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Sensex falls again

Leading broker said that FIIs sold sizeable amount of Castrol, Hindustan Lever, Bajaj Auto, Reliance Industries Limited, TELCO and State Bank of India (N) shares.

The turmoil in Asian currencies has affected the sentiments of FIIs, brokers said, and added that continuous downfall in the Indian rupee against the US dollar also tumbled the equity prices.

In view of forthcoming general elections, FIIs were cautious about investing in the Indian capital markets. However, domestic institutions including Unit Trust of India continued its market support to arrested the heavy downfall in share prices.

The market opened on profit-taking by the general investors and sustained selling pressure from FIIs. During the intraday trading, equity prices fluctuated moderately following renewed buying support local institutions.

Reflecting the downtrend, the BSE Sensitive Index (30 scrips) opened lower at 3364.51 points, touched day's high of 3380.03 points, low of 3325.25 points before closing at 3347.33 points, suffering a loss of 44.26 points as against the previous close of 3391.59 points.

The BSE National Index (100 scrips) closed at 1457.14 points over Tuesday's close of 1474.21 points losing 17.07 points.

The BSE-200 and Dollex indices declined by 03.81 and 01.77 points to 327.59 and 139.67 points as compared to yesterday's close of 331.40 and 141.44 points respectively.

The volume of business declined by Rs 492.60 million to Rs 810 million as compared to yesterday's total volume of Rs 1302.60 million.

ITC registered the highest turnover of Rs 367.20 million, followed by SBI Rs 1 billion, Tata Tea Rs 913.7 million, Reliance Rs 663.5 million, Castrol Rs 326.5 million, TELCO Rs 215.7 million, TISCO Rs 115.8 million, ACC Rs 107.8 million, Hind Lever Rs 103.8 million, Bajaj Auto Rs 97 million, MTNL Rs 81.2 million, Hero Honda Rs 41.7 million, Colgate Rs 35.5 million, BHEL Rs 33.4 million and GE Shipping Rs 24.9 million in the specified counters.

Good transaction was witnessed at Infosys Tech (Rs 77.3 million), Corporation Bank (Rs 76.1 million), Satyam Comp (Rs 40.4 million), Elgi Equip (Rs 20.3 million), Morepen Lab (Rs 19.7 million), Videsh Sanch (Rs 17 million), Dig Equip (Rs 13.6 million) and Cummins (Rs 7 million) at non-specified counters.

UNI