Uncertainty leads
to thin trading
Mumbai: Uncertainty over
new trading systems to be introduced by Sebi made the markets unstable, resulting in
volatility in scrips in both the Bombay and National stock exchanges. But Sebi's
postponement on its decision to ban deferral products brought in select buying in some
counters.
While
overall, the Sensex moved ahead by 30.22 points to 3544.81 at the close of the day from
3514.59 of the previous closing , profit booking saw stocks losing the gains they had made
during the earlier part of the day.
The NSE's S&P CNX
Nifty also moved in a similar trend and closed at 1139.2, up 9.15 points from its previous
close.
Cement stocks like Gujarat
Ambuja Cement, Grasim, L&T and ACC figured in the gainers list, moving up between two
to three per cent.
Volumes are expected to
stay thin in the market pending announcement of the new trading system.
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