Pivotals remain subdued

Brokers said auto major TELCO posted handsome gains while there was not much activity witnessed in other prominent counters. Trading on the BSE ended earlier at 2 pm to facilitate quot;badla trading sessionquot;. Institutional business was also negligible. Foreign institutional investors FIIs picked up select software counters and Reliance. Indian financial institutions IFIs were also buyers in Reliance, HPCL and pharmaceutical shares.

Of the total 149 specified scrips, 112 declined while 34 gained and three remained steady. Apollo Tyre and Ashok Leyland were locked at the day8217;s best level after exhausting the daily permissible limit. Ranbaxy was the most active with a turnover of Rs 169.63 crore of the total volume of business of Rs 1721.78 crore.

Ranbaxy eased by Rs 3.25 to Rs 1100 on profit taking.Hindustan Lever declined by Rs 3.35 to Rs 2621.65 and ITC by Rs 4 to Rs 969. However, Reliance edged up by 15 P to Rs 198.80. Zee Telefilms firmed up by Rs 23 to Rs 3203, Satyam Computer by Rs 12 to Rs 909, TELCO by Rs 9 to Rs 308 and Infosys Technologies by Rs 115 to Rs 6020.