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Uncertainty leads to thin trading
Mumbai
: Uncertainty over new trading systems to be introduced by Sebi made the markets unstable, resulting in volatility in scrips in both the Bombay and National stock exchanges. But Sebi's postponement on its decision to ban deferral products brought in select buying in some counters.

While overall, the Sensex moved ahead by 30.22 points to 3544.81 at the close of the day from 3514.59 of the previous closing , profit booking saw stocks losing the gains they had made during the earlier part of the day.

The NSE's S&P CNX Nifty also moved in a similar trend and closed at 1139.2, up 9.15 points from its previous close.

Cement stocks like Gujarat Ambuja Cement, Grasim, L&T and ACC figured in the gainers list, moving up between two to three per cent.

Volumes are expected to stay thin in the market pending announcement of the new trading system.
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domain - B : Indian business : News Review : 8 May 2001 : capital market