Mumbai: Bearishness continued to prevail at the opening session on the Bombay Stock Exchange (BSE) on May 29, that noticed lacklustre activity following escalating tension between India and Pakistan.

Resuming on a firm note, share values dropped immediately due to cautious selling by operators in the absence of any worthwhile buying support from institutional investors.

Dealers attributed the nervousness to a tough stance taken by India against Pakistan. In a reply to May 27 Pakistan President Pervez Musharraf's televised address, India said that it can't continue to be penalised for its patience and was looking for a permanent end to infiltration, from across the Line of Control (LOC), dismantling the infrastructure of terrorist training camps in Pakistan's territory.

The BSE-30 share sensitive index opened higher at 3155.67 and immediately touched a high of 3179.85 only to fall back to a low of 3119.64 before being quoted at 3130.81 at10.45 am (IST) as against May 28ths close of 3146.83.

Software counters continued their downward march due to weak NASDAQ advices where the NASDAQ composite index eased by 9.32 points on May 28.

PTI