Tuesday, September 13 2005 11:20 Hrs (IST) - World Time -

Mumbai: The Bombay Stock Exchange (BSE) benchmark 30-share index (Sensex) today (Sept 13, 2005) continued its rally after early resistance and touched new trading high at 8166.95 during morning trading on the back of sustained purchases by domestic mutual funds.

The Sensex opened steady at 8137.39 against yesterday's (Sept 12, 2005) close of 8138.42 and later dropped to a low of 8121.08 due to negative by Foreign Institutional Investors (FIIs) on Friday.

However, it recovered the losses and rose to an all-time high of 8166.95 before being quoted at 8155.59 at 10.30 am, up by 17.57 points.

Private mutual funds and Indian financial institutions were believed to be heavy buyers in key counters. Domestic mutual funds reported net purchases of Rs 284.71 crore on last Friday while FIIs made withdrawals of Rs 50 crore.

Attributing initial setback to FII negative activity on September 9, brokers said the market is very bullish and expected to continue its upsurge during the day.

Blue chip counters like Grasim, Dr Reddy's Lab, Infosys Tech, Maruti Udyog, ITC, Reliance Industries Limited (RIL), Tata Motors, Tata Power and Wipro were quoted remarkably higher on fresh buying support.

However Bharat Heavy Electricals Limited (BHEL), HDFC Bank, Hero Honda, ICICI bank, ONGC, State Bank of India (SBI), Tata Consultancy Services (TCS) Ltd and Tata Steel showed marked falls.