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FII renew selling; Telco, ITC face offloading; LIC sells Piramal shares; Sensex down 12 points, 2804.46

The benchmark BSE-30 Sensitive Index ended at 2804.46, a fall of 12.13 points from the previous close of 2816.59. Opening at 2814.93, the Sensex witnessed a high and low of 2820.93 and 2796.22 respectively.

According to marketmen, a prominent American fund off-loaded a large quantity of Telco and ITC. FIIs also pressed sales in shares of ACC, Ashok Leyland, Dr Reddy's and Bajaj Auto.

Domestic financial institutions were nominal players in the market. LIC sold 237,360 shares of Piramal Holdings in response to an open offer made by a finance company.

Brokers said, reports about the Central government's backtracking on the Insurance Regulatory Authority Bill and possible dilution of foreign stake in private insurance ventures also impacted sentiments as FIIs perceived the move as a slowdown in the process of economic reforms.

The BSE-100 index fell by 5.55 points to 1250.33 from the previous close of 1255.88. The BSE-200 shed 1.17 points to close at 291.08 from earlier closing of 292.25. The Dollex index eased by 0.40 points to 113.90 as against the previous closing of 114.30.

The total turnover on the BOLT network was Rs 6.76 billion from trading in 30.1 million shares.

Satyam Computers topped the turnover list with Rs 1.48 billion followed by ITC (Rs 853.4 million), SBI (Rs 494.4 million), Zee Telefilms (Rs 446.5 million), ACC (Rs 430.2 million) and Pentafour Software (Rs 375 million). Other actively traded scrips were Reliance, Tisco, Telco, Dr Reddy's, Castrol, Tata Tea, Bajaj Auto, MTNL and L&T.

UNI

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