Brisk Buying

DSE REPORT

Initial losses were completely wiped out on the Delhi Stock Exchange (DSE) yesterday following revival of brisk buying by UTI coupled with some short covering.

Selective purchases in some stocks by overseas investors, sidelined the sellers in early trading, which also aided the recovery in stock prices, marketmen said. They said the sentiment remained weak at the outset on nervous selling triggered by deferring of decision on the revised carry forward trading system by Sebi.

The DSE sensitive index staged a remarkable recovery to close at 853.31 points against the previous close of 850.67 points, a rise of 2.64 points. Software companies stocks traded heavily on increased buying. RIL shares made a strong rally to close higher at Rs 346.25, gaining 75 paise. Escorts spurted Rs 7.30 to close at Rs 110, Hero Honda gained 7.50 at Rs 650 and Tata Loco rallied from Rs 353.60 to Rs 354.45. Satyam Computers rose sharply by Rs 16.30 to close at Rs 191.80 and Silverline gained Rs 2.55 at Rs 29.85.