The Bombay Stock Exchange Sensex posted higher volumes compared to Monday with the Sensex losing 33.46 points over the previous close of 3468.29.
The index opened at 3461.71, touched an intra-day high of 3461.71 and a low of 3411.78 and closed at 3434.83.
The total traded volume of the stock was Rs 356.81 crore with the A group stocks chipping in Rs 301.82 crore, B1 and B2 group stocks witnessing trading in stocks worth Rs 35.98 crore and Rs 18.90 crore respectively.
The National Stock Exchange (NSE) witnessed a downtrend and major pivotals suffered a setback. The NSE-50 Index opened at a high of 1015, before touching a low of 997 closing at 1001, losing 13 points over the previous close of 1014. The net traded value of stocks was Rs 742.14 crore with 428.24 lakh shares changing hands.
A source at a leading institutional brokerage said: The market is heading nowhere. There is hardly any activity as the retail money is being absorbed by the debt segment. We did witness some arbitrage on the GDR front. The prices of major pivotals are depressed because FIIs are buying GDRs and selling them here. The active counters due to FII activities included B1 group stocks like Bhel, Otis Elevators, ABB, Oriental Bank of Commerce, ICI and Madras Cement.
