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Sensex dips

The Sensex opened slightly down at 3481.95 points from yesterday's closing of 3487.02 points on off-loading by bear operators and speculative selling by market players, brokers said adding that the zoom in overnight interest rates had a bearish effect on the market.

The rupee's stability at the foreign exchange market did not encourage the FIIs to buy fresh quantities of scrips, brokers informed.

There was no major fresh buying as Friday is the last day of the current settlement cycle, and all activity was focussed on squaring of positions, market sources said.

The BSE Sensitive index (30 scrips) opened at 3481.95 points, saw a high of 3525.60 points and a low of 3463.26 points, before closing at 3472.35 points, showing a net loss of 14.67 points. The BSE-100 index closed at 1509.86 points as against the previous close of 1514.69 points, thus drifting lower by 4.83 points.

The BSE- 200 index ended at 337.42 points from yesterday's close of 338.22 , showing a net loss of 0.80 points. The Dollex index closed at 143.05 points from the previous close of 142.70 points, exhibiting a net loss of 0.35 points.

The total turnover was Rs 7.1 billion involving 32.5 million shares.

ITC registered the highest turnover of Rs 2 billion followed by Reliance at Rs 1.2 billion, Tata Tea (Rs 924.2 million), SBI (Rs 797.5 million), Castrol (Rs 561.1 million), Bajaj Auto (166.1 million), TISCO (Rs 149.1 million), MTNL (122.3 million), HLL (113.1 million), TELCO (85.7 million), ACC (74.4 million), BHEL (56.3 million), Colgate (50.4 million), ICICI (36.6 million), Sesa Goa (Rs 35.2 million) in specified counters.

Good transactions were witnessed at corporation Bank (Rs 60.8 million), ICICI Bank (Rs 24.6 million), Carr Aircon (Rs 15 million), Infosys (Rs 10.8 million), Aptech (Rs 9.1 million), HDFC Bank (Rs 6.8 million) in B1 counters.

UNI