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Equities gain on FII buying; Sensex up 15 points to 3351.05

Equities rebounded on sustained buying support extended by foreign institutional investors, which led the Sensex to cross the psychological 3400-mark at the Bombay Stock Exchange today.

The benchmark BSE-30 Sensitive Index ended 14.63 points higher at 3351.05 from the previous close of 3336.42. The Sensex opened at 3355.32 and reached the day's high of 3406.28 on buying in select counters by the FIIs. The day's low was 3334.83.

Marketmen said that FIIs bought heavily in Reliance and IPCL counters. According to market sources, they bought 2.5 million shares of Reliance and two million shares of IPCL. Both scrips hit their upper-circuit in today's trading.

The public financial institutions were passive participants in the early hours. However, profit-booking by them in index scrips at higher levels during the later part of the day led the Sensex to shed some gains. Sources informed that institutions were sellers in infotech stocks.

Reliance ended at Rs 131, IPCL at Rs 110, ITC at Rs 821, Tisco at Rs 24.50, Telco at Rs 206, HLL at Rs 1,930, Saytam Computers at Rs 961, Pentafour Software at Rs 916 and Infosys Technologies at Rs 2,600.

The BSE-100 index ended at 1479.40, 1.81 points higher from the previous close of 1477.59.

The BSE-200 and Dollex indices ended 1.23 and 0.65 points higher at 343.57 and 134.75 respectively.

UNI

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