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FIs help Sensex to shake off FII-induced lethargy; 2886.91 points

Pivotals regained around 24 points, as last minute buying from Indian mutual funds gave a quick boost to the dull and quiet market on the Bombay Stock Exchange on Wednesday.

The U-turn on Wall Street Stock Market, which had fallen 500-points on Tuesday and marred market sentiments, showed little effect on the Sensex today. Market players and bull operators chose to stay away. The day's trading experienced a dull phase with little buying support from foreign institutional investors. Domestic buyers, on the other hand, heavily bought Life Insurance Corporation and General Insurance Corporation shares, which helped the Sensex gain lost ground.

The Sensex opened moderately higher as compared to the previous close at 2900.15 points. It gained marginally to reach the day's high of 2900.46 points. The low trading activity throughout the day made the Sensex dip to as low as 2867.22 points before it finally closed at 2886.91 points, recording a gain of 24.36 points.

The broad-based BSE-100 ended at 1290.76 points, recording a high of 9.65 points as compared to Tuesday's close of 1281.11 points. It touched a high of 1297.57 points and a low of 1283.57 points.

The BSE-200 and Dollex indices closed at 300.38 and 117.59 points.

Raymonds recorded a fall while Reliance industries, Siemens, ACC, HDFC Bank, Indian Rayon and Hindalco rose in the market today.

The total turnover on screen-based trading was Rs 12.42 billion, involving 48.8 million shares in 139,525 trades and 1290 scrips.

ITC registered the highest turnover of Rs 1.68 billion followed by Satyam Comp Rs 1.64 billion, Pentafour S Rs 677 million, Zee Telefim Rs 578.1 million, SBI Rs 394.1 million, Reliance Rs 355.1 million, Castrol Ind Rs 337.6 million, Dr Reddy Rs 257.8 million, Tata Tea Rs 199.1 million, L&T Rs 162.3 million, Guj Amb Rs 135.3 million, Infosys Tech Rs 132.9 million, NIIT Rs 116.1 million, BHEL Rs 84.7 million and Videocon Int Rs 76.5 million.

A good transaction was observed at Silverline at Rs 110.3 million, HCL Infosyst Rs 81.1 million, Rolta Ind Rs 41.6 million, Software Sol Rs 38.4 million, BFL Softwr Rs 24 million, DSQ Software Rs 19.1 million, Aptech Ltd Rs 10.2 million, VST Indus Rs 8.6 million, R S Software Rs 8.5 million, Orchid Chem Rs 6.4 million, Amara Raja Rs 6.3 million, Bausch and Lomb Rs 4.9 million, Maral Overs Rs 4.5 million, Orient Infor 4.4 million and Tata Elxsi Rs 4.3 million at the 'B1' counters.

UNI