Indian stocks marginally lower

Published June 13, 2002

MUMBAI, June 12: Share prices closed 0.5 per cent lower Wednesday on the Bombay Stock Exchange on moderate profit-taking after recent gains triggered by easing India-Pakistan tensions, dealers said.

The 30-share BSE sensitive index shed 18.01 points to close at 3,344.41.

Dealers said trading was largely lacklustre with low volumes and action was around key index heavy stocks. They said state owned and banking stocks were keenly sought.

It was a normal trading day after a long time with no news from the border front, said Sanjay Suratwala, dealer at Dalal and Broacha Stock Broking.

He said the market will move on stock specific news and any fresh development on the India-Pakistan front in the near term.—AFP

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