Uptrend Continues

CSE REPORT

The upward trend in major counters gained momentum yesterday on speculative buying on the Calcutta stock exchange.

The rise in prices of pivotals resulted in the CSE-50 index closing higher at 112.25 against the previous 110.42 gaining 1.83 points . The highest and lowest figures attained by the index were 112.56 and 110.42 points respectively.

The ITC counter, which witnessed hectic trading, surged forward to a new high before closing at Rs 494.50. SBI, Reliance and Tisco too evinced interest on active buying support. Most of the counters, which resumed on a steady note held around their previous closing rates, subsequently gaining mainly due to profit-taking at higher levels.

The closing undertone remained firm with ACC placed at Rs 1095, Tisco at Rs 175.30, Tata Tea at Rs 321, SBI at Rs 318.80, Reliance at Rs 315 and L&T at Rs 227.90.

Among other scrips in the specified list, Hind Motor closed at Rs 12.90, Indo Gulf at Rs 33.40, ICICI at Rs 77.90, Jaiprakash at Rs 13.75 and Ispat Industries at Rs 14.50. However, Cesc remained at a low of Rs 37.15 following its disappointing results.