Mumbai, Jan 5: It stocks remained in the limelight scoring impressive gains for the second successive session and helped the Sensex gain about 69 points at close on The Bombay Stock Exchange (BSE) on Friday, following sustained purchases by the foreign institutional investors (FIIs).Select old economy shares like RIL, MTNL, ITC, HPCL and Grasim also rallied smartly and recorded handsome gains on fresh buying support from operators.
Enthused by the long awaited interest rate cut by the Federal Reserve, FIIs reportedly cornered sizeable chunk of shares of key counters like Satyam Computer, Infosys Tech and Wipro, besides picking up small lots in others.
They even discounted a marginal reaction in the Nasdaq Composite Index that fell back by about 50 points on Thursday. Dealers said domestic institutions were seen booking profits in select shares, while operators generally squared up their positions at the last day of the current settlement at the BSE. The BSE Sensex opened steady at 4116.34 and later fluctuated in a range of 4195.01 and 4115.35 before closing at 4183.73 as against Thursday's close of 4115.37, a net rise of 68.36 points or 1.66 per cent. S&P CNX Nifty also gained by 18.60 points and closed at 1327.25 points.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
