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Prices Down On Bear-Hug


Share prices gave ground yesterday on the Calcutta Stock Exchange to fresh bear pressure on a market devoid of support.

Brokers said there was increasing tendency on the part of bulls to lighten their commitments aiding the easing trend in prices.

The development on the political front especially in the Congress party, seemed to have induced a marked caution among operators who preferred to watch from the sidelines rather than effecting new commitments.

The turnover was consequently lower with the market closing ahead of schedule on account of CSE's annual general meeting.

Among the specified list shares Tisco closed at Rs 172, ACC at Rs 1835 and ITC at Rs 291, while Reliance finished at Rs 194, SBI at Rs 262 and Larsen & Toubro at Rs 240.50.

First Published: Tue, September 24 1996. 00:00 IST