Interestingly, domestic and FII investors were net buyers on the BSE. While net FII purchases was Rs 9 crore, domestic purchases were pegged at Rs 10 crore. However, according to market sources, the investments were a reflection of the ware-house deals which got reported today on the exchange.

``Pharma stocks were the worst hit on account of the inaction in the Parliament, which closed at an unconcluded note for the winter session,'' said a dealer with an institutional brokerage outfit.

Parke Davis was the worst hit among the pharma representatives. The stock was hammered to a low of Rs 343.10 on the NSE where a circuit filter was slapped to curb any freshsales. Hoechst witnessed a roller coaster move to be traded in the band of Rs 391.90 and Rs 414, the intra-day's low and high respectively. In the final countdown, the stock closed at the day's low. Similarly, Glaxo closed at the day's low of Rs 601.

It is learnt that FIIs like DSP Merill Lynch and Jardine Fleming brokerage placed sell orders at the counters of Pfizer, Boots, Smithkline Beecham and Smithkline Pharma.

Domestic institutions like SBI Mutual fund, Canbank Offshore Fund and LIC Mutual Fund were rumoured to have bought stocks like Knoll Pharma and Novartis. Both the stocks clocked a new 52 week high of Rs 524 and Rs 878 respectively, but closed weak by over 4 per cent in the final countdown.

Among the index based counters, Infosys traded in the band of Rs 2,885 and Rs 3,048, but closed at Rs 2,948, registering a net loss of 0.4 per cent. Although the company's decision to issue a liberal bonus of 1:1 was in line with market expectations, huge sell off at the day's high was the immediatereaction to the announcement.

Reliance shed the gains made during the earlier part of the week to close at Rs 116.60 registering a net loss of 1.35 per cent. In the negotiated segment of the BSE, Tata Power witnessed two cross deals in the demat segment. The first deal, reported at the price of Rs 103.20, was transacted for a net quantity of 37,050 shares while the second deal of 12,950 shares was reported at the price of Rs 103.25.

Telco, however, continued to move higher registering a net gain of 1 per cent. On the negotiated segment of BSE, the counter witnessed two cross deal of 15,000 each priced at Rs 159.60. Sentiments continued to be weak a the kerb markets, with volumes at the lowest for the day.