BSE turnover at new peak of Rs 81,818 cr

Riding on volatile trading, the daily turnover of the Bombay Stock Exchange rose by Rs 1571.40 crore (Rs 15.71 billion) to set a new peak at Rs 81,817.86 crore (Rs 818.17 billion) while the benchmark Sensex in two-way movements ended 104 points lower.

As most of the blue-chip stocks rolled down, the investor's wealth shrunk by Rs 20,564.65 crore at Rs 14,75,697 crore in one day.

The Sensex, which surged to 12,086.91 points at the outset boosted by excellent results by Reliance Industries, but dropped to close 103.51 points lower at 11,835.02 largely on squaring-up of pending positions in the futures and option segment following an end of April Contract.

With the mad rush of winding up positions in futures and option, the segment picked up business volumes by 4,093.67 crore to an all-time high of Rs 60,433.75 crore.

The surging volumes strengthened market sentiment at the National Stock Exchange, which zoomed to set a high peak at 3,598.95 points, before ending at 3,508.10 points, revealing a loss of 47.65 points.

While the market initially surged on trendsetter Reliance Industries announcing excellent results, the fall in indices caused by the Nifty-heaviest ONGC losing on reports of Indian Oil Corporation selling its stake in the company.

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