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March 11, 1998

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BSE Sensitive Index

Sensex tumbles 46.16 points

The sensex dipped 46.16 points under steady selling pressure, and foreign institutional investors made fresh investments that reflected in the equity prices on the Bombay Stock Exchange today.

Bull operators sold Tisco heavily but company circles bought a good number of Sterlite shares, arresting the heavy fall in the sensex. It was observed that Calcutta-based operators were also buying up ITC shares, leading brokers said.

Reflecting the downtrend, the BSE sensitive index opened under overnight selling pressure and was quoted at 3791.11 points for some time but, during the intra-day trading, crashed by 100 points to 3691.2 points. It then recovered to closed at 3752.09 points, a drop of 46.16 points against the previous close of 3798.25 points.

The total turnover on the screen-based trading system was Rs 12.91 billion, involving 56.4 million shares in 1,30,605 trades. Out of 6,968 scrips a total number of 1,661 scrips were traded on the BOLT system.

In specified counters, ITC registered the highest turnover (Rs 3.89 billion), followed by Reliance (Rs 2.06 billion, Tata Tea (Rs 1.37 billion), SBI (Rs 988.7 million), Castrol Ind (571.3 million), Hind Lever (Rs 444.5 million), ACC (Rs 400.2 million), Bajaj Auto (Rs 388.9 million), Sterlite (Rs 291.7 million), Tisco (Rs 220.3 million), LML (Rs 152.7 million), Telco (Rs 148.9 million), MTNL (Rs 139 million) and L and T (Rs 78.8 million).

Good transaction was observed in the 'B1' counters by Aptech Ltd (Rs 27.7 million), CMC Limited (Rs 15.6 million), Reliance Pet (Rs 9.4 million), Tata Infotec (Rs 8.7 million), BFL Sofwr (Rs 8.1 million), KEC Enter (Rs 6.9 million), and Cipla (Rs 4.4 million).

UNI

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