Markets remain positive across the board
Mumbai: The capital markets were in a good note throughout the day yesterday, and thankfully there was no volatility. The Bombay Stock Exchange's 30-stock Sensex moved up by 85.42 points, or 1.99 per cent, to close at 4,382.57, while the National Stock Exchange's 50-scrip S&P CNX Nifty appreciated by 29.75 points to end at 1,386.95.

Gains were seen almost across the board, with banking, automobile, telecom, cement and steel stocks all benefiting. Technology stocks, which traded weak earlier in the day, also gained in the second half of session. SBI, an index heavyweight, closed at Rs 433.60, up by 4.16 per cent over its previous close. Reliance Industries increased by 1.66 per cent to close at Rs 425.80, HLL rose by 1.53 per cent to close at Rs 182.30 and ITC was up 0.53 per cent to close at Rs 819.15.
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Bajaj Auto GDR up
Mumbai: The global depository receipt (GDR) of Bajaj Auto rose 4.43 per cent to $16.50 with volumes of 30,000 GDRs. Ranbaxy's GDR climbed up 0.05 per cent to $19.65 with 1,043 GDRs traded. But ITC's GDR shed 1.12 per cent to $18.54 with volumes of 154,558 GDRs. SBI's GDR remained unchanged at $24.25 with volumes of 37,262 GDRs.

Indian depository receipts, overall, traded flat till mid-trading session on Thursday in London. The Instanex Skindia DR Index (ISDI), which tracks 15 actively traded Indian depository receipts, traded unchanged at 718.85.
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FII registration down though inflows go up
Mumbai: Though the number of foreign institutional investors (FIIs) registered with the Securities and Exchange Board of India (SEBI) has come down by 13 to 508 this week, their investment touched a record Rs 3,906 crore so far this month, the highest in a single month, say reports. The cumulative net FII investments as on 25 September were Rs 18,185.6 crore, the highest so far in year since FII started investing in the capital market.

The fall in number of registered FIIs last week seems to be insignificant as their numbers keeps changing with some of them not renewing their registration, said a top official with a broking firm. According to SEBI figures, the FIIs registered with it have declined to 508 on Wednesday compared to 521 FIIs registration, a week ago.
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SAIL stock gathers institutional interest
Kolkata: The SAIL stock continued to be on the gainers' list yesterday on account of sustained institutional interest. The stock closed at Rs 37.75 (Rs 36.75) on the National Stock Exchange with a traded quantity of 6.30 crore (9.1 crore) shares and in terms of weightage, it stood eighth on the Nifty basket. On the Bombay Stock Exchange, it recorded a volume of 2.24 crore (3.24 crore) shares. On the NSE, the stock has so far in September recorded a daily average volume of 5.71 crore shares.

Brokers and dealers were quoted as saying that this this week a number of FIIs and LIC reportedly made significant purchase in the stock. A set of operators is understood to have sold the stock at lower levels as they were in difficulty in raising funds. Market sources said these operators were stuck in certain stocks, placed in the trade-to-trade category recently, in which they had leveraged positions.
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