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Journalism of Courage
MUMBAI, Aug 9: Pivotals gained ground on the Bombay Stock Exchange BSE today due to all-round buying by operators and renewed institutional support. Economy stocks led the day8217;s rally with a host of these shares touching the daily upper limit on fresh speculative interest. Several software scrips remained in the limelight on institutional support. Pharmaceutical shares showed a mixed trend on alternate bouts of buying and selling.
Sensex BSE sensitive index opened at 4605.07 and gradually moved up further to a high of 4659.66 before closing 4639.20 with a net gain of 63.90 points against last Friday8217;s close of 4575.30.
In the software section, all the software stocks remained firm throughout the day. Digital Equitpment touched an all-time high of Rs 748 although the close was at Rs 710. Rolta and Silverline also hit the upper circuit during the first half of the day but declined during the second half of the day.
Satyam Computers and Pentafour Software also showed a marginal correction. HCL Infosys also showed a gain over its previoys day8217;s close. Global Tele was also at the upper circuit. Other counters which hit the upper circuit limit was hit were Escorts, Apollo Tyres, Philips and Peerless Shipping.
Meanwhile on the NSE, pivotals displayed fresh recovery on on emergence of buying by operators and domestic funds and closed with widespread gains. The market opened better and share prices rose further during the day and the Nifty gained by nearly 11 points. Mirroring the general trend, the Samp;P Cnx Nifty opened at 1316.90 and rallied further to1332.90, before closing at 1327.75, showing a good gain of 10.95 over the previous close of 1316.80.
