Mumbai: Equities continued their upward march and pushed the SENSEX past 4900-level during the morning trading on the Bombay Stock Exchange (BSE) on October 14 on fresh buying on the back of heavy and consistent purchases by foreign institutional investors (FIIs).

However, higher price levels attracted profit-selling in several blue-chip counters trimming their gains.

Depicting the upsurge, the BSE Sensitive Index opened remarkably higher at 4866.12 as against the October 13 close of 4849.27 and later rallied smartly to break the 4900-mark before being quoted at 4842.70 at 10:30 hours (IST).

The BSE barometer has risen by over 35 per cent during the year with a massive jump by over 550 points in the last eleven sessions.

Commenting on the price rally that has entered 12th session in a row, market sources said the SENSEX might touch 6000-level by the end of the year if the flow of investments remained unabated as per the market expectations.

FIIs, which have made heavy net purchases of Rs 518 crore on October 10, have pumped in Rs 2560 crore in the first eight sessions of the month.

However, the higher levels attracted profit-selling in several blue-chip counters by speculators.

Heavyweights like RIL, Satyam Computers, HPCL, Tisco, Tata Motors and SBI were quoted substantially lower.

ACC, BHEL, CIPLA, Grasim Ind, HLL, Hero Honda and Infosys Tech trimmed their gains due to selling pressure.

PTI