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Sensex gains 68.56 points

The FIIs purchased sizeable amount of blue chips including Bajaj Auto, Mahanagar Telephone Nigam Limited and Hindustan Lever, leading brokers said, and added that domestic institutional investors continued with their buying support at lower level.

The strengthening of the Indian currency against the US dollar in the interbank foreign exchange market, improved sentiment of the FIIs to invest in the Indian capital market.

The decision of the Securities and Exchange Board of India to tighten the market surveillance system was another factor which contributed in improvement of sentiment of the capital market.

The market opened with overnight profit taking by the bear operators and some domestic institutions, then FIIs entered and bought considerable amount of index based shares which drifted the Sensex higher,which crossed the psychological barrier of 3500 mark during the intraday trading and remained nearly steady.

Mirroring the uptrend, the BSE Sensitive index (30 scrips) opened at 3463.46 points, touched day's high of 3542.04 points low of 3460.18 points before closing at 3540.91 points showing a net gain of 68.56 points as against its previous close of 3472.35 points.

The BSE-100 index finished at 1536.14 points over the last trading day's close of 1509.86 points, gaining 26.28 points. The BSE-200 and Dollex indices rose by 04.87 and 02.22 points to 342.29 and 145.27 points as compared to yesterday's close of 337.42 and 143.05 points respectively.

ITC has registered highest turnover of Rs 2 billion out of Rs 7.3 billion.

Other scrips were Reliance Rs 1 billion, Tata Tea Rs 733 million, SBI Rs 664.2 million, Castrol Rs 485.9 million, Hind Lever Rs 333 million, MTNL Rs 237.8 million, Bajaj Auto Rs 152.4 million, ACC Rs 152.1 million, Hind Petrol Rs 121.5 million, TISCO Rs 114.2 million, TELCO Rs 100.9 million, BHEL Rs 99.9 million, Proc and Gamble Rs 95.4 million and BPL Limited Rs 80.2 million at specified counters.

In non-specified counters: Corporation (Rs 139.3 million), Credit Rati (Rs 33.8 million), Max India Limited (Rs 18 million), Jaiprakash (Rs 17.6 million), Sanghi Poly (Rs 16 million), Indian Oil (Rs 9.3 million) and Videsh Sanch (Rs 6.9 million).

UNI