Business Standard

Institutional Buys Prop Tech, Blue-Chip Stocks

Image

Our Markets Bureau BUSINESS STANDARD

The Bombay Stock Exchange (BSE) sensex consolidated gains for the third straight day on Monday, following institutional buying in technology and select blue-chip stocks.

However, selling pressure in defensive pharma and state-owned refinery stocks capped gains. After trading in an narrow range of 20 points, the sensex settled with a marginal gain of 7.62 points at 3,003.39.

Meanwhile, on the National Stock Exchange, the S&P CNX Nifty index rose by 1.40 points to 972.45. Overall, losers outnumbered gainers in light trades.

Tech major Infosys Technologies advanced 1.57 per cent to Rs 3.820.15 on hectic buying by foreign funds.

HCL Technologies added 1.17 per cent to close at Rs 206.90 on hopes of significant improvements in earnings for the September 2002 quarter.

 

Satyam Computer slipped from an intra-day high of Rs 218 to settle at Rs 210.10, down 0.94 per cent from Friday

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 15 2002 | 12:00 AM IST

Explore News