Pivotals remain subdued

MUMBAI, January 20: Pivotals remained slightly subdued on the BSE today on profit taking mainly in absence of speculative support following end-account considerations on the NSE. After a better spell, share prices declined as the session progressed. The closing rates showed small to modest losses. The volume of business remained brisk. The BSE sensitive index which touched an intra-day high of 3516.00, declined to finish at 3455.95 with a net loss of 24.91 points compared to the previous level of 3480.86.

The BSE-100 index also eased by 10.76 points to 1505.90 from the previous close of 1516.66.

Brokers said profit taking at the higher level was due to lack of speculative support on account of today being the last session on the NSE for the current settlement and selling pressure by the FIIs. The domestic institutions showed some interest when the sensex touched the intra-day low of 3449 and picked up small quantity shares of index based scrips.