Sensex Tops 4500 Pts On Fii Buying

The stock markets continued to register sharp gains yesterday as fresh buying by foreign institutional investors (FIIs) perked up market sentiments. The Bombay Stock Exchange sensitive index crossed the psychological 4,500-mark to touch a 34-month high of 4548.02, a gain of 82.65 points over the previous close of 4465.37.

The broker community, which was busy covering up positions at the NSE on the last day of the settlement cycle, has commenced taking long positions at BSE.

The Indian GDRs markets showed a distinct upswing in recent trading sessions and marketmen say the bull run has managed to sustain at the local markets due to this factor. The trading sentiment at NSE firmed up further on account of hectic buying by FIIs, coupled with front running by punters. The NSE-50 index shot up by 22.75 points to close at 1273.15 points over the previous close of 1250.40 points.

The total traded turnover at NSE touched Rs 2,302.98 crore with over 8.39 crore shares changing hands in yesterdays trading.

The ITC scrip recorded the highest turnover. The scrip closed at Rs 578.45, against the previous close of Rs 546.40, a gain of 5.87 per cent.