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Equities suffer setback on BSE

MUMBAI OCT. 22. Led by HCL Technologies, equities suffered a sharp setback pushing the Sensex down by about 32 points at close on the Bombay Stock Exchange today on heavy selling pressure from operators as well as foreign institutional investors (FIIs).

Investors reacted negatively by pressing heavy sales in blue-chip counters following announcements of dismal Q2 working results by HCL Technologies, VSNL, PSI Data and a few other companies, brokers said.

The BSE benchmark 30-share Index which opened on an optimistic note and rose past the psychological 3000-barrier to the intra-day high at 3006.13, later fell back sharply ending at 2965.97 as against yesterday's close of 2998.01, netting a fall of 32.04 points or 1.07 per cent.

The broad-based BSE-100 Index dipped by 12.54 points to 1473.68. In the specified group, 110 including 20 index-based scrips registered sharp to moderate losses while 48 others finished with gains. The BSE-200 index and the dollex-200 were quoted sharply lower at 355.41 and 122.36 at close compared with previous close of 360.86 and 124.24 respectively.The BSE-500 index dipped by 15.81 points to 1059.60 from yesterday's close of 1075.41 and the dollex-30 finished lower at 503.53 from overnight close of 508.97.

— PTI

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