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Clinton fever does not do much for the
sensex
Mumbai: Despite equities remaining depressed as bulls unloaded their long positions,
the BSE sensex moved up a marginal 31 points to close at 5,133 points. It was obvious that
the March year end considerations held sway over the sentiments of the market.
Once again, the declines far outstripped the advances. As many as 798 scrips moved up
while 1,101 scrips declined in today's trading on the BSE. Obviously, the Clinton visit to
India did not have much of an effect on the markets.
On the NSE the index closed at 1,556.60, marginally lower than its previous close.
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Satyam
shares lose shine on 5:1 stock split
Mumbai: Satyam Computers, one of the country's leading software companies, today
announced a split of its shares of face value Rs. 10 each, into five shares of face value
Rs. 2 each. While the markets welcomed this move on part of the company to improve the
liquidity of its shares in the bourses through a stock split, the share prices did not
pick up as anticipated and the scrip closed at Rs. 4,833 on the NSE, much lower than its
earlier close.
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