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Home -> Finance -> Full Story
Equities move in narrow range in early BSE trading
Friday, June 14 2002 13:00 Hrs (IST)

Mumbai: Share values resumed on a barely steady note with the benchmark moving in a narrow range on the Bombay Stock Exchange (BSE) on June 14 following alternate bouts of buying and selling.

The BSE-30 share sensitive index opened hardly changed at 3,312.05 from June 13's close of 3,311.16 and was trapped in a limited breadth of 3,321.92 and 3,303.51 before being quoted at 3,311.70 at 10.40 am (IST).

Foreign Institutional Investors (FIIs) seemed to be reshuffling their portfolio by buying select key old-economy shares on the expense of selling some software counters. FIIs were reportedly net buyers worth Rs 117 crore and Rs 67 crore on June 11 and 12 respectively.

Software showed moderate decline on the back of weak Wall Street advices where the tech-heavy NASDAQ Composite Index and the Dow Jones Industrial Average dropped by nearly 22 points and 115 points respectively on June 13 night.

Low-priced second-rung stock continued their upward march on investment-cum- speculative buying.

PTI