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December 7, 1998

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Pivotals spurt on heavy FII, FI buying; Nifty up 17 points, 845.15

Pivotals registered handsome gains on heavy buying support from foreign institutional investors and domestic institutional investors at the National Stock Exchange today.

Mirroring the firm trend, S&P CNX Nifty Index opened at 829.75 points, touched the day's high of 846, fell to touch day's low of 828.20 and finally ended at 845.15 points, showing a net gain of 16.80 points from the previous close of 828.35 points.

CNX Nifty Junior gained smartly by 30.60 points to 1425.90 points as against the previous close of 1395.30 points.

S&P CNX Defty advanced by 13.25 points to 687.80 points from the previous close of 674.55 points.

S&P CNX-500 and CNX Midcap 200 closed higher by 10.71 and 8.13 points to 578.44 and 517.86 points from the previous close of 567.73 and 509.73 points respectively.

The exchange witnessed 550 securities advanced, 389 declined and 111 remaining unchanged. And 32 securities hit their price bands.

Total turnover on the NSE reported during the day was Rs 12.60 billion came from a trading of 53.25 million shares in 184,649 trades. Debentures traded value stood at Rs 3.94 million.

ITC clocked highest business value of Rs 1.99 billion, followed by Satyam Computers Rs 1.57 billion, Pentafour Software Rs 1.55 billion, Zee Telefilms Rs 808.6 million and Reliance Rs 775 million.

Other actively traded scrips were SBI (Rs 624.2 million), Telco (Rs 590.1 million), Tisco (Rs 346.1 million), Dr Reddy's (Rs 343.8 million), ACC (Rs 297.8 million), NIIT (Rs 206.7 million), Glaxo (Rs 205.4 million), Tata Tea (Rs 199.4 million), Silverline (Rs 184.2 million), Castrol (Rs 178.6 million), Infosys Tech (Rs 173.3 million), Ranbaxy (Rs 157.9 million), HCL-HP (Rs 152.1 million), Software Solutions Integrated (Rs 146.5 million), MTNL (Rs 137.6 million), Hindustan Lever (Rs 122.4 million), L&T (Rs 109 million), Raymond (Rs 108.6 million), BHEL (Rs 100.4 million), Squarer D Software (Rs 96.7 million).

The top gainers were Gujarat Ambuja closed higher at Rs 236.50 (Rs 222.25), Telco Rs 130.05 (Rs 122.60), Ranbaxy Rs 275.75 (Rs 261.85) and Colgate Rs 181.75 (Rs 173). The top losers included ITC Rs 707.20 and Asian Paints Rs 299.80 (Rs 300).

The FIIs have made net buying worth Rs 183.9 million while the net buying by financial institutions and mutual funds stood at Rs 17.8 million.

UNI

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