After a prolonged bearish phase, the Diwali season has infused some cheer in the market with the NSE-50 index gaining 9.75 points over it previous close of 874.89. Since the Bombay Stock Exchange remained closed yesterday, much of the attention was turned towards the NSE. Though the sentiment was better, there was little trading in the scrips, an NSE dealer said. The upward trend continued through yesterdays session.
The Nifty opened at a low of 876.11, before reaching a high of 885.68 and closing at 884.64, gaining 9.75 points over the previous close of 874.89. While the net traded value was Rs 615.06 crore, the net traded quantity was 325.61 lakh shares and number of trades were 68621. Hectic activity was seen in ITC, SBI, Reliance, Tisco, L&T, BSES, ACC, Telco, Bajaj Auto, MTNL, HPCL, Oriental Bank, Tata Power, Bhel, Gujarat Ambuja Cement, IPCL, Lakme Ltd, CESC, The Bank of Rajasthan, Saw Pipes, Wockhardt Ltd, ICICI, Reliance Capital, Peacock Industries and Vesuvius India.
Brokers said institutions had put token buy orders of small quantities on account of Sundays Moorat session. This resulted in an upward movement in select scrips, they added.
The top five gainers were Bihar Sponge (11.11 per cent), Innovative Marine Foods (11.11 per cent), Madhya Pradesh (10.81 per cent), Kings International (10.71 per cent) and Garware Shipping (10.64 per cent).
