Tuesday, November 8 2005 19:11 Hrs (IST) - World Time -

Mumbai: The upbeat mood gathered further momentum today (Nov 08, 2005) and the Sensex soared by another 111 points to end at 8317.80 on hectic buying support on the back of sustained FII inflows right from the beginning of the month.

Renewed vigour and enthusiasm among local investors were largely attributed to Foreign Institutional Investors' strong comeback on November one (a brief moorat session) and two, during which they reported a massive net investment of around Rs 1500 crore in equities.

The Bombay Stock Exchange (BSE) Benchmark 30-share Index (Sensex) began moderately higher at 8218.82 and later rallied sharply to the intra-day high of 8353.10 before ending the day at 8317.80 as against yesterday's close of 8206.83, a net rise of 110.97 points or 1.35 per cent.

Stepping up activity in the current month, FIIs pumped in over 1000 crore in the Futures segment while making net purchases of Rs 435 crore in the Cash in the initial two days of the current month.

Attractive economic fundamentals coupled with sliding global oil prices buoyed the sentiment. The crude prices held below 60 dollar a barrel during the trading session.

TCS Ltd hogged the limelight after the company acquired Comicrom, a leading BPO firm in Chile, for USD 23 million.

Consistent rally in auto stocks was credited to a marked sales growth in vehicles and easing crude prices. Bajaj Auto, Hero Honda, Maruti Udyog and Tata Motors scored impressive gains on sustained buying support.

ONGC, ACC, Grasim, HDFC, HDFC Bank, ICICI Bank, L&T and NTPC recorded sharp gains.