Business   

SCSL helps mitigate sell-off on BSE

MUMBAI APRIL 24. Satyam Computer (SCSL), which announced its fourth quarter results today, helped in a long way to mitigate intense sell-off in old economy heavyweights but the Sensex ended in the negative territory for the third day in a row on the Bombay Stock Exchange here.

Operators, who had built up positions in blue chip counters, pressed heavy sales in a bid to square up their holdings during the last session of futures contract of April series, brokers said. Had it not been for satisfactory Q4 results announced by IT major Satyam, which were in keen demand throughout, the BSE barometer would have suffered a sharp setback, they added.

The BSE benchmark 30-share index opened moderately up at 2951.09 and thereafter, fluctuated irregularly in a range between 2973.03 and 2932.34 on alternate bouts of buying and selling before ending at 2937.23 against yesterday's close of 2947.33, a net loss of 10.10 points. The broad-based BSE-100 index eased to 1461.63 from 1467.22.

PTI

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Flat growth in Satyam Q4 profit
• Crude prices to remain volatile
• SCSL helps mitigate sell-off on BSE
• Raymond announces 45 p.c.
• SCBs, PDs allowed to deal in interest rate derivatives
• MS launches Windows Server 2003
• Further changes in Tea Control Order
• World economy on mend but many dangers — OECD
• Linux Supercomputer installed
• Stock Market Index
• Exchange rates
• Bullion rates
• Sun Micro falicitates Infosys
• Godrej & Boyce becomes holding co.
• Grasim revises L & T open offer schedule
• Colour Chem open offer for VDCL
• Gartner recognition for Novell
• IRCTC opts for Oracle suite
• Marriott opens office in India
• CBay Systems closes $2.5m CD issue
• BHEL thermal sets achieve record PLF

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu