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Samvat 2055 saw Sensex skyrocket 61 pc, Nifty 64 pc

Samvat 2054 savaged Sensex by 25 pc, index closed at 2848

Muhurat trading on November 7, between 7 pm and 8.30 pm IST

All the stock exchanges in India, including those in Bombay, Madras, Calcutta, Delhi, the National Stock Exchange and Over the Counter Exchange of India would remain open on Sunday, the Diwali festival day, for a special "Muhurat (aka moorat) Trading Session" on account of first day of new Samvat 2056.

The Muhurat Trading will be conducted between 1900 hours and 20:30 hours IST.

Sensex bids joyous bye to Samvat 2055, zooms 113 points to 4598

The Bombay Stock Exchange Sensex zoomed by 113 points by surpassing 4500 mark as infotech shares staged a handsome rally on the last day of Samvat 2055 on sustained buying support from foreign institutional investors and local opearators today.

Encouraged by continuous good buying support from FIIs, the local players and domestic institutional investors too made considerable purchases in an upbeat mood.

Infotech stocks flare up

Satyam Computer, Pentafour Software, Infosys Technologies, NIIT and Ranbaxy, ITC were at the forefront of the rally, dealers said.

Reflecting the bullish trend, the 30-share BSE Sensex opened at 4501.27 points, surpassed the important mark of 4,600 points, touched a day's high of 4608.42 points, touched a low of 4501.27 points, before closing at 4598.45 points, showing a net gain of 112.53 points from the previous close of 4485.92 points.

The broad-based BSE-100 National Index rose smartly by 43.29 points to 2151.10 points as against the previous close of 2107.81 points.

Today was the last trading day of the Samvat 2055 and trading for Samvat 2056 will began on Sunday with the special Muhurat Trading Session.

Most of the marketmen were busy in squaring up their positions on account of end account consideration while the Diwali mood also prevented them from taking long-term positions, dealers said.

Mirroring the uptrend, the BSE-200 and Dollex indices closed higher at 500.62 and 191.91 points as against the previous close of 490.72 and 188.16 points respectively.

The BSE-500 index advanced by 29.19 points to 1495.04 points as against the previous close of 1465.85 points.

Total turnover on the BOLT system improved sharply to Rs 25.87 billion.

Satyam Computer Services stood first in the list of turnover by registering the highest turnover of Rs 3.52 billion, Ranbaxy Rs 3.28 billion, Zee Telefilms Rs 1.76 billion, Reliance Rs 1.64 billion and Pentafour Software Rs 1.32 billion.

Other actively traded counters were Infosys Technologies Rs 938.4 million, Himachal Futuristic Communication Rs 888.7 million, Global Telesystems Rs 795.8 million, ITC Rs 754.6 million, Silverline Rs 727.9 million, SBI Rs 462.1 million, NIIT Rs 450.8 million, Telco Rs 440.2 million and Digital Equipment Rs 406.8 million.

Nifty spurts 28 points to 1365

Led by infotech stocks, share prices staged smart rally at the National Stock Exchange on good buying support from foreign and domestic institutional investors today.

According to marketmen, the market was in an upbeat mood throughout the day on sustained buying support from FIIs and UTI. Infotech giant Satyam Computer, Pentafour Software, Infosys Technologies, NIIT were in the limelight while ranbaxy and itc posted an handsome gains.

Reflecting the uptrend, the S&P CNX Nifty Index opened at 1336.75 points, touched the day's high of 1369.65 points, a low of 1336.55 points before closing at 1364.55 points, showing a net gain of 27.75 points from the previous close of 1336.80 points.

On the opening day of the Samvat 2055, the Nifty has closed at 831 after the Muhurat Trading. From 831 to 1365, the Nifty recorded a 64.25 per cent jump in Samvat 2055.

The S&P CNX-500 closed higher by 21.27 points to 994.70 points as against the previous close of 973.43 points. The S&P CNX Defty ended higher by 21.90 points to 1089.05 points from the previous close of 1067.15 points.

The Nifty Junior posted an handsome gain of 74.30 points to 2624.35 points from the previous close of 2550.05 points.

Total turnover on the NSE reported during the day was Rs 32.15 billion.

Satyam Computer topped the list of turnover by registering the highest turnover of Rs 4.90 billion, Ranbaxy Rs 4.05 billion, Pentafour Software Rs 2.18 billion, Reliance Rs 2.17 billion, Zee Telefilms Rs 1.90 billion and Silverline Rs 1.83 billion.

Other actively traded counters were Silverline, L&T, Infosys, ITC, Global Telesystems, SquareDSoftware, Himachal Futuristic and SBI.

The top gainers were ACC, Asian Paint, Dr Reddy's, L&T and Indian Hotels and the losers were Hindalco, Tata Power, IPCL and Gujarat Ambuja.

Rupee steady but ends a tad lower at Rs 43.42 to US $

The Indian rupee closed marginally lower against the greenback at Rs 43.4125/4200 on good dollar demand from importers, at the interbank foreign exchange (forex) market today.

The rupee opened marginally lower at 43.4150/4250, came under pressure due to good dollar covering by importers in view of the weekend and Diwali holidays and fell to the low of Rs 43.43/44 level in the morning. However, the Indian unit recovered partially later in the afternoon when the demand receded and supply improved.

The rupee ended at 43.4125/4200, lower from the previous day's closing of Rs 43.4075/4125. Dealers said the dollar demand that put a bit pressure on the rupee was mainly because of the three continuous holidays since the forex market will remain closed on Monday on account of Diwali after the weekend holidays.

Forward market witnessed relatively dull activities, and premia after moving in a narrow range ended nearly steady. The sixth month annualised premia finished steady at 4.99 per cent.

Meanwhile, the Reserve Bank of India fixed the reference rate for US dollar at Rs 43.43 as against Rs 43.42 of the previous day.

Cash/spot and cash/tomorrow premia ended at 2.50-3.00 paise and 1.75-2.00 paise respectively. The month-wise premia in paise were: November 18.5-19.5, December 23-26, January 44-45, February 61-62, March 80-81 and April 98-101.

In the cross currenmcy, the rupee closed stronger against pound sterling, euro and Japanese yen. Sterling finished at 70.47 (71.22), euro at 45.12 (45.51) and yen at 41.24 (41.34).

At the domestic money market, call rates opened at 8.25-8.75 per cent ruled in the range of 8.00-9.00 per cent and closed at lower 8.00-8.25 per cent on account of reporting Friday.

UNI

Bourses to reopen on Tuesday after Sunday's muhurat trading

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