Pivotals kindle some interest

MUMBAI, JUNE 27. The Sensex managed to close in the black, supported by a smart upsurge in heavyweights such as Reliance Industries, Tisco, Telco, L&T and NIIT, in continuous volatile activity on the Bombay Stock Exchange today.

In addition to the key index counters, select second-line stocks including some K-10 scrips attracted fresh buying interest and scored impressive gains.Several technology shares fluctuated widely hitting 8 per cent upper and lower circuit filter before closing in the positive territory.

The BSE sensitive index opened steady at 3407.68 and was later trapped in small range of about 56 points between 3434.13 and 3378.53 before closing at 3411.60 against yesterday's close of 3407.32, a net gain of 4.32 points.

Market sources said some Hong Kong-based funds were selling heavily in a few scrips while other foreign institutional investors made fresh purchases in technology stocks which had been battered continuously in recent months after the arrest of a big bull Ketan Parekh. Even the Unit Trust of India was seller in some stocks, sources added.

- PTI

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