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Equities suffer setback; Sensex down 17 points, 3121.30

Equities suffered a modest setback on selling in selective stocks by domestic institutions and operators at the Bombay Stock Exchange today.

According to brokers, institutions like Unit Trust of India, General Insurance Corporation and Life Insurance Corporation sold software and index-based scrips, while foreign institutional investors bought prominent public sector scrips in anticipation of divestment of government stake in these companies.

The BSE-30 Sensitive Index (Sensex) fell by 17.36 points to end at 3121.30 points from the previous close of 31.38.66 points. Opening at 3147.53 points, the Sensex witnessed a high and low of 3161.37 points and 3118.16 points.

Similarly, the BSE-100 index ended lower by 4.74 points at 1383.38, while BSE-200 and Dollex indices declined by 0.48 and 0.13 points 319.07 and 125.08 respectively.

The total turnover on the BOLT network was Rs 9.63 billion from trades in 43.4 billion shares.

Satyam Computers topped the turnover list clocking Rs 1.57 billion followed by Zee Telefilms (Rs 1.47 billion), ITC (Rs 1.24 billion), Reliance (Rs 897 million), Pentafour (Rs 788.9 million) and SBI (Rs 548.1 million). Other scrips that recorded a high turnover were Castrol, Digital Equipment, Tata Tea, Dr Reddy, Telco, Hindustan Lever Limited, BHEL, MTNL and ACC.

UNI