Pivotals remain lacklustre

Brokers said that the partial recovery in the latter part of the session was because domestic institutions extended good support to some heavy weighted scrips like Reliance, SBI, Larsen, Telco and others. However, the foreign funds remained out of action in view of the prevailing unfavourable political situation in the country. Thevolume of business dropped sharply by Rs 177.62 crore to Rs 894.70 crore. Satyam Computer improved further by Rs 11.75 to Rs 521.25 on speculative support.

On the National Stock Exchange NSE, share prices recovered marginally on the first day of the current settlement on some buying interest. The NSE-50 index started slightly better at 965.55 and closed at 965.70 showing a marginal gain of 0.20 over the last close of 965.50 and Nifty junior midcap index rose by 10.85 points to close at 1460.80 as against the previous mark of 1449.95. The market showed a total turnover of Rs 1,170.44 crore. The market witnessed 507 advances and 422 falls with 88 remaining steady. Forty securities hit their price bands. The most actively traded security was Satyam with a turnover of Rs 257.92 crore.