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This is an archive article published on January 25, 2000

Stocks end mixed after good start

MUMBAI, JANUARY 24: Stocks showed a mixed trend on the Bombay Stock Exchange BSE today as speculators unwound positions. Sensex which op...

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MUMBAI, JANUARY 24: Stocks showed a mixed trend on the Bombay Stock Exchange BSE today as speculators unwound positions. Sensex which opened strong finally managed to gain by 35 points.

Brokers attributed the intra-day fall in share prices to various issues including higher badla rates, increased net outstanding position, discouraging corporate results by TELCO and others. Operators were cautious while taking long-term positiions and some of them preferred to square up their positions to avoid losses. The sharp setback in heavy weighted shares like TISCO, TELCO, BHEL, ITC, SBI, Hindalco, GACL and Mahindra and Mahindra minimised the initial Sensex8217;s gain.

The split in Infosys Technolgoies shares came into effect on the BSE on Monday. The Rs 10 scrip was sub-divided into two and the stock gained by Rs 382.75 to Rs 6767.25 Rs 5.00 paid-up. The split in Infosys will come into effect at the NSE from Wednesday, the first trading day of the new settlement.

Zee Telefilms remained the most active scrip and clocked the highest turnover of Rs 425.78 crore of the total volume of Rs 3838.05 crore. Zee Telefilms flared up by Rs 66.10 to Rs 1238.10 on speculative support. Satyam Computer gained by Rs 8.50 to Rs 2796, Reliance by Rs 2.25 to Rs 328.15, Silverline by Rs 35.65 to Rs 861.90, HFCL by Rs 21 to Rs 908, BSES by Rs 15 to Rs 211, Grasim by Rs 12.90 to Rs 418, Hindustan Lever by Rs 51.50 to Rs 2576.50, HPCL by Rs 5.50 to Rs 172.50 and NIIT by Rs 18.75 to Rs 2595.75.

 

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