Values fall on unloading

MUMBAI, Oct 3: Share prices suffered a setback on the BSE today on bull unloading and lack of institutional support. Further, with the National Stock Exchange and Calcutta Stock Exchange remaining closed, the sensex dropped by 58 points.

The session started better but share prices crashed at the end on fresh support and increased selling. The closing rates showed widespread modest losses. The BSE sensitive index initially improved to 3923.26 but dropped to finish at 3847.73 with a net loss of 57.78 points compared to the previous level of 3905.51. The BSE-100 index also dropped substantially by 23.70 points to 1669.46 from Wednesday8217;s close of 1693.16.

The sentiment was also affected by the closure of the NSE and Calcutta Stock Exchange. FIs reportedly made limited buying in Tata Chemicals, Indian Hotels, Tata Power, Grasim and SBI. Foreign funds were inactive and bull operators kept away.