Mumbai: After a better start, the SENSEX turned weak as select heavyweighted counters came under fairly heavy selling at early stages on the Bombay Stock Exchange (BSE) on January 6.

Heavyweights like Infosys Technologies, RIL, Satyam Computers, HLL and a few others suffered a moderate setback due to selling by domestic funds, brokers said.

The BSE Sensitive Index opened modestly up at 3,364.72 as against the previous close of 3,357.54 but later reacted negatively and dipped to a low of 3,344.91 before being quoted at 3,351.40 at 10:30 hours (IST).

Market sources said institutional investors reportedly sold about 25,000 shares of Infosys Technologies, attributing fresh selling in the counter to reports about the company's growth in net profit below market expectations.

Meanwhile, the South East Asian markets fared well in early trading, with the Nikkei and the Hang Seng showing a gain of about 134 points and 71 points.

PTI