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Sensex loses 10.70 points

Reflecting the downtrend, the BSE Sensitive index (30 scrips) opened higher and crossed the psychological barrier of 4200 mark, gradually moved up to 4226.74, before coming down to the day's low and end of 4183.57 points, suffering a loss of 10.70 points as against the previous close of 4194.27 points.

The BSE-100 National index declined marginally by 01.93 points to 1826.27 points over the yesterday's close of 1828.20 points. The BSE-200 and Dollex indices also decreased by 0.35 and 0.15 points to 406.88 and 170.85 points as compared to last working day's close of 407.23 and 171.00 points respectively.

The Reliance Industries counter witnessed huge volume of business. The total volume registered was Rs 14.5 million in view of forthcoming meeting of the company scheduled on April 27, leading brokers said, and added that heavy buying support from company circles and FIIs spurted the share prices.

FIIs bought a huge amount of Mahanagar Telephone Nigam Limited, Raymond, Videocon, and RIL shares.

However, only one domestic institution -- Unit Trust of India -- was open and had made both buying and selling transactions. It bought bluechips at the lower level and sold considerable amount of index-based shares at higher level at the fag end of day which pushed the Sensex lower marginally over the yesterday's close.

Being a holiday at the National Stock Exchange on account of Bakri Id, volumes at the non-specified counter was low.

The total turnover on the screen-based trading system increased further to Rs 16 billion involving 79.9 million shares in 200,694 trades. Out of 6,990 scrips a total number of 1,840 scrips were traded.

Reliance Industries registered the highest turnover of Rs 2.8 billion followed by ITC Rs 2.1 billion, State Bank of India Rs 1.6 billion, MTNL Rs 767.4 million, Tata Tea Rs 586.1 million, Castrol India Rs 569.3 million, Hind Lever Rs 503.1 million, BSES Rs 487.7 million, TELCO Rs 342.9 million, TISCO Rs 312.5 million, L and T Rs 280.5 million, Satyam Comp Rs 251.2 million, Dig Equip Rs 221 million and BHEL Rs 213.3 million in the specified counters.

Good transactions were witnessed at Reliance Pet (Rs 31.5 million), Hind Zinc (Rs 23 million), Aptech Ltd (Rs 21.3 million), Tata Infotec (Rs 17 million), Videsh Sanch (Rs 15.5 million), Silverline (Rs 12.5 million), DSQ Software (Rs 12.4 million), Software Sol (Rs 11.3 million), India Cement (Rs 11 million) and Wipro (Rs 9.2 million) at the 'B1' counters.

UNI