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Sensex drops 48.14

Rumours of skirmishes on the Indo-Pak border and heightened tensions as a fallout of the nuclear tests played havoc, leading to unloading by FIIs and local market players, who adopted a wait-and-watch approach in today's trading.

Nominal trading was witnessed as mutual funds mobiliser Unit Trust of India was buying at key counters.

The BSE Sensitive index showed a range-bound movement. Opening at 3969.62 points, the Sensex touched the day's high of 3980.21 points. Later it slid lower to 3889.98 points taking cue of escalation in tensions with Pakistan. The Sensex finally closed at 3908.79 points, recording a net loss of 48.14 points.

The BSE-100 index also strode on the same sentiment. It opened higher at 1761.39 points and ended at 1730.10 points, drifting lower by 9.01 points.

The BSE-200 and the Dollex also noted a regression as they were quoted at 392.57 points and 161.06 points recording a fall of 2.07 and 1.21 points respectively.

With the presentation day of Union Budget drawing near, many more activities will be witnessed in the market and with major players maintaining a wait-and-watch attitude, more is expected to happen in the coming days, leading marketmen said.

The present session witnessed a total turnover of Rs 14.5 billion with 153,371 number of trades carried out and 53.7 million volume of shares traded.

ITC registered a highest turnover of Rs 3 billion in specified group, followed by Satyam Comp Rs 2.2 billion, Reliance Rs 889 million, ACC Rs 712.8 million, Pentafour S Rs 679.3 million, SBI Rs 612.4 million, Hind Lever Rs 501.9 million, Glaxo India Rs 293.3 million, Tata Tea Rs 264.5 million, Zee Tele Rs 237.1 million, Videocon Int Rs 23.68 million, Castrol Ind Rs 233.5 million, Bajaj Auto Rs 221.4 million, BPL Rs 216.7 million and Infosys Tech Rs 207.8 million.

The counters which witnessed active trading in B group were BFL Software Rs 82.1 million, Krishna Fila Rs 41.8 million, Ipca Labs Rs 30.3 million, DSQ Software Rs 29.3 million, Him Fut Comm Rs 21.4 million, Indian Oil Co Rs 19.6 million, Software Sol Rs 17.6 million, Tata Infotech Rs 16.7 million, Leading Edge Rs 15 million, Wipro Rs 13.3 million, Cipla Rs 13.2 million, Otis Elev Rs 11.2 million, Ion Exchange Rs 1.05 million, Maars Software Rs 10.1 million and Silver Line Rs 9.6 million.

UNI