Business

Early gains not held on BSE

MUMBAI APRIL 5. The Sensex landed in the negative territory, with a modest loss of 11.98 points, to close at 3500.57 on the Bombay Stock Exchange today after late profit-selling by operators and domestic funds wiped out early gains and cut-short a brief overnight smart rally.

Marginal to moderate losses in shares from index family like Infosys Technologies, Satyam Computers, ITC, L&T, GACL, ACC and Hero Honda weighed heavily on the Sensex. However, select second-line cyclical stocks continued their upward march on investment-cum-speculative buying but was unable to reflect a positive result for the Sensex, dealers said.

Mirroring the trend, the BSE-30 share sensitive index opened on a promising note at 3516.43 and was trapped in a narrow range between 3538.49 and 3499.06 before finishing at 3500.57. The BSE-100 index also eased by 2.65 points to 1745.66 from 1748.31.

Marketmen said most of the bad news had been already discounted and all eyes were now centred around the outcome of the fourth quarter results of front-line tech companies.

- 151; PTI

Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Panel for due diligence norms
• Early gains not held on BSE
• BHEL Tiruchi scales new heights
• Hyderabad unit looks for new avenues
• Taiwan's airline launches India operations
• Consolidation in banking sector
• Hudco to set up guidance centres
• Tisco plans foray into new businesses
• HLL to stick to bonus debenture proposal
• Bullion rates
• Exchange rates
• Stock Market Index

Copyright © 2002, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu