Thursday, June 23 2005 11:53 Hrs (IST) - World Time -

Mumbai: The Sensex today (Jun 23, 2005) resumed weak, but soon recovered on fresh bouts of buying and was quoted moderately higher by 4.29 points than yesterday (Jun 22, 2005) at the opening session on the Stock Exchange, Mumbai.

The BSE bench-mark 30-share sensitive index opened lower at 7142.91 against previous close of 7145.34, but soon rallied to an intra-session high of 7156.55.

Thereafter, it met with resistance and declined to a low of 7112.35, before being quoted at 7149.63 at 10:30hrs (IST), showing a moderate gain of 4.29 points.

Most of the early buying was by Foreign Institutional Investors (FIIs), but some selling by local mutual funds reduced the gain, a broker said.

On Wednesday (Jun 23, 2005) the index had touched an all time intra-day high of 7167 on frantic buying by FIIs mainly by Japanese Institution, he said.

In last two days of the current week, FIIs did a net purchase in equities works around Rs 770 crores, another broker said and added a spell-over effect of FIIs inflows was the moderate gain in Rupee against US Dollar.

During the early trading, REL, Wipro, Bajaj Auto, Bharti Tele, Cipla, Ranbaxy, SBI and TCS were firm on good buying.

However, Grasim, HSDC Bank, ITC, L&T, Maruti and Satyam remained weak on fresh selling.