Tuesday, December 6 2005 12:09 Hrs (IST) - World Time -

Mumbai: The Bombay Stock Exchange Benchmark 30-share Index continued to move erratically even as it was quoted modestly up over last close during morning trade on fresh buying alternated by profit booking by investors.

Foreign Institutional Investors (FIIs) were believed to be consistent buyers while domestic mutual funds remained sellers, making a hefty net sales of Rs 385.5 crore in the first two days of the month.

FIIs, however, reported net investments of Rs 514.7 crore on December 2, taking the total inflows during last week to Rs 1513.8 crore.

After a promising start at 8827.00 against yesterday's (Dec 5,2005) close of 8823.31, the Sensex fluctuated in a range of 8851.31 and 8784.97 before being quoted at 8834.30 at 10.30 am, up by 10.99 points over previous close.

Attributing sustained volatility to negative activity by private mutual funds, brokers said the rupee's depreciation against dollar and firm international crude prices also had a sentimental impact on the market.

Key stocks like Infosys Tech, Larsen and Turbo (L&T), Hero Honda, Dr Reddy's Lab, Satyam Computers, TCS Ltd and a few others were quoted moderately up on fresh buying support.

However, Grasim, Bharat Heavy Electricals Limited (BHEL), ICICI Bank, State Bank of India (SBI), Reliance Industries Limited (RIL), HDFC, ACC and Bharti Tele-Venture showed marked falls.