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Pivotals plunge after early rise, Nifty 964.35

Pivotals, after initial buoyancy, declined gradually during the course of the day on selling pressure by bull operators at the National Stock Exchange.

Mirroring the subdued trend, the NSE-50 or Nifty opened higher at 980.30, rose to the day's high of 991.70 points, touched the low of 959.40 points before closing lower by 15.80 points to 964.35 points from 980.15 of the previous day.

The dollar NSE-50 also slid by 14.20 points to 784.55 points from 798.75 points.

The Midcap index drifted lower by 2.90 points to 1421.55 points from 1424.45 points.

The total turnover, involving 57.07 million shares in 1,92,269 trades, was Rs 14.87 billion and the debenture turnover was Rs 1.3 million. 51 securities have hit their price bands today. 425 scrips advanced, 502 declined and 98 remained unchanged.

Foreign institutional investors purchased shares for Rs 226.2 million and sold Rs 98.70 million, indicating inflow of Rs 127.40 million. Domestic financial institutions and mutual funds' purchases were higher at Rs 152.02 million today against their sales for Rs 48.59 million and the net value was Rs 103.43 million.

Tobacco giant ITC recorded the highest turnover of Rs 3.73 billion, followed by Satyam Computers (Rs 2.51 billion), SBI (Rs 1.96 billion), Reliance (Rs 898.5 million), Pentafour Software (Rs 662.4 million), Tata Tea (Rs 569.8 million), Infosys (Rs 329.5 million),L&T (Rs 323.9 million), ACC (Rs 309.9 million), Castrol (Rs 262.3 million), Telco (Rs 204.8 million), Zee Telefilms (Rs 193.8 million), Tisco (Rs 187.4 million).

The other actively traded counters were: Hindustan Lever (Rs 155 million), BFL Software (Rs 126.4 million), Silverline (Rs 120.7 million), Bajaj Auto (Rs 116.6 million), Square D Software (Rs 103.8 million), LML (Rs 102.1 million), Dr Reddy's (Rs 94.6 million), BSES (Rs 94.5 million), Novartis (Rs 94.2 million), Bank of Baroda (Rs 73.9 million), NIIT (Rs 71.2 million) and BHEL (Rs 69.7 million).

Thermax registered the highest gain of 7.91 per cent to Rs 159, followed by HDFC Bank 6.18 per cent to Rs 67.05, Indogulf 4.29 per cent to Rs 32.85 , East India Hotels 4.18 per cent to Rs 228.15 and Ranbaxy by 3.88 per cent to Rs 604.05.

SBI suffered the highest loss of 4.76 per cent to Rs 217.05, TVS Suzuki 4.63 per cent to Rs 459.70, Telco 4.31 per cent to Rs 168.60, MTNL 3.72 per cent to Rs 198 and L&T 3.51 per cent to Rs 232.25.

UNI