Pivotals Steady
Steady conditions marked trading yesterday on the Calcutta Stock Exchange where share prices wound up in gaining. Brokers said bulls were evincing fresh interest in anticipation of the Union Budget for 1997-98 expecting it would be generally conceived to put the economy on the growth path. The sensitive index stood at 442.71, gaining 1.76 points over the previous close.
The Railway Budget was welcomed since the hike in passenger fare and fright rates was lower than what marketmen had expected. This gave a relief to operators who were seen effecting new commitments aiding a recovery in major scrips.
In the specified list ACC finished at Rs 1400 while Tisco closed at Rs 184.50 with Reliance traded at Rs 265.50, SBI at Rs 277, ITC at Rs 390.50 and L&T at Rs 234.50. Among others ICICI finished at Rs 58, Hind Motor at Rs 17.50, ISP Ind at Rs 16, Jaiprakash at Rs 19.25. In the non-specified list trading was confined to select scrips.
The bourses on-line trading system was switched on yesterday with its inauguration by West Bengal chief minister, Jyoti Basu at an impressive function held in the trading hall before commencement of trading.