Vsnl Mulls Demerger Of Net Business

Trading on the Calcutta Stock Exchange (CSE) continued its dull run yesterday with some good buying at lower levels. The CSE-40 index gained by 54.32 points to close at 2139.24 points against Thursday's closing of 2084.92 points.

"Stocks are getting consolidated at lower levels. Interest has moved away from software scrips and moved to FMCG and other core stocks like Reliance, ITC and L&T", said CSE dealers.

Tisco was frozen after touching the upper circuit at Rs 118.60. The stock had opened at 113.20. The Bata scrip also touched the upper circuit to be frozen at Rs 237. However, it opened again during trading session to close at Rs 237. The previous closing of the stock was Rs 219.50.

Reliance was again among the more active stocks yesterday, and the total traded volume at the counter stood at 49 lakh shares with traded turnover at Rs 90 crore. The scrip opened at Rs 182, touched an intra-day high of Rs 186 and subsequently dipped to close at Rs 184.50.

The ITC stock opened yesterday at Rs 1,044 and closed at Rs 1,064.80. Total traded volume at the ITC counter stood at 18.88 lakh shares with turnover at

Rs 201 crore.