Marginal Recovery

Equities staged a slight recovery yesterday in narrow dealings on the Calcutta stock exchange on revival of speculative buying and financial institutions interested demand on few counters. Financial institutions purchased heavy weighted shares before the end of the account as they were in an oversold position for the last few sessions.

The market opened on an easy note and gained momentum in the latter part of the trading sessions following scattered buying support in pivotal counters. The CSE-50 index as a result rose up by 0.78 to close at 105.51 against its previous closing at 104.73.

In the specified list, gainers were ACC with gains at Rs 1054, Bata at Rs 96.70, H Motor at Rs 13, H Lever at Rs 1083, IPCL at Rs 116.50, JP Industries at Rs 14.15, L&T at Rs 206.30, ITC at Rs 429.20, Reckitt at Rs 262.50, Reliance at Rs 295.30, SBI (new) at Rs 305.10, Tata Tea at Rs 283, Tisco at Rs 168.50. Among other counters BOC finished at Rs 69.30, CESC at Rs 38.10, Telco at Rs 395.10, Grasim at Rs 357 registered loss and subsequently reduced overall gains of the day.