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Clinton brings cheers at the BSE
Mumbai: With the visit to the Bombay Stock Exchange, by American President, Bill
Clinton, being the highlight of the day, the BSE index also closed on a cheerful note. The
markets, which closed early due to the visit by Mr. Clinton, saw the BSE sensex close at
5,141.42 points, marginally up by 26.4 points from its previous close. This marginal rise
was despite today being the settlement day.
Selective buying in key infotech, telecom and media
stocks like Zee Telefilms, Global Telesystems and Himachal Futuristic brought about the
rise. Another scrip that did well was Hindalco, which was riding high on the news of its
take over of the Alcan stake in Indal, Indias largest aluminum company.
Mirroring the trend, shares on the National Stock Exchange
also did marginally well and the NSE index closed at 1,554, up marginally from its
previous close.
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