Prices Rise On Fi Buying

Pivotal prices rose further on continued buying support from the financial institutions (FI) and common investors on the National Stock Exchange (NSE) yesterday.

The NSE -50 index opened at 805.51 points, touched a high of 815.03 points, before reaching a low of 805.47 points.

The index closed at 808.13 points over the previous close of 802.23 points, showing a gain of 5.9 points. The net traded value was Rs 657.27 crore involving 343.75 lakh shares.

Hectic activity was seen at State Bank of India (Rs 162.29 cr), ITC (Rs 143.72 cr), Reliance Industries (Rs 72.96 cr), Tisco (Rs 52.77 cr), Telco (Rs 46.56 cr), Mahanagar Telephone Nigam Ltd (Rs 38.11 cr), Larsen & Toubro (Rs 35.33 cr), Bajaj Auto (Rs 31.11 cr), BSES (Rs 16.72 cr), ACC (Rs 13.17 cr), Gujarat Ambuja Cement (Rs 8.58 cr), Mahindra & Mahindra (Rs 2.78 cr), IPCL (Rs 2.45 cr), HLL (Rs 1.92 cr), Tata Power (Rs 1.4 cr), ICICI (Rs 1.12 cr), Bhel (Rs 1.01 cr), Wartsila Diesel (Rs 1.01 cr), Karur Vysya Bank (Rs 0.78 cr), Autolite India (Rs 0.78 cr), Oriental Bank (Rs 0.64 cr), Indian Hotels (Rs 0.57 cr), Shipping Corpn (Rs 0.50 cr), Indo Gulf Fertilizers (Rs 0.54 cr) and The Bank of Rajasthan (Rs 0.53 cr).

 

The top five gainers were SRG Infotech, Shriyam Securities, India Polyfibres, Indian Acrylics and Cubex Tubings, while losers were Modi Telefibers, Atash Industries, Gujarat Ambuja Cotspin, Flex Engg, Warrant and Fast Capital Growth.

Meanwhile, on the OTECI prices, were nearly steady at previous level on lack of fresh buying support from FIs and common investors.

The OTC composite index closed at 89.49 points over the previous close of 89.48 points, showing a gain of 0.01 points. The total turnover was Rs 8.23 lakh, involving 16,705 shares and debentures.

Major contribution was from the listed debentures segment of was Rs 5.81 lakh. Listed equities contributed Rs 2.26 lakh, permitted equity contributed Rs 15,500.

Active trading was witnessed in Kartik Alloys. Major gainer was Hindustan Domestic Oil & Gas and the loser, Magnum Intermediaries.