11.5 billion, involving 44.4 million shares in 125,740 trades. Nearly 57 securities hit their price bands in the exchange.

The major gainers were Mahindra and Mahindra which rose by Rs 9.5 to Rs 231.20, Nestle by Rs 12.35 to Rs 330.25, ABB by Rs 8.15 to Rs 381.75, BPCL by Rs 7.5 to Rs 351.95, Bajaj Auto Rs 9.55 to Rs 535.90; while the losers were Arvind Mills by Rs 1.7 to Rs 50.95, Hindalco by Rs 8.8 to Rs 605.85, Thermax by Rs 1.2 to Rs 148.50, Guj Amb Cement Rs 1.8 to Rs 242.30 and Ind Rayon by Re 0.75 to Rs 143.20.

Hectic activities were observed at ITC (Rs 4.8 billion), Tata Tea (Rs 1.4 billion), Castrol (Rs 986.5 million), Reliance (Rs 954.3 million), MTNL (Rs 464.8 million), SBI-N (Rs 428.4 million), LML (Rs 372.7 million), Hind Lever (Rs 333.2 million), Bajaj Auto (Rs 183.4 million), TELCO (Rs 164.8 million), Nestle (Rs 89.7 million), ACC (Rs 6.74 million), L and T (Rs 64.3 million), TISCO Rs 64 million), Glaxo (Rs 60.4 million), Smith Kl Pha (Rs 54.3 million), Ponds (Rs 53.2 million), Corp Bank (Rs 52.8 million), NIIT (Rs 49.2 million), Colgate (Rs 47.5 million), BSES (Rs 40.4 million), P and G (Rs 40.1 million), M and M (Rs 37.5 million), BHEL (Rs 37.1 million) and Essar Guj (Rs 36.2 million).

UNI