BSE, NSE turnover hits Rs 5,403 crore

MUMBAI, Jan 11: Even as the Sensex crossed the 3,500 mark only to fall back to 3433.21 on heavy institutional sales, the total volume of ...

MUMBAI, Jan 11: Even as the Sensex crossed the 3,500 mark only to fall back to 3433.21 on heavy institutional sales, the total volume of business on both the Bombay Stock Exchange (BSE) as well the National Stock Exchange (NSE) on Monday crossed the Rs 5,000 mark for the first time and touched a record high of Rs 5,403 crore.

While the BSE posted a record turnover of Rs 2374.95 crore surpassing the previous best of Rs 2048.81 crore on Friday last, the NSE turnover zoomed to Rs 3028.24 crore.

The NSE witnessed the highest number of trades and highest traded quantity today since inception with 3,66,135 trades and 1,265.71 lakh shares. The previous highest number of trades was 3,52,246 and the highest traded quantity 1,182.97 lakh shares recorded on January eight, 1999, the NSE said.

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Foreign investors and domestic institutions sold heavily as the market was already in an overbought position as Sensex had risen by 338 points last week. In fact, FIIs were net sellers on the BSE.

Trading commenced on abullish note and Sensex (BSE sensitive index) started sharply higher at 3502.48 and immediately zoomed to touch the day’s high of 3515.49. However, on increased selling pressure thereafter, Sensex fell.

Sources in the LJP (RV) said the names of the remaining 15 candidates would also be announced very soon.

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