OCTOBER 1 : Pivotals suffered a sharp setback on the Bombay Stock Exchange (BSE) today on allround selling pressure pushing down Sensex by over 62 points. The sentiment was also affected due to lack of institutional support and end of the current settlement.The BSE sensitive index (Sensex) which touched the day's high of 4814.15 crashed to finish at 4702.31 with net losses of 62.11 points as compared to the previous level of 4764.42. The BSE-100 index also dropped by 41.58 points to 2171.75 from previous close of 2213.33.Brokers said bulls resorted to heavy unloading in a bid to lighten their long positions in view of end-account considerations on fears of high badla rates. Operators also preferred to square up the commitments ahead of the election results, counting for which will begin on October 6.Index based scrips like Larsen, MTNL, Indian Hotels, Hindalco, NIIT and Infosys closed with handsome gains on good buying support. Infosys gained smartly by Rs 126 to Rs 7265 and Larsen by Rs 17.50 to Rs 383.50 on short covering. Of the 155 specified shares, 134 registered sharp to moderate losses while 21 showed gains.Zee Telefilms was the most active scrip with a turnover of Rs 319.88 crore of the total volume of business of Rs 2510.76 crore. But the scrip dropped further by Rs 142.50 to Rs 4328.50 on bull unloading. Ranbaxy dipped by Rs 47.05 to Rs 1025, Reliance by Rs 2 to 234.50, Pentafour Software by a rupee to Rs 599, BHEL by Rs 16 to Rs 257, Hindustan Lever by Rs 70.80 to Rs 2490 and ITC by Rs 5 at Rs 817 on selling pressure. Mahindra and Mahindra, SBI, TELCO and TISCO also remained subdued.
