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Sensex rises by 60 points

The Bombay Stock Exchange sensitive index rose sharply by 59.57 points on speculative buying by the the arbitrators following apprehension of hike in the petroleum prices coupled with fears of the rupee depreciation against the US dollar in a big way on the first day of the weekly settlement at the Bombay Stock Exchange on Tuesday.

The market witnessed heavy bull liquidation on Tuesday as the market observed a holiday on Monday on account of Gokulashtami, a leading broker said, and added that the market was reported active with good speculative buying by the local operators as well as the domestic institutions but in a small amount.

Reflecting the uptrend, the market opened at 4038.58 points, touched the day's high of 4110.51, dipped lower to its opening levels, before closing higher at 4107.24 points as against its last close of 4047.67 points, showing a net gain of 59.57 points.

The BSE-100 index also recovered marginally by 11.72 points closing at 1791.01 points over its last close of 1769.29 points.

Meanwhile, the BSE-200 and dollex indices also recovered by 4.21 and 0.46 points to 401.76 and 183.91 points as against previous close of 397.55 and 183.45 points respectively.

According to marketmen, the rise of the Sensex can also be attributed to the last day of the current settlement at the National Stock Exchange which witnessed brisk activity.

The total turnover on the screen-based trading system was Rs 8.4 billion, involving 31.1 million shares. Out of 6747 scrips, a total number of 1669 scrips were traded.

Reliance Industries stood first in the list of highest turnover for the day registering Rs 2.83 billion, followed by ITC Rs 1.81 million, State Bank of India Rs 1.04 billion, Tata Tea Rs 620.3 million, TISCO Rs 538.7 million, Castrol India Rs 498.6 million, TELCO Rs 157.9 million, MTNL Rs 131.9 million, ACC Rs 94.6 million and Reliance Capital Rs 68.5 million.

Hectic activity was also observed at select counters including Madras Chem, Oil and Natural Gas Commission, Tata Vashist, Bank of India, Satyam Comp, Hind Zinc and Tata Infosys.

National Stock Exchange

Pivotal prices recovered marginally from their previous levels following the last day of the current settlement in a brisk trading at the National Stock Exchange on Tuesday.

The NSE-50 index opened at 1144.55 points, touched a day's high of 1160.45, a low of 1144.05 points, and finally settled down higher at 1151.75 points, showing a net gain of 7.45 points.

Similarly, the midcap index also improved by 3.20 points to close at 1290.55 over its previous close of 1287.35 points. The total turnover on NSE was Rs 16.41 billion involving 61.7 million shares.

Hectic activity was witnessed at the ITC (Rs 4.74 million), Reliance (Rs 3.39 Billion), SBI (Rs 1.6 million), Tata Tea (Rs 1.24 Billion), TISCO (Rs 948.8 million), Castrol (Rs 668.3 million), TELCO (Rs 481.7 million), ACC (Rs 428.4 million), MTNL (Rs 258.6 million), Rel Capital (Rs 194 million), Larsen and Toubro (Rs 177.9 million), Colgate (Rs 173.5 million) and Hind Lever (Rs 95.5 million) counters.

Meanwhile, the top five gainers for the day were MTNL, Rel Capital, Indian Hotels, IndoGulf Fert and HPCL, while the top five losers included MRPL, Castrol, Asian Paints, BSES and ICICI.

UNI