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FIIs buy pivotals; Sensex spurts 53 points to 3378.40

Heavy buying was witnessed at the Tisco, Ranbaxy, MTNL and Zee Telefilms counters as the FIIs rushed in, after a lapse of two days, which eventually ended in the market shooting up.

Marketmen said that the domestic players indulged in speculative buying which also enhanced the market sentiment.

''The market has been volatile since the FIIs bought shares worth Rs 8.5 billion in the last week of April and since then the high note has continued to rule it,'' opined one market player.

Reflecting the trend, the BSE-30 (Sensex) oscillated between 3435.73 and 3363.06 after opening higher at 3380.61 points. It finally closed at 3378.40 points, registering an overall gain of 52.71 points.

The BSE-100 travelled the same route after opening higher at 1469.91 points and reached a day's high of 1493.64 points. It touched the day's low of 1469.61 points and ended at 1478.45 points, registering a gain of 28.81 points.

The BSE-200 and Dollex also gained smartly to finish their rally at 337.29 and 131.26 points, 6.00 and 2.45 points ahead of their previous close respectively.

The day's turnover was Rs 10.54 billion. Today, 1,195 scrips were traded in 143,404 trades.

UNI

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