Monday, May 9 2005 17:25 Hrs (IST) - World Time -

Mumbai: The Sensex today (May 9, 2005) rallied sharply by a whopping 92.87 points to close above strong 6450-resistance mark at 6481.35 on the Bombay Stock Exchange (BSE) following all-round sustained buying by local funds and operators, stretching the bull rally for the sixth straight session.

Leading the pack by IT segment, shares from other sectors such as auto and capital goods also registered handsome gains on heavy buying interest.

The BSE Benchmark 30-shares Sensitive Index opened slightly better at 6391.80 against last Friday's close of 6388.48 and after remaining in the positive terrain throughout the day, touched a high of 6487.12 and concluded at 6481.35, a sharp rise of 1.45 per cent.

The market was rising steadily since last Monday and the BSE barometer spurted by 326.91 points or 5.31 per cent in the last six sessions.

Index-based shares like Infosys Tech, RIL, Wipro, Satyam Computer, Tata Motors, Maruti Udyog, Hero Honda, Bajaj Auto, BHEL, Dr Reddy, ITC, ICICI Bank, SBI, L&T, ONGC, Tisco and Zee Telefilms finished with sharp gains, contributing to the Sensex gains immensely, dealers said.

Local Mutual Funds continued their buying spree with a net purchases of Rs 367.18 crore in equities for the trading week ended May 6, while FIIs were net sellers worth Rs 36.6 crore, they added.

Small-cap counters attracted renewed buying from retail investors and notched smart gains at close, with the BSE-Small Cap index shooting up by 171.75 points to end at 4029.89.