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Infotech, FMCG see mixed trend, pharma dips; Sensex steady, 3672.63

Pivotals lost their initial gains towards the fag end of trading at the Bombay Stock Exchange. Reasons: speculative selling pressure from operators and lack of buying support from foreign institutional investors.

That is the story of the last day of current settlement.

Current market favourite sectors like infotech and FMCG witnessed mixed trend while pharma and others dropped significantly, dealers said.

Reflecting the trend, the 30-scrip Sensex opened at 3728.65 points, touched the day's high of 3741.70 points, fell below the 3,700 mark and touched the day's low of 3651.01, before closing at 3672.63 points, showing a net minimum loss of 0.08 points as against the previous close of 3672.71 points.

The broad-based BSE-100 index dropped by 0.87 points to 1617.29 points from the previous close of 1618.16 points.

The BSE-200 and Dollex indices closed lower by 0.65 and 0.19 points to 371.39 and 145.83 points as against the previous close of 372.04 and 146.02 points respectively.

According to dealers, cement giant ACC, SBI, Ranbaxy, Aptech, MTNL, Vindhya Telesystems and Tata Telecom reported handsome gains on good buying support.

According to dealers, the major losers were Reliance, ITC, Telco, HLL, Pentafour Software, Reckit and Colman, Sun Pharma, Glaxo, E-Merck, Smithkline Pharma, Novartis, Cipla, IPCA, Burroughs Welcome, Infosys Technologies, NIIT, Rolta, HCL-HP, Silverline, SRF Infotech and VSNL.

Some of the counters which rose sharply and hit the upward circuit filter were Hindustan Ink, Birla Ericsson, DCM, Philips, Singer, Tata Honeywell, Tata Telecom, Blue Star and Uniplax.

Total turnover on the BOLT system reported during the day was Rs 20.86 billion.

Pentafour Software topped the list of turnover by registering highest turnover at Rs 3.36 billion, followed by Satyam Computers Rs 2.02 billion, SBI Rs 1.47 billion, Reliance Rs 961.8 million and Ranbaxy Rs 720.2 million.

Other actively traded counters were Reliance (Rs 961.8 million), Ranbaxy (Rs 720.2 million), Tata Tea (Rs 668.4 million), Zee Telefilms (Rs 668.3 million), Infosys Technologies (Rs 517.6 million), MTNL (Rs 430.4 million), Digital Equipment (Rs 402.4 million), L&T (Rs 393.7 million), ACC (Rs 366.7 million), Bajaj Auto (Rs 276.2 million) and Hindustan Lever (Rs 249.5 million).

UNI

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