Mumbai: Public Sector Understandings (PSUs) counters were in limelight at opening session on Bombay Stock Exchange (BSE) on February 4 following speculative buying on hopes of privatisation.

However, new economy shares reeled under selling pressure on weak New York advices where the tech-heavy NASDAQ Composite Index was down last weekend.

Cement shares dipped sharply following news of steep fall in cement prices by nearly Rs 25 per bags.

Reflecting the trend, the BSE-30 share sensitive index opened slightly firm at 3336.17 and moved in a range of 3353.29 and 3329.63 before being quoted at 3328.73 at 10:50 hours (IST) as against previous close of 3333.92.

PSUs stocks remained the front runner on good buying support from operators as well as local funds on expectations of an early disinvestment.

Market is still in the hands of bulls as the SENSEX has taken support at 3280, a crucial long term support level, and hovering above this level for the last couple of weeks that denotes bullish undercurrent, analysts commented.

PTI