Stocks suffer modest setback

MUMBAI, JULY 25. Equities suffered a moderate setback pushing the Sensex down by about 33 points in lacklustre activity on the Bombay Stock Exchange due to persistent selling pressure from operators and investors coupled with offerings by foreign institutional investors.

After opening weak at 3307.16, the BSE sensitive index tended to move upwards rising to the day's high of 3338.22. However, it reacted again to close at 3301.97 against yesterday's close of 3335.08, netting a loss of 33.11 points.The BSE-100 eased by 15.85 points to 1544 from 1559.85.

Despite an announcement of higher-than-expected second quarter results by the fast moving consumer goods (FMCG) major Hindustan Lever, which prompted a temporary mild rally at early stages, FIIs were reportedly sellers in Sterlite Optical besides several second-line technology counters.

- PTI

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Section  : Business
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