Scrips End Lower
The sentiment remained depressed on the Delhi Stock Exchange (DSE) yesterday with most of the stock prices reacting to close sharply lower on account of massive selling by operators amidst absence of necessary buying support and closed lower. The DSE sensitive index dropped by 7.31 points to close at 718.55 points.
Stock brokers said the absence of foreign institutional investors (FIIs) buying who preferred to wait for the financial Budget to be presented on Friday also adversely affected the market sentiment.
Withdrawal of speculative buying by operators on
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fears of hike in freight in the Railway Budget made another dent.
ACC shares remained under selling pressure from operators and profit takers coupled with lower Bombay market trends and lost Rs 79 at Rs 1380.
RIL shares were target of heavy selling by near operators amidst slackness in buying support and moved down from Rs 262.40 to close at Rs 257.45 after touching the sessions high of Rs 266.10 at the outset of the session.
SBI shares also came under sizeable selling and lost Rs 6.30 at Rs 275.80.