COMMENTARY
INTERVIEW
SPECIALS
CHAT
ARCHIVES

Nervous FII, brokers push Nifty down

Speculatives suffered a setback on heavy offloading by the financial institutions and bull operators, both anxious about the political developments in New Delhi, the crash in East Asia, and the rupee's fall, on the National Stock Exchange today.

The Nifty opened nearly steady at 1005.70 points, touched a high of 1010.65 points, low of 979.75 points, before closing down to 981.25 points, suffering a loss of 24.50 points as against the previous close of 1005.75 points.

The Midcap Index finished at 1129.70 points losing 22.30 points over last Friday's close of 1152.00 points. The total turnover on the exchange was Rs 16.8 billion involving 55.1 million shares.

The volume of the business was led by ITC with Rs 9.6 billion followed by SBI-N Rs 1.7 billion, RIL Rs 1.4 billion, Tata Tea Rs 909.7 million, TELCO Rs 396.8 million, TISCO Rs 312.5 million, Hind Lever Rs 309.9 million, Castrol Rs 273.5 million, ACC Rs 210.9 million, Satyam Comp Rs 140.9 million, Bajaj Auto Rs 132.5 million, MTNL Rs 129.5 million, Infosys Tech Rs 88.3 million, L and T Rs 85.2 million, BHEL Rs 83.7 million, Ranbaxy Rs 75.6 million, Softsolint Rs 70.4 million, HPCL Rs 61.1 million, LML Rs 58 million, Hero Honda Rs 47.7 million, BSES Rs 43.6 million, ICICI Rs 38 million, Colgate Rs 33.5 million, NIIT 23.7 million and Siemens Rs 23.5 million.

The top gainers were Indian Hotels, Cochin Ref, HDFC, TVS Suzuki and losers were TISCO, SBI-N, Andhra Valley, Essar Guj and BSES.

UNI