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Dim Diwali at NSE; Nifty 831.25

Pivotals declined marginally on the National Stock Exchange on the first day of 'Samvat 2055' at a special moorat trading session on Monday.

Reflecting the weak trend, the S&P CNX Nifty opened at 839.70, touched the day's high of 840.00, low of 830.25 and finally ended lower at 831.25 points, showing a net loss of 8.25 points over the previous close of 839.50 points.

The CNX Nifty Junior came down by 16.10 points at 1406.75 points from the previous close of 1422.85 points.

S&P CNX Defty closed lower by 6.75 points at 680.70 from the Friday's close of 687.45 points.

S&P CNX-500 and CNX Midcap 200 dropped by 5.57 and 5.56 points to 572.79 and 503.43 points against the previous close of 578.36 and 508.99 points respectively.

Commenting on the moorat trading and subdued trend, NSE managing director Dr R H Patil said the market witnessed dull trading mainly due to uncertainty prevailing in the market for quiet some time.

Also, the fact that Tuesday is the last day of settlement, seems to have prevented market participants from long-term positions.

However, Patil was hopeful of improvement in the trends in a couple of days.

Total turnover on the NSE reported during the session was Rs 4.59 billion from 18.63 million shares in 75,271 trades. Value of debentures traded stood at Rs 2.09 million.

More than 275 stocks advanced while 410 declined and 56 remained unchanged on the Diwali day. Nearly 30 securities hit their price bands.

Satyam Computers stood first in the list of turnover by registering the highest turnover of Rs 897.9 million, followed by ITC Rs 761 million, Pentafour Software Rs 358.2 million, Zee Telefilms Rs 352.9 million and HCL-HP Rs 325.9 million.

Other actively traded counters were SBI New (Rs 246 million), Reliance (Rs 225.4 million), Telco (Rs 139.5 million), Digital Equipment (Rs 119.9 million), Infosys Technologies (Rs 105.4 million), Castrol (Rs 88.8 million), Tata (Rs 73.8 million), Hindustan Lever (Rs 73.7 million), BHEL (Rs 71.7 million), MTNL (Rs 66.8 million), ACC (Rs 57.7 million), Dr Reddy's (Rs 41.1 million), L&T (Rs 35.5 million), Sterlite (Rs 35.2 million), NIIT (Rs 27.5 million), Lead Sys (Rs 26.8 million), Tisco (Rs 25.8 million), Bajaj Auto (Rs 25.6 million), Raymond (Rs 21.9 million) and Silverline (Rs 21.8 million).

Among the top gainers, GE Shipping Rs 18.95 (18.65), BHEL Rs 231.25 (227.85), M&M Rs 156.45 (Rs 155.15), ICICI Rs 42.40 (Rs 42.30) and Hindustan Lever (Rs 1708.60).

Among the losers, Telco was Rs 98.50 (Rs 103.85), Cochin Refeneries Rs 145.45 (Rs 150.70), MTNL Rs 145.50 (Rs 150.70), Gujarat Ambuja Cement Rs 186.05 (Rs 191.60) and Oriental Bank Rs 38.10 (Rs 39.15).

UNI

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