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Sensex plunges 69.47 points

The bull operators who had long-term positions in view of 'high budget expectations' are pressing sales in the index-based scrips. Today being the last day of settlement on the National Stock Exchange also forced the players to square off their positions, leading BSE broker said and added that besides, this, the FIIs also sold heavily at select counters.

The market displayed nervous mood in view of hike in petrol prices, could not settle down even after the government's decision to reduce the hike by Rs 3 per litre, marketmen said. Tobacco giant ITC, Bajaj Auto, Reliance, Telco, Tisco and Hind Lever registered heavy losses.

Mirroring the bearish trend, the BSE Sensitive index opened at 3634.23 points, touched the day's high of 3646.36 points, fell below the psychological barrier of 3600 mark and touched the day's low of 3540.61 points and finally ended at 3573.21 points, showing a net loss of 69.47 points as against the previous close of 3642.68 points.

Hindalco scrip registered a handsome gain of Rs 32 to Rs 670 despite the depressed market conditions. Tisco scrip which flucutated widely closed marginally higher against previous close.

The BSE-100 index fell down by 33.52 points to 1594.48 points against the previous close of 1628.00 points. The BSE-200 and Dollex indices closed lower by 9.89 and 3.97 points to 365.22 and 145.47 points as against the previous close of 375.11 and 149.44 points respectively.

The total turnover reported during the day was Rs 1695.14 million. Out of 7030 listed scrips 1298 were traded. Number of trades stood at 164,709. ITC displayed highest business volume of Rs 3.9 bmillion, followed by Satyam Computer and Reliance Rs 1.9 billion, BPL Rs 807 million, Tisco Rs 759.4 million, State Bank of India Rs 740.1 million, Videocon Int Rs 547.8 million, Sterlite Rs 434.5 million, ACC Rs 389.6 million, Telco Rs 356.7 million, L and T Rs 285.4 million, Hind Lever Rs 227 million, Castrol Ind Rs 261.7 million and Zee Telefilm Rs 251.9 million.

Hectic activity was observed in the B1 groups at the counters led by BFL Software, Silverline, DSQ Soft, Wipro, Reliance Pet, Rolta Ind, Tata Infotec, Software Sol, Kirl Oil Eng, HCL Infosys, RS Soft, Indian Alum, Hoetch, Lupin Lab and Kebs Bioche.

UNI