Prices of key pivotals firmed up in kerb trade over the weekend as the market did not expect substantial selling from foreign institutional investors when the market reopens today. Brokers expected domestic institutions like UTI, LIC and GIC to support the market.
The Reliance stock was traded at Rs 161-162 levels against the market close of Rs 157 on Friday. The SBI counter had buyers at Rs 201 against the market close of Rs 198.20. Tata Steel was traded at Rs 150-151-levels.
Brokers said the decision of the five permanent Security Council members to hold back threats of sanctions on India and Pakistan resulted in prices of key pivotals firming up on the kerb.