Share prices on the Delhi Stock Exchange (DSE) rebounded yesterday discounting the fears that the crash on the Asian markets would have a spin-off effect on India. The scrips moved up to close with fresh gains.
The DSE index (base 1983) closed at 720.44 points, up seven points from the previous closing of 713.44. Marketmen said the operators have discounted fears that the ongoing crisis in the Asian markets will spill over onto India. They made huge purchases throughout the day, particularly of the blue chip and index-linked scrips, which boosted investor confidence and pushed up share prices, brokers added.
SmithKline Beecham gained most in the specified category, shooting up by Rs 22.75 at Rs 328.75, ACC looked up by Rs 20 at Rs 1,263.50. Nestle India gained Rs 9 at Rs 286 while SBI gained Rs 8.60 at Rs 246.35 and Telco moved up Rs 6.10 at Rs 252.40. Other gainers were Apollo Tyres, Bajaj Auto, BSES, HLL, ICICI, IFCI, IPCL, ITC, L&T, LML, MTNL, OBC, RIL and Tisco. UNI
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