The Hindu : Business : Sensex up 24 points on late buying

Online edition of India's National Newspaper
Wednesday, Jun 09, 2004

Business

Business

Sensex up 24 points on late buying

MUMBAI, JUNE 8. The Sensex completed its three-session of gaining streak with another rise of 24.48 points to end at 4962.63 on the Bombay Stock Exchange today following late buying activity by institutional investors.

Equities resumed on a firm note in line with positive Wall Street advices, but reacted downwards on profit taking by operators and public investors.

However, late bouts of buying in select blue chips helped maintain the upward march.

Petrochem giant and trendsetter, RIL hogged the limelight on some interested buying and notched handsome gains, contributing to the Sensex gains immensely.

The BSE-30 share sensitive index opened firm at 4960.87 against yesterday's close of 4938.15 and moved irregularly between 4972.74 and 4891.86 before concluding at 4962.63. The broad-based BSE-100 index also improved further by 12.36 points to close at 2634.28. Smart to moderate rise in other index-based shares such as ACC, Bharti Tele-Ventures, BHEL, Cipla, HDFC, HDFC Bank, Hero Honda, ICICI Bank, ITC, Maruti Udyog, REL, Tata Motors and Zee Telefilms also aided the Sensex uptrend. Had there not been a fall in Grasim, HLL, Infosys Technologies, Satyam Computer, ONGC, SBI and Tisco, the rise in the index would have been much more pronounced.

Meanwhile, on the Wall Street, the Dow Jones Industrial Average and the tech-heavy Nasdaq Composite Index rallied further by 148.26 points and 42 points yesterday following stronger-than-expected report on U.S. payrolls.

From the specified shares, 110 including 20 index-based scrips registered gains while 84 others ended with losses.

PTI

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