Saturday, July 2 2005 15:23 Hrs (IST) - World Time -

Mumbai: The Sensex created history on the Stock Exchange, Mumbai during the week under review as the BSE barometer breaching all previous records soared to a lifetime high of 7228.57 points on heavy buying activity by Foreign Institutional Investors (FIIs) and later closed at an all-time closing high of 7210.77.

Some dealers said most of the buying was by Japanese investors who were ready with large amount of funds to invest lavishly in the Indian market.

The BSE benchmark 30-share sensitive indeed opened the weak on a subdued note at 7136.39 as against the previous close of 7148.62 and dipped further moderately to a low of 7034.48.

Thereafter, it sky-rocketed on heavy bouts of FII buying and after touching a historic high of 7228.57, closed at an all-time high of 7210.77, showing a sharp rally of 62.15 points or 0.87 per cent over the previous weekend close.

FIIs have already bought shares worth Rs 4508.00 crores during the month June and Rs 19,251 in the current year, brokers said.

The main contributors to the Sensex rally were ITC, L&T, SBI, Bajaj Auto, Dr Reddy, Bharti, HDFC Bank, Infosys Tech, ONGC, Satyam, TCS, ZEE Tele and Tata Power on heavy buying.

Other firm spots were REL Cap, ACC, ICICI Bank, HDFC, Hind Lever, BHEL and HLL on good support.

However, RIL, Grasim, Guj Amb Cement, Hero Honda, M&M, Maruti, Ranbaxy, Tata Motors, Tata Steel and Wipro met with selling and closed weak.