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Sensex drops 24.79 points

The FIIs bought considerable amount of ITC, Larsen and Toubro and East India Hotels, and sold good amounts of State Bank India shares, leading brokers said and added that local institutions like General Insurance Corporation and Life Insurance Corporation also purchased bluechip like TELCO, Bajaj Auto and Bombay Dyeing shares.

The BSE Sensitive index (100 scrips) opened moderately higher at 3330.11 points to move further ahead and touch the day's high of 3342.08 points. The Sensex reached a low of 3288.76 points and finally closed at 3292.91 points, suffering a loss of 24.79 points as compared to yesterday's close of 3317.70 points.

The BSE-100 National index eased by 7.67 points to 1419.25 points as against its previous close of 1427.92 points. The BSE-200 and Dollex indices closed 315.94 and 135.60 points respectively as compared to yesterday's close of 317.43 and 136.42 points.

The upvaluation of the Indian rupee against the US dollar has improved the sentiment of FIIs. ACC lost by Rs 4.25 to Rs 1246.75, Bajaj Auto declined by Rs 5.25 to Rs 502.50, Bombay Dyeing by Rs 0.40 to Rs 77.55, Reliance came down by Rs 3.70 to Rs 152.40, State Bank by Rs 3.90 to Rs 235.10, Tata Engg by Rs 2.00 to Rs 228 and Tata Steel drifted lower by Rs 1.10 to Rs 120.10.

Among the gainers were Gujarat Ambuja Cement by Rs 9.30 to Rs 228.50, ITC by Rs 593.25, Larsen and Toubro increased by Rs 3.50 to Rs 195.30.

The total turnover on the screen-based trading was Rs 6.8 billion involving 26.2 million shares.

ITC registered highest turnover of Rs 2.5 billion followed by Tata Tea Rs 740 million, Castrol in Rs 544.2 million, SBI Rs 537.3 million, Reliance Rs 515.9 million, MTNL Rs 371.8 million, Hind Lever Rs 200.9 million, Bajaj Auto Rs 169.4 million, TELCO Rs 160.6 million, L and T Rs 134.8 million, TISCO Rs 79.6 million, ACC Rs 78.4 million, BHEL Rs 64.9 million, IPCL Rs 41.9 million and Guj Amb Rs 35.3 million in the specified counters.

Good transactions were observed at LML Rs 27.4 million, Aptech Rs 26..4 million, Hind Lever Rs 16.1 million, Corporation Bank Rs 8.2 million, Kirl Oil Ng Rs 8 million, HDFC Bank Rs 7.4 million and Bank of Baroda Rs 6.7 million at 'B1' counters.

UNI