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Home -> Finance -> Full Story
Equities rally on Paramhans' changed stand
Thursday, March 14 2002 13:09 Hrs (IST)

Mumbai: Across the board buying triggered by a change in stance by Ram Janmabhoomi Nyas president not to enter the acquired land as per the Supreme Court directive, injected some confidence and share values rallied smartly on the Bombay Stock Exchange (BSE) on March 15 at the opening session.

Mahant Paramhans Ramchandra Das, president of Ram Janmabhoomi Nyas, who had on March 14 threatened to end his life, changed the stand saying that he would abide by the Supreme Court order, generated a fresh buying by speculators as well as retail investors.

The BSE-30 share sensitive index opened firm at 3,593.56 and immediately touched a low of 3,591.68. However, renewed buying took the SENSEX to a high of 3,626.33 before being quoted at 3620.30 at 10.50 am (IST) as against March 14 close of 3,580.83.

Majority of software shares recovered smartly on fresh buying despite weak NASDAQ advices.

Select Public Sector Undertakings (PSUs) stock were once again in limelight on institutional buying.

PTI





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