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Sensex recovers some lost ground; 3371.50

Buoyed by renewed buying support by domestic financial institutions, the Sensex of the Bombay Stock Exchange recovered some lost ground today.

According to marketmen, institutions like Unit Trust of India and Life Insurance Corporation of India were buying in index scrips, though foreign institutional investors kept a low profile by participating nominally in the market.

The climb of the US dollar against the yen and improvement of sentiments at the Japanese bourses aided sentiments.

Political developments in Delhi, including the deferment of the Women's Reservation Bill had a negligible impact, brokers said.

Local operators covered their outstanding short positions, which drove demand in some key scrips, they added.

The BSE-30 Sensitive Index opened at 3335.13 points, touched a low of 3310.95 and ended at 3371.50 points, which was the day's high too. The Sensex climbed 49.33 points.

The BSE-100 index closed at 1478.61 points as compared to 1459.37 points on Monday, gaining 19.24 points.

The BSE-200 index ended at 336.41 points from the previous close of 332.07 points, moving up 4.05 points.

The Dollex index closed at 131.45 points as against the last close of 129.93 points, improving by 1.52 points.

The total turnover on the BOLT terminal was Rs 9.26 billion from 36.3 million shares traded.

Satyam Computers registered the highest turnover of Rs 2.35 billion, followed by ITC (Rs 1.35 billion), SBI (Rs 864.5 million), Pentafour Software (Rs 794.9 million), Tata Tea (Rs 482.1 million), Reliance (Rs 419.8 million), Zee Telefilms (Rs 293.9 million), Infosys (Rs 197.5 million), Hindustan Lever Limited (Rs 194.5 million), Castrol (Rs 188.8 million), Bajaj Auto (Rs 140.7 million), L&T (Rs 115.6 million), Telco (Rs 106.5 million), Tisco (Rs 84.7 million) and BSES (Rs 78.3 million).

In the B1 group, VSNL (Rs 55.4 million) led the turnover list followed by BFL (Rs 37.3 million), DSQ (Rs 25.7 million), Wipro (Rs 18.5 million) and Silverline (Rs 18.4 million).

UNI