Sensex crashes 81 points as budget approaches
The sensex crashed as equity prices declined
heavily on heavy bull liquidation and the absence of market players,
the foreign institutional investors, on the first day of
the current settlement in the Bombay Stock Exchange in Bombay on Monday.
Market sources said that upcountry operators were the main
sellers, who sold huge numbers of heavy weighted shares. Due to
the general budget fast approaching, investors are playing a wait-and-watch role.
Leading brokers said that government may face heavy loss in the
forthcoming budget, which diverted the mood of domestic institutional
investors and they started squaring their positions.
Reflecting the downtrend, the BSE sensitive index or sensex dropped below the 3400
mark and closed at 3358.47 points as against its previous close of
3439.49 points, suffering a loss of 81.02 points.
The BSE-100 index declined to 1464.06 points over the last trading day's close of 1498.09 points, losing 34.03 points. The BSE-200 and dollex indices finished at 325.54 and 150.97
points as compared to previous close of 332.49 and 154.24 points
respectively.
The total turnover on the screen-based Bombay On-Line Trading (BOLT) system was Rs 5.2403 billion, involving 27 million shares. Out of
6671 scrips, a total of 2,241 scrips were traded on
the BOLT system.
Hectic trading was witnessed at the State Bank of India (Rs 1.6969 billion), Reliance Industries (Rs 964.9 million), ITC (Rs 922 million), TISCO (Rs 335.6 million),
Gujarat Ambuja (Rs 174.5 million) followed by ACC, TELCO, Larsen and
Toubro, BSES Limited, MTNL, Bajaj Auto, Mahindra and
Mahindra, Hindustan Lever, IPCL, and Tata Power in specified
counters.
Good transaction was observed at Videsh Sanchar, UTI Master
Growth, TVS Suzuki, MRF Limited, Wyeth Lab, UTI Master Plus,
Forbes Gokak, Crosland Research Lab, and Rico Auto in 'B1' counters.
National Stock Exchange
Pivotal prices suffered a setback on lack of
buying support from financial institutions and common investors
at the NSE in Bombay on Monday.
The NSE-50 index opened at 988.70 points, touched high of
988.90 points, low of 961.95 points, and closed at 964.75 points
as against its previous close of 991.55 points, suffering a
loss of 26.80 points.
The midcap index closed at 1027.13 points
over the last trading day's close of 1050.41 points, losing
23.28 points.
Hectic trading was witnessed at SBI (Rs 3.9016 billion), ITC Limited
(Rs 3.8726 billion), Reliance Industries (Rs 2.2147 billion), ACC (Rs 598.4 million), TISCO (Rs 579.5 million), TELCO (Rs 233.7 million), Larsen and Toubro (Rs 194.2 million), BSES
(Rs 169.2 million), Gujarat Ambuja Cement (Rs 135.1 million), Bajaj Auto
(Rs 120.4 million), MTNL (Rs 111.4 million), Hindustan Petroleum (Rs 53.3 million), IPCL
(Rs 29.9 million), Tata Power (Rs 26.7 million), Hindalco (Rs 2.41 million),
Tata Chemical (Rs 2 million), Asian Paints (Rs 19.7 million), Colgate
(Rs 18.9 million), Siemens (Rs 17.2 million), BHEL (Rs 16.6 million), Oriental
Bank (Rs 14.6 million), the Bank of Rajasthan (Rs 13.3 million), NIIT
(Rs 12.9 million), Ranbaxy Labs (Rs 12.8 million) and Hindustan Lever
(Rs 12.1 million) counters.
The top five gainers were Somkan Marine Foods, Datapro
Information Techno, Creditcapita Venture, CG Glass and Harig
Crankshafts, while losers were Parasrampuria Industries, Somani
Industries, UBE Industries, Hindustan Nitroprod, and BTW
Industries.
Share prices came down marginally on Over The Counter Exchange of India following the lack of buying support from
bull operators.
The OTC composite index closed at 92.32 points over the previous
close of 92.71 points, suffering a loss of 0.39 points.
The total turnover at OTC was Rs 2.51 million, involving 76,460
shares and debentures. Major contribution was from the listed
equity segment contributing Rs 2.097 million.
Among the other segments listed, debentures contributed Rs 413,000.
Active trading was witnessed in Aryan Pesticides and and
Tribology India while loser was Fifth Generation India
Limited.
UNI
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