Sensex dips 41 points

MUMBAI, FEB 4: The BSE sensitive index dropped from the inter-day high 3301.54 to 3223.24 before closing at 3236.42, showing a net loss o...

MUMBAI, FEB 4: The BSE sensitive index dropped from the inter-day high 3301.54 to 3223.24 before closing at 3236.42, showing a net loss of 41.15 points over the previous close of 3277.57. The BSE-100 index declined by 18.92 points to 1423.29 against the previous close of 1442.21.

Brokers said that pivotals attracted selling pressure by the foreign funds during the mid-session and profit-taking by the local operators. However, several telecom scrips advanced further on interested buying. Punjab Wireless, Shyam Telecom registered gain of about eight per cent respectively while software shares like Pentafour Software, NIIT, Aptech, Infosys Technologies declined on selling pressure. The pharma stocks witnessed a mixed trend.

Speculators who were long in several counters resorted to liquidation to wind up positions on fear of higher badla charges. Pentafour Software remained the most active scrip with a turnover of Rs 211.22 crore of the total volume of business of Rs 1318.75 crore. GAIL, a B1 scrip, was among the five top traded scrips following cross deals involving over 1.54 crore shares at the rate of Rs 60.

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Pentafour software dipped by Rs 71 to Rs 851.50. GAIL moved down by Rs 2.30 to Rs 62.60, Tata Tea by Rs 3 to Rs 376, Satyam Computer by Rs 41 to Rs 867, Hindustan Lever by Rs 21.75 to Rs 1886.25, TELCO by Rs 3.40 to Rs 193.60, Reliance by Rs 3.50 to Rs 125.50 and SBI by Rs 3.70 to Rs 155 on selling pressure.

On the National Stock Exchange (NSE), share prices turned sharply weak due to emergence of heavy offerings by foreign investment institutions (FIIs) and domestic funds. The S&P CNX Nifty opened firm at 957.15 but declined to close at 939.70, showing a fresh fall of 12.70 over the last close of 952.40. The total turnover was Rs 2110.30 crore.

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Exclusive | Bike skidded, rider died on spot before bus ran over it in Kurnool tragedy

India4 hr ago

A bus in Kurnool, Andhra Pradesh caught fire after running over a motorcycle that had skidded on a wet highway. The bike's driver, B Siva Shankar, died on the spot and the pillion rider reported that the bus dragged the bike for 300 meters before stopping. Police are investigating the incident using CCTV footage.

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