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BSE: SENSEX recovers after initial loses
Tuesday, June 10 2003 12:08 Hrs (IST)

Mumbai: After resuming lower, the benchmark recovered smartly in line with a rally in key old-economy shares at the opening session on the Stock Exchange, Mumbai (BSE) on June 10, on fresh buying from foreign funds and operators.

The top heavyweight and petrochemical giant, Reliance was in the forefront and recouped its overnight losses on good buying support.

Besides, RIL, other Index-based shares like HPCL, ICICI Bank, GACL, Telco and Tisco also were quoted marginally higher.

The BSE-30 Share SENSITIVE INDEX opened lower at 3332.66 as against June 9's close of 3337.31 and moved down further to a low of 3314.86. Buying in old-economy shares lifted it to a high of 3343.67 before being quoted at 3341.83 at 11.00 am.

Frontline IT shares like Infosys Tech, Satyam Computers and Wipro suffered a moderate setback on negative advices from Wall Street. The Dow Jones Industrial Average and the NASDAQ COMPOSITE INDEX dropped by 82.79 points and 23.45 points on June 9 respectively.

June 9’s battered digital global recovered moderately on buying at lower levels.

Among the top gainers, Silvtec rose by 6.93 per cent, Dabrind by 4.16 per cent, Dlinkin by 4.00 per cent, BASF by 3.74 per cent, Baljtel 3.16 per cent, Esslprk 3.15 per cent, Mastek by 3.09 per cent, Centtxl by 2.99 per cent, Tatapwr by 2.91 per cent and Rashchm by 2.81 per cent.

However, Hindtmt declined by 5.91 per cent, Vijaya bank by 5.16 per cent, Indov bank 4.62 per cent, Cummind by 4.19 per cent and Trigtel 4.17 per cent.

PTI



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