The markets are slated to move in a narrow range of 100-200 points. ``The true level of index is around 3,000 to 3,300 mark,'' said a BSE broker.

Dealers said operators were entering into fresh deals at a limit to enable them to book profits at higher levels. Domestic institutions were also active on the bourses today. UTI made purchases on the counters of East India Hotels, IndianHotels, Hindalco, Pfizer. According to market participants, UTI is now concentrating on broad based stocks like hotels and commodity sector.

FIIs were reported to have bought Satyam Computers, Zee Telefilms and Pfizer. SBC Warburg Dillion Read ia reported to have placed a buy order at the counter of Satyam Computers and Zee Telefilms. It is reported that the Development Bank of Singapore has been very active on the Indian bourses in the past one week and has reportedly bought huge chunks of Satyam Computers, Pentafour Software and other infotech counters.

LIC MF was seen making purchases in small lots of shares of Reliance, M&M, GACL, Corporation Bank and SBI. FIIs reportedly picked up shares of GE Shipping and pressed sales in Colgate, HLL and Dr Reddy's Lab. The top ten traded scrips on the BSE were Zee Tele, Satyam, ITC, Pentafour Software, Reliance, SBI, Digital, Dr Reddy's Lab, Tata Tea and Castrol. Equity prices moved down during the late hours on profittaking at higher levels against a lukewarmsupport from institutional investors.