The Calcutta stock exchange witnessed a further downtrend in trading with equities suffering a setback yesterday, the first day of the new account.
The market continued to be bearish and buyers were cautious with no fresh commitments even at lower levels.
The 51-scrip CSE Index fell marginally by 1.17 points to close at 420.37 points. Senior ringside observers said prices of pivotals suffered mainly due to the selling pressure on the State Bank of India stock.
The SBI stock saw hectic activity. Its price fell further after opening lower at Rs 237.50 over the last close of Rs 240. It touched an intra-day high of Rs 238.50 and finally closed at Rs 231. The ITC scrip, which saw a steady price in the last few sessions, also traded hectic closeing lower at Rs 306. For the new account which started yesterday, the daily margin has been fixed at 15 per cent for both purchase and sale of specified list shares.
