Mumbai: Share values reversed their overnight positive trend and were quoted in negative territory at opening session on the Bombay Stock Exchange (BSE) on April 25 following fresh selling by operators.

Lack of foreign as well as local institutional buying also partly dampened the sentiment. Foreign Institutional Investors (FIIs) continued to be the fence-sitters, waiting for the end of political uncertainties and reportedly were net sellers, albeit in small lots, for the first two days of the current week.

The BSE-30 share sensitive index opened firm at 3,420.62 and immediately touched a high of 3,421.88. Later it met with strong resistance and dropped below 3,400-mark to a low of 3,396.20 before being quoted at 3,403.22 at 11.00 am (IST) as against close of 3,411.92 on April 24.

IT shares suffered a moderate setback on profit-selling by operators following sustained negative sentiments on Wall Street where the tech-heavy NASDAQ composite index declined by nearly 19 points on April 24 making it a three-day string of losses.

Old-economy counters, including heavyweights like HLL, RIL and ITC also eased on profit-booking.

PTI