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NSE loses ground

Pivotals suffered a moderate setback in a relatively subdued trading on the National Stock Exchange.

Reflecting the trend the NSE-50 and the dollar NSE-50 indices fell by 9.45 points each to 1,164.35 points and 1,015.25 as against the previous close of 1,173.80 and 1,024.70 points respectively.

Similarly, the midcap index lost 17.90 points to 1,601.30 points as compared to the 1,619.20 point-close of the last working day.

One hundred and nineteen securities hit their price bands today. The total turnover stood at Rs 11.70 billion. Debentures traded for Rs 3.20 billion. The total traded quantity was 60.3 million. The number of tradings stood at 182,682.

Among the securities which witnessed hectic activity were Reliance (2.34 billion), ITC (1.42 billion), Sbin (839.8 million) Satyam Com (573.5 million), ACC (485.6 million), Glaxo (333 million), Castrol (308.9 million), Tisco (304.2 million), Pentsfware (296.6 million), Tata Tea (296.2 million), Hind Lever (249.8 million), ICICI (247.9 million) and LML (232.6 million).

Other counters which had active trading were BPL (199.4 million), Sterlite (190.7 million), Dr Reddy (177.9 million), Telco (146.2 million), BHEL (109.6 million), Wartdeisel (106.2 million), Infosystch (98.7 million), BSES (98.2 million), Bflsoftwar (86.2 million), L and T (85.5 million), MTNL (82.5 million) and Tata Chem (79.8 million).

Reliance petro topped the gainer's list with 3.30 per cent increase, followed by Andra Vally (1.84 per cent), G E Shipping (1.43), Hindalco (0.98 per cent) and ACC (0. 81 per cent).

Among the losers, Asian Paints topped the list (3.97 per cent), followed by Tata Chem (3.81 per cent), IPCL (3.11), Glaxo (2.98) and Thermax (2.79).

The wholesale debt market witnessed trading worth Rs 7.44 billion.

The zero coupon government bond maturing in 2000 was traded at a weighted yield of 10.09 per cent for Rs 750 million.

The 11.10 per cent govt stock maturing in 2003 was traded for Rs 890 million at a weighted yield of 11 per cent.

The 11.75 per cent govt loan maturing in 2006 was traded for Rs 1.15 million at a weighted yield of 11.61 per cent.

The 13.05 per cent govt loan maturing in 2007 was traded for Rs 700 million at a weighted yield of 11.70 per cent.

UNI