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Selling pressure unabated; Nifty dips four points, 910.10

The bearish sentiment continued as pivotals slumped following selling pressure by foreign institutional investors and domestic institutions at the National Stock Exchange today.

The S&P CNX Nifty index opened at 914.45 points, touched a high of 919.95 points, declined to a low of 908.55 points and ended at 910.10 points, exhibiting a net loss of 4.40 points against the previous close of 914.50 points.

The CNX Nifty Junior, however, gained by 3.60 points to 1477.65 points. S&P CNX Defty and S&P CNX-500 declined by 4.50 and 1.25 points to 741.55 and 616.06 points respectively. The CNX Midcap-200 index rose by 1.61 points to 529.90 points.

The total turnover on NSE was Rs 10.99 billion from trades in 51.1 million shares. About 53 securities hit their price bands, 474 advanced, 495 declined and 108 remained unchanged. Zee Telefilms recorded the highest turnover of Rs 1.62 billion, followed by ITC (Rs 1.59 billion), Satyam Computer (Rs 1.37 billion), Reliance (Rs 1.10 billion), Pentafour (Rs 918.3 million) and SBI (Rs 736.1 million).

The top gainers were Grasim, East India Hotels, Arvind Mills, Asean Brown Boveri and Hindalco, while the prominent scrips that lost value were ICICI, Colgate, M&M, Tata Tea and SBI.

UNI