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STOCKS - SENSEX DIVES BY 3.13% FOR SECOND CONSECUTIVE WEEK.

AsiaPulse News

| March 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, Feb 28 Asia Pulse - The sensex dived by another 3.13 per cent even as stocks staged a smart recovery on Friday on the Stock Exchange, Mumbai (BSE) in the week under review.

The BSE Benchmark 30-share Index that extended its losses for the second consecutive week, witnessed wide fluctuations in a range between 5875.23 and 5551.61 before ending the week at 5667.51 as against last weekend's close of 5850.72, a net fall of 183.21 points.

The sustained slide on bourses was largely attributed to heavy sell-off by retailers who also squared up positions in view of expiry of February contract in Futures and Options segment on Thursday, as well as a dramatic slow down by Foreign Institutional Investors (FIIs) during the week.

The federal government, however, warned market operators, including merchant bankers and some ...

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