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This is an archive article published on July 31, 1999
Sensex falls 61 points
MUMBAI, JULY 30: Share values generally remained subdued in dull activity causing a fall of over 61 points in Sensex on the Bombay Stock ...
MUMBAI, JULY 30: Share values generally remained subdued in dull activity causing a fall of over 61 points in Sensex on the Bombay Stock Exchange BSE today due to selling in the form of squaring up positions by operators. The closing rates showed modest to sizeable losses.
The volume was very low in the absence of institutional investors during the session which was extended till 4 pm in view of minor technical snag in the BSE bolt system at the early stages
The BSE sensitive index started marginally lower at 4590.48 and gradually moved downwards to the day8217;s low of 4526.80 before closing at 4542.34 with a net loss of 61.08 points against yesterday8217;s close of 4603.42. The BSE-100 index lost by 26.64 points to 1988.06 from the previous close of 2014.70.
Brokers said that the FIIs and FIs have reportedly withdrawn from the market that had witnessed continuous flow of discouraging corporate news with several major companies announcing quarterly working results below the market expectations. The sentimentwas also affected on fears of higher badla in line with about 30 per cent per annum fixed at the turn of account yesterday on the Calcutta Stock Exchange CSE.
Satyam Computer clocked the highest turnover of Rs 239.08 crore of the total volume of business of Rs 2169.33 crore. Satyam Computer declined by Rs 26.25 to Rs 1680, Pentafour Software by Rs 28 to Rs 1243, Ranbaxy by Rs 11.10 to Rs 885, ITC by Rs 14.90 to Rs 992.10, SBI by Rs 11.25 to Rs 245.50 and Tisco by Rs 1.60 to Rs 137.10. However, Zee Tele hardened by Rs 63 to Rs 2132 and Hindustan Lever by Rs 11 to Rs 2731 on short covering.
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