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June 23, 1998

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Nifty dips 4.6 points

Pivotals on the National Stock Exchange opened on a weak note and further declined on heavy selling by foreign institutional investors. However, the Nifty later recovered partially with domestic institution's buying support towards close on the last day of weekly settlement on the NSE today.

Mirroring the downtrend, the NSE-50 index fell by 4.60 points to 875.60 points against 880.20 of the previous day. The Dollar NSE-50 also slid by 6.55 points to 707.05 points from 713.60 of the last working day. However, the Midcap index firmed up marginally by 12.05 points to 1221.25 points from 1209.20 of the previous day.

The total turnover in 166,276 trades involving 55.6 million shares was Rs 10.1 billion while 50 securities hit their price bands today, 369 scrips advanced, 603 declined and 76 remained unchanged.

ITC registered the highest turnover with Rs 3.4 billion, followed by Satyam Comp Rs 1.2 billion, SBI-N Rs 965.1 million, Reliance Rs 888.8 million, Telco Rs 371.8 million, Hind Lever Rs 318.4 million, Castrol Rs 215.5 million, L and T Rs 185 million, Zee Tele Rs 179.2 million, Tisco Rs 177.8 million, Infosys Tech Rs 176 million, ACC Rs 149 million and SQRD Sfware Rs 143.7 million.

The other actively traded counters were Tata Tea Rs 123.5 million, Rel Petro Rs 102.8 million, BHEL Rs 94.4 million, MTNL Rs 85.8 million, Bajaj Auto Rs 74.6 million, Wipro Rs 61.5 million, BFL Software Rs 51.9 million, Madras Refin Rs 48.9 million, Bank of India Rs 39.1 million, Cochin Refin Rs 37.2 million, BSES Rs 36.1 million, and Sterlite Rs 34.2 million.

SBI-N topped the gainers list with 3.94 per cent increase to Rs 204.70, followed by ITC 28.6 per cent to Rs 628.65, Bajaj Auto 2.75 per cent to Rs 524.80, HPCL 2.59 per cent to Rs 392.50 and GE Shipping 2.06 per cent to Rs 29.70.

IndoGulf suffered the highest lose of 9.91 per cent to Rs 28.65, followed by BHEL 9.18 per cent to Rs 196.80, ABB 7.29 per cent to Rs 394.85, Indian Hotel 6.75 per cent to Rs 369.35 and Andhra Valley 4.83 per cent to Rs 77.85.

UNI

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