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|February 17, 1999||
FIs sell Tata group shares, FIIs buy IPCL, L&T; political uncertainty affects Sensex, down eight points to 3336.42
Off-loading by public financial institutions led the Sensex of the Bombay Stock Exchange to dip below the 3300-mark, but renewed buying interest from foreign institutional investors before the fag end lifted the key index above the level today.
The benchmark BSE-30 Sensitive Index opened at 3342, witnessed a high of 3366.55, fell to the day's low of 3280.68 and finally ended at 3336.42, showing a net loss of 8.26 points.
Marketmen said that the institutions led by the Unit Trust of India pressed sales in Telco, Tisco, Tata Tea and Reliance. FIIs bought IPCL and Larsen & Toubro. There was speculative buying in the current market favourites like Pentafour Software, Satyam Computers and Zee Telefilms.
Satyam Computers ended at Rs 909, IPCL at Rs 1150 and Pentafour Software at Rs 939.
The fluid political situation in the capital also affected the sentiment, said marketmen.
Reflecting the trend, the BSE-100 index ended 0.83 points lower at 1477.59.
However, the BSE-200 and Dollex indices closed at 342.23 and 134.10, showing a net increase of a marginal 0.55 and 0.22 points respectively.
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