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Press Trust of India
Mumbai, Sept 18: Pivotals declined gradually, moving in a narrow range, on the National Stock Exchange (NSE) here today on profit-taking and sustained selling pressure by the Foreign Institutional Investors (FIIs) and domestic funds to square up positions on the last day of current settlement at the Bombay Stock Exchange (BSE).
The S&P CNX Nifty closed at 901.65, with a loss of 8.45 from the previous close of 910.10. CNX Nifty Junior closed with a gain of 2.75 at 1480.40 from the previous close of 1477.65. S&P CNX Defty closed at 734.70, losing 6.85 from the last close of 741.55. S&P CNX 500 closed at 612.81, down 3.25 from the previous close of 616.06. Cnx midcap 200 closed at 533.63, up 3.73 from the previous close of 529.90. The total turnover was Rs 1,374.17 crore from 523.66 lakh shares and in 1,79,939 trades.
Debentures traded value was Rs 8.89 lakhs. The exchange witnessed 502 scrips advance, 453 scrips decline and 115 scrips remain unchanged. 49 securities had hit their price bands today, the NSErelease said.
The five most prominent traded scrips today were ITC with a turnover of Rs 298.98 crore, Satyam Comp Rs 193.29 crore, Pentafour Soft Rs 166.22 crore, Zee Tele Rs 142.11 crore and Reliance Rs 66.38 crore.
The other top traded scrips included SBI (Rs 53.19 crore), HCL-HP (Rs 28.42 crore), MTNL (Rs 23.68 crore), Castrol (Rs 23.49 crore), BFL Software (Rs 21.69 crore), Hind Lever (Rs 21.27 crsore, L&T (Rs 20.10 crore), ACC (Rs 19.79 crore), TISCO (Rs 19.15 crore), Dr Reddy (Rs 18.57 crore), Tata Tea (Rs 17.66 crore), BHEL (Rs 17.41 crore), ICICI (Rs 14.17 crore), TELCO (Rs 13.17 crore), Infosys Tech (Rs 11.04 crore), Digital Equip (Rs 10.11 crore), Silverline (Rs 9.33 crore) and NIIT (Rs 8.24 crore). Software stocks rebound in mixed market : A late rebound in software scrips bolstered sentiments at the Delhi Stock Exchange (DSE) today in dull trading which saw heavy-weighted shares ending lower due to squaring-up of long positions by operators.
Brokers said selling by foreign and domesticfinancial institutions for the major part of the session eroded stock values to low levels when these funds reversed their trend and picked up scrips at lower levels. They said infotech stocks which reacted to selling at higher prices by profit takers at the outset, staged a remarkable recovery following resurgence of buying and closed with sizeable gains.
Reflecting the market trends, the Delhi Stock Exchange sensitive index ended 4.20 points down after moving in the range of 688.52 and 697.41 points. Satyam computer dipped to Rs 499.30 at mid-session on massive selling by profit-takers. It rebounded to close Rs 14.25 higher at Rs 521 following late buying by speculators coupled with short covering.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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