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FII rally pushes up Sensex by 111 points, to 3329.93

The Bombay Stock Exchange Sensex skyrocketed by 111 points and broke the psychological barrier of 3300 as pivotals flared up smartly on heavy buying support from Foreign Institutional Investors as well as domestic institutional investors today.

Software shares were in the forefront among the gainers, and a few like Pentafour Software, MTNL, ITC, Cadbury reported volatile trading, dealers said.

Reflecting the bullish phase, the 30-scrip BSE Sensex opened at 3222.97 points, touched the day's high of 3332.64 points, fell to the day's low of 3206.30 points before closing at 3329.93 points, showing a net gain of 111.02 points as against the previous close of 3218.91 points.

BSE president J C Parekh attributed the bullish trend to the various positive announcements by the Centre in the recent past. The constant firm trend in the infotech shares was also one of the prime causes to boost market sentiments at the BSE, he said.

Parekh was of the view that infotech was likely to continue to lead the uptrend in the near future.

The broad-based BSE-100 index rose by 48 points to 1472.77 points, from the previous close of 1424.77 points.

UNI

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