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Home -> Finance -> Full Story
BSE opens on weak note on March 8
Friday, March 8 2002 11:23 Hrs (IST)

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









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