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Sensex touches 5150, dips on profit-booking to 5032

The Bombay Stock Exchange Sensex touched a new intra-day high of 5150.98 by surpassing 5,100 mark before finishing at 5031.78 points as share prices continued their upward march on good buying support from bull operators and institutional investors at the BSE today.

Trading for the new settlement at the BSE began on a bullish note and the Sensex started almost 169 points higher at 5150.98 points (day's high) from Friday's close of 4981.74 points, but it gradually came down to touch the day's low of 5028.61 points, following profit-booking in pivotals by operators.

The Sensex finally ended at 5031.78 points, showing a net gain of 50.04 points from the previous close.

The foreign institutional investors reportedly made purchases at the select counters like Silverline, Global Telesystems, Pentafour Software and Satyam Computers.

Shares of Satyam, Grasim, Cipla also hit the upward circuit filters during the day, dealers said.

Expectations of encouraring results by Satyam Computer, Polaris, Pentafour Software in the coming week helped to maintain the firm trend, dealers said.

They added that people in the market are quite hopeful of spectacular performance by these software giants.

The broad-based BSE-100 index also rose by 24.51 points to 2354.02 points from the previous close of 2329.51 points.

The undertone of the market is bullish and dealers felt that the market will go up further.

The BSE-200 and Dollex indices closed higher by 5.98 and 3.01 points to 544.02 and 209.03 points points as against the previous close of 538.04 and 206.02 points respectively.

The rally continued to be driven by the software shares and fundamentally strong shares, they said.

UNI

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