MUMBAI, Aug 6: After bullish spell, pivotals crashed on the Bombay Stock Exchange (BSE) today on emergence of profit taking coupled with selling pressure by domestic financial institutions. The sensex which crossed the 4600 mark dropped at the fag end of trading.A decision by the National Stock Exchange to postpone new account trade to Thursday came as a dampener for the market, with operators unable to build fresh positions.The BSE sensitive dropped from the sessions' high of 4605.41 to 4505.06 before finishing at 4523.01 with a net loss of 25.01 points compared to the previous level of 4548.02. The BSE-100 also slumped from 2007.06 to finish at 1969.37 with a net loss of 10.34 points compared the previous level of 1979.71.Brokers said that during the earlier part of the session, there was heavy buying from bull operators, foreign funds and some of the institutional investors. ITC led the downtrend by dropping sharply on heavy selling pressure from local institutions. The turnover was again at a record high of Rs 1577.64 crore. ITC recorded a turnover of Rs 249.48 crore, Reliance Rs 211.48 crore, SBI Rs 190.50 crore, Tisco Rs 187.95 crores and Tata Tea Rs 91.03 crore. The cash section showed mixed activity with some scrips gaining on good support while some others declined on selling pressure.On the NSE, share prices improved further. The total turnover was Rs 427.22 crore. The NSE-50 index closed at 1292.95, showing a gain of 19.80 points. The Midcap gained 14.50 points.
