Mumbai: The Sensex opened marginally higher and later fluctuated erratically in volatile activity on Bombay Stock Exchange (BSE) today (Dec 7, 2004) on alternate bouts of buying and selling from investors.

The BSE Benchmark 30-share Index opened up at 6324.07 as against yesterday's close of 6322.50 and later moved in a fairly wide range of 6342.43 and 6300.89 before being quoted at 6313.82 at 10.30 am, down by 8.72 points.

After a smart recovery during the past few sessions, RIL once again came under heavy onslaught of selling triggered by fresh developments in the Ambani family.

RIL Chairman Mukesh Ambani's mother Kokilaben and his sisters are reported to have asked him to furnish "appropriate details" of the ownership, which he claimed were settled by family patriarch Dhirubhai during his lifetime.

ICICI Bank, however, rallied smartly on announcement by the bank of a sponsored ADR. The bank's board will meet on December 13 to consider a proposal to sponsor the ADR issue against existing equity shares.

The market is expected to witness scrip-specific activity during the day with domestic investors taking a cautious stance and booking profits at the higher price levels.

Other key gainers included Satyam Computer, Infosys Tech, HLL, HDFC, HDFC Bank and GACL. RIL, Tata Steel, Tata Power, SBI, REL, Ranbaxy, Maruti Udyog, L&T, HPCL, BHEL and Hero Honda were quoted marked falls due to selling pressure.