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Sensex drops by 33.42 points

According to marketmen, the South Korean financial crisis affected the FIIs' sentiments, who suddenly took a cautious approaches and stayed away from the market. The domestic institutional investors also seen indulged in selling at select counters, they said.

Reflecting the trend, the BSE Sensitive index opened lower at 3596.07, touched the day's high of 3616.95, fell to touch day's low of 3549.48, and later ended at 3607.69 points, showing a net loss of 33.42 points over the previous close of 3641.11 points. The BSE-100 index also fell by 13.45 points to 1563.77 points as against yesterday's finish at 1577.22 points.

The BSE-200 and Dollex indices closed lower by 1.84 and 0.56 points to 349.13 and 148.62 points as against the previous close of 350.97 and 149.18 points respectively.

Market sources said that the sharp fall in the South Korean market affected the sentiments on the Indian bourses. This caused the BSE Sensex to drop sharply during the course of day.

The total turnover on the BSE reported during the day was Rs 7.1 billion.

Tobacco giant ITC stood first by registering the highest business volume of Rs 2.4 billion, followed by Tata Tea Rs 728.3 million, Castrol Rs 600.4 million, Reliance Rs 45.67 million and HDFC Rs 194.1 million.

Hectic activity was observed at the other counters like Hind Lever Rs 160.6 million, ACC Rs 153.5 million, MTNL Rs 124.2 million, Hero Honda Rs 106.6 million, L and T Rs 102.7 million, TISCO Rs 79.5 million, Bajaj Auto Rs 78.6 million and Colgate Rs 6.82 million.

Good amount of transactions were witnessed at the counters of Contain Corp, LML, Corporation Bank, ICI India, Nicholas Pir, Rel Pet, Infosys Tech, HDFC Bank, Pun Tract, Satyam Comp, Bata India, Hoech Mar Ro, Sanghi Polymers, Madras Cem and ONGC at the B1 group.

UNI