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Cautious trading pushes Sensex down a bit, to 2804.03

The stock markets remained cautious over the fallout of state assembly poll results on the survival of the Atal Bihari Vajpayee government at the Centre.

As a result, nominal participation by domestic financial institutions and foreign institutional investors allowed the Sensex to fall marginally in trading on the Bombay Stock Exchange today.

The benchmark BSE-30 Sensitive Index fell by 6.63 points to end at 2804.03, from the previous close of 2810.66.

The Sensex opened at 2803.73 and witnessed an intra-day high and low of 2822.21 and 2790.32 respectively.

According to marketmen, the Unit Trust of India bought a good quantity of Telco and Tisco shares. Reports that UTI reserves in 32 schemes turning negative affected sentiment, the brokers said.

FIIs had a small presence in the market, they added.

Marketmen said players, particularly the FIIs, are adopting a wait-and-watch approach in view of the political uncertainty prevailing in the capital these days.

The BSE-100 ended the day at 1250.17 points, shedding 3.93 points. The BSE-200 and Dollex indices closed at 290.97 and 113.77 respectively, declining by 0.57 and 0.09 points respectively.

The total turnover on the BOLT network was Rs 9.87 billion from trading in 45.6 million shares.

Satyam Computer topped the turnover list with Rs 2.10 billion followed by ITC (Rs 1.36 billion), Pentafour (Rs 906.6 million), Reliance (Rs 653.7 million), SBI (Rs 605.1 million), Telco (Rs 485.9 million) and Zee Telefilms (Rs 424.3 million).

Other actively traded scrips were Tisco, Castrol, ACC, Tata Tea, MTNL, BHEL, L&T and Glaxo India.

UNI

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