Sentiment Depressed

The sentiment remained depressed as shares spread over a broad front suffered another setback on the Delhi stock market yesterday to close with widespread losses due to massive off loading by bull operators followed by bear hammerings mostly induced by prevailing adverse political conditions.

Marketmen said reports that the enforcement directorate have arrested officials of multi national, ITC ltd following alleged violations of the FERA further dampened the sentiment. Marketmen said better than expected working results by Tisco also failed to enthuse the sentiment. Reflecting the mood, the sensitive index fell 13.76 points at 713.76 points. Major losers in the specified group were Reliance Industries, ACC, L&T , LML, Asian Hotels, DCM Daewoo, Jaiprakash Industries, Spic, Oswal Agro and SBI on selling by FIIs and profit takers.