Thursday, July 14 2005 12:51 Hrs (IST) - World Time -

Mumbai: The Sensex today (July 14, 2005) opened on a promising note and later moved erratically in volatile trade on the Bombay Stock Exchange (BSE) on fresh buying support alternated by profit booking by domestic funds.

The BSE Benchmark 30-share Index opened moderately up at 7262.86 as against yesterday's (July 13, 2005) close of 7247.91 but later fluctuated irregularly in range of 7263.03 and 7220.77 before being quoted at 7261.23 at 10.30 a.m., up by 13.32 points.

The market continued to witness profit booking at the prevailing higher price levels despite sustained Foreign Institutional Investors (FII) inflows.

Domestic financial institutions were believed to be sellers in select key counters while FIIs absorbed the sales, brokers said.

FIIs reported net purchases of Rs 377 crore on Tuesday (July 12, 2005), taking the total net investments to Rs 839.50 crore in the first two sessions of the week.

Blue chip counters like State Bank of India (SBI), Tata Motor, Tata Power, Reliance Industries Limited (RIL), Ranbaxy, Maruti Udyog, ITC, Hindustan Lever Limited (HLL), Dr Reddy's Lab, Cipla, BHEL and Bharti Tele-Venture were quoted moderately up on fresh buying support.

However, Wipro, Infosys Tech, TCS Ltd, ONGC, L&T, Hero Honda, ICICI bank, HDFC Bank and Bajaj Auto showed marked falls due to selling pressure.