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Nifty down by 6.9 points

Pivotals opened on a positive note, gained initially, but drifted lower at the end of trading following speculative selling by institutional investors as well as common investors, on the National Stock Exchange today.

Mirroring the downtrend, the NSE-50 index slid by 6.90 points to close at 1027 points from 1033.90 points the previous day. The Dollar NSE-50 (Defty) index also lost 5.50 points to 851.70 as against 857.20 points of last working day. The Midcap index declined by 8.55 points to 1515.75 from the previous day's close of 1524.30 points.

The total turnover in 205,756 trades involving Rs 66.6 million shares was Rs 16.4 billion as 71 securities hit their price bands today, 492 shares advanced, 475 declined, while 85 remained unchanged in the market today.

ITC continuted to witness hectic activity registering the highest turnover of Rs 2.7 billion, followed by Satyam Comp Rs 2.6 billion, SBI-N Rs 1.4 billion, Reliance Rs 980.5 million, BPL Rs 904.1 million, Tisco Rs 680.1 million, Zee Tele Rs 578.7 million, Pentsfware Rs 534.3 million, Tata Tea Rs 476.4 million, BFL Software Rs 467.8 million, Telco Rs 441.7 million, Castrol Rs 414 million and Videocon Int Rs 401.5 million.

The other actively traded counters included sterlite Rs 34.96 million, ACC Rs 332.9 million, Silverline Rs 239.3 million, L&T Rs 200.8 million, ICICI Rs 195.6 million, BHEL Rs 155.6 million, MTNL Rs 119.4 million, Infosys Tech Rs 117.3 million, Hind Lever Rs 105.8 million, NIIT Ltd Rs 85.3 million, SQRD Sfware Rs 72.4 million and Rolta Rs 70.1 million.

Andhra Valley recorded the highest gain of 4.90 per cent increase, followed by BPCL 1.70 per cent, IDBI 1.57 per cent, Thermax 1.57 per cent and Ind Hotel 1.44 per cent while Tata Tea topped the losers list with 5.64 per cent, followed by Asian Paint 2.88 per cent, SBI-N 2.71 per cent, Orient Bank 2.51 per cent and ACC 2.32 per cent.

UNI