The Hindu : Business : Sensex remains firm

Online edition of India's National Newspaper
Thursday, Jun 10, 2004

Business

Business

Sensex remains firm

MUMBAI, JUNE 9. The Sensex managed to end in the positive terrain with a marginal rise of 1.12 points at 4963.75 on the Bombay Stock Exchange today, displaying a narrowly mixed trend in range-bound trading, but maintained the relatively firm trend to the fourth straight session.

Buying was mainly done by local operators that too in select scrips, while foreign funds made only small purchases, dealers said.

The market opened on a better note and after rising further, met with fresh selling and declined.

Later, select scrips found low-level support and improved to close better.

The BSE-30 share sensitive index, after a firm start at 4972.34 against yesterday's close of 4962.63, rose further to a high of 5000.59.

However, the higher level was shortlived as it declined to a low of 4945.24, before closing at 4963.75, showing a negligible gain of 1.12 points.

The broad-based BSE-100 edged up by 3.35 points to 2637.63.

The rise in some of the index-based shares such as HPCL, Maruti Udyog, MTNL, Tata Motors, Tata Power, Ranbaxy, SBI, ITC, HDFC Bank, HDFC, Gujarat Ambuja Cement, Dr. Reddy's and Bharti Tele-Ventures helped the index to close on the positive side.

In New York, the Dow Jones Industrial Average improved further by 41.44 points to 10,432.52, while the Nasdaq Composite Index edged up by 2.91 points to 2023.53. .

PTI

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