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Pivotals go on a roller-coaster ride, Nifty 971.40

Pivotals opened on a buoyant note, after declining at mid-session, gained marginally at close on renewed buying support by domestic institutions and bull operators, on the National Stock Exchange today.

Mirroring the uptrend, the NSE-50 index or Nifty improved by 4.05 points to 971.40 points from 967.35 points the previous day. The dollar NSE-50 index also edged up by 3.95 points to 790.20 points from 786.25 points.

The Midcap index gained smartly by 23.70 points to 1453.05 points against 1429.35 points the previous day.

The total turnover, involving 47.51 million shares in 171,931 trades, was Rs 13.34 billion and the debentures' turnover was Rs 803,000. About 566 securities advanced, 364 declined and 81 remained unchanged. 47 scripts hit their price bands today.

Foreign institutional investors (fiis) today purchased shares for Rs 102.05 million against their higher sales of 314.06 million, allowing the outflow of foreign funds of Rs 212.01 million from the market.

Satyam Computers registered the highest turnover of Rs 2.96 billion, followed by ITC (Rs 2.95 billion), SBI (Rs 1.19 billion), Reliance (Rs 649.6 million), Pentafour Software (Rs 624.2 million), ACC (Rs 444.5 million), Tata Tea (Rs 428.8 million, Infosys Tech (Rs 413.9 million), L&T (Rs 356.4 million), Castrol (Rs 319.3 million), BFL Software (Rs 215.8 million), Hindustan Lever (Rs 211.1 million)and Telco (Rs 196.3 million).

The other counters which witnessed hectic activity were: NIIT (Rs 152.3 million), Tisco (Rs 137 million), Silverline (Rs 100.8 million, LML (Rs 94.5 million), Zee Telefilms (Rs 88.3 million), Square D Software (Rs 75.9 million), Bajaj Auto (Rs 74 million), Nestle (Rs 71.5 million), BHEL (Rs 66.5 million), BSES (Rs 56.8 million), HCL-HP (Rs 56.7 million) and MTNL (Rs 54.9 million).

MRPL recorded the highest gain of 7.54 per cent to Rs 16.40 followed by Orient Bank 6.28 per cent to Rs 50.80, Ashok Leyland 5.57 per cent to Rs 36, HDFC 4.69 per cent to Rs 2987.35 and East India Hotels 3.55 per cent to Rs 231.95.

HDFC Bank topped the losers list with 4.34 per cent loss to Rs 66.20, followed by Arvind Mill 3.13 per cent to Rs 43.35, ICICI 3.01 per cent to Rs 75.70, Thermax 2.91 per cent to Rs 165.10 and L&T 2.81 per cent to Rs 230.25.

UNI