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FII-buying helps equities to maintain upswing; Sensex up 38 points to 4123.58

Equities maintained their upward march on continued buying support extended by the foreign institutional investors at the Dalal Street, leading to a rise of 39 points in the Sensex of the Bombay Stock Exchange today.

The key BSE-30 Sensitive Index opened at 4089.07, oscillated in an almost 100-point range, reached a high of 4156.19 and a low of 4057.40, and ended at 4123.58, showing a net gain of 38.47 points over the previous close of 4085.11.

Marketmen said that the FIIs were aggresive buyers at State Bank of India, MTNL, Raymond, L&T, BHEL, ACCc, HPCL, BPCL and Bank of Baroda counters.

However, profit-booking by public financial institutions at higher levels allowed the Sensex to shed initial gains.

Key scrips ended higher from the previous levels. ACC rose by Rs 12.50 and ended at Rs 174, HLL by Rs 9 at Rs 2213 and SBI by Rs 15 at Rs 270.

However, market favourite Infosys Technologies came under some selling pressure and ended Rs 36 lower at Rs 3,160. Reliance remained steady at Rs 185.

Mirroring the uptrend, the BSE-100 index rose by 24.05 to end at 1777.65. The BSE-200 and Dollex indices closed 7.21 and 2.81 points lower to end at 405.44 and 157.97 respectively.

The total turnover on the BOLT Network was Rs 18.20 billion from trading in 97.8 million shares.

The topper in the turnover list was SBI with Rs 3.02 billion, followed by Pentafour Software (Rs 1.41 billion), Satyam Computers (Rs 1.38 billion), Reliance (Rs 1.18 billion) and L&T (Rs 1.02 billion).

Others that recorded a high turnover were MTNL, ITC, Ranbaxy, Tisco, Tata Tea, BPL, Zee Telefilms, Telco, Sterlite and BHEL.

UNI

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