Business

Sensex down 37 points

MUMBAI, FEB. 19. Share of public sector enterprises, led by BHEL, met with fresh spell of profit selling by operators on the Bombay Stock Exchange today, pulling down the Sensex by 36.32 points. As a result, majority of old economy shares also reacted affecting the recent bullish sentiment, dealers said.

Software stocks, however, ruled mixed on alternate bouts of buying and selling. While, frontline new economy shares reeled under selling pressure from foreign funds, second-rung IT stocks attracted brisk buying support from speculators.

Dealers attributed the sudden downturn to profit booking by wary operators ahead of forthcoming Union Budget to be presented to Parliament on February 28.

Reflecting the change in mood, the BSE-30 share sensitive index dropped to a low of 3588.93 before ending at 3597.61 against yesterday's close of 3633.93, a fall of one per cent.

Meanwhile, the Sensex resumed on a promising note at 3641.78 and immediately touched a high of 3652.76 at early stages. The broad-based BSE-100 index also dropped to 1740.86 from 1761.82. — PTI

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