The Hindu : Business : Sensex gains 49 points

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Thursday, Feb 10, 2005

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Business

Sensex gains 49 points

MUMBAI, FEB. 9. The 30-share Bombay Stock Exchange sensitive index today surged 49 points to close at 6593.53, driven up by hectic buying in key counters and extended the rally to the second straight session.

Sentiment turned positive after foreign funds showed keen interest in midcap shares, which helped the Sensex to post smart gains even as retail and local operators joined the buying band wagon, dealers said.

Select heavyweights such as BHEL, Grasim, HDFC Bank, L&T, HPCL, Infosys Technologies, Maruti and SBI showed remarkable rally on renewed buying. Dealers said the firm condition was expected to extend tomorrow. The Sensex opened the day on a higher note at 6556.53 and rose further on persistent support and after crossing the 6600 mark touched an intra-day high of 6613.54. Thereafter, it moved down to 6553.40, before closing at 6593 53, showing a smart rise of 48.76 points over yesterday's close of 6544.77.

The foreign institutional investors had made a remarkable buying of over Rs. 3,000 crores since February 1 with the biggest purchase worth Rs. 1,374 crores on February 2. — PTI

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