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Journalism of Courage
MUMBAI, March 10: Pivotals generally showed a narrow movement on the Bombay Stock Exchange mainly due to absence of speculative support and end-account considerations on the National Stock Exchange. After a steady spell, share prices declined as the session progressed on profit-taking and lack of follow-up support at the higher level. The closing rates showed small losses. The volume of business remained moderate.
The BSE sensitive index moved in the range of 3783.99 and 3830.97, after opening at 3810.15 and closed at 3798.25, showing a loss of 8.96 from the previous close of 3807.21. The BSE-100 index closed at 1639.78, down by 5.98 points from the previous close of 1645.76. Brokers said that the sentiment remained slightly subdued mainly in absence of speculative support in view prevailing political development at the centre. Most of pivotals attracted only squaring up of the business due to today being the last session for the current settlement on the NSE. The total turnover remained moderate at Rs1145.88 crore. ITC was in the forefront with a turnover of Rs 270.64 crore. Reliance notched up a turnover of Rs 196.60 crore, SBI Rs 127.38 crore, Tata Tea Rs 90.75 crore and Bajaj Auto Rs 46.02 crore.
On the NSE, pivotal prices declined gradually in a low sentiment on the last day of current settlement cycles. The NSE-50 opened at 1099.35 points and closed 1086.05 points, suffering a loss of 13.45 points. The Midcap index settled down at 1232.85 points as compared to yesterday8217;s close of 1252.10 points decreasing 19.25 points. The total turnover on the exchange was Rs 1559.13 crore.
