Sensex rises by 31 points

Brokers said operators, who kept away at the initial stages anticipating a short-term correction with a broad sideways movement, made some purchases after mid-session to transfer their positions from the National Stock Exchange NSE which witnessed squaring up at the last day of the current account.

FIIs reportedly purchased scrips like Proctor amp; Gamble, Wartsila, Pentafour Software, Smithkline Consumer and some Indian stocks. Impressive financial results declared by tobacco giant ITC were discounted by the market and the ITC scripdropped by Rs 38.40 to Rs 1074.90 as the results were below the market expectations.

Pentafour Software remained the most active scrip with a turnover of Rs 225.94 crore of the total volume of business of Rs 1730.84 crore which was remarkably higher than Rs 1423.99 crore posted yesterday. Pentafour Software spurted by Rs 49 to Rs 1,200 on fresh support. SBI improved by Rs 6.10 to Rs 264.50, Reliance by Rs 4.50 to Rs 170.10, Satyam Computer by Rs 15.85 to Rs 1,528, Hindustan Lever by Rs 40 to Rs 2,330, Telco by Rs 10.05 to Rs 184.80 and Tisco by Rs 4.60 to Rs 114.60.