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December 30, 1997

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NSE-50 Index

NSE loses 20 points

Pivotal prices witnessed a gradual decline due to heavy bull liquidation and selling pressure from the general investors on the last day of settlement at the National Stock Exchange.

The NSE-50 index opened at 1078.75 points, touched the day's high of 1080.20 points, low of 1054.55, and closed at 1058.50 points. It suffered a net loss of 20.50 points as against its previous close at 1079.00.

Dollar NSE-50 index finished at 933.70 points losing 19.75 points over the last trading day's close of 953.45.

The midcap index settled down at 1166.00 points as compared to the last working day's close of 1179.00 points, losing 12.40 points.

The total turnover on the exchange was Rs 12.88 billion involving 4,737 million shares.

Hectic trading was witnessed at ITC (Rs 4.85 billion), Tata Tea (Rs 1.47 billion), SBIN (Rs 1.10 billion), Telco (Rs 1.03 billion), RIL (Rs 852.3 million), Castrol (Rs 472 million), ACC (Rs 346.5 million), Hind Lever (Rs 276.4 million), Tisco (Rs 234.2 million), L&T (Rs 229.2 million), MTNL (Rs 215.6 million), Bajaj Auto (Rs 201.6 million), Colgate (Rs 139.4 million), LML (Rs 123.1 million), BHEL (Rs 111.2 million), Glaxo (Rs 89.3 million), BPL (Rs 86.4 million), Corp Bank (Rs 50.3 million), HDFC (Rs 42.9 million), Infosystch (Rs 41.8 million), Smithklbech (Rs 40.7 million), Hero Honda (Rs 38.7 million), Oriental Bank (Rs 38.4 million), ICICI (Rs 35.5 million) and IPCL (Rs 35.4 million) counters.

The top gainers were Cochin Refin, Indo Gulf, G E Shipping, Ashok Leyland and Thermax. The losers included MTNL, MRPL, L&T, Rel Capital and Grasim.

UNI

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