Mumbai: The SENSEX opened better and once again headed towards 3200-mark during morning trading in line with a fresh rally in refinery stocks at the Bombay Stock Exchange (BSE), on June 4 on continued net investments by Foreign Institutional Investors (FIIs).

FIIs, which have been net buyers to the tune of Rs 629 crore, were making consistent purchases in old economy stocks, particularly in refinery and bank stocks.

The BSE sensitive index opened moderately up at 3187.41 as against yesterday's close of 3181.97 and later rose to a high at 3199.18 before being quoted at 3198.84 at 10.30 am.

IT counters, mainly Infosys Tech and Satyam Computers too recovered moderately in response to a encouraging Wall Street advices. The Dow Jones industrial average and the Nasdaq composite index yesterday moved up by 25.14 points and 12.81 points respectively.

Refinery counters like RIL, IBP, IOC, HPCL, BPCL and others were quoted remarkably up on fairly good buying.

Among the top gainers, IDBI bank were quoted up by 6.43 per cent, Aurobindo Pharma by 4.69 per cent, Century Tex by 4.19 per cent, saw pipe by 4.15 per cent, d-link by 4.14 percent, Vijaya Bank by 4.12 per cent, IBP by 4.01 per cent, IOC by 3.95 per cent, Zensar by 3.94 per cent and LICHF by 3.85 per cent.

However, Abbott Ind, HDFC, HLL, Castrol, Zee Telefilms, ITC and Nalco showed minor falls.

PTI