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Journalism of Courage
MUMBAI, Feb 5: Brokers said barring select scrips from the infotech and pharma sectors, there was hardly any buying support from operators. The market witnessed a subdued trend due to continuous decline in index-based stocks for the last couple of days. FIIs too had slowed down their purchases and stepped up sales in several counters forcing speculators to fall in line. Though FIIs were reportedly buyers in some pharmaceutical and software scrips, their net sale position in the last couple of days discouraged bulls to take up fresh positions.
The volume of business was sharply up at Rs 1475.10 crore compared to yesterday’s turnover of Rs 1318.75 crore. Pentafour Software retained its leadership position clocking the highest turnover of Rs 297.77 crore followed by Satyam Computer Rs 131.76 crore, ITC Rs 130.15 crore, Infosys Rs 59.38 crore and Tata Tea Rs 54.58 crore.
Pentafour Software lost another Rs 12.50 at Rs 839, Satyam Computer Rs 6.75 at Rs 860.25, Hindustan Lever Rs 14.75 at Rs 1871.50, RelianceRs 3.60 at Rs 121.90, SBI Rs 3 at Rs 152, Tata Tea Rs 6.75 at Rs 369.25 and TELCO Rs 5.80 at Rs 187.80. However, Infosys Tech spurted by Rs 365.50 to Rs 4975, ITC by Rs 2 to Rs 817.50 and TISCO by Rs 1.30 to Rs 118.40.
On the National Stock Exchange (NSE), pivotals declined further on sustained selling by foreign institutional investors (FIIs) as well as domestic funds. S&P CNX Nifty dropped by 3.40 to end at 936.30 from the previous close of 939.70. The total turnover was at Rs 2,086.46 crore.
The market witnessed 411 shares advance, 577 shares fall and 96 hold steady. 54 securities had touched their price band.
