Monday, November 7 2005 11:58 Hrs (IST) - World Time -

Mumbai: The Bombay Stock Exchange Benchmark 30-share Index (sensex) today (Nov 7, 2005) surged past 8100 level after a promising start and was up by 80 points at 10.30 am on sustained buying support from investors amid weak trend in Asian markets during early trade.

Foreign Institutional Investors (FIIs) reportedly were engaged in shortcovering in derivatives.

The sensex opened better at 8083.59 against Wednesday's (Nov 2, 2005) close of 8072.75 and later rallied past 8100-mark to a high of 8155.83 before being quoted at 8153.03 at 10.30 am, up by 80.28 points over previous close.

The sensex has gained over 387 points during last week, which was confined to three trading days due to holidays on Thursday and Friday.

Operators and domestic funds too were seen making fresh commitments on the back of FIIs positive activity in November.

FIIs, which had pull out sizeable funds during October, are covering their short positions in the Futures in the past couple of trading sessions, brokers said.

Meanwhile, major south East Asian markets witnessed weak trend during early trade. The Hang Seng, Kospi and Taiwan were quoted substantially lower at 10.15 am.

FIIs once again, have turned positive following strong prospects of a seven per cent robust growth in the economy for the current fiscal, brokers added.