Tags:
Journalism of Courage
MUMBAI, OCT 1: After a weak spell, pivotals on the Bombay Stock Exchange (BSE) rallied on emergence of short covering coupled with limited buying support by financial institutions.
The BSE sensitive index declined to 3848.15 during the mid-session but recovered to finish at 3905.51 with a minor gain of 3.48 points compared to the previous level of 3902.03. However, the BSE-100 index dipped further by 6.58 points to 1693.16 from previous level of 1699.74.
Brokers said pivotals attracted selling pressure on reports of prevailing tension at the Pakistan, India border areas following heavy shelling by Pakistani troops killing some civilians. However, the sentiment turned better at the end in view of short covering by local operators. Meanwhile, markets will remain closed on Friday on account of Gandhi Jayanti. ITC remained in the limelight with further good gains as operators continued to cover their short positions in the scrip. Reliance remained the most active scrip with a turnover of 196.26 crore of the total volume of business of Rs 752.07 crore followed by ITC of Rs 196.40 crore.
On the NSE, shares prices declined further on the first day of the current settlement today on renewed offering. The NSE-50 index opened weak at 1123.45 and declined further to 1102.45 before closing at Rs 1114.70, showing a fall of 9.10 over the last close of 1123.80. The Midcap index started higher at 1262.75 and settled at 1255.30, displaying a loss of 6.25 points. Today’s total turnover stood at Rs 1,385.56 crore.
