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Sensex soars 132 points, surges past 4000 by noon

The Bombay Stock Exchange continued its bullish swing on Thursday morning. Pivotals posted mixed results in the mid-session. Profit-booking was reported at higher levels at all leading counters.

Commodity and refinery stocks were firm. Bajaj Auto declined. Satyam Computers was reported weak following speculative selling. The pharma and FMCG sectors were also not very strong, except HLL. The foreign institutional investors were, however, back in action.

The 30-share benchmark index, the Sensex, spurted today as the FIIs resumed heavy buying of heavyweights like Hindustan Lever and Britannia. At 1330 hours, the index was hovering around the 4000 level. At one point in time, it touched 4009, up 132 points from yesterday's close of 3876.89.

ABB, SBI, Indian Rayon were facing selling pressure on profit-booking. NIIT and Pentafour Software, which were lying low of late, bounced back into reckoning this morning on speculative activity. Telco and Tisco were reported firm. Reliance recovered after a weak opening. ICICI advanced on institutional buying.

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