Domestic Institutions Prop Sensex Rise

Trading volumes on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) were relatively high with volumes at NSE touching Rs 713.32 crore, while at the BSE the traded volume was Rs 310.13 crore, including Rs 258.87 crore in the specified group stocks.

According to market circles, trading sentiments improved particularly after FII buying in select counters. Marketmen had expected trends to remain firm this week if the Sensex did not dip below the 3,500 mark. Brokers at the BSE said the markets could remain steady at these levels.

The domestic financial institutions also provided crucial support at the markets yesterday.

 

The BSE Sensex opened firm at 3519.42