Trading Dull

Trading was somewhat dull on the Calcutta Stock Exchange (CSE) yesterday as operators showed an increasing tendency to exercise caution. Share prices consequently moved in a narrow range.

Brokers said the general mood was against building strong plus positions partly because the Union Budget was drawing nearer. Marketmen were in favour of going slow with new commitments apprehending that pre-Budget developments might not be encouraging.

In the specified list ACC finished at Rs 1,423 while ITC wound up at Rs 420 with Tisco held at Rs 194, State Bank of India Rs 279, Reliance Industries Rs 273 and Larsen and Toubro at Rs 245.50.

 

Among other shares, CESE was placed at Rs 59, Hind Motor Rs 18.50, Ispat Rs 16.50 and Jaiprakash Rs 17.75.

The non-specified shares continued to rule sluggish for want of support with ITC Classic pegged at Rs 35.50, Orkay Rs 6 and Chambal Fertiliser at Rs 12 with DCL Polymer pegged at Rs 10.50. Agencies