Undertone Weak

With overnight selling orders depressing sentiment, prices resumed yesterday showing a wide gap, with ITC leading the swing downwards. ITC subsequently staged a smart recovery in the wake of which others too, retrieved part of the losses.

Brokers said that the main drag on sentiment was the raids on ITC officials. But with bull operators emerging with success in holding their positions, the market improved despite settlement.

In the specified list Tisco wound up at Rs 180.50, while ITC finished at Rs 304.50, though it was marked down earlier to levels below the Rs 300 mark, due to bull support at lower rates.

 

L&T closed at Rs 223.50, Reliance at Rs 202.50 and ACC at Rs 1530.

In the non-specified list also a weak tone prevailed. ITC Classic was pegged at Rs 40, SCICI at Rs 28 and Orkay at Rs 5.25.

The daily margin for the new settlement is 15 per cent for purchase and sale of specified list shares.