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FIs sell, pivotals dip; Nifty down 16 points to 955.10

Pivotal prices suffered moderately due to bull hammering and selling pressure by foreign institutional investors as well as domestic institutions on the National Stock Exchange today.

Reflecting the subdued sentiment, the S&P CNX Nifty Index lost 16.20 points to 955.10 points from 971.30 points of the previous day.

The CNX Nifty Junior Index also slid by 35.40 points to 1687.60 from 1,723 points. The S&P CNX Defty moved down by 13.30 points to 778.75 while the S&P CNX 500 index declined by 13.24 points to 670.62. The CNX Midcap 200 also ended lower by 13.56 points at 590.32 points.

The total turnover, involving 90.09 million shares in 294, 241 trades, was Rs 21.49 billion while the turnover in debenture was Rs 4.42 billion.

The top S&P CNX Nifty gainers were: Cipla by 6.81 per cent gain to Rs 1,091, Smithkline Beecham by 4.33 per cent to Rs 638, Reliance Petrochemicals 3.91 per cent to Rs 21.25 and Hindustan Lever 1.29 per cent to Rs 1,836.

The top losers were: Colgate by 8 per cent to Rs 188.60, ABB 7.57 per cent to Rs 485, NIIT 7.18 per cent to Rs 2200, Asian Paints by 5.07 per cent to Rs 262 and Cochin Refineries by 5.05 per cent to Rs 148.60.

Pentafour Software registered the highest turnover of Rs 3.96 billion, followed by Satyam Computers Rs 3.59 billion, ITC Rs 1.82 billion, Zee Telefilms Rs 1.01 billion, Tata Tea Rs 952 million, HCL-HP Rs 762.2 million, Reliance Rs 645 million, Telco Rs 630.4 million, SBI New Rs 610.8 million, Hindustan Lever Rs 572.1 million and Silverline Rs 533.9 million.

The other actively traded counters were: Square D Software Rs 518.8 million, ACC Rs 404.8 million, Rolta Rs 388.4 million, Tisco Rs 382.3 million, Castrol Rs 283.5 million, L&T Rs 272.8 million, Digital Equipment Rs 218.2 million, Infosys Technologies Rs 207 million and NIIT Rs 200.1 million.

The wholesale debt market of the NSE witnessed trades worth Rs 5.90 billion. The 11.64 per cent government loan maturing in 2000 was traded for Rs 800 million at a weighted yield of 11.16 per cent. The 11.40 per cent government loan maturing in 2000 was traded for Rs 600 million at a weighted yield of 11.20 per cent. The 12 per cent government loan maturing in 1999 was traded for Rs 530 million at a weighted yield of 10.01 per cent. The turnover of debenture was Rs 70.94 million today.

UNI

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