Sensex slides to 11,835 on F

Mumbai, Apr 27 (UNI) The BSE Sensex today showed volatility on the last day of the future and options (F&O) expiry for this month while swinging 283.42 points from day's high of 12,086.91 to a low of 11,803.49, finally closing at 11,835 points.

The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) closed in the red, finally dropping by 103.51 points at 11,835.02 as compared to the previous close of 11,938 points.

The National Stock Exchange (NSE) S&P CNX Nifty index too swung 106 points from a high of 3,598.95 to a low of 3,492.75, and finally closed at 3,508 down by 47 points.

The combined turnover in cash and future markets at the BSE and NSE was highest today at Rs 81,817.86 crore as compared to yesterday's turnover of Rs 70,246 crore.

The turnover in the F&O market, too, was a record at Rs 60,433.75 crore as compared to Rs 56,340 crore yesterday.

Reliance Industries today announced the fourth quarter results showing a rise in profit by 9.2 per cent to 2,502 crore and their annual profit for financial year 2005-06 went up by 20 per cent to Rs 9,069 crore. The company declared cent per cent dividend.

Reliance scrip touched a new all-time high of Rs 1,011.65 per share but then came down and closed at Rs 997.95, with a gain of 1.97 per cent.

Earlier, the benchmark index of the BSE opened firm at 11,968 with a gap of 30 points and soon crossed the 12,000 mark. Sensex touched a high of 12,086 points this morning and traded above the 12,000 mark during the first four hours of trade.

Indian Oil Corporation today sold its 1.92 per cent out of 9.6 per cent equity holding in ONGC through bulk deal on the National Stock Exchange (NSE), comprising over 2.74 crore shares.

The deal was struck at Rs 1,340 per share amounting to Rs 3,669.73 crore for the 2,74,13,476 shares. ONGC scrip closed down by 5.92 per cent to Rs 1,303.45.

NTPC this morning had a block deal, too, of 1.01 crore shares on the BSE at Rs 130 per share. The scrip was down by 1.22 per cent to Rs 129.45 after rising to Rs 132.70 in day's trade.

Softer crude oil prices at USD 71.50 per barrel were encouraging for the markets before they slipped due to F&O expiry led volatility.

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