Shares Rally

DSE REPORT

The bull-run continued on the Delhi Stock Exchange (DSE) yesterday as prices of mostly blue chip companies, made further headway on frantic buying by foreign as well as domestic financial institutions coupled with huge speculative buying.

Marketmen said reports of similar trends in other bourses also enthused the sentiment. Start of fresh settlement on the NSE was another factor which aided the sentiment they said .

Announcement of improved working results by the Delhi based companies Ranbaxy Lab and Apollo Tyres, coupled with rumours of a bonus shares issue by the RIL also fuelled speculative buying.

The DSE sensitive index spurted by 9.32 points to close at 820.42 points. RIL shares remained FIIs and speculators fancy throughout the session mostly attributed to strong rumours of a bonus issue by the company and prices shot-up to Rs 320.75. but reacted to late selling by profit-takers and settled 50 paise down at Rs 317.50.