Blue-Chips Score

Reliance Industries shares continued to dominate trading on the Delhi Stock Exchange (DSE) yesterday. In better trading activity some heavy weighted stocks made further headway on persistent buying by foreign institutional investors (FIIs) and speculators and closed with gains spread over a wide front. The DSE sensitive index ended 5.12 points higher at 865.49 points.

In view of start of new settlement in the specified group shares, operators were seen active in enlarging their positions in some counters, according to marketmen. Shares of State Bank of India and L&T also traded heavily on speculators buying coupled with FIIs buying as both the counters have moved into the no delivery zone on account of annual book closures for dividend.

Reliance Industries continued to be traded heavily for the better part of the session on persistent buying by FIIs and speculators largely on expectations of an attractive bonus issue to be declared on June 26 and prices spurted by Rs 7.40 to close at Rs. 367.40.