Equities Remain Subdued On Squaring Up Operations

BSE REPORT

Volumes remained depressed on the Bombay Stock Exchange (BSE) yesterday with share prices dipping further on lack of fresh buying support from any quarters. Overall, the volumes remained subdued with operators limiting their activities to squaring of their position in view of Tuesday being the last day of the trading settlement on the National Stock Exchange (NSE) said a broker.

Market sources said the market remained depressed also due to the Sebi decision allowing financial institutions sell their holdings in physical section from April which is likely to result in increased liquidity. The 30-scrip BSE Sensex closed at 3,317.70, a drop of 30.65 points. The BSE-100 closed at 1,427.92, a fall of 13.80 from the last close. The BSE-200 closed lower at 317.43 and the Dollex at 136.42.

 

Among the scrips that declined were: Castrol by Rs 5 to Rs 648, Tata Tea by Rs 5 to Rs 407, SBI by Rs 2.50 to Rs 238.20 and Telco by Rs 3.60 to Rs 230. Though ITC moved in range of 585.25 to 592.25, it closed at Rs 588, unchanged from previous days close, The total turnover on the BOLT was Rs 641.75 crore with ITC leading the turnover tally at Rs 193.58 crore, Tata Tea at Rs 102.67 crore, Castrol at Rs 70.76 crore, SBI with Rs 35.69 crore and Telco with Rs 28.80 crore.

Cash scrips remained weak with Aptech falling again by Rs 60 to Rs 540.25, while Colour Chem fell by Rs 70 to Rs 2,280. Other scrips fell were Kodak by Rs 10 to Rs 305, Shriram Honda by Rs 11.20 to Rs 185.30, Thomas Cook by Rs 10.00 to Rs 565 and Bharat Bijlee by Rs 10 to Rs 285. VSNL went up by Rs 35 at Rs 740. Brokers expect the market to decline due to uncertainty on the political front due to the coming polls. The Sensex is likely to go below the 3,200 level, as the operators are not willing to take fresh positions and institutions are inactive.