COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

FIIs continue buying; Sensex gains 54 points to 3557.49

Equities remained upward-bound on continued buying support extended by the foreign institutional investors, which allowed the 30-share benchmark index, the Sensex, of the Bombay Stock Exchange to rise by 54 points today.

The Sensitive Index ended at 3557.49, marking an increase of 54.12 points over the previous close of 3502.95. The Sensex breached the 3600-barrier in intra-day trading to touch a high of 3606.49, but profit-booking by public financial institutions made it settle at lower levels.

The Sensex opened at 3517.73 and the day's low was 3496.36.

The software stocks hogged the limelight with many scrips belonging to this sector recording handsome gains in today's trading. The Satyam Computers scrip spurted by Rs 95 to end at Rs 1,284.

Infosys Technologies ended at Rs 2,950, rising sharply by Rs 180. The Reliance scrip closed at Rs 152, recording a rise of Rs 11.

According to leading brokers, FIIs were prominent buyers in Pentafour, Ranbaxy, Infosys, Reliance, L&T and SBI counters.

The SBI scrip recorded an increase of Rs 12 to end at Rs 181. Domestic operators also joined the buying spree encouraged by the fresh climb in stock prices. The public financial institutions sold key pivotals at higher levels during the later part of the day, which liquidated some early gains.

Mirroring the uptrend, the BSE-100 index ended 30.61 points higher at 1566.32 from the previous close of 1535.71. The BSE-200 index closed at 356.32, showing a rise of 6.61 points while the Dollex index closed 2.71 points higher at 138.83.

UNI

Business news