Mumbai: Reacting positively to the bright overall economic outlook and sustained FII (Foreign Institutional Investors) inflows, the Sensex today (Dec 14, 2004) opened firm and rallied past 6300-mark during morning trading at the Bombay Stock Exchange (BSE).

The BSE Benchmark 30-share Index opened strong at 6280.56 as against yesterday's close of 6268.72 and later spurted to a high of 6311.15 before being quoted at 6307.55 at 10.30 am, up 38.83 points.

The market has responded strongly to the Mid-Year Review, released yesterday, which forecast of a six per cent plus growth in GDP in 2004-05, brokers said.

The market is driven by consistent FII inflows. FIIs reported net investments of Rs 329.00 crore on Friday, taking the total net purchases to Rs 1233.10 crore during last week.

Operators have shifted their focus to mid-cap shares and were seen taking up positions in a number of counters from "B" group, brokers added.

Blue chip counters including Tata Motors, SBI, Satyam Computers, ONGC, Maruti Udyog, L&T, ICICI Bank, Hero Honda, HDFC Bank, HDFC, Grasim, GACL, BHEL, Bharti Tele-Venture and ACC were quoted remarkably up on fresh buying support.