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Global upswing improves local sentiment; Sensex up 14 points, at 3095.25

Market sentiments rebounded on the Bombay Stock Exchange with rise in global stock markets as moderate gains were registered at the fag end of trading today.

The domestic institutional investors and speculators made small to moderate purchases in the index-based scrips while the foreign institutional investors made very small purchases, leading BSE brokers said. Most of the market participants were busy in squaring up their positions on account of end of weekly settlement on the National Stock Exchange, dealers said.

Reflecting the trend, the BSE Sensex opened higher at 3094.04 points scaled higher to touch the day's high of 3103.87 and fell to touch day's low of 3070.62 points, before closing at 3095.25 points, showing a net gain of 14.34 points against the previous close of 3080.91 points.

According to a report, Hong Kong's key Hang Seng index, which had fallen 3.7 per cent Monday, rebounded 3.3 per cent by midday. Singapore's Straits Times's index also rose 1.1 per cent, rebounding from Monday's 3.3 per cent fall. Markets in New York and London also reported impressive gains today.

Out of 7161 listed scrips, 1364 scrips were traded in the number of trades of 131,470. Total turnover on the BOLT network reported to Rs 13.59 billion.

ITC topped the list of turnover by registering highest turnover of Rs 3.10 billion, Pentafour Software Rs 1.91 billion, Satyam Computers Rs 1.43 billion, Zee Telefilms Rs 1.17 billion and Reliance Rs 636.6 million.

Hectic activity was witnessed at the other counters led by SBI Rs 582.1 million, Dr Reddy's Rs 490 million, Castrol India Rs 341.7 million, BHEL Rs 312.5 million, Digital Equipment Rs 271.7 million, Tata Tea Rs 171.4 million, L&T Rs 151.4 million, ACC Rs 129 million, Telco Rs 105.7 million and Hindustan Lever Rs 101.7 million.

UNI