Mumbai, Nov 19: With bouts of selling coming in at higher levels, marketsremained more-or-less lacklustre on Friday. According to brokers, it wasmainly the domestic institutions who sold at the higher levels, although theselling was not aggressive. Reflecting the general market sentiment, the BSESensex closed 22.06 points down at 4584.10 and the S&P CNX Nifty on the NSEshed 2.40 points down to 1361.85 points.For Monday, the markets could be volatile, say brokers. Tuesday being aholiday, Monday is the last day of the current settlement on the NSE and thefirst day on the BSE, speculators are likely to try and distort the priceson both the exchanges, said a dealer with a domestic broking house.
Also a host of stocks from the group A of the BSE, which are going into thecompulsory demat mode from November 29, are entering the no-delivery mode onMonday. There is every possibility that these stocks could be dumped on theNSE on Monday, where there is no opportunity to carry forward which isavailable on the BSE.
However, the straight forward trading is likely to emerge from Wednesdayonwards, said the dealer. There was substantial trading in the Infosyscounter after the Infy ADR had touched a record $218 on the Nasdaq onThursday.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.