MUMBAI, January 27: Pivotals suffered a fresh setback on the Bombay Stock Exchange on all round selling pressure. Sensex lost 75 points and dropped below 3300 mark. The new account started steady but share prices turned weak thereafter in absence of speculative buying and selling pressure by the foreign institutional investors (FIIs). The closing rates showed widespread modest to sizeable losses. The volume of business remained thin.The BSE sensitive index declined sharply from 3355.22 to finish at 3276.21 with a sizeable loss of 75 points compared to the Friday's close of 3351.21. The BSE-100 also dropped by 31.37 points to 1429.02 from previous close of 1460.39.Brokers said that despite fresh recovery in Hong Kong stocks and stabilised rupee, the sentiment was affected due to lack of fresh interest by the local operators in view short settlement of three sessions for the current week The volume of business was very low at Rs 624.80 crore. ITC remained in the limelight by clocking highest turnover of Rs 121.98 crore, followed by SBI Rs 80 crore, Castrol Rs 68.97 crore Reliance Rs 63.17 crore and Tata Tea Rs 50.60 crore. ITC lost Rs 6.75 at 580.75, Reliance Rs 3.40 at 150.60, SBI Rs 5.50 at 239, Telaco Rs 9.50 at 235.25 and Castrol Rs 7.50 at 691.50 on selling pressure.On the NSE pivotals declined sharply at the last day of trading cycle today.Mirroring the trend, Nifty opened at 986.90 and closed 963.30 points, showing a net loss of 23.50 points. The Dollar NSE-50 index dropped by 15.15 points to 868.25 points. Similarly, the Midcap index fell sharply by 27.80 points to 1090.20 points.
