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Senses gains 39 points to cross 3900 barrier

The tobacco giant ITC led the BSE Sensex to strengthen by 154.45 points over the last four trading sessions on the Bombay Stock Exchange following renewed buying support from foreign institutional investors and domestic institutional investors.

Friday being the last day of the current settlement cycle at the exchange, much bull liquidation was seen in the intraday trading session, leading brokers said.

The market began on a bullish note on Friday with good buying support from the bull operators who were busy squaring their positions. In the intraday trading, domestic institutions, including common investors, started booking profits pushing the Sensex lower. However, at the fag end, the FIIs and company circles bought a good amount of index-based shares and this consequently helped the market recover moderately, brokers said.

The 30-scrip BSE Sensitive Index opened at 3895.98 points, touched a day's high of 3927.77 points, a low of 3883.88 points before closing at 3925.44 points, showing a net gain of 37.88 points against the previous day's close of 3887.56 points.

The broad-based 100 scrips BSE National Index closed a 1703.63 points over Thursday's close of 1690.31 points, gaining 13.32 points. The BSE-200 and dollex indices increased by 02.73 and 01.27 points to 380.01 and 174.64 points respectively, as compared to the last trading day's close of 377.28 and 173.37 points respectively.

The FIIs bought a considerable amount of BHEL, ITC and RIL shares whereas domestic institution Life Insurance Corporation purchased side corner shares while Unit Trust of India booked its profits at a higher level, a leading broker said.

The total turnover was Rs 8.3 billion involving 30.4 million shares. Trading was led by Reliance Industries with a total turnover of Rs 2.4 billion, followed by ITC Rs 2.1 billion, Tata Tea Rs 900.6 million, SBI Rs 713.1 million, Castrol Rs 306 million, BHEL Rs 218.5 million, TELCO Rs 166 million, TISCO Rs 140.3 million, Hind Lever Rs 82.9 million, Colgate Rs 81.6 million, ACC Rs 74.3 million, HDFC Rs 70.4 million, L&T Rs 65.4 million, ICICI Rs 62.1 million and MTNL Rs 54.1 million in the specified counters.

Good trading was witnessed at Satyam Comp, ICICI Bank, Infosys Tech, Bank of Baroda, Tata Infotech, Wipro, NIIT, Hind Ciba, Nicholas Piramal, Punjab Tractors, Aptech, and Forbes Gokak in B1 counters.

UNI