Mumbai: The SENSEX opened on a promising note and moved upwards in keeping with a mild rally in key stocks at early stages on the Bombay Stock Exchange (BSE) on May 8 on fresh purchases by foreign institutional investors (FIIs) and domestic operators.

The BSE Sensitive Index opened better at 3,434.24 as against a close of 3,423.75 on May 7 and gradually moved upwards to a high of 3,450.22 before being quoted at 3,436.80 at 10:30 hours (IST).

Majority of second-line shares were in the limelight with domestic operators and even FIIs shifting their attention to low-priced stocks in the past couple of days.

FIIs were believed to have been good buyers in old economy and front-line IT shares while speculators preferred to pick up low-priced side stocks.

PTI