Recovery Trend Seen

Equities staged a modest recovery on the Calcutta stock exchange yesterday but the mood of uncertainty prevailed.

Though the overall trading remained dull, the downward slide was checked to a certain extent, said a Calcutta broker.

With the Uttar Pradesh assembly poll results yet to come in, there was no disposition to make new commitments.

FIs were seen buying selectively. Pivotals moved in a narrow range and the business volume stayed restricted. The 51-scrip CSE Index moved up marginally by 1.78 points to 416.88 points.

The SBI was hectic, closing at Rs 210.50. It touched an intra-day high of Rs 218.50, settling at Rs 216. Tisco opened at Rs 166 and finally closed at Rs 167.50.

ACC gained Rs 40 at Rs 1,705, Reliance by Re 1 to Rs 192 and L & T by Rs 2.50 to Rs 211.50. ITC maintained its levels at Rs 308 after moving up to Rs 311.