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Equities continue upward march; Sensex spurts 56 points, 3205.68

Equities continued their upward march on account of factors like the Union Cabinet clearing the ordinance on buyback and amendment to the Patents Act 1970 and speculative buying support from the foreign institutional investors and domestic financial institutions at the Bombay Stock Exchange today.

The BSE-30 Sensitive Index ended the day 56.62 points higher at 3205.68, from the previous close of 3149.06. Opening at 3172.31, the Sensex witnessed a high and low of 3214.36 and 3152.94 respectively.

According to marketmen, a leading FII bought one million shares of MTNL sold by the Unit Trust of India. Speculative buying was also witnessed in select scrips including the pharmaceutical ones.

Markets remained buoyant in other parts of Asia too. The Nikkei -225 stock average of the Tokyo Stock Exchange closed at 13,468.46 points, up 235.72 points, or 1.78 per cent from Tuesday.

Back home, the BSE-100 index ended at 1424.49, 22.43 points higher from the previous close of 1402.06.

The BSE-200 and the Dollex indices closed 4.62 and 1.96 points more to end at 329.42 and 129.02 respectively.

The total turnover on the BOLT network was Rs 17.09 billion from 71.4 million shares.

ITC topped the turnover list with Rs 2.53 billion followed by Satyam Computers (Rs 1.34 billion), Pentafour Software (Rs 1.33 billion), Telco (Rs 1.18 billion) and Zee Telefilms (Rs 1.18 billion).

Other active scrips that recorded a high turnover were Hindustan Lever, Tata Tea, Tisco, Reliance, SBI, MTNL, L&T, Glaxo, BHEL and ACC.

UNI

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