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FIIs, FIs help improve sentiment; Sensex gains over 26 points, 2933.85

Select equity prices recovered marginally on renewed buying support from foreign institutional investors and limited buying by the domestic institutions on opening day of settlement at the Bombay Stock Exchange today.

The FIIs invested sizeable amount at the index-based ITC counters, leading brokers said, adding that Japan stocks improved by 192 points, which changed the market sentiment.

The Hong Kong stocks continued their slide and crashed by 554 points, which arrested an aggressive buying spree of the FIIs, brokers added.

Mirroring the uptrend, the BSE Sensitive Index (30 scrips) opened nearly steady at 2908.05 points, touched day's high of 2946.97 points, low of 2882.93 points and finally closed at 2933.85 points, showing a net gain of 26.75 points as against the previous close of 2908.10 points.

The broadbased BSE National Index (100 scrips) recovered and crossed 1300 mark to close at 1310.60 points gaining 11.48 points over the previous close of 1299.12 points.

The BSE-200 and Dollex indices finished at 305.13 and 119.39 points as compared to last trading day's close of 303.26 and 118.69 points increasing 01.87 and 0.70 points respectively.

The domestic institutions like Unit Trust of India, Life Insurance Corporation of India and General Insurance Corporation of India continued their investment in the capital market. They bought good amount of blue chips like ITC, Bajaj Auto, L&T and other counters.

The top gainers were ACC rose by Rs 19.25 to Rs 1060, ITC hardened by Rs 6.75 to Rs 630 and SBI by Rs 2 to Rs 183. Among the losers were Bajaj Auto by Rs 16.25 to Rs 640 and L&T by Rs 2 to Rs 173. While Tisco and RIL remained unchanged at Rs 90 and Rs 107 respectively.

The total turnover on the screen-based trading was Rs 9.76 billion involving 38.8 million shares in 118,634 trades.

Satyam Computers registered the highest turnover of Rs 1.97 billion followed by ITC Rs 1.90 billion, Zee Telefilms Rs 863.3 million, Pentafour Software Rs 636.7 million, Reliance Industries Rs 629.1 million, SBI Rs 370.1 million, Tata Tea Rs 266.1 million, Dr Reddy's Rs 230.5 million, L&T Rs 185.4 million, Castrol India Rs 148.9 million, MTNL Rs 126.1 million, Infosys Tech Rs 100.5 million, Bharat Petroleum Rs 99 million, Telco Rs 96.8 million and BHEL Rs 93.3 million in specified counters.

A good transaction was observed at Rolta (Rs 76.3 million), Silverline (Rs 113.5 million), BFL Software (Rs 37.8 million), HCL Infosys (Rs 46 million), Aptech (Rs 33.2 million), DSQ Software (Rs 23.5 million), Amara Raja Batteries (Rs 10.5 million), CMC (Rs 7.3 million) and Pentafour Communication (Rs 4.2 million) at B1 counters.

UNI