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Mon close: Sensex gains 61 pts

In volatile trade, the benchmark index closes the day at 12,071.30 points due to increased buying in pivotal shares.

india Updated: Sep 18, 2006 19:11 IST

In volatile trade, the Bombay Stock Exchange bellwhether, Sensex, on Monday gained further ground and closed 61.71 points higher at 12,071.30 points due to increased buying in pivotal shares.

Both foreign as well as domestic funds were said to be the major buyers.

The BSE-30 share sensitive index started the day marginally weak at 12,006.19 points as against Friday's close of 12,009.59, but soon shot up on heavy buying and hit the intra-day high of 12,114.95 points.

Later, as prices of select heavyweight shares declined, the index fell back and ended at 12,071.30 points, however still showing a good gain of 61.71 points or 0.51 per cent over the previous close.

Similarly, at the National Stock Exchange (NSE), the S&P CNX Nifty rose by 14.15 points or 0.41 per cent to end at 3,492.75 points from the last close of 3,478.60.

Foreign Institutional Investors (FIIs) continued to remain heavy buyers and were reportedly picked up shares worth Rs 491.50 crore on Thursday after buying equities worth Rs 519.40 crore in cash on Wednesday.

Meanwhile, international crude oil prices were higher in Asian trade today as the market consolidated positions after recent sharp falls, dealers said.

New York's main contract, light sweet crude for October delivery, was up by 12 cents at $63.45 per barrel, while Brent North Sea crude for October climbed up by five cents to $63.38 a barrel. 

The global market displayed a mixed trend as in Asia, Hang Seng was higher, while Nikkie was quoted weak. Similarly, in the Wall Street, the Nasdaq Composit Index firmed up, but Dow Jones Industrial Average remained depressed.

Displaying the firm trend, 1,286 out of a total of 2,568 shares closed on the plus side, while 1,199 ended weak.

The trading volume, however, fell sharply to Rs 2,898.56 crore from the previous level of Rs 3,460.04 crore. RIL topped the list of highest traded securities with a turnover of Rs 150.78 crore followed by ZEE (Rs 106.53 cr), Mahigesc (99.34 cr), Escorts (97.50 cr) and L&T (86.56 cr).

Among sectoral indices, FMCG rose smartly by 44.01 points to 2,053.31, HC by 38.98 points to 3,635.76 and CG by 85.46 points to 8,184.84.

The broad-based BSE-100 Index rose further by 33.82 points to 6,147.57 from last Friday's close of 6,113.75.

The BSE-200 Index and the Dollex-200 also ended higher at 1,452.07 and 524.07 from the last close of 1,444.54 and 521.75 respectively. The BSE-500 Index hardened by 24.72 to 4,604.96 from last weekend close of 4,580.24 and the Dollex-30 ended higher at 2,148.39 from 2,139.03 previously.

Among the major gainers, L&T rose by 54.35 to 2694.30, HDFC by 35.95 to 1366.40, BHEL by 22.15 to 2290.85, Grasim by 10.45 to 2496.50, RCOL by 9.15 to 326.70, SBI by 11.40 to 991.10, Wipro by 3.55 to 513.10, Infosys Tech ny 8.50 to 1817.45, ITC by 4.75 to 187.10, Dr Reddy by 8.45 to 754.75, HLL by 7.00 to 250.55 and Cipla by 5.70 to 260.35.

However, RIL fell by 8.45 to 1132.05, Tata Steel by 6.25 to 498.15, TCS by 6.35 to 996.80 and Tata Mot by 10.65 to 859.00.