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Sensex falls 34.29 points

Stock prices declined further on the Bombay Stock Exchange on Wednesday following selling pressure from foreign institutional investors coupled with lack of buying support from domestic institutional investors.

The political uncertainty in wake of the happenings in Uttar Pradesh, and the lower half-yearly performance by automobile giant Bajaj Auto and engineering giant TELCO demoralised the market sentiments, brokers said.

The FIIs sold considerable amount of shares at the TISCO counter and the company circles also reportedly sold large number of shares in some other leading scrips,a leading BSE member said.

Reflecting the downtrend, the BSE-Sensitive Index opened at 4118.67, touched the day's high of 4119.55, declined below the important mark of 4100 and touched the day's low of 4079.87 points, and then recovered marginally to close at 4082.70, still showing a net loss of 34.29 points over the previous close of 4116.99 points.

The broadbased BSE-100 Index drifted lower by 13.66 points to 1758.94 points as against the previous close of 1772.60 points.

The BSE-200 and Dollex Indices eased by 2.76 and 1.16 points to 393.91 and 181.17 points over the previous close of 396.67 and 182.33 points respectively.

The total turnover on the BSE today came down sharply to Rs 7.7 billion as against Tuesday's turnover of Rs 10.3 billion.

Petrochem major Reliance Industries Limited topped the list of turnover by registering highest turnover of Rs 214.08 million, followed by ITC Rs 2 billion, SBI Rs 992.1 million, Tata Tea Rs 485.6 million, and Ranbaxy Lab Rs 277.9 million.

Hectic activity was witnessed at the other counters like TISCO Rs 160.7 million, Castrol Ind Rs 141.3 million, TELCO Rs 132.9 million, Bajaj Auto Rs 111.4 million, MTNL Rs 109.4 million, ACC Rs 100 million, ICICI Rs 68.4 million, Colgate Rs 54.6 million, Hind Petro Rs 52.3 million and Mah and Mah Rs 50.2 million.

In the B1 group, good transactions were witnessed in the scrips like Infosys Tech, ICICI Bank Corp, NIIT, Madras Cem, Ingersoll, Pun Tract, HDFC Bank, Bata India, Hind Power, Marico Ind, Pentafour, Rel Petro, Aptech, Zee Telefilm and Satyam Comp.

UNI