Sensex remains steady above 8,300 level in trade Thursday, November 10 2005 11:22 Hrs (IST) - World Time -
Mumbai:
The Bombay Stock Exchange Benchmark 30-share sensitive index today (Nov 10, 2005) remained steady above 8,300 level in an otherwise irregular movements during morning trade on alternate bouts of buying and selling even as FIIs stepped up their activity on bourses.
The sensex opened moderately higher at 8314.39 as against yesterday's (Nov 9, 2005) close of 8308.78 and later fluctuated in a range of 8339.84 and 8283.77 before being quoted at 8312.93 at 10.30 am, up by 4.15 points over last close.
Despite hefty net investments of Rs 609 crore reported by Foreign Institutional Investors on Tuesday (Nov 8, 2005), operators and local funds maintained low profile leading to a range-bound activity at the early stages, brokers said.
The market is expected to remain range-bound for a few days following a sharp rise of over 632 points earlier in the past five days between October 31 and November 8.
Key stocks like Infosys Technologies and SBI were quoted remarkably higher on fresh buying support while HDFC Bank and TCS Ltd showed marked losses on selling pressure.