MUMBAI: The barometer 30-stock Bombay Stock Exchange (BSE) sensex dropped 28.68 points on 18 July from the 11 July level (3,676.26) to settle at 3,647.58. The S&P CNX NSE Nifty ended the day at 1,140 a drop of 21.65 points as compared to 1161.65 on 11 July.
Market observers say that the recent stock rally that saw the sensex gain 20 per cent seems to be over. During this week, FMCG companies and technology stocks took a beating even as volumes dropped considerably.
There was an announcement that the BSE 30-share sensex will go free float from 1 September in an effort to be in line with other global indices such as MSCI, Nasdaq-100, Dow Jones, FTSE amongst others. A press release says that the BSE will calculate the sensex's value using the free float methodology (that is proportion of total shares issued by the company that is actually available for trading) as against the full market capitalisation methodology used at present.
On 18 July, Zee Telefilms opened the day on the BSE at Rs 106.95; gained 1.68 per cent to end the day at Rs 108.75 as compared to Rs 104.30 on 11 July. The volume of shares traded was around 2.97 million shares. 
On the National Stock Exchange (NSE), the Zee scrip opened at Rs 106; gained 0.18 per cent to end the day at Rs 108.45; as compared to Rs 104.20 on 11 July. The volume of shares traded was around 5.46 million shares.
The Television Eighteen India scrip opened the day at Rs 92.00; dipped 1.30 per cent; ended the day at Rs 90.80 as compared to Rs 94.25 on the BSE on 11 July 2003. The volume of shares traded was 43,215. On the NSE, the scrip opened the day at Rs 92.30; dropped by 1.41 per cent to end the day at Rs 91 as compared to Rs 94.40 on 11 July. The volume of shares traded was 115,553.
On the BSE, the Balaji Telefilms scrip opened the day (18 July 2003) at Rs 65.05; and remained stable as compared to Rs 63.70 on 11 July. The volume traded was 158,131 shares.
On the NSE, the scrip opened the day at Rs 65.35; dropped 0.46 per cent to end the day at Rs 65.10; as compared to Rs 63.70 on 11 July. The volume of shares traded was 963,876 shares. 
Sri Adhikari Brothers Television Network (SABTNL) opened the day at Rs 72.10; dropped 1.60 per cent to end the day at Rs 70.95; as compared to Rs 76.10 on 11 July. On the NSE, the scrip opened the day at Rs 69.70; dropped 1.80 per cent and ended the day at Rs 71 as compared to Rs 76.10 on 11 July. The volume of shares traded was 57,416.
On the BSE, Cinevistaas' opened the day at Rs 30.45; dropped 3.12 per cent; ended the day at Rs 29.50; as compared to Rs 31.15 on 11 July. On the NSE, the scrip opened at Rs 31.35; dropped 1.48 per cent and ended at Rs 30 as compared to Rs 31.40 on 11 July.
Creative Eye opened the day at Rs 15.65; dropped 4.15 per cent to end the day at Rs 15 as compared to Rs 16 on 11 July on the BSE. On the NSE, the scrip opened the day at Rs 15.00; dropped 3.59 per cent to end the day at Rs 14.75 as compared to Rs 15.95 on 11 July.
The ETC Networks scrip opened the day at Rs 63.05; dropped 5.39 per cent to end the day at Rs 59.65 as compared to Rs 58.45 on 11 July. The volume of shares traded was 211,502. In its first week of trading on the NSE, the ETC Networks scrip opened at Rs 63.50; dropped 6.11 per cent and ended the day at Rs 59.95.