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September 11, 1998

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Pivotals take a moderate dip; Sensex down 25 points, 3083.56

BSE Sensitive Index

Equities plunged moderately on selling pressure from domestic operators who were busy squaring their positions on the last day of the current settlement cycle at the Bombay Stock Exchange today.

The BSE-30 Sensitive Index (Sensex) fell by 25.11 points to end at 3083.56 points as against the previous close of 3108.67 points.

The Sensex opened lower at 3069.38 points and witnessed a high and low of 3092.94 points and 3061.39 points respectively.

According to brokers, domestic operators sold a number of software stocks like NIIT, Infosys Technologies and Pentafour Software. They added that domestic institutions like Unit Trust of India bought shares of Rekitt and Coleman, Hindustan Lever Limited, Infosys and Satyam Computers. The foreign institutional investors participated in a nominal fashion and did not make any major transactions.

The BSE-100 index closed at 1365.10 points, declining by 13.86 points, BSE-200 index at 314.90 points, down by 3.39 points and Dollex index at 124.57 points, easing by 1.24 points.

The total turnover on the BOLT network was Rs 10.55 billion from trading in 44.8 million shares. Satyam Computers topped the turnover list with Rs 1.64 billion, followed by ITC (Rs 1.62 billion), Reliance (Rs 951.1 million), Zee Telefilms (Rs 689.3 million), Pentafour Software (Rs 679.5 million), SBI (Rs 639.1 million) and Tata Tea (Rs 488.9 million).

Other scrips that recorded a high turnover were Castrol, Infosys, HLL, Hindalco, Dr Reddy's, MTNL, L&T and Telco.

UNI

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