Profit-Taking Seen

The uptrend in share prices noticed on Monday persisted yesterday on the Calcutta stock exchange, though selectively with delay in governments announcement on capital market influencing sentiment. There was profit-taking in some of the major scrips.

Brokers said bulls who had built new positions on Monday unloaded in some counters and this led to loss of values in the concerned scrips. The sensitive index which was 459.66 points lost 1.24 points over the previous close of 460.90 on Monday. The turnover was moderate in the shorter session the market closed at 2.30 pm instead of 3.30 pm due to the death of a member.

In the specified list ACC closed at Rs 1404, Reliance at Rs 273, while BSI finished at Rs 305, Tisco at Rs 207 and L&T at Rs 244. Among other scrips CESC was placed at Rs 66, Hind Motor at Rs 20.40, Jaiprakash at Rs 23.50 and IPCL at Rs 118. Activity on the non-specified list remained poor due to lack of interest. Prices quoted showed little changes.