Tags:
Journalism of Courage
MUMBAI, December 10: Pivotals lost further ground on the BSE on continued selling pressure by the FIIs coupled with absence of speculative buying.
The sensex lost further 44 points. Opening subdued, share prices moved widely on alternative bouts of buying and selling. The closing rates showed further widespread small to modest losess.
The volume of business dropped. The closing undertone remained weak.
The BSE sensitive index moved widely between 3380.03 and 3325.25, before closing at 3347.33 with a net loss 44.26 points compared to the previous level of 3391.59. The BSE-100 index also lost 17.07 points at 1457.14 from previous close of 1474.21.
Brokers said that the sentiment was affected further due to sustained selling pressure by foreign institutional investors FIIs and profit taking by the local operators.
FII sold in blue chip scrips like ITC, Castrol, Hindustan Lever, Colgate, Reliance and others.
The domestic FIs picked up small lots of shares of Tata Steel, Reliance, SBI and others.
On the NSE, speculative prices declined further on opening day of settlement following continued selling pressure from financial institutions and absences of buyers. NSE-50 index fluctuated between 983.20 and 965.85 before closing at 971.90 suffering a loss of 12.15 points as against its previous close of 984.05.
The dollar NSE-50 Nifty index finished at 863.40 over Tuesday8217;s close of 874.80. The Midcap index closed at 1110.60 as compared to yesterday8217;s close of 1124.20, decreasing by 13.60 points. The total turnover on the exchange was Rs 1241.14 crore.
