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Home -> Finance -> Full Story
BSE closes with gains amid thin trade volumes
Thursday, March 14 2002 19:42 Hrs (IST)

Mumbai: A moderate rally in select heavyweights helped the benchmark notch another 11.21 gains at the close to 3580.83 on the Bombay Stock Exchange (BSE) on March 14, but volumes were thin in cautious trade even as the general undertone remains firm ahead of the Ayodhya uncertainties.

However, the final closing list disclosed a mixed bag, with gainers outnumbering losers.

Main contributors to the SENSEX were RIL, Grasim, Hero Honda, Bajaj Auto, Glaxo and Zee Telefilms, which registered smart gains, dealers said.

Right from the onset of business share values displayed a positive trend following Supreme Court's ruling of maintaining status quo and disallow Pooja at the controversial site, a dealer commented.

However, operators as well as retail investors were still cautious ahead of further developments of March 15, he added.

The VHP (Vishwa Hindu Parishad) was bent on performing a symbolic Pooja on the undisputed site at Ayodhya on March 15.

The BSE-30 share sensitive index opened on a promising note at 3573.98 and was trapped in a limited range of 3590.43 and 3562.17 before closing at 3580.83 as against March 13 close of 3569.62, a rise of 0.31 per cent.

The broad-based BSE-100 index also improved further by 4.15 points to 1746.11 from 1741.96 previously.

Meanwhile, majority of software counters exhibited steady to easy trend following weak wall street advices where the Dow Jones industrial average and the Nasdaq Composite index dipped by over 130 and 35 points on March 13 night respectively.

PTI







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