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Sensex declines 39.51 points

The Sensex and Natex has lost by 90.71 and 42.81 points during the last four trading session due to the unclear situation to form the government, dealers said, and added that on the opening day of the week, the market shot up by over 92 and 38 points, but later due to unresolved situation the FIIs kept themselves away from the Indian capital, which resulted into the downtrend.

Reflecting the downtrend, the BSE Sensitive index opened on an overnight selling pressure and quoted at 3713.02 points. With tomorrow being a holiday on account of 'Basant Panchami' (the second day of Holi), most of the bull operators were squaring their position.

It touched day's high of 3750.99 points, low of 3694.28 points, before closing at 3716.50 points, suffering a loss of 35.49 points over yesterday's close of 3752.09 points.

The BSE National index closed at 1602.95 points losing 16.85 points over yesterday's close of 1619.80 points.

The BSE-200 and Dollex indices finished at 354.34 and 149.31 points as compared to last working day's close of 357.77 and 150.68 points decreasing 03.43 and 01.37 points respectively.

The domestic institutions -- Unit Trust of India, Life Insurance Corporation of India, and General Insurance Corporation of India -- bought sizeable number of Bajaj Auto, Reliance Industries Limited, State Bank of India, Glaxo, Tata Power, Corporation Bank, Mahindra and Mahindra, and Tata Tea shares, dealers added.

The volume of the business was moderate, they said.

UNI