Mkts shrug inflation, closes up 81 pts

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The Bombay Stock Exchange benchmark Sensex on Friday discounted the rise in inflation and gained 81 points as buyers outnumbered sellers, influenced by firming global trend.

The Sensex, which had gained 375 points on Thursday, advanced 81.40 points to 17,434.94. The key-index touched the day's high of 17,497.36 and low of 17,315.52 points. Investors bought shares mainly in metal and banking firms.

The wide-based National Stock Exchange's Nifty rose 42.45 points to 5,157.70, after touching high of 5,167.40 and low of 5,106.40 points.

Inflation rose to 7.83 per cent for the week ended May 3, against 7.61 per cent in the last week. But the development had a negligible impact on trading sentiment, marketmen said.

They said investors was more influenced with the global stock markets' behaviour.