08 - June - 2005

The Sensex continued it's upward momentum today and shot up by another 77 points on the Bombay Stock Exchange (BSE) on the back of heavy purchases by local and foreign players. After opening weak at 6768.20, the BSE Benchmark 30-share Index bounced back breaching the 6800-mark during morning trading and later fluctuated in a range of 6862.83 and 6768.20 before ending the day at 6858.24 against yesterdays close of 6781.25, a net rise of 76.99 points or 1.14 per cent.

The NSE Nifty closed at 2,112.4 (up by around 15 points). The rupee was trading at 43.44 to the dollar.

Major banking, software and telecom heavyweights added fuel to the up-move. The surge in bank shares was partly due to expectations of speedy reforms in the sector following the green signal by the Reserve Bank of India (RBI) to banks for funding corporates for overseas acquisitions.

Gains in Reliance stocks continued on hopes of an impending settlement.

SCI was one of the lead gainers today and the stock closed 7% up. In fact, the stock has been in limelight since the past few days, after reports
that the company has won a bid for transportation of 9 million tonnes (around 66 m barrels) of crude oil for IOC. Stocks from the software sector were the major gainers. Leading gainers included Patni Computers, Infosys and Satyam (all up 3%).

Top Movers NSE


NIIT Technologi 167.35 20.40
South East Asia 92.10 20.31
Arham Fiscals L 16.30 20.30
Premier Auto El 26.95 20.04
Tamil Nadu Petr 27.35 16.14

Laggards NSE

Matsushita Tele 20.60 7.42
Credit Rating I 1057.60 6.20
Venky`s (India) 137.60 6.04
S Kumars Synfab 27.25 5.55
Parrys Confecti 235.90 4.99
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Other Top Gainers

SHIP. CORP. 161.30 7.28%
REL. ENERGY 572.00 4.09%
ABB 1,350.00 3.71%
ICICI BANK 420.00 3.61%
SATYAM 473.00 2.83%

Other Top Losers

DR.REDDY 710.55 -2.24%
BAJAJ AUTO 1,265.00 -1.87%
BPCL 370.05 -1.29%
ORIENTAL BK. 275.50 -1.18%
ONGC 923.00 -1.10%

Top Volume NSE

S R F Ltd. 167.90 16889555
Ashok Leyland L 26.20 13001083
Essar Steel Ltd 42.35 11176310
Tata Teleservic 27.40 9338172
Industrial Fina 14.90 8106218