Sensex gains 32 points

Brokers said the FIIs made considerable purchases in pivotals since last two days despite important political developments at the centre in the wake of the Central Bureau of Investigation’s (CBI) cases against the Bihar Chief Minister Laloo Prasad Yadav and consequences of the judgment on his bail application in the Patna Court. SBI recorded highest turnover of Rs 198.41 crore of the total volume of business of Rs 830.29 crore. Other active scrips were Reliance (Rs 107.31 crore), Tata Steel (Rs 78.99 crore), Tata Tea (Rs 53.93 crore) and ITC (Rs 51.74 crore).

SBI remained quiet at Rs 327.25, Reliance declined from Rs 349.50 to Rs 346.75 on profit taking. However, Tata Steel rose by Rs 6 to Rs 209.50, Telco by Rs 4.75 to Rs 400.75 and ITC by Rs 4.25 to Rs 508.50. On the NSE, share prices recovered on the last day of the current settlement on fresh buying by FIIs and select buying by investors for squaring up positions. The NSE-50 index closed at 1173.25, showing a recovery of 8.25 points.

Similarly, the Midcap index closed at 1275.60, displaying a gain of 6.95 points. The turnover on NSE was Rs 1,559.88 crore.