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January 12, 1998

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BSE Sensitive Index

Sensex falls 135 points

The turmoil in the securities and currency markets in East and South-East Asia cast its shadow on the Bombay Stock Exchange, and the sensex staged a massive fall of 135.25 points.

According to brokers, Moody's likely downgrading of India's credit rating coupled with the redemption pressure on foreign institutional investors made FIIs prominent sellers in the market, which had a downward impact on the sensex.

The BSE-30 sensitive index opened at 3,482.98 points, showed a low of 3,394.95 points and a high of 3,482.98 before closing at 3,394.95, exhibiting a net loss of 135.25 points.

The BSE-100 index fell by 54.55 points to 3,395.04 as against the previous close of 1,533.49 points.

The BSE-200 lost 11.22 points and closed at 332.37 as compared to the 343.59 points last Friday.

Dollex ended at 138.97 points, showing a net loss of 5.09 points.

The total turnover on the Bolt network was Rs 9.35 billion. Of the the 6,871 scrips listed at the BSE, 1,477 were traded. The total volume of trade was Rs 41 million.

ITC topped the turnover list showing a volume of 2.48 billion, followed by SBI (1.25 billion), Tata Tea (1.18 billion), Reliance (882.6 million) and Castrol India (500.2 million).

Hectic trading was observed at MTNL (Rs 371.4 million), Tisco (Rs 335.4 million), L&T (Rs 207.9 million), Hind Lever (Rs 204.6 million), Telco (Rs 181.2 million), BHEL (Rs 118.2 million), ACC (108 million), Colgate (Rs 102.1 million), ICICI (Rs 89.8 million) and BPL (Rs 75.7 million).

At the B1 counter, good transactions were observed at Corporation (Rs 100.7 million), Bata India (Rs 39.3 million), Infosys (24.1 million), ITC Hotels (22.6 million) and NIIT (Rs 22.1 billion).

UNI

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