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April 23, 1998

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BSE Sensitive Index

Sensex crashes again, down 87.21 points

Select equity prices crashed further on hectic selling pressure from bear operators and absence of foreign institutional investors on the Bombay Stock Exchange today.

The FIIs kept themselves away from the Indian capital market, and adopted the role of wait-and-watch till the budget presentation. However, the Unit Trust of India continued to be a seller, leading brokers said.

Reflecting the downtrend, the BSE Sensitive index (30 scrips) opened lower at 4161.31 points, touched day's of 4202.17 points and low of 4084.15 points before closing at 4092.23 points suffering net loss of 87.21 points as against the previous close of 4179.44 points.

The BSE National index finished at 1805.70 points over the last trading day's close of 1843.03 points, losing 37.33 points.

The BSE-200 and Dollex also declined by 09.41 and 03.67 points to 408.39 and 171.31 points as compared to yesterday's close of 417.80 and 175.08 points respectively.

The total turnover was Rs 11.8 billion involving 655 scrips in 155,269 trades. The maximum active users on the exchange were 1,972.

Reliance Industries Limited recorded the highest volume of Rs 1.5 billion followed by ITC Rs 1.2 billion, Satyam Comp Rs 641.3 million, SBI Rs 565.6 million, Castrol India Rs 502.8 million, LML Rs 390.4 million, ICICI Rs 390.2 million, Tata Tea Rs 389.9 million, Pentafour Rs 364 million, ACC Rs 307.2 million, Tisco Rs 218.8 million, Tata Chem Rs 218.7 million, Sterlite Rs 200.9 million, Telco Rs 190.9 million and Hind Lever Rs 160.2 million in specified counters.

Among other active scrips were Oswal Chem (Rs 75.1 million), DSQ Software (Rs 64.9 million), BFL Softwr (Rs 36 million), Oswal Agro (Rs 27 million), Wipro (Rs 25.1 million), Mico (Rs 23.4 million), Nat Alum Co (Rs 21.2 million), Software Sol (Rs 19.3 million), Silver Line (Rs 13.8 million), Aptech (Rs 13.1 million), Apollo Hosp (Rs 12 million) and IPCA Lab (Rs 11.5 million) at 'B1' counters.

UNI

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