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AT a time when the share market is on a downtrend, domestic institutions have taken the opportunity to do some value buying. Dealers said that fund majors, LIC and UTI, bought some index heavyweights, which gave the stocks and the market the much-needed fillip.

Frontline stocks such as Hindustan Lever, Infosys, Reliance and ITC caught the attention of the institutions at the start of the trading session, said market sources.

The share price of HLL was down marginally by 0.34 per cent to close at Rs 202.45 with 3.80 lakh shares being traded on the BSE. On the NSE, it went down by 0.09 per cent to close at Rs 202.80 with 4.31 lakh shares being traded.

Reliance's stock went up by 1.06 per cent to close at Rs 280.85 with 19.47 lakh shares being traded on the BSE. On the NSE, it went up by 1.47 per cent to close at Rs 282 with 28.84 lakh shares being traded.

ITC's share price was up by 0.05 per cent to close at Rs 632.15 with 1.09 lakh shares being traded on the BSE. On the NSE, it went down by 0.06 per cent to close at Rs 632 with 1.33 lakh shares being traded.

Infy gets order from overseas bank?

IT major Infosys Technologies was back in the spotlight with rumours of a possible order from a Latin American bank. Although the quantum of the order is not known, sources said that the order could be for New Generation Enterprise Banking, an Infosys product for the banking sector.

The share price of Infosys Technologies went down by 0.76 per cent to close at Rs 3,782.25 with 1.7 lakh shares being traded on the BSE.

On the NSE, it went down by 0.56 per cent to close at Rs 3,788 with 3.04 lakh shares being traded.

Aparna Krishnan

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