Friday, July 15 2005 13:57 Hrs (IST) - World Time -

Mumbai: The Sensex today (July 15, 2005) showed signs of recovery during morning trading with a smart gain of 36 points at 10.30 am on the Stock Exchange, Mumbai (BSE) on sustained Foreign Institutional Investors (FIIs) inflows in the face of selling pressure from domestic institutions.

The BSE Benchmark 30-share Index opened moderately up at 7192.45 as against yesterday's (July 14, 2005) close of 7187.70 and later rose past 7200-mark to a high of 7231.67 before being quoted at 7225.23 at 10.30 am, up by 35.53 points.

Foreign Institutional Investors (FIIs) remained net buyers during the week and reportedly absorbed the sales made by Indian Financial Institutions to a large extent, brokers said.

During the early trade, FIIs were seen making fresh purchases in select heavy weighted counters while local funds continued to book profits at the prevailing price levels.

FIIs reported net investments of Rs 253.10 crore on July 13, taking the total net investments to over Rs 23,000 crore in the calendar year so far.

Blue chip counters like Reliance Industries Limited (RIL), Satyam Computers, State Bank of India (SBI), Tata Steel, Wipro, Reliance Energies Limited (REL), ONGC, Larsen and Turbo (L&T), Infosys Technologies, Hindalco, HDFC, Grasim, Dr Reddy's Lab and Cipla were quoted remarkably up on consistent buying support.

However, Bajaj Auto, Bharat Heavy Electrical Limited (BHEL), HDFC Bank and ICICI Bank showed moderate losses on profit booking.