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Share prices display mixed trend at opening session
Tuesday, October 21 2003 11:12 Hrs (IST)

Mumbai: Share prices exhibited a mixed pattern of trading on alternate bouts of buying and selling at opening session on the Bombay Stock Exchange (BSE) on October 21.

The BSE-30 share sensitive index opened higher at 4,868.00 as against October 20 close of 4,851.67 and gyrated in a range between 4,880.66 and 4,835.76 before being quoted at 4,845.42 at 10.30 am (IST).

Index-based shares like SBI, Telco, Tisco, Grasim, HPCL, Infosys Tech and Bajaj Auto were quoted remarkably higher while HLL, HDFC, L&T, Ranbaxy and Hero Honda suffered a moderate setback on selling.

Battered Public Sector Undertakings (PSUs) counters like IOC, BPCL, HPCL, IBP, SCI and few others recovered on good buying support at lower levels.

Reports of heavy selling by Foreign Institutional Investors (FIIs) in the derivative segment also cautioned operators and forced them to book profit in high priced shares, a dealer said.

Most of the software shares also declined despite firm advices from Wall Street. The Dow Jones Industrial Average and the Nasdaq Composite Index rose by 56.15 and 12.78 points on October 20 night.

Among major losers, HMT was quoted down by 4.88 per cent, Titan by 3.27 per cent, HFCL by 3.25 per cent, IDBI by 3.14 per cent, Trent by 3.06 per cent, Videocon Int by 3.05 per cent, Indian Rayon by 2.82 per cent, Aurobindo Ph by 2.75 per cent and Mphasis BFL by 2.36 per cent.

However, BoB firmed up by 4.17 per cent, SCI by 3.52 per cent, IOC by 2.48 per cent, Thermax by 2.18 per cent and BoI by 2.02 per cent.

PTI



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