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Journalism of Courage
MUMBAI, DEC 16: After a weak spell, pivotals on the Bombay Stock Exchange BSE recovered slightly after the mid-session on emergence of short coupled with fresh buying support. The Sensex gained 9 points. The closing rates showed small widespread gains. The volume of business remained below normal.
The BSE sensitive index opened at 2906.47 and moved between 2936.92 and 2887.31 before closing at 2936.92, showing a net gain of 9.44 points from the previous close of 2927.40. The BSE-100 index advanced by 5.47 points to 1300.36 from the previous close of 1294.89 points.
Operators were jittery in early session and sold heavily with the sensex down by 40.17 points during mid-session trading on account of the stiff opposition to the introduction of the Insurance Regulatory Authority IRA bill and secondly due to the delay that would be caused with the bill referred to the joint committee of Parliament.
The total turnover was Rs 1089.34 crore. Satyam Computers was the leader with a turnover of Rs 248.01 crore. Satyam Computers gained by Rs 24 to Rs 59, ITC by Rs 7.25 to Rs 704.75, Pentafour by Rs 18 to Rs 495.25, Telco by Rs 7.60 to Rs 145.60 and Zee Tele softened by one rupee to Rs 553.
On the NSE, pivotals recovered moderately on the first day of the current settlement due to fresh buying by foreign institutional investors FIIs. The market opened on a weak note, but prices recovered towards the end of the trading session and finished better.
The Samp;P CNX Nifty rose by 6.50 points to close at 851.55 from the lastclose of 845.05. The market witnessed a total turnover of Rs 1449.40 crore. Today, 585 scrips rose while 326 declined and 98 remained unchanged, 36 securities had hit their price bands.
