Heavyweights Rally

Heavy weighted stocks made another rally on the Delhi Stock Exchange (DSE) yesterday following sustained buying by FIIs and domestic financial institutions. The DSE sensitive index ended 11.90 points higher at 823.73 points.

FIIs were aggressive buyers in multi-national and some blue chip companies stocks which are likely to be most benefitted from the budgetary proposals. However, selling at higher levels mainly profit takers and slackened buying interest wiped out most of the gains in some heavy weighted stocks.

HLL shares continued its rising tendency on aggressive buying by FIIs and speculators and scaled new peak of Rs 1050.25 but late selling by profit takers pruned early gains and shares ended at Rs 1010, still showing hefty rise of Rs 32. ITC shares spurted to Rs 447 but after heavy selling pressure fell to Rs 9.65 down at Rs 435.35.