FIIs show interest in pivotals

MUMBAI, AUG. 16. A sharp rise in select heavyweight counters overcame the general bearishness and helped the benchmark to close in the positive territory on the Bombay Stock Exchange today with the Sensex improving by 6.02 points to 3337.91, despite the gloomy outlook in overseas markets.

The Sensex bucked the global weak trend following overnight's sharp drop in the tech-heavy Nasdaq composite index. The Southeast Asian markets also ended lower today. The Nikkei dipped by 240.38 points, Hang Seng by 309.19 points and Singapore ST index by 10.59 points.

Local funds booked profits in select old-economy scrips in line with the overall selling, dealers said.

Reflecting the narrow movements, the BSE-30 share sensitive index opened slightly lower at 3326.24 against Tuesday's close of 3331.89 and was trapped in a limited breadth of 3357.07 and 3321.74 before concluding at 3337.91. The BSE-100 index also improved further by 4.33 points to 1568.47 from 1564.14.

Balaji Telefilms, a media scrip, continued to reel under selling pressure and ended lower by Rs. 7.60 at Rs. 188.50.

- PTI

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