Our Bureau

Mumbai, Oct. 28

STOCK prices continued to reel under bearish sentiment with BSE Sensex moving down by another 100 points on Friday even as mutual funds continue to remain net buyers this month. However, FIIs are net sellers this month.

Mixed corporate results and weak global markets are also impacting the domestic equity market.

This month, mutual funds have been net buyers in equities to the tune of Rs 2,500 crore while FIIs are net sellers of equities valued at Rs 3,476 crore.

In today's trading, stock prices opened weak in the morning and continued to fall as the day progressed. Telecom major Vodafone taking 10 per cent stake in Bharti Tele-Ventures also failed to enthuse the market.

At close, the BSE Sensex was down by 112.85 points (1.45 per cent) at 7,685.64 and NSE's S&P CNX Nifty was down 36.85 points (1.57 per cent) at 2,316.05.

Brokers said the mood in the market is subdued in the wake of mixed corporate results and weakness in international markets.

(This article was published in the Business Line print edition dated October 29, 2005)
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