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Nifty sheds 15.65 points

Pivotal prices declined on hectic selling pressure from bull operators and local institutions on the opening day of settlement on the National Stock Exchange in Bombay today.

The NSE-50 index opened steady at 1188.00 points, touched a day's high of 1196.70 points, low of 1169.15 points and closed at 1172.45 points, suffering a loss of 15.65 points as against the yesterday's close of 1188.10 points.

The Dollar NSE-50 index finished at 1021.45 points over the previous close of 1035.30 points losing 13.85 points. The Midcap index settled down at 1640.15 points as compared to last trading day's close of 1671.85 point decreasing 31.70 points.

The total turnover on the exchange was Rs 16.12 billion involving 62.9 million shares in 229,447 trades. About 79 securities hit their price bands, 416 scrips were gainers, 663 scrips declined and 88 remained unchanged.

Top gainers BPCL rose to Rs 399.80 from Rs 390, Thermax improved to Rs 239.25 from Rs 235.05, Bajaj Auto to 613.75 from Rs 605.25, Ranbaxy to Rs 680.9 from Rs 671.95, Andhra Valley to Rs 100 from Rs 98.95; losers Indo Gulf came down to 43.55 from Rs 45.95, ICICI declined to Rs 107.00 from Rs 111.65, Ashok Ley to Rs 54.15 from Rs 56.25, Ind Rayon to Rs 225.05 from Rs 233.60 and Guj Amb Cement to Rs 317.05 from Rs 328.20.

Hectic activity was witnessed in ITC (Rs 2.7 billion), Satyam Comp (Rs 2.4 billion), SBI-N (Rs 1.1 billion), RIL (Rs 935.3 million), Nestle (Rs 760.8 million), ACC (Rs 746.5), Castrol (Rs 467.4 million), Pentsfware (Rs 453.4 million), Tata Tea (Rs 413.5 million), Tisco (Rs 371.1 million), L and T (Rs 303.6 million), Cadbury (Rs 245.1 million), Infosys Tech (Rs 243 million), ICICI (Rs 218.8 million), Bajaj Auto (Rs 207.1 million), LML (Rs 205.7 million), Hind Lever (Rs 190.3 million), Zee Tele (Rs 190.3 million), Bank of Baroda (Rs 169.1 million), BFL Software (Rs 151.5 million), BSES (Rs 141.5 million), BPL (Rs 138.6 million), Videocon (Rs 131.8 million), Telco (Rs 121.6 million), Glaxo (Rs 114.1 million).

UNI