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Sensex up 92 points

MUMBAI: Stock markets sustained their rally on Friday with the BSE Sensex rising 92 points on heavy purchases by domestic funds to pull up the net asset value of their units at the end of the current financial year. The Sensex opened higher at 13018.21 and moved upwards to the intra-day high of 13111.87. It later ended at 13072.10, a net gain of 92.44 points or 0.71 per cent over Thursday's close of 12979.66.

The S&P CNX Nifty also advanced by 23.45 points or 0.62 per cent to 3821.55 from 3798.10. Mutual funds made noticeable purchases in several blue chip counters to pull up share prices, which in turn would reflect in the NAV of the respective funds, brokers said. Domestic mutual funds, who sold shares to the tune of Rs. 502 crore on the first two sessions, were believed to be net buyers in select counters. Foreign institutional investors too were net buyers in select key counters.

PTI

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