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This is an archive article published on February 4, 2000

Sensex gains 35 pts

MUMBAI, FEB 3: Select pivotals advanced further on the Bombay Stock Exchange (BSE) today on speculative support coupled with sustained buy...

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MUMBAI, FEB 3: Select pivotals advanced further on the Bombay Stock Exchange (BSE) today on speculative support coupled with sustained buying from foreign funds. Zee Telefilm, HCL, Reliance, SBI and SAIL were the most active scrips traded on BSE and remained on the forefront.

Sensex (BSE sensitive index) moved between 5381.74 and 5323.32 before closing at 5340.19 showing a net gain of 35.27 points from the previous close of 5304.92. The BSE-100 index shot up by 75.59 points at 3088.79 as against the previous close of 3013.20.

Brokers said there was a lot of buying in cement, media and software stocks. There was selling pressure at chemical, engineering, FMCG and pharma stocks counters. Stocks that hit the upper circuits were Mastek, Pentamedia (Pentafour Software), Zee Telefilm, VSNL, Gramophone, Goldstone Engineering, Leading Edge, Sri Adhikari, Kale Consultants, Pentasoft (Pentafour Communcations), Krone Communications, Infotech Enterprise, HCL Infosys, Cybertech, BFL Software Electrosteel, Parke Davis,Fujitsu ICIM and BPL.

Dealers said interest moved away to non-index shares which recorded huge trading volumes. Domestic and foreign funds were main buyers but mostly into non-index shares. Shares of select public sector companies were up, possibly due to expectations of disinvestment, dealers said.

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