Narrow movements on BSE

MUMBAI, JUNE 21. The BSE barometer closed in the negative territory with equities moving either-way in range-bound trading on the Bombay Stock Exchange today on alternate bouts of buying and selling.

The BSE benchmark 30-share index opened marginally up at 3408.28 and later fluctuated in an extremely narrow range of 3427.75 and 3385.87 before closing at 3405.64 against yesterday's close of 3406.05. The broad-based BSE-100-index eased marginally by 2.87 points to 1645.20 from 1648.07.

The activity reflected in the volume which has also been adversely affected and remained low in the past few weeks with today's turnover dipping below four figures.

This was the result of lack of interest by investors and speculators who had confined their transactions largely to winding up of positions after the announcement of the ban on badla in the rolling settlement to be introduced with effect from July 2.

Foreign institutional investors were the only market moving factor and have made a record net investments so far in the current year.

- PTI

Send this article to Friends by E-Mail

Section  : Business
Previous : Govt. strategy to boost FDI inflow
Next     : Rupee loses 4 paise against $