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Sensex plummets 75 points

Reflecting the bearish phase, the BSE Sensex opened at 3352.06, touched the day's high of 3355.22 points, and fell sharply below 3300 mark to touch day's low of 3272.18 points and finally closed at 3276.21 points, showing a net loss of 75 points over Friday's close of 3351.21 points.

The BSE-100 index fell by 31.37 points to 1429.02 points over the previous close of 1460.39 points. The BSE-200 and Dollex indices closed lower by 7.26 and 2.55 points to 319.85 and 138.42 points as against the previous close of 327.01 and 140.97 points respectively.

According to marketmen, the only counter of ACC attracted FII to make purchases during the day whereas most of prime counters suffered speculative selling pressure. Being the last day of trading cycle on the National Stock Exchange, most of the market players were busy squaring up their positions, they said.

The lower badla rates also could not have any effect on the market sentiments and share prices witnessed retreat, a leading BSE broker said.

Meanwhile, the total turnover on the BSE reported during the day was Rs 6.25 billion.

Tobacco giant ITC continued in the top place by registering highest turnover of Rs 1.2 billion, followed by State Bank of India Rs 800.1 million, Castrol Rs 689.8 million, Reliance Rs 631.7 million and Tata Tea Rs 506.1 million.

Hectic activity was witnessed at the other counters like ACC Rs 311.4 million, TELCO Rs 228.7 million, MTNL Rs 177.9 million, Bajaj Auto Rs 159 million, TISCO Rs 104.3 million, L and T Rs 95 million, Hind Lever Rs 88.4 million, HDFC Rs 85.3 million, BHEL Rs 75.4 million and BPL Rs 72.9 million.

Good transactions were reported in B1 counters like Corporation Bank, LML, Carr Aircon, Satyam Comp, Thiru Aroora, Aptech, Bata, Bank of Baroda, Kirl Oil Engg, Dig Equip, Reliance Pet, Cipla, Pentafour, Cyanamid and Madras Cement.

UNI