Tags:
Journalism of Courage
MUMBAI, Decemeber 30: The sentiments on the Bombay Stock Exchange suffered a setback on Tuesday due to profit taking, coupled with fresh selling pressure by the domestic financial institutions. Sensex lost over 69 points. Resuming subdued, select scrips dropped during the mid session on selling pressure.
The BSE sensitive index dropped to a intra-day low of 3623.93, before closing at 3637.71 points as compared to the previous level of 3706.79.
It is notable that after touching the recent low at 3329.27 points on December 12, the Sensex recovered smartly by over 377 points in the last three week. Today8217;s fall was mainly due to technical considerations of the market. The BSE-100 index also fell back by 26.55 points to 1577.79 from previous close of 1604.34.
Brokers said that apart from the profit taking by the FIs, the sentiment was affected due to squaring off of business as Tuesday being the last session on the National Stock Exchange NSE for the current settlement. ITC continued to be the most activescrip with the turnover of Rs 203.32 crore, of the total volume of Rs 791.60 crore. Other active scrips were Tata Tea Rs 98.77 crore, SBI Rs 96.21 crore, Telco Rs 73.08 crore, and Reliance Rs 63.97 crore.
On the NSE, share prices turned weak on the the last day of the current settlement. The NSE-50 index resumed weak at 1078.75 to settle at 1058.50, showing a sharp fall of 20.50. The dollar NSE-50 defty index also started weak at 953.05 and closed at 933.70, reveaqling a fresh fall of 19.75. The Midcap index, however, commenced better at 1179.55 and fell to 1166.60, disclosing a fall of 12.40.Today the total turnover was higher at Rs 1288.06 crore.
