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Pivotals make moderate recovery, so does Sensex, up 40 points, 3277.57

Pivotals recovered moderately at the Bombay Stock Exchange following good buying support from institutional investors and speculators today.

According to dealers, tobacco giant ITC, Reliance, NIIT, Tisco, Dr Reddy's, were in the limelight and witnessed hectic activity. The Unit Trust of India bought select scrips while the foreign institutional investors also made moderate purchases, they said.

Mirroring the uptrend, the 30-scrip BSE Sensex opened at 3267.67 points, touched the day's high of 3283.22 points, fell to the day's low of 3234.66 points before closing at 3277.57 points, showing a net gain of 40.81 points as against the previous close of 3236.76 points.

The broad-based BSE-100 index increased by 17.89 points to 1442.21 points from the previous close of 1424.32 points. The BSE-200 and Dollex indices rose by 3.95 and 1.61 points to 333.96 and 130.89 points from the previous close of 330.01 and 129.28 points respectively.

Most of the telecom stocks posted handsome gains and hit the circuit filters, dealers said and added that select pharma and the software counters also rose considerably.

Total turnover on the BSE stood at Rs 13.47 billion. Pentafour Software topped the list by registering the highest turnover of Rs 2.82 billion, ITC Rs 1.43 billion, Satyam Computers Rs 1.42 billion, Tata Tea Rs 600.5 million.

Other actively traded scrips were Telco (Rs 539.6 million), Digital Equipment (Rs 492.3 million), Reliance (Rs 363.7 million), Zee Telefilms (Rs 361.4 million), Castrol (Rs 338.8 million), Dr Reddy's (Rs 273 million), Hindustan Lever (Rs 233.1 million), MTNL (Rs 216 million), Glaxo (Rs 206.5 million), Tisco (Rs 205.9 million) and SBI (Rs 187.2 million).

Among the issues, cement giant ACC rose by Rs 12.75 to Rs 1062.50, Asian Hotels Rs 5 to Rs 158.10, Bajaj Auto Rs 18 to Rs 515, BHEL Rs 6 to Rs 250.50, Colgate Rs 3.20 to Rs 171.20, Dr Reddys' Rs 41.75 to Rs 566.50, Glaxo Rs 9.25 to Rs 642, Hero Honda Rs 13 to Rs 613.50, Hindustan Lever Rs 24.5 to Rs 1918, Hindalco Rs 2.50 to Rs 481, India Hotels Rs 3.25 to Rs 392, Infosys Technologies Rs 76 to Rs 4621, ITC Rs 14 to Rs 814, L&T Rs 2 to Rs 184, Nestle Rs 7.25 to Rs 527.75, NIIT Rs 46 to Rs 2209, Novartis Rs 4.75 to Rs 850, Raymond Rs 1.10 to Rs 70.80, Reliance Rs 2.70 to Rs 129, Satyam Computers Rs 22 to Rs 908, Tisco Rs 4.10 to Rs 116.60, Tata Tea Rs 78 to Rs 379 and Zee Telefilms Rs 15 to Rs 585.

The few losers were Cadbury eased by Re 1 to Rs 564.25, Mahindra Rs 3.70 to Rs 178.50.

UNI

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