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June 9, 1998

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BSE Sensitive Index

Sensex rallies to rise 451.34 points

Share prices recovered smartly on specualtive buying support by domestic institutions and bear operators, pulling up the Sensex by over 50 points, on the Bombay Stock Exchange today.

The Unit Trust of India and other domestic financial institutions purchased huge quantities of index-based scrips in the BSE and National Stock Exchange which helped the prime scrips to recover the lose suffered in yesterday's volatile trading during which the Sensex fluctuated about 235 points.

Foreign institutional investors were not active today and their selling pressure seemed subdued, said brokers. They added that after the World Bank postponed its loans to India and Standard and Poor revised its India rating, the FIIs showed only one way business of heavy unloading.

Mirroring the upbeat trend the Sensex opened slightly up at 3426.29, touched a low of 3372.18, rose to the day's high of 3476.91, before closing at 3468.07, registering a gain of 51.34 points.

The total turnover involving 50.1 million shares of 1,260 companies in 128,331 trades was Rs 12.14 billion.

The BSE-100 index firmed up by 25.18 points to 1525.71 while the BSE-200 index looked up by 6.45 points to 346.93 points. The Dollex index also improved by 1.42 poknts to 137.03 points.

ITC recorded the highest turnover of Rs 2.18 billion, followed by Satyam Comp Rs 2 billion, SBI Rs 899.3 million, BPL Rs 70.78 million, Reliance Rs 668 million, Pentafour S Rs 544 million, Zee Tele Rs 357.5 million, Tata Tea Rs 344.2 million, ACC Rs 292.6 million, Hind Lever Rs 26.56 million, Sterlite Rs 262.4 million, Castrol Ind Rs 252.4 million, NIIT Rs 234.1 million, Tisco Rs 213.9 million, and L&T Rs 186.3 million.

The actively traded scrips in 'B' group were BFL Soft Rs 108.6 million, Silverline Rs 67.8 million, Wipro Rs 57.4 million, DSQ Software Rs 57 million, Bayer India Rs 28.8 million, Tata Infotec Rs 17.8 million, Rolta Ind Rs 14.8 million, Software Sol Rs 14.8 million, Krishna Fila Rs 14.5 million, Hel Infosys Rs 13.5 million, Him Fut Comm Rs 9.7 million, Aptech Rs 8.4 million, LTE Agro Tec Rs 7.4 million, Kin Honda Rs 6.5 million and Reliance Pet Rs 5.2 million.

UNI

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