Sensex loses ground
Mumbai:
The Sensex came under selling pressure as uncertainties about a
possible US attack on Afghanistan persisted. The provisional close for
the benchmark was at 2617.35, registering a drop of 34.43 points. The
NSE-50 too was down by 9.45 points at 859.6.
Except for a few select refinery and cement counters, most of the
other stocks were either down or were ruling unchanged. On the back of
falling international crude prices, HPCL jumped 7.62 per cent, while
Reliance Petroleum also gained appreciably.
Among the other gainers were Gujarat Ambuja, Dr Reddy's, Infosys, HDFC
and Telco, while losers were ICICI, Reliance, Bhel, L&T, Glaxo,
and ITC.
Key Old Economy shares, such as petrochemicals major Reliance
Industries lost some more ground and the scrip was down 2.2 per cent;
dragging the Sensex along.
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MFs
turn net buyers
Mumbai: For
the first time this year, mutual funds have turned net buyers of
equity. In the first three weeks of September, mutual funds made gross
purchases of Rs 753.52 crore as against sales of Rs 562.3 crore,
resulting into net purchases of Rs 191.22 crore.
The last time that mutual
funds were net buyers of equity was in December 2000, when they made
net purchases of Rs 11.2 crore.
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