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May 18, 1998

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BSE Sensitive Index

Sensex zooms 58.68 points

The Sensex shot up by more than 50 points due to buying support from the local operators as the foreign institutional investors stayed away on the first day of a fresh week at the Bombay Stock Exchange in Bombay today.

The market sentiment was ruled by local operators on both the buying and selling side as players purchased shares of Reliance Industries, State Bank of India, ITC, Tisco, and ACC in majority. The badla rates, which had dropped by 15 per cent on Saturday, changed the sentiment of the investor and supported the market positively. Thus the absence of FIIs was not felt in the market today.

The BSE Sensitive index opened at 3892.55, and advanced to a high of 3943.16 for the day. It later dipped to a extreme low of 3890.84 and closed to record a day's high of 3908.48, showing a rise of 58.68 points from its previous close of 3849.80.

The BSE-100, on the other hand, closed at 1729.44 points, recording a rise of 29. 41 points from its previous close of 1700.03 points. The BSE-200 ended at 391.96 points, and the Dollex closed at 161.33 points, leading brokers said.

Reflecting the upwards trend, the BSE Sensitive index (30 scrips) opened higher with 3892.54 points due to good buying support from local operators. During the intraday trading session, it reach a high of 3943.16 points and touched the low of 3890.84 points before closing at 3908.48 points.

The BSE-100 National index gained by 29.41 points to 1729.44 points as against previous closed of 1700.03 points. The BSE-200 and Dollex also increase 7.47 and 4.28 points to 391.96 and 161.33 points as compared to last working day's close of 384.49 and 157.05 points respectively.

The total turnover of the screen-based trading was Rs 10.2 billion involving 36.5 million shares in 104,374 trades. ITC registered highest volume of Rs 1.9 billion, ACC Rs 878.5 million, SBI 748.9 million, Reliance 303.3 million, L and T 109 million, MTNL 99.2 million, Videocon Int 195.1 million, Sterlite 70.7 million, BHEL 55 million and Castrol Ind 27 million in specified counters.

Among other active scrips were BFL Software (Rs 77.3 million), Oil and Natural Gas (Rs 46.4 million), Videsh Sanchar (Rs 32.8 million), Software Sol (Rs 30 million), Him Fut Comm (Rs 27.9 million), Silverline I (Rs 20.9 million), Max India (Rs 18.1 million), Mastek (Rs 15.2 million), Maars Software (Rs 14.3 million), IPCA Labs (Rs 13.8 million), Indian Oil (Rs 13.4 million), Rolta Ind (Rs 13.2 million), Wipro (Rs 12.7 million), Global Tele (Rs 11.6 million) and Leading Edge (Rs 11.4 million) at "B1" counters.

UNI

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