FIIs sold huge chunks of pivotals on the NSE, on the first day of the trading account. FIIs were net sellers to the tune of Rs 51 crore on the NSE. They sold stocks worth Rs 11 crore on the BSE and bought stocks worth Rs 10 crore. Domestic institutions were net buyers to the tune of Rs 36 crore on the BSE. UTI and LIC were reported to have bought huge quantities of ABB, Zee Telefilms and Smithkline Pharma.

Satyam Computers and Zee Telefilms contributed over 35 per cent of theBSE's turnover. While the total turnover on the exchange stood at Rs 1,441 crore, the turnover recorded at Zee and Satyam was pegged at Rs 221 and Rs 277 crore, respectively.

Another interesting feature of the session was the fall in the total number of stocks traded on the exchange. While there are over 7,100 stocks listed on the exchange only 1,413 stocks were traded on the BSE.

Reliance also registered a sharp rise in its traded volume to touch a high of 66 lakh shares on the BSE. According to market sources, the rise in the volumes is reflective of the spurt in its net long positions as of September 29. The net long positions on September was pegged above 49 lakh shares valued at Rs 60 crore. Sources also highlighted that institutional players especially the FIIs have sold huge chunks of Reliance at Rs 119/120 levels on September 29, which has led to a rise in the floating stock at the counter.

Leading Edge was locked at the upper end of the price band on the NSE at Rs 466. Market was agog withrumours that an American based company has decided to pick up a considerable stake in the company.

The DFI scrips continued their downward march for the third consecutive day. While ICICI fell to a new low of Rs 53.40, IFCI closed at Rs 20.90, registering a net decline of 0.97 per cent. However, fresh FII purchases at the counter of IDBI provided some support at Rs 50 levels. In the final countdown, the stock closed at 50.35 on the NSE while it closed at Rs 49.70 on the BSE.

The Nocil counter zoomed to touch the upper band of the price filter at Rs 35.55 with a huge volume of over 10 lakh shares even before the company could announce about the sale of the rubber and petrochemical units. At the circuit price, an outstanding volume of 11,400 shares was reported on the NSE.