The Hindu : Select shares post handsome gains

Online edition of India's National Newspaper
Tuesday, Apr 29, 2003

Business

Business

Select shares post handsome gains

MUMBAI APRIL 28. Overcoming early pressure, select blue chip counters posted handsome gains aiding the Sensex to end in the positive territory after a four-session losing streak on the Bombay Stock Exchange here today on late purchases by financial institutions as well as buying by operators.

The BSE benchmark 30-share index which opened weak at 2909.42 and dropped to the day's low at 2904.44, later staged a smart recovery on selective buying and ended at 2936.71 against last Friday's close of 2924.03, netting a gain of 12.68 points.

The broad-based BSE-100 index firmed up by 8.30 points to 1460.70 from 1452.40.

Foreign institutional investors who have been net buyers during last week were believed to have made small purchases in a few counters. However, IT shares met with selling at higher levels and registered moderate losses at close.— PTI

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Select shares post handsome gains