Pivotals close steady

MUMBAI, DEC 12: After initial buoyancy, pivotals reacted on the Bombay Stock Exchange (BSE) on Friday due to profit-taking, and lack of spe...

MUMBAI, DEC 12: After initial buoyancy, pivotals reacted on the Bombay Stock Exchange (BSE) on Friday due to profit-taking, and lack of speculative buying in view of end-account considerations. The BSE Sensitive Index declined from the intra-day high of 3383.32 points to finish at 3329.27, with a minor gain of 0.13 point as compared to the previous close of 3329.14 points.

Similarly, the BSE-100 index edged up by 1.93 points to 1450.87 points from its previous close of 1448.95 points.

Brokers say the trading showed lacklustre sentiment due to absence of speculative support and squaring off of business due to last day of current settlement on the BSE.

The financial institutions made fresh purchases in the Index based scrips like Tata Steel, Telco, and SBI. ITC, which had attracted speculative activities during the current week, declined at the end and lost Rs 7 at Rs 554.75.

On the National Stock Exchange (NSE), pivotals witnessed a gradual decline due to fresh selling pressure. The NSE-50 opened at 973.70, fluctuated narrowly between 979.10 and 963.85 and closed at 965.15 points, showing a loss of 8.50 points over the previous close of 973.65.

The Dollar NSE-50 (Defty) opened at 849.05, moved between 854.80 and 840.50 and closed at 846.60, with a fall of 8.45 points from the previous close of 855.05. The Midcap opened at 1098.70, moved in the range of 1101.40 and 1089.15 and closed at 1090.30, showing a decline of 8.45 points from the last close of 1098.75. The total turnover of the exchange was Rs 1,627.33 crore.