Mumbai: Allaying war fears helped share values to extend overnight gains at opening session on the Bombay Stock Exchange (BSE) on June 11 that pushed the SENSEX past 3,300-mark following all-round buying by speculators as well as institutional investors.

Dealers attributed the rally to India's first step to defuse the tension by lifting the six-month overflight ban on Pakistani aircraft over Indian territory And "some fall" in infiltration of militants into Jammu and Kashmir.

The BSE-30 share Sensitive Index opened sharply up at 3,339.96 and moved in a range between 3,340.45 and 3,323.37 before quoting at 3,331.72 at 10.40 am as against the previous close of 3,279.49.

Foreign Institutional Investors (FIIs) seemed to have changed their attitude, thanks to receding war fears and once again were net buyers worth Rs 112 crore last week.

Punters and retail investors also stepped in and made good purchases in second-rung counters.

PTI