Pivotals advance further

Brokers said the sentiment was subdued till mid-session following end-account considerations on the National Stock Exchange NSE. However, the market turned better following optimism over the Centre8217;s initiative to repromulgate ordinance. Besides a general uptrend in the stock markets across the world also helped in the recovery process.

Telco was in the limelight with a sharp upsurge of 13.20 at Rs 178.80 on hectic buying activity. Leading FIIs purchased about 10 lakhs shares of Telco during the trading. FIIs focussed their attention on the pharma sector making fresh purchases in Glaxo, Rhone Poule, German Remedies, Novartis and Dr Reddy8217;s Lab. The volume of business was substantially up at Rs 1707.44 crore as against Monday8217;s turnover of Rs 1504.04 crore. Satyam Computer was the most active scrip with a turnover of Rs 255.97 crore and the scrip firmed up by Rs 17.75 to Rs 761.75.

On the NSE, share prices rose further on the last day of the current settlement due to good buying activity by domestic financial institutions FIs. The Samp;P CNX Nifty closed 9.40 firmer at 907.20 from the last close of 897.80. Shares worth Rs 1,957.71 crore were transacted today. The exchange witnessed 592 scrips advance, 441 scrips decline and 104 scrips remain unchanged. About 72 securities had hit their price bands.