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FIIs move in again after a day's abstinence, push up Sensex by 45 pts to 4085.11

Two-way swing by local and foreign institutions and the decision of Reliance Industries to increase the selling price on its goods took Sensex up by 45 points at the Bombay Stock Exchange today.

Foreign Institutional Investors were once again seen at the buying counter of major bourses like SBI, Castrol, Raymond, ITC and Reliance during the day. The 16 per cent increase in the selling prices of Reliance goods proved assertive in the market as the sentiment tilted in its favour, leading dealers said.

Local buyers were also active during the day and sold at higher levels which saw the market moving in both directions. Overall, the positive sentiments and fruitful activity added to the upsurge in the market after a weak beginning during the start of the week.

Shares of Hindustan Lever, BSES, Sterlite, ACC and Tata Steel were seen losing during the day while Reliance, HDFC Bank, IPCL and Castrol were seen moving skywards.

Reflecting the trend, the BSE-30 index opened higher as compared to yesterday's close at 4073.03 points and reached the day's high of 4130.37 points. It touched the day's low 4052.66 points and finally closed at 4085.11 points, registering a gain of 45.72 points as compared to previous close of 4039.39 points.

UNI

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