MUMBAI, November 11: Industrials showed narrow movement on the Bombay Stock Exchange (BSE) today mainly due to the absence of speculative support and end account considerations on the National Stock Exchange (NSE). Foreign Institutional Investors (FII) kept away from the market in view of the fluid political situation. The closing rates showed small changes. The BSE sensitive index declined from the sessions' best level of 3750.25 to finish at 3723.40 with a small gain of 2.35 points compared to previous level of 3721.05. The BSE-100 index was fractionally up at 1608.40 from previous close of 1607.45.

According to brokers, the domestic financial institutions made small purchases in shares of some major index scrips such as Tata Steel, Telco, SBI and others. However, the general operators were not willing to make fresh commitments due to lack of support from FIIs. MTNL spurted on hectic short covering. It recovered sharply to Rs 242 before closing slightly on the NSE as operators squared off heavily on the last day of the current settlement. In BSE, MTNL recovered by Rs 8 to Rs 231.50. The volume of business remained very low at Rs 467.91 crore but marginally up from previous level of Rs 359.90 crore. ITC remained the the most active scrip with a turnover of Rs 120.77 crore followed by SBI of Rs 68.28 crore, MTNL of Rs 47.98 crore and Reliance of Rs 28.60 crore. ITC improved by Rs 2.75 to Rs 564 and SBI by Rs 1.50 to Rs 259 on short covering. , Tata Tea lost by Rs 7.25 to Rs 375.75. On the NSE, pivotals gained marginally on the last day of current settlement, following speculative buying support. The NSE-50 index opened at 1065.90, touched the day's high of 1076.50 declined to the day's low of 1064.30 and later ended at 1073.35, showing a net gain of 7.45 points over the previous close of 1065.90.

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