MUMBAI, JULY 8: Pivotals advanced further on the Bombay Stock Exchange (BSE) today on buying support by foreign funds coupled with local support. The Sensex gained 50 points. After a firm spell, a few scrips attracted profit taking towards the end. However, the closing rates showed further widespread modest to handsome gains. The volume of business improved. The closing undertone remained better.The BSE sensitive index opened at 3225.71, touched the day's high of 3268.54, but reacted towards the end to finish at 3245.88, with a handsome gain of 49.94 points over the previous close of 3195.94 points. The BSE-100 index gained 21.04 points to 1428.45 from the previous level of 1407.41.
Brokers said that the sentiment was boosted on good buying support from foreign funds and bull operators on reports of the Law Ministry's green signal for the buy-back proposal but operators remained cautious in view of the restrictions in the proposed scheme. On the National Stock Exchange (NSE), share prices rose further onthe first day of the current settlement following sustained buying by bull operators and FIIs.
FIIs buy value stood high at Rs 6561.39 lakh and sell value at Rs 2653.75 lakh. FIs/MFs buy and sell value were at Rs 518.13 lakh and Rs 558.08 lakh respectively. The NSE-50 index opened better at 925.15 and rose further to 948.30 and closed at 944.15, showing a rise of 19.45 over the last close. Nifty junior (midcap) index rallied by 37.35 to close at 1405.60 from 1368.25. The market witnessed total turnover of Rs 1,235.05 crore.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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