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January 29, 1999

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Equities rebound as Friday operators square positions; Sensex recovers 22 points, 3315.57

BSE Sensitive Index

Equities rebounded on buying by foreign institutional investors and squaring of oversold positions by the domestic operators at the Bombay Stock Exchange today.

The BSE-30 Sensitive Index opened at 3314.94, witnessed a high and low of 3324.55 and 3279.69 and ended at 3315.57, showing a net gain of 22.62 points from the previous close of 3292.95.

Marketmen said that the last day of the current settlement cycle saw operators squaring their positions. They informed that the FIIs purchased stocks of pharma and fast moving consumer products companies.

Reliance ended at Rs 132.50, ITC at Rs 802, HLL at Rs 1,940, ACC at Rs 1,095, Telco at Rs 210 and Satyam Computers at Rs 930.

Reflecting the uptrend, the BSE-100 index ended at 1461.52, 8.42 points up compared to the previous close of 1453.10.

The BSE-200 index ended at 338.05, showing a rise of 0.39 points from the last close of 337.66.

The Dollex index ended higher by 0.15 points at 132.43 from the last close of 132.28.

The total turnover on the BOLT network was Rs 14.05 billion from trading in 59 million shares.

Pentafour Software topped the turnover list with Rs 2.30 billion followed by Satyam Computers, ITC, Telco, HLL, Tata Tea, Castrol, Reliance, Zee Telefilms, SBI, MTNL, Infosys, Digital Equipment, Tisco and ACC.

UNI

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