Sensex declines by 31 points

MUMBAI, SEPT 18: Share prices declined further on the Bombay Stock Exchange BSE on selling pressure in view of the end-account considerations coupled with discouraged global financial trends. Sensex dropped below the 3100 mark as a result of sustained offerings.

The BSE Sensitive Index declined from the day8217;s high of 3108.83 points to finish at 3090.72 points with a net loss of 30.58 points against the previous close of 3121.30. The BSE-100 index drifted lower by 11.16 points to 1372.22 from Thursday8217;s close of 1383.38.

Brokers said the sentiment was affected mainly by the absence of speculative support and lack of institutional buying. The fall in other Asian stock markets also cast its shadow. Led by tobacco scrip, ITC, index heavyweight shares like HLL, Telco and others registered substantial fall on selling by foreign funds.