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Nifty gains slightly, Defty loses

A mixed sentiment prevailed in the National Stock Exchange in Bombay as pivotal prices fluctuated on alternative bouts of buying and selling.

Due to the weakening of the Indian rupee, foreign institutions investors sold considerable amount of index-based shares whereas domestic institutions led by Unit Trust of India bought the heavy-weighted shares.

The NSE has started new index 'Defty' following the volatile foreign exchange market, to have an instrument for measuring returns on their equity investment in dollar terms.

The NSE-50 (Nifty) Index opened at 1011.70 points, touched day's high of 1028.90 points before closing at 1016.85 points showing a net gain of 6.15 points.

The Dollar NSE-50 (Defty) index opened at 911.60 points, improved to 922.65 points, and finally closed at 911.15 points, suffering a loss of 2.95 points against 914.10 points of the previous day's close measured in dollar terms.

The Midcap Index closed at 1160.70 points as compared to yesterday's close of 1147.05 points gaining 13.65 points. The total turnover on the exchange was Rs 15.4 billion involving 53.6 million shares.

The total turnover was led by ITC (Rs 7.9 billion), RIL (Rs 2.3 billion), SBI-N (Rs 1.6 billion), Tata Tea (Rs 830.1 million), ACC (Rs 499.7 million), TELCO (Rs 220 million), Hind Lever (Rs 203 million), Castrol (Rs 196.5 million), Ponds (Rs 170.1 million), P&G (Rs 158.8 million), TISCO (Rs 146 million), MTNL (Rs 145.7 million), BHEL (Rs 89 million), Satyam Comp (Rs 69.3 million), LML (Rs 67.8 million), Infosys Tech (Rs 5.97 million), L&T (Rs 59.6 million), Bajaj Auto (Rs 58.4 million), Colgate (Rs 50 million), BSES (Rs 49.1 million), Wockhardt (Rs 42.3 million), ICICI (Rs 25.2 million), Sterlite (Rs 2.36 million), Pentsofware (Rs 22.5 million) and Rel Capital (Rs 22.4 million).

The top gainers were Ponds, Rel Capital, TV Suzuki, MRPL, Reliance, and losers were Ashok Leyland, M&M, Bajaj Auto, Hindalco and ACC.

UNI