Prima bullish on auto:
Kothari Prima Fund has turned bullish on the auto sector. The fund managers see the auto sector coming out of its slowdown and have consequently bought MRF and IP Rings which manufactures piston rings. According to the fund manager, shares like Telco and Ashok Leyland have gone up from their lows. ``There are smaller companies with strong fundamentals whose shares are available at low,'' he says.

Select rise on NSE:
Select pivotals rose sharply on the National Stock Exchange due to heavy purchases by foreign institutional investors. Mirroring the markettrend, the S&P Cnx Nifty resumed with overnight strength at 965.70 and rose further to end at 970.25, revealing a good gain of 10.20 over the last close of 960.05. Cnx nifty junior hardened by 21.20 to close at 1737.75.

DSE index recovers sharply:
A flurry of buying in software and MNC stocks by foreign funds and domestic speculators pushed stock prices to close sharply higher on the Delhi Stock Exchange. Mirroring the bullish trend, the Delhi Stock Exchange benchmark index recovered sharply by 11.28 points or nearly 1.5 per cent to close at 735.97 points following late buying by foreign funds after moving in a narrow range for the better part of the session.

Selective buying on MSE:
Equities closed higher on the Madras Stock Exchange following selective buying support by speculators. Being the last day of the current week, players were not interested in enlarging their positions in a big way. In absence of index-based scrips, the Madras Stock Exchange index stood stagnant throughoutthe day at yesterday's close of 3438.41 points.

Steady undertone on CSE:
The recent bullish fervour stayed in the Calcutta Stock Exchange, although interest continued to be selective. There was profit booking in some counters which finished lower on balance,and the close showed a mixed price pattern. The turnover was fairly moderate and undertone steady. With prices of major scrips gaining ground, the CSE 40-share index closed higher at 1846.86.

European shares soar:
European share prices rose strongly early on Friday on an overnight surge on Wall Street and renewed hopes for the troubled banking sector. In London, the FT-SE 100 index of leading shares rose by two percent, or 123.2 points, to 6,011.7 points in early trading. German shares also soared. In Frankfurt, the X-DAX index opened with a gain of 1.9 per cent to 4,961.82 points.