Sensex down 18 points on fresh sell-off

MUMBAI, SEPT. 3. Led by IT bellwether Infosys, equities lost further ground and pushed the Sensex down by another 18 points at close in restricted activity on the Bombay Stock Exchange today due to fresh sell-off by foreign institutional investors.

A leading Singapore-based fund was reportedly heavy seller in Infosys with FIIs, who have considerably slowed down their investment activity in the past couple of weeks in the light of unabated flow of discouraging news in the global markets, booking profits in some others. They hardly made any net investments last week with their total purchases amounting to about Rs. 480 crores against total sales of Rs. 470 crores in the first four sessions of the week.

The BSE benchmark 30-share index attempted a rally rising to the day's high of 3267.93 at the early stages following an upsurge in select stocks such as ACC, Grasim, L&T, ITC, Reliance and Zee Telefilms. However, it fell gradually in the latter part and closed at 3227.12 against last Friday's close of 3244.95, a net fall of 17.83 points. The BSE-100 index moved down by 14.65 points to 1520.08 .

- PTI

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