MUMBAI, April 9: The National Stock Exchange (NSE) has recorded the highest number of trades on the first day of the current settlement. After a better start, majority of shares flared up towards the fag end on heavy buying by bull operators as well as foreign institutional investors (FIIs). The BSE was closed today on account of Mahavir Jayanti.The market witnessed a record number of 2,66,877 trades worth Rs 2,163.53 crores from 894.02 lakh shares. The previous highest was 2,45,981 trades on March 24 in 837.52 lakh shares valued at Rs 1657.17 crore. Debentures turnover was Rs 10.16 lakhs.
The NSE-50 index opened better at 1189.40 points and shot up to a high of 1224.25 and closed at 1209.60, showing a good gain of 21.80 points over the last close of 1187.80 points. The Defty index also resumed higher at 1040.70 and later closed at 1058.35, revealing a gain of 19.05 from the last close of 1039.30.
The Midcap index, after a firm start at 1471.05 rallied to end at 1580.80, showing a steep hike of 111.40points from the previous level of 1469.40.The most actively traded securities were: ITC (Rs 506.06 cr), Tata Tea (Rs 233.57 cr), Reliance (Rs 217.60 cr), SBI (Rs 152.87 cr), and Castrol (Rs 99.29 cr).
Meanwhile, NSE has successfully completed its 176th settlement today. The total value of the settlement was Rs 1341.75 crore for securities and Rs 182.77 crore in funds. The pay out has been completed and all shortages to the extent of 1.06 per cent have been successfully auctioned.
Unrectified bad deliveries for the previous settlement to the extent of 0.19 per cent have also been auctioned successfully.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
