Prices Slide Further

CSE REPORT

After opening on a quietly steady note with prices generally above the previous closing rates, share values on the Calcutta stock exchange (CSE) yesterday encountered fresh pressure under the impact of which they retreated all round.

Lower Mumbai advices and absence of buyers accelerated the easing trend with most countries posting fair losses from Thursdays closing rates. But a change came in the last half hour of the session when with lower levels attracting replacement buying a rally emerged to recover a part of the losses.

The turnover was fair and undertone hesitant. The CSEs 50 share index closed at 127.29 points, the days highest, with the lowest being at 127.31 points and 124.98 points respectively, losing 3.60 points over the previous close. In the specified list ACC closed at Rs 1,470, Tisco at Rs 203.80, ITC at Rs 504.50 and SBI at Rs 328.20, while RIL finished at Rs 347.50, Tata Tea at Rs 389.30, Telco at Rs 396.90 and Hindalco at Rs 960.