DSE REPORT
Stock prices on the Delhi Stock Exchange (DSE) suffered another setback to close lower yesterday following sustained selling by operators amidst absence of any worthwhile buying. Stockbrokers said in the wake of end of settlement, operators squared up positions in most of the heavyweighted stocks which mainly induced the sentiment. Due to the long weekend in view of Independence Day and Raksha Bandhan, players, including foreign investors were not interested in building up fresh positions. Alongwith the downtrend, the DSE sensitive index lost another 15.64 points at 907.26 points.
Stocks of automobile companies like Bajaj Auto, Tata Loco, LML, Escorts and Hero Honda faced massive offerings from operators and profit-takers and surrendered sizeable grounds. Stocks of public sector companies like IPCL and MTNL also reacted to selling pressure.
Shares of Reliance Industries, after showing some signs of recovery on increased buying by speculators, edged up to Rs 374.25 but revival of selling towards the close pulled down stock prices to Rs 369 before concluding at Rs 371.25 as compared to previous close of Rs 371.95.