DSE REPORT
Hectic buying of automobile scrips and ITC reversed bearish sentiments on the Delhi Stock Exchange (DSE) yesterday as the benchmark DSE index crossed the psychological 800-point barrier.
However, emergence of a low level profit selling erased earlier gains and the sensitive index slipped back to close at 799.41 points, up 3.44. Marketmen said the index had jumped up to touch 807.80 points but profit-taking in the later half pushed it down.
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Both domestic and foreign institutional investors made hectic purchases of Hero Honda pushing it up to close with a gain of Rs 30 at Rs 952. HLL gained Rs 13.50 at Rs 1,318.50. ITC was another FII favourite with huge purchases pushing it up to Rs 599.50 before profit-takers pulled it down to close the day at Rs 576, up Rs 6.25.
Telco moved up by Rs 6.80 at Rs 333.50 while Bajaj Auto gained Rs 6 at Rs 577 and ACC by Rs 8.45 to close the day at Rs 1,179.50. The gainers included Apollo Tyres, Essar Shipping, Essar Steel, ICICI, ITC Hotels, MTNL, Nestle India and SBI. The losers in the specified category included Asian Hotels, BSES, Daewoo Motors, Escorts, IPCL, IFCI, RIL, OBC, Siel, Sail and Tisco.