FIIs were active on selective counters like ITC, BSES, Telco, Satyam, Wipro and Infosys. According to provisional figures collated by NSE, FIIs were net sellers at Rs 3.60 crore while domestic institutions were net buyers at Rs 7.10 crore. On the BSE, FIIs were net buyers atRs 20 crore with gross purchases of Rs 30 crore while domestic institutions were net buyers at Rs 27 crore with gross purchases of Rs 41 crore. ``The market might go up by another 100 points before a spate of profit booking brings it down again.

There is hardly any depth with barely any amount of interest,'' said Chetan Shah, a BSE broker. ``The markets have remained in the uncertainity zone for the last 55 sessions and are now looking for emergence of a new trend from the 56th session. Technically speaking we are expecting a rally of 300-400 points prior to profit booking while at the periphery we are witnessing a trickle of investors coming back,'' said Parag Dalvi, of Pranav Securities.

With the verdict on ITC Fera case coming up tomorrow, brokers expected a positive verdict with a high turnover in the stock. The tobacco giant registered the highest business volume of Rs 219 crore with the scrip price moving up from Rs 620.50 to Rs 637. ``The activity in the market these days is purely speculativewith little amount of long term players in the markets,'' said a BSE broker.