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DSE index falls on bear hammering
UNITED NEWS OF INDIA
NEW DELHI, Jan 9: Share prices at the Delhi stock exchange continued to be under continuous pressure on bear hammerings as the Asian crisis worsened and the benchmark DSE index slipped to touch the 750 mark.Hectic and persistent selling of blue chips and index-linked scrips across the board pushed down share prices further at the exchange and all the stocks closed with widespread losses. The DSE sensitive index (base 1983) slipped by 17.94 points to close the week at 750.09 as against the previous closing of 768.03 points. Marketmen said with shares across Asia and even in the united states recording heavy losses, the domestic and foreign institutional investors both chose to adopt a cautious approach on India. Hero honda was the most prominent loser in the specified category crashing by Rs 56.85 to close the day at Rs 842.15 followed by ACC, which shed Rs 51 to close the day at Rs 1,280. Hindustan Lever shed Rs 15.75 at Rs 1,368.25 while MTNL lost Rs 14.50 to close the day at Rs 231.25. Other
losers in the category were Apollo Tyres, Arvind Mills, Asian Hotels, Bajaj Auto, BSES, Daewoo Motors, Escorts, Hindustan Motors, ICICI, ITC, L & T, LML, Reliance Industries, Smithkline Beecham, SBI, SAIL, Telco and Tisco. The only gainers in the category were Nestle India and ITC Hotels while Ranbaxy Laboratories was static at its previous closing rate.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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