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FIIs fuel rally, buy pivotals; Sensex shoots up 60 points to 4075.47

The Sensitive Index or Sensex, the 30-share benchmark index of the Bombay Stock Exchange, gained by more than 60 points on continuous buying support from the foreign institutional investors for the 12th day in a row, further boosting the market sentiment and the equity prices here today.

FIIs were seen on the buying counters of all the major counters like Reliance, Telco, Pentafour, SBI, BHEL, L&T and Tata Tea. Strong trends were witnessed at the market during the day as the Sensex was on its way higher, crossing the 4100-point mark at one point in time.

Local institutions, on the other hand, were mostly on the selling counter for shares of the LIC, the GIC and the UTI, leading dealers said.

With today's jump, the Sensex has risen 802.76 points during the last 12 trading sessions. ''Speculative buying is nowhere on the scene as the market is being completely dominated by the FIIs,'' another dealer informed.

Mirroring the uptrend, the BSE-30 index opened higher at 4041.21 points, showing a wide gap since the last close and moved further up to cross the 4,100 mark and touch the day's high of 4102.03 points.

It dipped to 4000.07 before finally closing at 4075.47, up 60.79 points since previous day's close of 4014.68 points.

UNI

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