Friday, November 11 2005 18:03 Hrs (IST) - World Time -

Mumbai: Powered by firm global trends amid sliding crude price and consistent FII inflows, the Bombay Stock Exchange's benchmark sensex today (November 11, 2005) flared up by a whopping 162 points to end at a month's high of 8,471.04 as the capital market once again turned strong after a two- session brief pause.

The 30-share sensitive index (sensex) gained by 398.29 points or 4.93 per cent in the week.

While Wall Street witnessed a strong turnaround last night, Asian markets ruled firm amid a sharp fall in global oil prices, which were well below 58 dollar a barrel level in Asian trade during the day.

The sensex opened firm at 8,332.94 and later surged up to the intra-day high of 8,483.68 on hectic buying support before ending the day at 8,471.04 as against yesterday's close of 8,308.93, a net rise of 162.11 points or 1.95 per cent.

The market had resisted upward march in the last two days after gaining by a massive 632 points or 8.23 per cent in a strong rally between October 31 and November 8.

Foreign Institutional Investors (FIIs) were believed to be heavy buyers in key counters during the session. FIIs have pumped in over Rs 1,674 crore in first five trading days of November, reposing confidence in the Indian economy, which is expected to grow by seven per cent in the current fiscal.

Operators and domestic mutual funds, however, were seen booking profits when the market touched the intra-day highs.

In Asian markets, the Nikkei ended up by 74.18 points, the Hang Seng by 107.27 points, Taiwan by 86.89 points and Kospi by 21.69 points

Heavyweights like RIL, SBI, Infosys Technologies, Bharti Tele-Venture, ICICI Bank, ONGC, Satyam Computers, HDFC, HDFC Bank, HLL, ITC, L&T and Tata Steel recorded remarkable gains.

The broad-based BSE-100 Index jumped by 83.64 points to 4469.77 from previous close of 4386.13.

The BSE-200 Index and the Dollex-200 were quoted sharply up at 1072.52 and 390.13 at close compared to previous close of 1052.82 and 382.63 respectively. The BSE-500 Index shot up by 63.06 points to 3432.20 from yesterday's close of 3369.14 and the Dollex-30 ended higher at 1519.49 from 1489.11.