Share prices bounced back with vigour at the National Stock Exchange (NSE) yesterday after Tuesdays sharp collapse.
Most of the pivotals regained lost ground. Hectic trading was witnessed in most of the counters.
The scene at the NSE was quite different yesterday. Domestic financial institutions, particularly Unit Trust of India (UTI) continued their heavy purchases at select counters.
Recovery at the NSE was in tandem with the happenings in the global stock markets, led by a 4.7 per cent jump in the Dow Jones index. The Hang Seng recovered most of its losses to close at a 18.8 per cent rise. Their was no panic at all at the NSE as the situation completely reversed yesterday as the international market recovered , said a NSE dealer .
Scrips that staged a recovery included ITC which spurted by Rs 51 to close at Rs 577 a again of 9.75 per cent over its previous days closing of Rs 526, witnessing a trading of 1.5 crore shares.
Reliance was up Rs 33 to close at Rs 374 a gain of 9.67 per cent over its previous days close of Rs 341 with 1.7 crore shares getting traded at the National Stock Exchange . A deal of 40 lakh was transacted in Reliance with buyer being said to be an FII.
SBI was up by Rs 21 to close at Rs 269 a gain of 8.25 per cent over its previous days close of Rs 248 with 61 lakh shares being traded in the process. Tata Tea went up by Rs 23 to close at Rs 388 a gain of 6.22 per cent over its previous days close of Rs 365 with 30 lakh shares traded at the counter.
Among the software stocks that moved up were Infosys Technology was up Rs 94 to close at Rs 1381 with 45,000 shares getting traded and Software Solutions up by Rs 8 to close at Rs 161 with 2.9 lakh traded.
