The Hindu : Infosys leads slide on BSE

Online edition of India's National Newspaper
Thursday, Aug 07, 2003

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Infosys leads slide on BSE

MUMBAI AUG. 6. Led by Infosys Technologies, stocks moved further downwards after an attempted price rally around mid-session and pushed the Sensex down by another 24 points at close on the Bombay Stock Exchange today on fresh sell-off by domestic financial institutions.

Speculators who seemed to be unwilling to make fresh commitments in a big way, were selective buyers even as the principal driving force foreign institutional investors slowed down their activity for the past couple of sessions.

After a weak start at 3754.65, the BSE benchmark 30-share index tended to move up rising to the intra-day high of 3798.87 but later ran out of steam as local funds made fresh sales in blue chip stocks and dropped substantially to a low of 3722.08 before concluding at 3741.66 against yesterday's close of 3765.82, a net fall of 24.16 points. The broad-based BSE-100 index also declined by 6.74 points to 1907.68.

Infosys, BHEL, BSES, Grasim, Cipla, ICICI Bank, HLL, L&T, SBI and Satyam Computer were the prominent losers in the specified group. — PTI

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