The Hindu : Early gains not held on BSE

Online edition of India's National Newspaper
Friday, Jul 05, 2002

Business

Business

Early gains not held on BSE

MUMBAI JULY 4. Equities lost early gains and select key stocks finished with moderate losses but the Sensex remained in positive territory at close on the Bombay Stock Exchange today.

Late selling pressure from public investors which were believed to be booking profits at higher levels, not only trimmed gains in heavyweights such as Grasim, HLL, HPCL, L&T, Infosys, MTNL, RIL, Satyam and Zee Telefilms but also pushed many of them into losses.

The Sensex, however, derived strength from handsome gains in ITC, Bajaj Auto, BHEL, Tisco and Telco which were in demand from speculators and foreign institutional investors.

The BSE benchmark 30-share index opened remarkably up at 3322.31 and later fluctuated in an extremely narrow range of 3337.69 and 3313.74 before ending at 3316.77 as against yesterday's close of 3310.19, netting a modest rise of 6.58 points.

The broad-based BSE-100 index edged up fractionally by one point to 1673.41 from the previous close of 1672.41.

— PTI

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