Sensex dips marginally

MUMBAI, April 8: Pivotals moved widely on the Bombay Stock Exchange (BSE) today on alternative bouts of buying and selling and ended on a mi...

MUMBAI, April 8: Pivotals moved widely on the Bombay Stock Exchange (BSE) today on alternative bouts of buying and selling and ended on a mixed note. After a better spell, share prices dropped during the mid-session but rallied partially thereafter. Reliance group shares however, remained firm on speculative support and fresh buying by the foreign funds. The volume of business remained brisk. The closing undertone appeared steady.

The BSE sensitive declined sharply from the intra-day high of 4226.74 to 4138.83 before finishing at 4183.57 with a small loss of 10.70 points compared to the previous level of 4194.27. The BSE-100 index closed with a minor loss of 1.93 points to 1826.27 from the previous level of 1828.20.

Brokers said that the foreign funds made fresh purchases in select scrips like MTNL, Raymond and others. Most of the other operators initially enlarged their commitments but thereafter booked profit in view of the forthcoming holiday and end-account considerations. In an unabated buying spree,some software scrips reached their 25 per cent weekly limit and attracted circuit breaker during the trading.

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Operators said the market is expected to begin on a firm note on Friday after tomorrow’s holiday in line with the National Stock Exchange (NSE) which is open for trading, but likely to encounter selling pressure in view of last day of current settlement.

Reliance Industries was the most active scrip with a turnover of Rs 284.95 crore of the total volume of business of Rs 1600.37 crore. Other active scrips were ITC , SBI, ACC and MTNL.

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