The Hindu : Business : Sensex up 80 points

Online edition of India's National Newspaper
Wednesday, Mar 14, 2007
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Business

Sensex up 80 points

MUMBAI: Stock markets continued to witness volatility and hovered in a range of 209 points on Tuesday due to profit selling but the benchmark BSE Sensex and NSE Nifty ended with moderate gains on the back of fresh inflows.

The market was well supported by fresh inflows into the futures and options segment while sustained selling pressure from mutual funds mitigated the upside move. The 30-share index opened up at 12924.50 and moved between 13026.85 and 12817.62. It later ended at 12982.98 from Monday's close of 12902.63, up 80.35 points.

The S&P CNX Nifty also rose by 35.95 points to 3770.55 from 3734.60.

Foreign institutional investors reported strong inflows of Rs. 1,045 crore in the derivatives on March 12 but domestic funds were believed to be heavy sellers at higher levels. FIIs were also net buyers in the cash segment on Monday.

The market is expected to remain stock-specific in the current week in the absence of any new triggers as well as the global cues.

Asian markets, however, exhibited a mixed trend on Tuesday. Japan's Nikkei ended 113.55 points lower.

Reliance Industries, ICICI Bank, ONGC, L&T, Grasim, HDFC and Tata Steel scored impressive gains.

Trading volume on BSE shot up to Rs. 4,193.74 crore from Rs. 3,417.17 crore.

MindTree Consulting recorded the highest turnover of Rs. 686.93 crore. — PTI

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