Fresh Slump

Share prices caved in selectively on the Calcutta stock exchange (CSE) with bear operators tightening their grip over the trading ring. The fresh fall followed weaker advices from both NSE and BSE which depressed sentiment markedly.

Reports of FIIs selling in other prominent bourses coupled with payments crisis at NSE also had an adverse influence on sentiment letting off new bear pressure which was marked in the ITC counter. The turnover was moderate and undertone depressed. The 50-share CSE index dipped further to close at 92.87 while the high and low were 94.94 and 92.44 points respectively. The sensitive index shed 1.67 points over the last close.

The prominent losers during the day were Associated Cement Company (Rs 13), Bajaj Auto (Rs 20), Castrol (Rs 12.30), Hindalco (Rs 16.70), Hindustan Lever (Rs 15.50), ITC (Rs 31.50), Reckitt & Colman (Rs 3.50), Reliance Industries (Rs 3.10), State Bank of India (Rs 4.40), Tata Tea (Rs 8.40), and Tisco (80 paise). PTI & Uni