COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Pivotals stage smart recovery on bull support; Nifty up 21 points to 971.30

Pivotals staged a smart recovery on good buying support by bull operators on the National Stock Exchange today.

Mirroring the upbeat sentiment, the S&P CNX Nifty gained by 21.50 ponts to 971.30 points from 949.80 ponts of the previous day.

The CNX Nifty Junior also shot up by 49.60 points to 1723 points from 1673.40 points while the S&P CNX Defty rose by 17.80 points to 792.05 points. The S&P CNX 500 index moved up by 19.82 points to 683.86 points and CNX Midcap 200 increased by 18.30 points to 603.388 points.

The total turnover, involving 98.16 million shares in 296,221 trades, was Rs 24.06 billion. The debenture traded were valued at Rs 2.93 million. Among the top gainers, Cipla improved by 8 per cent to Rs 1021.45, followed by Tisco 7.70 per cent to Rs 116.75, Gujarat Ambuja Cement 6.44 per cent to Rs 271, Grasim 5.69 per cent to Rs 183 and L&T 5.48 per cent to Rs 197.25.

Among the top losers, Cochin Refineries lost by 5.15 per cent to Rs 156.50, India Hotel 2.30 per cent to Rs 371.25, Arvind Mills 1.74 per cent to Rs 48.05, IPCL 1.32 per cent to Rs 78.75 and Glaxo 0.54 per cent to Rs 640.50.

Satyam Computers registered the highest turnover of Rs 3.79 billion, followed by ITC Rs 3.03 billion, Pentafour Software Rs 2.64 billion, Telco Rs 1.47 billion, ACC Rs 1.02 billion, Tata Tea Rs 983.1 million, Reliance Rs 937.5 million and Zee Telefilms Rs 836 million.

The other actively traded counters were: SBI New Rs 783.1 million, L&T Rs 537.8 million, Silverline Rs 511.6 million, Hindustan Lever Rs 500.2 million, Tisco Rs 459.3 million, HCL-HP Rs 448.6 million, Castrol Rs 373.7 million, MTNL Rs 356 million, NIIT Rs 341.5 million and Square D Software Rs 317.9 million.

Foreign institutional investors and domestic institutions were net sellers today at Rs 592.6 million and Rs 397.6 million respectively.

The wholesale debt market of the NSE witnessed trades worth Rs 5.31 billion. The 11.75 per cent converted government stock maturing in 2001 was traded for Rs 850 million at a weighted yield of 11.42 per cent.

The 11.55 per cent government loan maturing in 2001 was traded for Rs 750 million at a weighted yield of 11.43 per cent. The 11.64 per cent government loan maturing in 2000 was traded for Rs 650 million at a weighted yield of 11.18 per cent.

The 11.78 per cent government loan maturing in 2003 was traded for Rs 350 million at a weighted yield of 11.72 per cent. The turnover in debentures was Rs 7.07 millon today.

UNI

Business news