Pivotals remain subdued

MUMBAI, Dec 2: Industrials were subdued on the Bombay Stock Exchange BSE today due to profit taking coupled with lack of speculative support at the higher level.The sensex which crossed the 3600-mark dropped to finish with small loss 16 points.

The closing rates showed small widespread losses. The volume of business remained thin. The BSE sensitive index started better at 3566.53, touched the day8217;s high of 3601.43 but dropped to finish at 3553.48 with a net loss of 16.17 point compared to the previous level of 3553.48.

The BSE-100 index index declined by 6.77 points to 1540.00 against the previous close of 1546.77. Most of the major players have adopted a wait and watch attitude8217;. Foreign funds prefer to sit on the sidelines. Operators were buying as well as selling in a few select blue chip shares like Telco, SBI, Reliance and others.