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Sensex drops 51.77 points

Heavy buying by domestic institutions like the Unit Trust of India of Larsen, Reliance, SBI and Telco in the morning session helped the pivotals improve further, brokers said.

A weak spell prevailed as heavy unloding of index-based scrips continued by the FIIs and others. Market which expected much more in the Union Budget, had crashed the next two days after the Budget and Sensex fell sharply by about 113 points, yesterday recovered slightly by 24 points.

Mirroring the downtrend, the Sensex index opened steady at 3598.33 points, touched the day's high of 3617.14 fell to the day's low of 3538.97 before closing at 3546.21 points, losing 51.77 points.

The BSE-100 index fell down by 21.18 points to 1577.20 points as against the previous close of 1598.80. The bse-200 index was down by 4.68 points to 360.42 from 365.30 points. The dollex index decreased by 1.86 poinats to 143.56 as compared to 145.46 of last working day.

The total turnover involving 58.1 million shares of 1,502 companies on 126,264 trades was Rs 12.22 billion today.

ITC continued to record highest turnover in a group 'A' with Rs 1.99 billion, followed by Satyam Comp Rs 1.52 billion, BPL Rs 1.2 billion, Reliance Rs 784.7 million, SBI Rs 759.3 million, Videocon Int Rs 571.8 million, Tisco Rs 544.8 million, Tata Tea Rs 396.8 million, Sterlite Rs 363.8 million, Castrol Rs 323 million, Zee Tele Rs 306.9 million, ACC Rs 196.1 million, L&T Rs 186.5 million, Pentafour S Rs 185.1 million and Telco Rs 175.8 million.

In group 'B1', BFL Softwr topped in turnover with Rs 115 million, followed by Silverline Rs 35.8 million, Vindhya Tele Rs 26.7 million, Hoch Mar Ro Rs 20.9 million, Wipro Rs 16.9 million, DSQ Software Rs 13.9 million, Him Fut Comm Rs 12.8 million, Cipla Ltd Rs 12.3 million, Rolta Ind Rs 11.5 million, Trafalgar Rs 10.2 million, Software Sol Rs 9.4 million, Panta Communi Rs 9.2 million, Krebs Bioche Rs 9.1 million, Reliance Pet Rs 8.6 million, and HCL Infosyst Rs 7.1 million.

UNI