Mumbai: The Sensex opened firm and later showed signs of stability over the 6300-level during the morning trading on the Bombay Stock Exchange (BSE) today (Dec 8, 2004) following consistent FII inflows and sound economic fundamentals.

The BSE Benchmark 30-share Index opened strong at 6333.04 as against yesterday's close of 6316.28 and later moved up to a high of 6349.42 before being quoted at 6345.72 at 10.30 AM, up 29.44 points.

The driver of the market, Foreign Institutional Investors (FIIs) reported net investments of Rs 299.70 crore on Monday after pumping in over Rs 3,100 crore during last week.

Global crude oil prices too stayed at $ 41.56 a barrel in Asian Trade this morning. Brokers said the market is being consolidated at the prevailing level above 6300-mark.

Blue chip counters including SBI, REL, Tata Steel, Maruti Udyog, Bharti Tele-Venture, BHEL, Dr Reddy's, GACL, Grasim, ICICI Bank, HPCL, Hero Honda, ITC and L&T were quoted remarkably higher on fresh buying support.

The top heavy-weighted counter, RIL suffered a fresh setback and was quoted substantially down on selling pressure despite reports indicating a likely truce between the Ambani brothers.

HLL, Bajaj Auto, HDFC, ONGC and HLL also showed marked falls on fresh profit booking.