Scrips Advance On Hectic Institutional Activity

The trading sentiment at the National Stock Exchange (NSE) received a further boost yesterday on account of hectic buying by the foreign institutional investors (FIIs). The NSE-50 index closed at 1136.30 points against the previous close of 1120.70 points, a gain of 15.60 points. The total traded turnover touched Rs 2,515.52 crore, with 8.45 crore shares exchanging hands.

According to sources, the hectic activity witnessed was mainly on account of FII buying. The FIIs have entered the market in a big way and they have made select buying in the pivotals and some high value scrips in the B-group. It is likely that fresh fund allocations for this quarter might have been announced by the fund managers, said an NSE dealer.

 

Sources said, the market looks sound and firm and in the days to come it will firm up further. The ITC counter continued its bull run and the scrip closed at Rs 534.15 against the previous close of Rs 514.50. It touched a 52-week high during the intra-day high of Rs 543 and the total traded turnover was at Rs 3.82 crore.

This apart, the Reliance counter witnessed hectic activity and the scrip closed at Rs 322.90 against the previous close of Rs 324. The RIL scrip also touched a 52-week high during the intra-day high of Rs 328.50. The SBI scrip closed at Rs 323.10 against the previous close of Rs 319.50 and the traded turnover touched Rs 356.67 crore. The top five gainers were, ACC at Rs 1194.10 (Rs 1121.50), Reliance Capital at Rs 49.95 (Rs 46.95), Indo Gulf Fertilisers at Rs 34.85 (Rs 32.80), Ponds at Rs 1667.15 (Rs 1576.25), Colgate Palmolive at Rs 302.70 (Rs 288.50). Among the scrip which touched a 52-week high during the intra-day high were, BPCL which (Rs 430), Ceat (Rs 26.25), Glaxo (Rs 357), HLL (Rs 1328.60) HPCL (Rs 471) and Lakme (Rs 450.70).