Financial Daily from THE HINDU group of publications
Saturday, Jul 30, 2005
Financial Daily from THE HINDU group of publications Saturday, Jul 30, 2005 |
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Markets
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Stock Markets Sensex crosses 7700 Our Bureau
MUMBAI: Stock prices rose for another day pushing the BSE Sensex past 7700 in early trades, but selling in ONGC impacted the index. There was large-scale selling in mid- and small-cap stocks as most of the retail investors are exiting these stocks. The market opened weak in the first few minutes, mainly due to the fall in ONGC, but recovered later. The BSE Sensex even crossed the 7700-mark and touched the day's high of 7708.59 but slipped to close at 7635.42, up 30.39 points (0.40 percent). However, S&P CNX Nifty closed 6.8 points (0.29 per cent) lower at 2312.90. This was due to higher weightage of ONGC in Nifty compared to Sensex and fall in SAIL (not part of Sensex) stock price. F&O segment of NSE recorded the highest turnover of Rs 25,421 crore on the last day of settlement of July contracts.
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