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February 3, 1998

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BSE Sensitive Index

Sensex rises by 0.08 point

Share prices remained steady on the Bombay Stock Exchange following moderate buying support from foreign institutional investors and domestic institutional investors today.

Reflecting the trend, the BSE Sensex opened at 3360.40 points, touched the day's high of 3363.33 points, fell shaply to touch day's low of 3326.17 points, and later recovered smartly to close at 3354.88 points, showing a small gain of 0.08 point over the previous close of 3354.88 points.

Leading BSE brokers said that the FIIs made purchases at the counters of Bajaj Auto and TELCO while the leading domestic institutional investor UnTt trust of India also bought shares of Reliance and ITC.

The broadbased BSE-100 index declined marginally by 3.69 points to 3354.88 points as against the previous clsoe of 3354.80 points. The BSE-200 and Dollex indices closed at 323.24 and 138.63 points as against the previous close of 324.31 and 139.27 points respectively.

The total turnover on the BSE reported during the day was Rs 9.3 billion.

ITC topped the list by registering highest turnover of Rs 3 billion, followed by Tata Tea Rs 1.1 billion, Reliance Rs 843.8 million, Castrol Rs 718.7 million and SBI Rs 658.7 million.

Hectic acvitity was observed at the other counters like TELCO Rs 394.5 million, Bajaj Auto Rs 369.8 million, MTNL Rs 235.1 million, Hind Lever Rs 232.4 million, Glaxo India Rs 178.2 million, ACC Rs 106.7 million, TISCO Rs 80 million, L and T Rs 76.4 million, HDFC Rs 70.9 million and BHEL Rs 6.57 million.

Good transactions were reported at the counters in B1 group namely in Corporation, NIIT, HDFC Bank, Cipla, Kesorsam, VSNL, Moerpen Lab, Cummins, Lakshmi Mach, Sundaram Fast, ICICI Ba Cor, Aptech, Ingersoll, LML and Rel Pet.

UNI

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