Mumbai: After opening weak, the sensex later moved upwards showing signs of a fresh upsurge on the Stock Exchange (BSE) today (Mar 01, 2004) on renewed buying support from operators.

The BSE benchmark 30-share index opened weak at 5649.30 as against last Friday's (Feb 27, 2004) close of 5667.51 but later spurted to a high at 5702.60 before being quoted at 5687.06 at 10.30hrs (IST).

Dr Reddy's Lab, one of the heavyweighted counters was quoted sharply lower on selling pressure. Tisco too showed marked losses on selling.

Despite net sales, position of foreign institutional investors (FIIs) during last week, retailers and operators seemed to have shown interest at the prevailing price levels, brokers said.

PSU (Public Sector Units) stocks were in the limelight on revival of buying prompted by reports that the Government might overshoot the revised target of mopping up Rs 14,500 crore from disinvestment.

Key counters like ONGC, HPCL, Tata Motor, Satyam Comp, RIOL, L&T, BHEL, Bharti Televentures, Grasim, Bajaj Auto, HDFC, Hero Honda and Infosys Tech showed sharp gains.