Business

Distress selling on BSE

MUMBAI APRIL 8. Depressed sentiment continued to weigh on the Bombay Stock Exchange today with the Sensex losing another 20.40 points to close at 3480.17, dragged down by distress selling by operators in lacklustre activity and thin volumes.

Losses in index-based counters such as HCL Techno, ITC, RIL, HLL, Zee Tele, GACL, HPCL and BHEL pulled down the Sensex. Barring IT bellwethers, Infosys Technologies and Satyam Computers which exhibited a fairly stable trend, most of the others, particularly second-rung software stocks, continued to reel under selling pressure.

The BSE-30 share sensitive index opened better at 3502.09 and moved up further to a high of 3521.41. Later, it met with strong resistance and dropped to a low of 3478.93 before concluding at 3480.17 against last Friday's close of 3500.57.

— 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

• RPL-RIL combine to boost opportunities
• IT enabled services drive software exports
• Too little and too slow
• India-Brazil economic ties grow
• ABB moves to Bangalore
• United Western Bank MD asked to step down
• No more assured return schemes by UTI
• Cellular phones: appeal against high ST
• Rupee ends at new low
• Distress selling on BSE
• Bullion rates
• Stock Market Index
• Exchange rates
• Repco, HDFC Standard sign MoU
• BPL Telecom launches SNX 8500
• Foreign promoters hike stake in Castrol
• Tarang's account aggregation solution
• Locus launches EduManage
• Aptech's new career course
• William M. Mercer rechristened

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