Share prices showed a recovery move on the Delhi Stock Exchange (DSE) yesterday on fresh pre-poll buying, mostly of technical nature, and closed with gains spread over a wide front. Domestic and foreign funds buying shares of heavy-weighted multinational companies also influenced the trend.
Reports of encouraging working results from HLL partially fuelled the rising prices, marketmen said. They said there was technical as well as speculative buying before the elections on Monday brought back confidence among general buyers.
The DSE sensitive index rebounded to finish 19.19 points higher at 731.52. HLL shares soared from Rs 115.15 to Rs 1,496.90 on frantic purchases by speculators and foreign institutional investors. Shares of ITC were traded heavily and rose by Rs 14.20 at Rs 605.85 and Nestle India gained Rs 17.30 at Rs 314.