Financial Daily from THE HINDU group of publications
Tuesday, Dec 17, 2002
Financial Daily from THE HINDU group of publications Tuesday, Dec 17, 2002 |
|
|
|
|
|
Markets
-
Stock Markets Columns - Ear to the ground Block deals in key counters
IT was a day of block deals in some of the leading index counters. The stocks that witnessed such deals included ACC, Hindustan Lever, MTNL and GAIL. Other counters that attracted smaller block deals were ITC and HDFC. Most of these deals were done on the BSE. Dealers said the transactions in most of these shares were between Singapore-based FIIs. Some of these deals were mainly inter-scheme transfer of an FII as a part of its restructuring. In some other block deals, a leading European FII was the seller. Despite these block deals, there was not any major change in the stock price of these companies. The biggest deal was in HLL counter. Total volumes in the counter were 19.85 lakh shares on the BSE. On the NSE, the volumes traded were 10.84 lakh shares. The stock closed almost flat at Rs 180 on both the bourses. MTNL too witnessed several block deals. Volumes in MTNL counter on BSE were 17.24 lakh shares and on NSE 4.53 lakh shares. The stock closed 1.83 per cent down at Rs 101.80 on the BSE and at Rs 101.75 on the NSE. ACC had block deals of around nine lakh shares. Total volumes were 11.80 lakh shares on the BSE and the stock closed 0.25 per cent higher at Rs 158.90. Volumes on the NSE were 4.55 lakh shares and the stock closed at Rs 158.60, up 0.41 per cent. GAIL counter had block deals of around 5.5 lakh shares and total volumes on BSE were 6.83 lakh shares. GAIL stock closed 0.14 per cent lower at Rs 69.25. On the NSE, volumes were 1.48 lakh shares and the stock closed at Rs 69.40, up 0.29 per cent.
FIIs pull down Infosys
After remaining buyers in Infosys counter for over a month, FIIs turned sellers in the Infosys counter on Monday.
This was the main factor for the stock price of the software major closing lower. The stock ended 1.97 per cent lower at Rs 4,578 with volumes of 3.78 per cent on the BSE. On the NSE, the stock closed at Rs 4,575, down 2.08 per cent with volume of 8.21 lakh shares. Dealers said FIIs selling was mainly to book profits.
Virendra Verma
Send this article to Friends by
E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|