Infotech Stocks Retain Growth

Profit-booking by punters on the penultimate day of the current settlement and imposition of higher badla charges were responsible for a marginal fall in share prices on the Calcutta Stock Exchange (CSE) yesterday.

CSE-40 closed at 2,533.94, down 22 points than the previous day's closing figure of 2,555.13. Some of the stocks in the information technology sector managed to record gains, though almost all other shares went down.

Rolta, DSQ Software and Satyam Computer closed at a rate higher than Rs 52.30, Rs 50 and Rs 2, respectively, over the day's opening price.

Cyclical stocks along with State Bank of India, ITC and Tisco managed to post gains during the first-half of the trading period but failed to sustain the growth due to absence of financial institutions' support in the latter part of the day.

 

Among major losers, Pentafour shed Rs 53.10 from the day's opening, while Ranbaxy lost Rs 25.10. Digital Equipement, Global Tele and Zee Telefilms lost Rs 37.9, Rs 26.6 and Rs 20.80, respectively, yesterday.

The trading volume on the Calcutta Stock Exchange was considerably lower at Rs 2,086 crore as against the previous day's figure of Rs 2,885 crore.