Sensex takes dip of 336.04 points

Mumbai, Oct: The Bombay Stock Exchange (BSE) sensitive index, after an initial jolt ignited by government's proposal to make changes in the Participatory Notes (PN's), today ended down by 336.04 points to settle at 18,715.82, as compared to previous close of 19051.86.

The market today started taking a steep dip of more than 1000 points at 18,037.90 as compared to the previous close on worries created by the news of government's proposal to make changeS in the PNs. It fell over 1700 points, touched low of 17,307.90, during the intra-day trade and latter made a smart recovery in late trade and hovered at loss of just 211 points before settling down by 336.04 points, dealers said.

The dealers maintained that the market recovered only after Union Finance Minister's comments that there was no proposal to ban participatory notes.

The broader based S&P CNX NSE Nifty index ended down 108.75 points, taking a dip of 1.92 per cent to 5,559.30 as compared to its previous close of 5,668.05. The Nifty index ended at the day's low at 5107.30 points.

BSE clocked a turnover of Rs 10,159 crore compared to the previous day's turnover of Rs 9,794.35 crore.

Turnover on BSE was at Rs 122.02 crore when trading was halted on the bourses during the opening trade. It was just Rs 48 crore on NSE by that time. NSE's futures&options segment had clocked a turnover of Rs 4347 crore at that time, dealers said.

Of the 30 shares of the Sensex, 5 had moved up, while the remaining were traded down.

UNI