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BSE close: Sensex up 43 points

Buoyed by sustained FII inflows, the benchmark index manages to stay in the green despite early setbacks.

india Updated: Aug 11, 2006 19:51 IST

Buoyed by sustained FII inflows, the Bombay Stock Exchange (BSE) benchmark Sensex on Friday surged by 43 points to end at 11,192.46.

FII activity, which increased in the last fortnight, was so convincing that the market even overcame strong resistance in the form of profit-booking by investors during the day.

The BSE 30-share sensitive index (Sensex) fell back to a low of 11,069.25 after an initial smart rally on reports that India has attracted more foreign investments compared to other emerging markets in the last couple of weeks.

Buying support, however, gathered momentum in the latter part of the day and the Sensex touched the day's high of 11,241.11 before ending at 11,192.46 against Thursday's close of 11,149.17, a net rise of 43.29 points or 0.39 per cent.

The National Stock Exchange's (NSE) S&P CNX Nifty also advanced by 14.25 points or 0.44 per cent to 3,274.35 from the previous close of 3,260.10.

Foreign Institutional Investors (FIIs) have pumped in Rs 916 crore in the initial five trading days of the month, besides fairly heavy net investments in the futures segment in the same period, stock brokers said.

FIIs had pulled out massive funds from equity during May before slowing down activity in the last two months.

The market is expected to continue its upward march, with India once again on the FIIs' investment map, brokers added.

Small-cap and mid-cap stocks continued to attract fresh buying interest and notched up smart gains that reflected in their indices.

The trading volume improved further to Rs 3,138.50 crore from Rs 2,899.33 crore on Wednesday. RIL remained the most active scrip with the highest turnover of Rs 123.85 crore followed by Titan Ind (Rs 90.74 crore), ICICI Bank (Rs 90.19 crore), Century Tex (Rs 75.58 crore) and Rel Capital (Rs 68.58 crore).

The broad-based BSE-100 Index moved up by another 28.61 points to 5,682.69 from the previous close of 5,654.08.

The BSE-200 Index and the Dollex-200 were quoted modestly up at 1,339.88 and 479.63 at close compared to previous close of 1,332.32 and 477.97, respectively. The BSE-500 Index rose by 28.88 points to 4,242.39 from last close of 4,213.51 and the Dollex-30 ended higher at 1,975.70 from 1,972.41.

RIL spurted by 31.10 to 1011.10, Infosys Tech by 34.50 to 1742.25, Grasim by 41.50 to 2191.90, NTPC by 3.15 to 124.55, Bajaj Auto by 22.35 to 2651.65, HDFC Bank by 4.70 to 809.75, ONGC by 4.05 to 1193.90, Tata Steel by 8.90 to 524.90, Tata Motor by 5.10 to 794.15, ACC by 5.80 to 880.70, Cipla by 4.35 to 241.35, Hero Honda by 22.75 to 696.65, REL by 3.50 to 474 and TCS Ltd by 2.00 to 968.25.

However, ICICI Bank dropped by 15.60 to 584.50, BHEL by 17.30 to 2152.95, Hindalco by 1.65 to 165.80, Reliance Comm by 4.20 to 279.60, SBI by 2.55 to 858.25, Wipro by 9.00 to 506.55 L&T by 7.45 to 2309.70, HDFC by 11.80 to 1264.45 and Bharti Airtel by 4.95 to 404.25.