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Market steady as FIIs, operators play safe; Sensex slides a tad to 4543.64

Share prices closed nearly steady at the Bombay Stock Exchange in the absence of buying interest from foreign institutional investors and major market players today.

According to marketmen, reportedly higher badla (badla=carry over charges) rates at Calcutta Stock Exchange coupled with selling spree by leading Indian financial institutions weakend market sentiments at the bourse.

The undercurrent of the market is still bullish in spite of border tension after shooting down of a Pakistani aircraft by the Indian Air Force in Gujarat on Tuesday. Major players, however, preferred to stay away from active buying, dealers said.

Reflecting the trend, the 30-share BSE Sensitive Index opened higher at 4583.68 points, touched the day's high of 4592.78 points, and closed at the day's low of 4553.64 as against the previous close of 4553.64 points, showing a minimum loss of 10 points or 0.21 per cent.

The broad-based BSE-100 index dropped marginally by 1.72 points to 2010.99 points from the previous close of 2012.71 points.

Major negotiated deals were reported at the counters like Delex Cement, Finolex Cables, Global Telesystems, German Remedies, Hindustan Lever, Pentafour Software, Tata Finance.

The share price of Global Telesystems, Infofys Technologies and Satyam Computers rose sharply on good buying support while entertainment giant Zee Telefilms, Reliance Industries and Pentafour Software declined considerably on selling pressure, dealers said.

The BSE-200 and Dollex indices closed slightly lower by 0.50 and 0.11 points at 459.62 and 176.04 from the previous close of 460.12 and 176.15 points.

UNI

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