Rediff Logo Business Banner Ads
Find/Feedback/Site Index
HOME | BUSINESS | NEWS | MARKETS
May 14, 1998

COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

BSE Sensitive Index

Sensex shoots up 115 points on UTI's push

Select equity prices flared up, lifting the Sensex by 115 points after last two days crash of over 250 points, on continuous buying support from the Unit Trust of India and speculative buyers on the country's premier Bombay Stock Exchange today.

Marketmen said that the foreign institutional investors were present in the market as soon as the Indian rupee weakened against the US dollar and crossed the Rs 40 limit in the interbank foreign exchange which improved their sentiment and bought sizeable number of sideline shares that aided the upward trend.

FIIs reportedly bought 200,000 shares of ITC, which gained by Rs 45. However, domestic institutions -- Unit Trust of India -- continued its buying to arrest downfall in the capital market following the nuclear tests at Pokhran on May 11 and 13 which affected the capital market, brokers added.

The BSE Sensitive index crossed the psychological barrier of 3800 mark. It opened slightly higher at 3782.76 points, touched day's high of 3898.68 points, low of 3748.63 points, before closing at 3897.94 points, showing a net gain of 115.18 points as against the previous close of 3782.76 points.

The broadbased BSE-100 also jumped over the 1700 mark and finished at 1719.26 points over the yesterday's close of 1665.32 points gaining 53.94 points. The BSE-200 and Dollex index increased by 12.23 and 03.30 points to 389.15 and 160.45 points as compared to the last working day's close of 376.92 and 162.15 points respectively.

Total turnover was Rs 1619.95 million involving 56.4 million shares in 157,919 trades. ITC registered the highest volume of business with Rs 4.6 billion followed by Satyam Comp Rs 1.5 billion, Reliance Rs 1.1 billion, Pentafour Software Rs 759.2 million, ACC Rs 737.9 million, SBI Rs 606.2 million, Castrol Ind Rs 479.2 million, Tata Tea Rs 475.6 million, L and T Rs 320.9 million, Hind Lever Rs 289.7 million, NIIT Rs 260.1 million, BHEL Rs 248.6 million, Bajaj Auto Rs 246.6 million, Infosys Tech Rs 239.2 million and Novartis Ind Rs 229.3 million at specified counters.

Among the active scrips were: BFL Software (Rs 16.7 million), DSQ Software (Rs 42.6 million), IPCA Labs (Rs 37 million), Silverline (Rs 23.2 million), Leading Edge (Rs 16.4 million), HCL Infosyst (Rs 15.8 million), Elgi Tyre (Rs 15.5 million), Software Sol (Rs 14.7 million), Wipro (Rs 11 million) at 'B1' counters.

UNI

Tell us what you think of this report
HOME | NEWS | BUSINESS | CRICKET | MOVIES | CHAT
INFOTECH | TRAVEL | LIFE/STYLE | FREEDOM | FEEDBACK