Sensex loses 33 points

Brokers said FIIs purchased Asian Paints and HDFC while sold in other pivotals. The domestic institutions, however, made only small purchases in select scrips. Automobile giant Telco came under selling pressure from FIIs as well as local operators. The business volume was thin and the undercurrent remained weak.

Marketmen said bull operators showed little interest in creating fresh positions on account of the long week-end holidays for Diwali. 8220;Profit-taking by speculators and persistent selling pressure by FIIs who were net sellers of Satyam Computers, Reliance, SBI, Telco and Tisco pulled down the Sensex,8221; said a broker.

The BSE Sensitive index dropped from the day8217;s high of 2895.28 to touch the day8217;s low of 2848.55 before closing at 2857.27, showing a net loss of 33.45 points from the previous close of 2890.72. The BSE-100 index also drifted lower by 12.85 points to 1277.28 from the previous close of 1290.13.