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Sensex zooms 125 points to 4,356
September 24, 2003 17:58 IST
The Sensex opened firm with a gain of 18 points at 4,250, but early volatility dragged the index to a low of 4,230. The index bounced from lows on buying in select old and new economy stocks and remained firm through the session. Aggressive buying across-the-board in the afternoon trades saw the index spurt to an intra-day high of 4,367. The Sensex finally wrapped up the day with a huge gain of 125 points at 4,356. The Nifty also rallied sharply on strong buying support, and advanced 44 points to 1,372. All the 30 Sensex stocks ended with gains today. The traded volume and value of the index scrips were higher at 3.03 crore and Rs 1,060.04 crore, respectively. Heavyweights, techs and PSU frontliners notched up significant gains today. ITC (up Rs 28 or 3% to Rs 820), Reliance (up Rs 14 or 3% to Rs 428) and HLL (up Rs 3 or 2% to Rs 184) firmed up on sustained buying. Reliance registered a volume of nearly 41 lakh on the BSE with a turnover of Rs 172 crore. Infosys, on aggressive buying during afternoon trades, spurted nearly 5% (Rs 207) to Rs 4,521. More than five lakh shares changed hands on the BSE with a turnover of Rs 199 crore. HCL Tech had a mixed outing during morning trades, but firmed up in afternoon trades and rose 4% (Rs 6) to Rs 164. Satyam, too, gained ground towards the closing bell and moved up 4% (Rs 10) to Rs 253. HPCL advanced 3% (Rs 11) to Rs 357. The oil PSU major notched up a volume of more than nine lakh on the BSE with a value of Rs 34 crore. BHEL flared up towards the closing bell to finish with a gain of 4% (Rs 15) at Rs 397. While SBI gained Rs 5 to Rs 422, MTNL closed up a rupee at Rs 114. The banking major logged a volume of 18.56 lakh on the BSE with a turnover of Rs 78 crore. Cement, auto and pharma stocks, too, finished with solid gains. Grasim at Rs 628 (up Rs 25 or 4%), L&T at Rs 308 (up Rs 12 or 4%) and ACC at Rs 198 (up Rs 8 or 4%) ended with significant gains on sharp buying support. Gujarat Ambuja ended 2% higher (Rs 5) at Rs 222. Bajaj flared up 4% (Rs 30) to Rs 763. While Hero Honda also jumped 4% (Rs 11) to Rs 298, Telco was up a per cent (Rs 4) at Rs 295. Ranbaxy ended firm with a gain of 2% (Rs 20) at Rs 950. Dr. Reddy's and Cipla had mixed outings till early noon deals, but ended with gains at Rs 1,055 (up Rs 8) and Rs 980 (up Rs 10), respectively. Glaxo closed marginally higher at Rs 452. Zee vaulted 7% (Rs 8) to Rs 115. Tisco closed up a per cent (Rs 3) at Rs 259. The steel major clocked a volume of more than 43 lakh on the BSE with a turnover of Rs 111 crore. Hindalco at Rs 893 (up Rs 20 or 3%), HDFC at Rs 503 (up Rs 23 or 5%), BSES at Rs 355 (up Rs 6 or 2%) and Castrol at Rs 202 (up Rs 7 or 3%) perked up on strong buying support. Tech stocks logged sharp gains today. Wipro zoomed nearly 5% (Rs 53) to Rs 1,197. More than two lakh shares were traded on the BSE with a value of Rs 33 crore. While Digital and Hughes gained 2% each to Rs 523 (up Rs 11) and Rs 372 (up Rs 9), respectively, Mastek moved up 4% (Rs 9) to Rs 235. HCL Infosys, which announced its FY03 results yesterday, continued its uptrend, and notched up 10% gains (Rs 26) to Rs 288. Oil PSUs displayed positive trends. IOC raked in 4% gains (Rs 14) to Rs 370. While BPCL was up 3% (Rs 11) to Rs 334, ONGC gained 2% (Rs 14) to Rs 570. Kochi Refineries jumped 7% (Rs 10) to Rs 148. IBP, however, slipped from a high of Rs 897, and ended marginally lower at Rs 868. Other PSU stocks, too, mopped up huge gains today. RCF hit the upper circuit of 20% (Rs 5) at Rs 31. The counter clocked a volume of more than nine lakh on the BSE with a value of Rs 2 crore. Container Corporation and BEML shot up 10% each to Rs 477 (up Rs 43) and Rs 157 (up Rs 14), respectively. While ITI rose 9% to Rs 18, GAIL spurted 8% (Rs 10) to Rs 134. SCI, too, logged gains of 6% at Rs 103. SAIL, however, lost 3% to Rs 33. Media stocks were battered today. Pentamedia Graphics plummetted 16% (Rs 2) to Rs 8. While Padmalaya Telefilms dropped 9% (Rs 7) to Rs 71, Balaji Telefilms lost 4% (Rs 3) to Rs 62.
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