Mumbai: Share prices reacted downwards in the morning session at the Bombay Stock Exchange (BSE) today (Jan 28, 2004) that noticed see saw movements on alternate bouts of buying and selling.

After a sharp recovery in the past two successive sessions, equity values exhibited weak trends at early stages on profit selling by operators mainly triggered by slow down in Foreign Institutional Investors' (FII) activity.

The FIIs reportedly purchased shares only worth Rs 109 crore in the last two days of the previous week, while local funds booked profits in shares worth Rs 65 crore last Friday.

Looking at the investment data of institutional investors in past couple of days, operators turned cautious and also sold part of their holdings.

The BSE-30 share sensitive index opened lower at 5,980.88 and moved irregularly in a range between 6,006.43 and 5,816.09 before being quoted at 5,953.65 at 10.45 hrs (IST) as against yesterday's close of 5,993.06.