Values fall on profit-taking

The market opened on a weak note as most of the investors including domestic financial institutions were busy squaring up their positions. FIIs bought a sizeable chunk of HDFC shares.

ACC eased by Rs 4.50 to Rs 1526.50, Bajaj Auto by Rs 60 to Rs 893.25, Colgate by Rs 4.75 to Rs 314. However, Larsen edged up Rs by 5.50 to Rs 268, Bombay Dyeing Rs 3.50 at Rs 113 and HDFC Rs 244.25 at Rs 4747.25 on short covering. Castrol, Siemens, and Tata Tea also remained better. In cash, Bayer declined by Rs 186.50 to Rs 2023.50, Cipla by Rs 21.75 to Rs 753.25 and Coluor Chem by Rs 95 to Rs 3605. Infosys Tech improved by Rs 173 to Rs 2440, NIIT by Rs 30.50 to Rs 460.50 and Wipro by Rs 13.75 to Rs 680.

On the National Stock Exchange NSE, share prices weakened on fresh spell of selling pressure and closed with substantial losses. The NSE-50 index closed at 1221.10, still showing a setback of 18.05. The midcap index closed at 1305.40, revealing a fall of 8.80. The total turnover was Rs 1,621.27 crore.