Mumbai, Oct 30: The subdued sentiment on the stock market and the shadow of the holiday mood that prevailed over the last few days, brought down the benchmark Bombay Stock Exchange Sensitive index down by about 40 points on Monday. The loss was also due to rumours that income tax officials have conducted raids on some big brokerage houses, during the early hours of trading. The Sensex opened at 3744.10 points and went up to touch the day's high of 3751.28 points and after a roller coaster ride in which it come down to touch the low of 3680 points just before closing the day at 3689.43 points, against 3729.12 points on last Friday.The 50-stock S&P CNX Nifty of the National Stock Exchange has also followed suit with a loss of ten points during the session.
"The market remained lacklustre in the absence of Foreign institutional investors (FIIs) in the wake of forthcoming US presidential elections," a trader said. During the day when most of the Sensex stocks took a beating, fast moving consumer goods major Hindustan Lever led the pack of gainers by going up by 3.03 per cent to Rs 173.65, followed by ICICI with 2.90 per cent gain at Rs 76.20.
Zee Telefilms was the major loser among the index stocks with Rs 23.55 or 7.63 per cent of loss during session. Market sources said that the stock was hammered as its "latest programme - Sawal Dus Crore Ka - had failed to come up to the expectations of the audience."
Silverline Technologies was the major loser among the A group with a Rs 26.35 or 8.21 per cent knock. The sources said that the market was not as hopeful about the company's latest acquisition of a Nasdaq-listed company for a consideration of $ 99 million.
Other major losers in the Sensex stocks were Glaxo India (six per cent down as its profits for latest quarter were down against same period last year), L&T (5.16 per cent), Novartis India (5.1 per cent). The major IT stocks that found place in the prominent losers were NIIT and Satyam Computers with a knock of 4.57 per cent and 4.3 per cent respectively.
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