Calcutta, Oct 27: Share prices developed a reactionary trend on the Calcutta Stock Exchange shortly after opening as sellers dominated the ring. The turnover was at a lower level and undertone quiet. With a decline in prices of major counters, the CSE 40-share index fluctuated between 2380.76 points and 2326.32 points before closing at 2343.92 points.This followed fears that the reform measures might be delayed due to stiff opposition to the same from many political parties. The fall was noted over a broad front in the specified list with select non-specified scrips also posting losses.
The easing trend embraced all the sections with Tisco pegged at Rs 157.20, ACC at Rs 222.40, ITC at Rs 781.50, L&T at Rs 406.90, Jaiprakash Ind. at Rs 65.80, Telco at Rs 267.10, Reliance at Rs 250.10, SBI at Rs 256.90 and Satyam Computer at Rs 1342.10.
But HLL bounced back to Rs 2421.90 on bear-covering as did Pentafour Software to Rs 698.10 with CESC higher at Rs 39.35.
In Chennai, share prices drifted lower on selling pressure and profit taking and finished with small to moderate losses. The MSE index dropped by 36.18 points to close at 4745.12 against the previous day's close of 4781.30 points.
Reliance drifted by Rs 4.95 to Rs 253.55, Amrutanjan by Rs 11.15 to Rs 475, Macmillan by Rs 5 to Rs 700 and Spencer by Rs 7 to Rs 128. Abco Plast, Axles India, Bank of Baroda, BSES, Dev Fasteners, India Cement Capital and Sri Lakshmi Saras all dropped marginally.
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