Fri close: Sensex gains 65 points
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Fri close: Sensex gains 65 points

Firm Asian advices and easing global crude oil prices propel the BSE index to close the week on a positive note.

india Updated: Sep 08, 2006 19:48 IST

The key indices, the Bombay Stock Exchange (BSE) benchmark Sensex and the Nifty on Friday reversed the trend on the back of firm Asian advices and easing global crude oil prices amid heavy FII pullout.

The Sensex ended the day 64.80 points or 0.55 per cent up at 11,918.65 over Thursday's close of 11,853.85 after moving in a range of 11,940.58 and 11,825.22 during the day.

Similarly, the National Stock Exchange's (NSE) S&P CNX Nifty, too closed higher at 3,471.45, up 16.90 points or 0.49 per cent from the previous close of 3,454.55.

Bulls as well as retailers were believed to be fairly heavy buyers in frontline stocks despite FII pullout even as emerging markets elsewhere witnessed a firm trend.

Foreign Institutional Investors (FIIs) reported net sales of about Rs 1,005 crore in the derivatives on September 7. As per provisional numbers, FIIs also made withdrawals of Rs 89 crore in the cash on the same day.

The trading volume witnessed day-to-day rise on increased participation by operators and retail investors in the last three days, brokers said.

Auto shares were in the limelight on reports that the Indian auto sector is all set for major expansion programmes. While Maruti Udyog has planned a fresh investment of Rs 3,000 crore, Honda Siel is likely to invest Rs 900 crore to make a debut in the small car segment.

In Asian markets, the Nikkei ended up by 68.05 points, the Hang Seng by 49.32 points, the Taiwan by 7.88 points, the Singapore ST by 4.75 points and the Kospi by 3.72 points.

The gains outnumbered losses by 1,563 to 980 of the total 2,616 traded scrips. 258 counters closed at the upper circuit filter while 97 others touched the lower price band.

The trading volume improved further to Rs 3,503.29 crore from Rs 3,313.00 crore on Thursday. RIL was the most active scrip with the highest turnover of Rs 152.72 crore followed by Jet Airways (Rs 149.28 crore), Century Textiles (Rs 107.95 crore), Reliance Comm (Rs 102.60 crore) and Bombay Dyeing (Rs 94.22 crore).

The broad-based BSE-100 Index advanced by 29.76 points to 6,069.95 from the previous close of 6,040.19.

The BSE-200 Index and the Dollex-200 were quoted up at 1,435.54 and 517.32 at close compared to previous close of 1,427.08 and 515.11 respectively. The BSE-500 Index firmed up by 28.94 points to 4,552.01 from last close of 4,523.07 and the Dollex-30 ended higher at 2,118.01 from 2,109.92.

Maruti Udyog shot up by 27.75 to 940.80, Hero Honda by 25.05 to 736.00, RIL by 4.80 to 1130.35, BHEL by 72.50 to 2325.65, Bharti Airtel by 7.00 to 430.05, Cipla by 2.90 to 256.90, Dr Reddy's Lab by 10.60 to 738.10, Grasim by 31.95 to 2335.25, Hindalco by 3.35 to 183.90, HLL by 2.80 to 240.95, ITC by 2.10 to 188.10, Ranbaxy by 6.60 to 416.80, Rel Com by 14.80 to 316.25, REL by 9.20 to 488.10, SBI by 4.35 to 943.05, Tata Steel by 2.90 to 524.80 and TCS by 6.90 to 993.10.

Infosys Tech dropped by 9.50 to 1794.70, HDFC by 14.20 to 133.75, L&T by 14.20 to 2558.35, Wipro by 1.90 to 509.90, ACC by 1.70 to 945.45, ICICI Bank by 3.30 to 603.75, ONGC by 2.55 to 1197.70.

First Published: Sep 08, 2006 19:48 IST