Mumbai: The benchmark displayed a weak trend in a mixed pattern of trading at
opening on the Bombay Stock Exchange (BSE) on March 8 on alternate bouts of buying
and selling.
Dealers attributed the weakness to a negative turnaround on Wall Street where the
Dow Jones industrial average and the NASDAQ composite index both were declined by
48.92 points 8.77 points respectively after a smart rally for last couple of
days.
Reflecting the trend, the BSE-30 share sensitive index opened slightly better at
3692.61 and moved in a range between 3703.79 and 3670.34 before being quoted at
3668.18 at 10:45 hours (IST) on March 8 as against close of 3690.27 on March 7.
Second-rung stocks were in limelight on investment buying by operators.
New economy shares noticed a two-way movements on alternate bouts of buying and
selling.
Some strength was seen in media scrips on speculative buying.
A slow down by Foreign Institutional Investors activities also affected the
sentiment.
PTI