Power Grid Corporation of India was the volume topper on BSE, notching total volume of 4.76 crore shares. The stock surged 6.62% to Rs 135.20. The stock hit an all-time high of Rs 140 today on BSE. As per reports, Power Grid Corporation of India (PGCIL) is planning equity investments to the tune of Rs 16500 crore over the next five years to fund a slew of transmission projects, aimed at nearly trebling the country’s inter-regional transmission capacity.
Reliance Petroleum clocked volume of 2.26 crore shares on BSE. The stock lost 1.69% to Rs 180.65.
Ispat Industries was the third most traded counter in A group on BSE with volumes of 1 crore shares. The stock slumped 4.69% to Rs 28.45.
NTPC (down 5.30% to Rs 219 on 76.21 lakh shares) and Reliance Communications (down 3.50% to Rs 734 on 50.40 lakh shares) ranked fourth and fifth respectively in terms of volume toppers in A group on BSE.
The market saw high drama today, with the Sensex oscillating in a wide range of 1533.39 points in the day. Earlier today, trading was halted at 09:57 IST, when the 30-shares BSE Sensex lost a sharp 1,743.96 points or 9.15% to 17,307.90. It touched a high of 18,841.29. It settled with 336.04-point or 1.76% fall at 18,715.82.
The early sell-off was triggered after the Securities & Exchange Board of India (Sebi), after market hours on Tuesday, 16 October 2007, proposed a number of restrictions that will effectively spell doom for the thriving participatory note (PN) activity in the stock market. All this was done to slam brakes on the flows of anonymous foreign capital.
But market staged a sharp pull back from day’s lows, since afternoon trade after Sebi chairman M Damodaran, clarified to television media that participatory notes (PN) are not being banned and there will be no bar on FII inflows. He also clarified that Sebi is not proposing a ban on offshore derivatives.
The total turnover on BSE amounted to Rs 10159 crore today
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