Reliance Petroleum followed by Zee News, Cinemax India, Indiabulls Financial Services, Balrampur Chini, Redington India, and Tele Data Informatics were the other volume toppers for today.

IFCI surged 4.33% to close at Rs 28.90% on a huge volume of 2.01 crore shares. The scrip has an average daily volume of 65.58 lakh shares in the last 1 year.

Reliance Petroleum surged 2.66% to close at Rs 69.45 on a big volume of 60.41 lakh shares compared with the average daily volume of 18.35 lakh shares for the past 1 year. The stock surged on market talk that the US-based oil major, Chevron Corporation, will raise its stake in the company from the present 5%. Chevron Corporation has the option to raise stake up to 29%.

The third volume topper for today was Zee News, which dropped 8.39% to close at Rs 39.30, on 57.27 lakh shares, compared with the average daily volume of 27.60 lakh shares in the past 1 year.

The other scrips to post high volumes were Cinemax India with 57.06 lakh (86.71 lakh shares its average daily volume in the past 1 year), Indiabulls Financial Services with 53.64 lakhs shares (13.58 lakh shares), Balrampur Chini with 51.57 lakh shares (9.24 lakhs shares), Redington India at 50.64 lakh shares (2.64 crore shares), and Tele Data Informatics at 42.68 lakh shares (11.44 lakh shares).

The BSE Sensex closed in the red today on concerns arising from a hike in domestic interest rates, caution ahead of the Bank of Japans policy meeting and worries that the government may raise short-term capital gains tax in the Union Budget 2007-08. Banking, cement, auto and telecom stocks were among those that edged lower.

The Sensexs provisional closing was 14,253.38, a fall of 149.52 points. The provisional closing for the Nifty was 4,104.20, a drop of 60.35 points. A fall in ONGC weighed on the Nifty. ONGC has a much larger weightage in the Nifty compared to that in the Sensex.

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