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This is an archive article published on August 1, 1998

Scrips show mixed trend

MUMBAI, July 31: Pivotals generally showed a mixed trend on the Bombay Stock Exchange BSE on alternative bouts of buying and selling. A...

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MUMBAI, July 31: Pivotals generally showed a mixed trend on the Bombay Stock Exchange BSE on alternative bouts of buying and selling. After a better spell, share prices declined during the mid-session but recovered partially at the end.

The BSE sensitive index opened higher at 3231.23, improved further to the inter-day high at 3234.54. Sensex, however, dropped thereafter mainly due to last day of the settlement to 3184.10 before finishing at 3211.31 with a minor loss of 0.79 points compared to the previous close 3212.10. The BSE-100 index also remained steady at 1416.67 over the yesterday8217;s close of 1417.36 points.

Brokers said the sentiment was better during the earlier part of the session as foreign as well as domestic institutions bought considerable amount of shares while bull operators sold similar amount of equities, kept the sensex nearly steady. FIIs purchased huge amount of SBI, MTNL, Dr Reddy and others other index based shares. ITC remained the most active scrip with a turnover of Rs 255.53crore of the total volume of business of Rs 942.31 crore.

The market leader ITC finished better at Rs 634 from previous close of Rs 633.75. On the NSE, equities started on a positive note but could not maintain their opening levels due to selling pressure and closed marginally lower. The Samp;P CNX Nifty started steady at 932.60 and closed at931.40, showing a marginal fall of 1.20 over the last close of 932.60.

The market showed a total turnover of Rs 1325.67 crore. In the market, 407 securities rose, 497 fell and 106 held steady with 30 securities hitting their price bands.

 

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