Thursday, December 8 2005 11:30 Hrs (IST) - World Time -

Mumbai: The Bombay Stock Exchange Benchmark 30-share Index (sensex) today (Dec 8,2005) continued its upsurge and was quoted seven points up during morning trading while the market moved in either direction on alternate bouts of buying and selling by operators and retail investors.

Foreign Institutional Investors (FIIs), however, have slowed down their inflows amid sustained selling pressure from private mutual funds, brokers said.

The Sensex opened past 8,900 level at 8,912.74 against yesterday's close of 8895.81 and later moved irregularly in a range of 8931.58 and 8883.16 before being quoted at 8902.36 at 10.30 am, up by 6.55 points over last close.

FIIs reported net investments of Rs 72.9 crore on Dec 6 after the outflow of Rs 46.8 crore on Monday. Domestic mutual funds were net sellers to the tune of Rs 585.40 crore in the four sessions between December 1 and 6.

Brokers said operators and retailers were seen making fresh commitments at lower levels while booking profits at the rise in prices.

Blue chip counters like reliance Industries Limited (RIL), Bharti Tele-Venture, Bajaj Auto, Bharat Heavy Electricals Limited (BHEL), Dr Reddy's Lab, Infosys Technologies, L&T and a few others were quoted moderately higher on fresh buying support from operators.

While HDFC, HLL, SBI, ONGC and Grasim showed modest falls due to selling pressure.