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Sensex falls further

Discouraged by global financial trends, share prices declined further at the Bombay Stock Exchange, pushing the Sensex below the 3100 mark, due to heavy selling pressure by foreign institutional investors on the last day of the weekly trading cycle.

The speculators made small purchases in infotech shares like Satyam Computers, Pentafour Software and Zee Telefilms while domestic institutions stayed away.

Brokers said the fall in the Asian stock markets also cast its shadow on the country's premier bourse. The Wall Street reported a fall of 2.7 per cent, Brazil 4.8 per cent, Paris 5 per cent and London 3 per cent.

Reflecting the weak trend, the 30-scrip BSE Sensex opened at 3107.27, touched the day's high of 3108.83, fell below the psychological barrier of 3100 points to touch the day's low of 3083.86 before closing at 3090.72 points, showing a net loss of 30.58 points against the previous close of 3121.30 points.

The broad-based BSE-100 index drifted lower by 11.16 points to 1372.22 points from Thursday's close of 1383.38 points.

The BSE-200 and dollex indices closed lower by 1.70 and 0.84 points to 317.77 and 124.24 points against the previous close of 319.07 and 125.08 points respectively.

Among the gainers, Bajaj Auto rose by Rs 8 to Rs 649, Cadbury Rs 1 to Rs 387, Dr Reddy Rs 1 to Rs 412.75, Guj Amb Rs 2 to Rs 204, Hero Honda Rs 0.75 to Rs 575.50, Ind Hotel Rs 1.50 to Rs 363.50, Ind Rayon Rs 2 to Rs 138, NIIT Ltd by Rs 0.25 to Rs 1312, Pentafour S Rs 21.75 to Rs 593.75, Ranbaxy Rs 0.75 to Rs 547.25, Tata Power Rs 3.05 to Rs 97.10 and Zee Telefilm by Rs 26.75 to Rs 698.

The major losers were ITC, which dropped by Rs 21 to Rs 653, Mahindra and Mahindra by Rs 3.20 to Rs 176, Ponds by Rs 6 to Rs 1217.75, Reliance by Rs 1.40 to Rs 196.20, Telco by Rs 2.40 to Rs 147.30 and Thermax by Rs 1 to Rs 182.30.

UNI