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Nifty dips 7.80 points

Pivotals suffered a moderate setback on the National Stock Exchange in a lacklustre trading today.

The NSE-50 index opened marginally lower at 931.80 and rose further to touch a day's high of 932.50, fell to touch a day's low of 914.45 and finally closed at 924.35 points, showing a net loss of 7.80 points against the previous close of 932.15 points.

The Dollar NSE-50 index closed lower by 5.20 points to 751.25 against the previous close of 756.45 points and the Nifty Junior (Midcap) index, after a better start at 1340.20, drifted lower to close at 1331.50, netting a loss of 7.65 points against the previous close of 1338.65 points.

The market displayed a lower turnover of Rs 8.1 billion compared with yesterday's turnover of Rs 9.3 million from 42.6 million shares in 142,293 trades.

As many as 380 securities advanced, a large number of 552 declined, 79 held steady and 54 securities hit their price bands.

ITC continued to be on top with turnover of Rs 1.9 billion, followed by Satyam Comp Rs 1 billion, Reliance Rs 654.5 million, State Bank Rs 596.6 million and Telco Rs 359.6 million.

Other actively traded securities were Castrol (Rs 327.2 million), Tata Tea (Rs 301.3 million), Pent Sfware (Rs 263.1 million), ACC (Rs 185.9 million), Infosys Tech (Rs 155.3 million), Bajaj Auto (Rs 145.5 million) Hind Lever (Rs 136 million), Tisco (Rs 125.7 million), SQRD Sfware (Rs 90.9 million), BFL Software (Rs 72.7 million), Rel Petro (Rs 71.9 million), Tata Unisys (Rs 62.9 million), Hero Honda (Rs 62.5 million), Zee Tele (Rs 57.8 million), ICICI (Rs 54.2 million), Sterlite (Rs 52.5 million), Aptech (Rs 51.3 million), BSES (Rs 50 million) and NIIT (Rs 49.9 million).

The top nifty gainers were Grasim at Rs 315.10 (Rs 286.55 yesterday), Ashok Ley at Rs 46.55 (Rs 42.55), Ind Rayon at Rs 178.20 (Rs 164.95), Ind Hotel at Rs 432.70 (Rs 409.70) and Castrol at Rs 568.80 (Rs 551.10).

The top losers included Telco at Rs 167.60 (Rs 177.75), Guj Amb Cem at Rs 240.90 (Rs 255.10), EI Hotel at Rs 233.10 (Rs 245), Rel Capital at Rs 51.10 (Rs 53.10) and Asian Paint at Rs 225.05 (Rs 232.80).

After a long gap, the NSE witnessed inflow of Rs 51 million from foreign institutional investors. According to an NSE release, total FIIs buying was at Rs 192.2 million against the total sales at Rs 141.2 million. The net investment by domestic institutional investors was Rs 11 million, the release added.

UNI