War Drums Beat Down Trend

The Bombay Stock Exchange (BSE) sensex breached the psychological barrier of 3,300 level amid allround selling pressure today on concerns about further straining of Indo-Pak relations and rising fears of an US-Iraq war.

Also, selling from Alliance Mutual Fund, which is facing redemption pressure following the announcement that the fund is closing down its Indian operations, led to all-round selling, broker said.

After trading in a range of 58.75 points, the sensex settled with a loss of 40.32 points at 3,287.86, off from its day