COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

Equities dip on Indian FI-selling, FII-buying; Sensex sheds 44 points to 4079.45

Equities made a sudden U-turn despite continuous buying support extended by the foreign institutional investors, resulting in the fall of the Sensex by nearly 44 points at the Bombay Stock Exchange today.

The marketmen attributed the sudden fall in the index to heavy selling by local institutions at the fag end of the session.

Market sentiment remained high during the day as the counters of Satyam, ACC, Pentafour and SBI were flooded with buyers from FIIs but at higher levels, local operators sold considerably, which led to the shedding of the initial gains in the market.

The key BSE-30 Sensitive Index opened at 4130.33 points, and jumped up to reach a high of 4197.08 points. It was pushed to as low as 4078.66 points before it bounced back a little to close at 4079.45 points, registering a net loss of 44.13 points at the end of the day.

Mirroring the uptrend, the BSE-100 index opened at 1781.12 points and shot up to a whopping high of 1806.87 points. It dropped to 1757.65 points and finally closed at 1759.80 points to register a loss of 17.85 points.

The BSE-200 and Dollex indices closed lower by 3.64 and 1.52 points to end at 401.81 and 156.45 respectively.

The number of scrips traded for the day were 1680 in 239,585 trades. The volume of shares traded was Rs 85.7 million and the total turnover was Rs 19.58 billion.

The Group A scrips which were on the top scoring list, were headed down with Pentafour Software with Rs 2.96 billion, followed by SBI Rs 2.50 billion, Satyam Computers Rs 2.14 billion, Reliance Rs 1.14 billion, MTNL Rs 764.7 million, Ranbaxy Laboratories Rs 746.1 million, Zee Telefilms Rs 728.9 million, ACC Rs 631.2 million, ITC Rs 574.7 million, Digital Equipment Rs 522 million, Tata Tea Rs 478.9 million, L&T Rs 416.4 million, Hindustan Petroleum Rs 366.3 million, Tisco Rs 354.7 million and Infosys Technologies Rs 334.7 million.

In the B1 counter, Global Telesystems led the group with Rs 162.1million, followed by Silverline Industries Rs 156.7million, Rolta Industries Rs 96.5 million, HCL Infosys Rs 78.2 million, DSQ Software Rs 62.9 million, India Cement Rs 33.4 million, VSNLl Rs 21.3 million, Reliance Petroleum Rs 19.5 million, SSI Limited Rs 17.2 million, Indian Oil Rs 15.9 million, Morpen Laboratories Rs 15.7 million, RS Software Rs 14.8 million, Tata Elxsi Rs 14.6 million, Amara Raja Batteries Rs 11.1 million and GAIL Rs 10.2 million.

UNI

Business news