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Sensex loses 58.18 points

The Calcutta Stock Exchange witnessed 3 to 3.5 per cent fall, which demoralised the sentiments of brokers in Bombay, a leading broker said, and added that to square up their positions, brokers started offloading shares.

Unit Trust of India was seen buying small scrips at lower prices and booking profits at higher levels, brokers added.

Reflecting the downtrend, the BSE Sensitive index opened on overnight continuous buying support at 4195.53 points and gradually drifted higher to 4208.56 points. Around the afternoon session, sellers entered, drifting the Sensex to 4132.66 points before it closed at 4134.32 points, suffering a net loss of 58.18 points as against the previous close of 4192.50 points.

The broadbased BSE National index finished at 1817.36 points over the last trading day's close of 1844.54 points, losing 27.18 points.

The BSE-200 and Dollex indices also declined by 06.86 and 03.05 points to 412.48 and 172.85 points as compared to yesterday's close of 419.34 and 175.90 points respectively.

FIIs bought a considerable amount of Castrol India, ICICI, and Hindustan Lever shares. Another broker said UTI injected a huge amount of shares into the market, and that was another reason for the fall in the equity prices.

UNI