Mumbai: Share price resumed on a slightly weak note and moved further downwards in line with selling in select heavyweighted counters at opening session at the Bombay Stock Exchange (BSE) on July 29.

Dealers attributed sudden downturn to profit-selling by operators and squaring up long positions just two-day ahead of the last day of derivative segment.

The "Mumbai bandh" called by Bharatiya Janata Party (BJP) and Shiv Sena on July 30 against the bomb blast in the bus at Ghatkopar killing three persons and wounding 42 others, might affect the volume on July 30 and hence operators preferred to clear part of their outstanding positions on July 29 itself, a broker said.

The BSE-30 share Sensitive Index opened slightly lower at 3731.85 as against the July 28 close of 3739.76 and immediately touched a high of 3735.36. Later, it met with strong resistance and fell back to a low of 3710.22 before being quoted at 3716.90 at 10:30 hours (IST).

SBI, RIL, HLL, Tisco, Hero Honda, L&T, Dr Reddy, HCL Tech, Infosys Tech, Satyam Computer, Bajaj Auto, ACC and Telco shares from index-family were quoted marked to moderate down.

Select public sector undertakings (PSUs), banking and IT counters were subdued on profit-selling by operators and institutional investors.

PTI