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Sensex continues to fall, loses 29.09 points

Reflecting the donwtrend, the BSE Sensitive index opened at 3375.86 points and hovered at same level before coming down to 3340.31 points during the intraday trading session, finally equity prices recovered marginally and closed at 3351.21 points, suffering a loss of 29.09 points as against its previous close of 3380.30 points.

The BSE National index (100 scrips) finished at 1460.39 points over the last trading day's close of 1472.79 points losing 12.40 points. The BSE-200 and Dollex settled down at 327.01 and 140.97 points, compared to the previous close of 329.94 and 141.29 points, decreasing 02.93 and 0.32 points respectively.

Despite marginal price recovery in the world stock markets, particularly in Tokyo, pivotal prices at the Indian bourses continued their downtrend, as market players like FIIs were wary of investing in the Indian capital market, leading brokers said, and added that due to general elections round the corner, they are becoming cautious about allocating fresh fund to their fund manager. The market opened slightly lower due to continuous selling pressure from FIIs. Being the last day of settlement, bull operators were also busy squaring up their positions.

The custodian of alleged seized shares belonging to big bull Harshad Mehta has reportedly sold considerable amount of Castrol India shares, a prominent broker said.

At the fag end domestic institutions namely General Insurance Corporation and Life Insurance Corporation bought heavy weighted shares which arrested further downfall in equity prices, they added.

The total turnover on the BSE reported during the day was Rs 7.8 billion from yesterday's turnover of Rs 7.4 billion.

ITC topped the list of turnover by registering highest turnover at Rs 2 billion, followed by State Bank of India Rs 1 billion, Tata Tea Rs 765.9 million and Reliance Rs 383.8 million.

Hectic activity was witnessed at the other counters like ACC Rs 282.7 million, TELCO Rs 216.2 million, BPL Rs 186.5 million, MTNL Rs 142.5 million, Hind Lever Rs 126.9 million, TISCO Rs 116.9 million, HDFC Rs 105.5 million, BHEL Rs 104.6 million, L and T Rs 87.5 million and Bajaj Auto Rs 79.9 million.

Good amount of transactions were witnessed at some of the counters in B1 group mainly at Corporation, Satyam Comp, LML, Rel Pet, Carr Aircon, Pun Tractor, ICICI Bank, DCW, Cipla, Cynamid, Infosys Tech, NIIT, Bank of India, Aptech and Contain Corp.

UNI