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Journalism of Courage
MUMBAI, JULY 30: After a better spell, pivotals on the Bombay Stock Exchange BSE reacted today on emergence of profit-taking coupled with selling pressure by the foreign funds. The closing rates showed small changes.
The BSE sensitive index dropped from the inter-day high of 3276.29 to 3190.54 before finishing at 3212.10 with a small loss of 7.83 points compared to the previous level of 3219.93. The BSE-100 down nominally by 1.06 points to 1417.36.
Brokers said that in volatile trading throughout the session. The sentiment was better at the earlier part of the trading on reports that government would promulgate an ordinance to allow corporates to buy-back their shares early next month.
On the National Stock Exchange, pivotals declined after a firm start and posted moderate losses on heavy selling pressure from the foreign institutional investors FIIs in select counters. The Samp;P CNX Nifty index opened at 938.15, traded between 949.85 and 926.80 and closed at 932.60, with a loss of 5.25 from theprevious close of 937.85.The total volume of business amounted to Rs 1,391.26 crore.
