Mumbai: The Sensex dropped below 6300-mark after initial firmness and later moved narrowly in lacklustre activity during morning trading at the Bombay Stock Exchange (BSE) today (Dec 10, 2004) due to fresh selling pressure.

The BSE Benchmark 30-share Index opened firm at 6328.10 as against yesterday's close of 6304.27 and even rose to a high of 6336.90 within minutes of the resumption of trading.

Later, it fell below 6300-level to a low of 6284.58 before being quoted 6298.97 at 10.30 am.

Operators and retail investors were seen booking profits in select blue chip stocks, particularly Reliance group shares.

Meanwhile, Foreign Institutional Investors reported net investments of Rs 147.40 crore on Wednesday.

Blue chip counters like RIL, Maruti Udyog, HPCL, HDFC Bank, HDFC, Bharti Tele-Venture and Bajaj Auto were quoted moderately lower on selling pressure.

However, Wipro, Tata Power, SBI, Satyam Computers, L&T, HLL, GACL and ACC showed moderate gains on some buying support.