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Lack of buying support pushes pivotals down; Nifty down over 27 points, 849.80

Pivotals witnessed a downslide on lack of buying support from institutions and bull operators on the National Stock Exchange in Bombay today.

S&P CNX Nifty index closed at 849.80 points suffering a loss of 27.65 points as against the previous close of 877.45 points.

CNX Nifty Junior finished at 1475.35 points, decreasing 42.3 points over Thursday's close of 1517.65 points.

S&P CNX Defty settled down at 692.25 points losing 22.85 points as compared to previous close of 715.10 points. S&P CNX 500 closed at 587.43 points over the previous close of 601.35 points, losing 13.92 points and CNX Midcap 200 declined by 12.42 points to 520.64 points over the previous close of 533.06 points.

The total traded value was Rs 14.02 billion involving 59.01 Million shares in 203,959 trades. The debentures traded value was Rs 1.57 million.

There were 278 advances, 648 declines and 81 remained unchanged. 55 securities have hit their price bands.

The foreign institutional investment declined further as they were sold worth Rs 331.02 million and bought at Rs 38.86 million of shares. However, financial institution/mutual funds invested worth of Rs 130.66 million and sold Rs 74.08 million shares.

The top gainers were ABB rose to Rs 460.30 from Rs 449.60 and Pond's India hardened to Rs 1190.40 from Rs 1187.10. Among the losers G E Shipping fell to Rs 23.20 from Rs 25.15, Grasim to Rs 159.60 from Rs 172.30, BPCL to Rs 253.90 from Rs 273.75, MTNL to Rs 194.90 from Rs 209.60, HDFC Bank Rs 56.30 from Rs 60.50.

ITC recorded highest turnover of Rs 4.09 billion followed by Satyam Computer Rs 1.95 billion, RIL Rs 956.7 billion, Pentafour Software Rs 842 million, SBI Rs 703.8 million, Zee Telefilms Rs 421.7 million, Tata Tea Rs 397.6 million, MTNL Rs 374.5 million, Silverline Rs 278.2 million, Rolta Rs 272.9 million, ACC Rs 253.1 million, L&T Rs 248.6 million, Dr Reddy's Rs 226.5 million, Hindustan Lever Rs 211 million, BFL Software Rs 192.2 million, Castrol Rs 188.9 million, HCL-HP Rs 170.4 million, Telco Rs 166.2 million, Infosys Tech Rs 146.4 million, BHEL Rs 126.8 million, Tisco Rs 82.9 million, Bajaj Auto Rs 81.9 million, Colgate Rs 72.2 million, Gujarat Ambuja Cement Rs 68.2 million, BPCL Rs 56.9 million.

The wholesale debt market of NSE witnessed trades worth Rs 1.74 billion.

UNI