MUMBAI, February 4: The Bombay Stock Exchange reacted strongly to news of a Gulf war. The Sensex fell 80 points during the day before recovering to a close of 3319.19 points, recording a loss of 35.69 points over Tuesday's close.The BSE Sensitive Index dropped from the intra-day high of 3394.93 points to 3312.01 before finishing at 3319.19 as compared to the previous level of 3354.88. The BSE-100 Index lost 19.67 points to 1435.16 against the previous level of 1454.83.
Brokers said the sentiment was better during the morning trades on speculative support following the start of new account on the National Stock Exchange (NSE). But share prices turned weak subsequently on absence of fresh buying.
Tobacco giant ITC registered highest turnover of Rs 293.30 crore, followed by Castrol at Rs 114.58 crore, Tata Tea at Rs 102.55 crore, State Bank at Rs 102.00 crore and Telco at Rs 59.17 crore.
On the NSE, pivotals registered early gains, but lost ground towards the end of the trading session followingspeculative selling pressure. Reflecting the trend, NSE-50 opened at 975.90, touched the day's high of 988.40 and fell sharply to touch the day's low of 964.45 and finally ended at 967.95 showing a net loss of 7.30 points as against the previous close of 975.25.
Similarly, NSE's Defty closed lower by 5.45 points to 866.40 as against the previous close of 871.85, while Midcap index drifted lower by 8.35 points to close at 1092.25 points over the previous close of 1100.60. The total turnover during the day was Rs 1,518.43 crore.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
