Mumbai: Select blue chip counters scored impressive gains pushing the Sensex up by four points at close in an otherwise fairly volatile activity at the Bombay Stock Exchange (BSE) today (June 29, 2004) on fresh buying support by retail investors as well as local financial institutions.

However, a few heavy-weighted counters suffered a moderate setback on profit booking by investors.

The BSE Benchmark 30-share Index opened marginally higher at 4838.74 and later fluctuated in a range of 4873.71 and 4802.04 before ending at 4841.38 as against yesterday's close of 4837.60, a net gain of 3.78 points or 0.08 per cent.

Retailers were seen picking up stocks at the day's lower price levels while domestic institutions led by Life Insurance Corporation (LIC) reportedly made selective purchases in old economy counters.

Grasim, Cipla, GACL, Hero Honda, HLL, HPCL, REL, RIL and Tisco registered handsome gains on fairly good purchases by institutional investors.

Retail investors seemed to have turned buyers in response to positive activity by mutual funds. Domestic mutual funds reported net purchases of Rs 65 crore on Friday. Foreign Institutional Investors (FIIs) also reported net investments of Rs 72 crore on June 24 and 25.

However, Dr Reddy's Lab, HDFC, Hindalco, ICICI Bank, SBI, Satyam Computers, Infosys Tech, Tata Motors, Tata Powers and Wipro finished with marked falls due to selling pressure.