HLL sees brisk buying

MUMBAI, July 1: Pivotals declined further on the Bombay Stock Exchange BSE on Wednesday on lack of speculative support. Hindustan Lever, however, remained bullish on brisk buying by foreign funds. After a weak spell, a few scrips recovered as the session progressed. However, the closing rates showed widespread small losses.

The BSE Sensitive index started at 3210.60 and moved between 3256.43 and 3153.53 before finishing at 3230.60 with a net loss of 20.09 points against the previous close of 3250.69. The BSE-100 index fell further by 11.04 points to 1416.19 against the previous close of 1427.23. Brokers said the sentiment was subdued during the major part of the session in absence of support from financial institutions. The crucial meeting of AIADMK MPs cast its shadow on the market. Major players preferred to stay away from the market for some time.

However, HLLattracted brisk buying of over 50,000 shares by the FIIs. The scrip opened at Rs 1490, touched the day8217;s high of Rs 1619.50 and finally endedat Rs 1595.50, with a sizable gain of Rs 86 with total volume of Rs 50.76 crore.

On the National Stock Exchange NSE after an initial weakness, share prices recovered towards the end following fag-end buying by foreign and domestic funds and closed with moderate gains.The NSE-50 index resumed weak at 941.60 and declined further to 916.50. Later, it recovered smartly to close at 942.25, showing a small gain of 0.60 but Nifty junior Midcap index fell by 6.60 to 1335.60 .The total turnover was at Rs 1,032,56 crore.