Stocks continue uptrend

Apart from FII activity with some new funds reportedly making net purchases in Satyam Computer, State Bank of India and Novartis created favourable conditions for speculators to make fresh commitments. Satyam Computer which hit all-time-high yesterday shot up further on sustained buying support while Ranbaxy, Glaxo and other pharma shares too staged a smart rally on good buying support from investors.

The total volume of business wassubstantially higher at Rs 3404.43 as against Rs 2993.23 crore recorded yesterday. Satyam Computer clocked the highest turnover of Rs 465.22 crore. Satyam Computer firmed up further by Rs 102.90 to Rs 2117.90, Zee Telefilms by Rs 125 to Rs 6505, Pentafour by Rs 8.80 to Rs 879.80, Silverline by Rs 46.75 to Rs 631.70, BHEL by Rs 6 to Rs 245, Hindustan Lever by Rs 66.90 to Rs 2420, Novartis by Rs 98 to Rs 1330 and SBI by Rs 14.30 to Rs 245.30 on buying support.