CSE fallout: Sensex surrenders gains

MUMBAI, MARCH 22. Renewed apprehensions of a payment crisis at the Calcutta Stock Exchange wiped off 77 points of the sensitive index and pushed it down to close at 3713.97 on the Bombay Stock Exchange today, cutting short a brief overnight smart rally.

Selling in heavily weighted shares contributed to the fall in the Sensex here in a shallow market, driven by thin volumes owing to the prevailing restrictions, dealers said.

Operators preferred to remain on the sidelines and refrained from taking fresh position ahead of the pay-in on the BSE and CSE, they added.``If the settlement is smooth, stocks might attain some semblance of steadiness tomorrow," a dealer said.

The BSE-30 share sensitive index opened slightly lower at 3785.96 and touched a high of 3818.03 immediately thereafter. Later selective selling in the absence of any fresh buying pulled down the Sensex to a low of 3708.80 before closing at 3713.97 against 3791.07, a fall of 77.10 points or 2.03 per cent.

The BSE-100 also dipped by 37.29 points to 1759.60 from 1796.89.

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