Rediff On The Net Business News: The National Stock Exchange

` Rediff On The Net Business News: The National Stock Exchange


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May 29, 1998

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Nifty down by 12.4 points

Pivotals opened on a distinctly weak note, later recovered partially, and closed lower on the National Stock Exchange today.

Mirroring the downtrend, the NSE-50 index opened steady, touched a low of 1037.95 and reached a high of 1077.15 points, before closing at 1063.15 points as against 1075.55 points the previous day, a decline of 12.40 points.

The Dollar NSE-50 index also lost 17.90 points to 882.85 over its previous day's close of 900.75 points. The Midcap index lowered by 12.15 points to 1620.20 points from 1632.35 points of last last working day. The total turnover in 96 million securities on 296,234 trades was Rs 24.23 billion while 94 securities hit their price bands today, 408 scrips advanced, 585 declined, while 82 remained unchanged.

ITC registered the highest turnover of Rs 5.7 billion, followed by Satyam Comp Rs 371.03 million, Reliance Rs 2.6 billion, Tisco Rs 1.3 billion, ACC Rs 1.2 billion, Pentsfware Rs 914.9 million, Zee Tele Rs 879.2 million, SBI-N Rs 830.1 million, BPL Rs 587.2 million, Telco Rs 539.3 million, Silverline Rs 421.7 million, L and T Rs 290.7 million and Videocon Int Rs 290.4 million.

The other actively traded securities were BFL Software Rs 284.8 million, sterlite Rs 280.4 million, Tata Tea Rs 277.8 million, SQRD Sfware Rs 249.1 million, Castrol Rs 248.6 million, ICICI Rs 194.8 million, HCL-HP Rs 194.6 million, Hind Lever Rs 166.1 million, NIIT Rs 157.7 million, LML Rs 157 million, Hindalco Rs 155.1 million and MTNL Rs 137.4 million.

Tisco toped the gainers list with 9.87 per cent increase, followed by ICICI 2.16 per cent, GE Shipping 1.39 per cent, Ind Rayon 0.34 per cent and Reliance 0.33 per cent while Grasim figured first in the losers list with 6.32 per cent lose, followed by Hindalco 5.58 per cent, Andhra Valley 5.13 per cent, ITC 3.65 per cent and BHEL 3.60 per cent.

UNI

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