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Home -> Finance -> Full Story

Sensex continues upward trend on buying support
Thursday, November 25 2004 10:58 Hrs (IST)

Mumbai: The Sensex turned better after a hesitant start and continued upward trend during morning trading on the Stock Exchange in Mumbai (BSE) today (Nov 25, 2004) on sustained buying support from investors. The BSE Benchmark 30-share Index opened fractionally down at 6034.72 as against yesterday's (Nov 24, 2004) close of 6035.95 but later turned bullish rising to a high of 6057.60 before being quoted at 6052.21 at 10.30 hrs (IST), up by 16.26 points.

Brokers said the market remained bullish and operators seemed to be in a mood to roll over their positions to the new account in Futures and Options segment at the last day of November contract.

Even though the market witnessed selective price rally, Foreign Institutional Investors (FIIs) remained the principal driving force behind it with their consistent net investments in the past several sessions.

The top heavyweighted counter RIL however remained under continued selling pressure on reports that the Ambani brothers are understood to be consulting legal experts on the ownership issue.

Infosys Technologies, Satyam Computers and Wipro were in keen demand following a smart rise in the Nasdaq Composite Index last night. The Nasdaq Index gained 13.73 points.

Other key counters including Tata Steel, Tata Motors, ITC Maruti Udyog, HLL, HDFC Bank, GACL, Cipla and ACC were quoted up on fresh buying support.

However, Zee Telefilms, REL, ONGC, ICICI Bank and HDFC showed moderate falls.

PTI