Tuesday, December 27 2005 13:41 Hrs (IST) - World Time -

Mumbai: Equities in large numbers turned volatile on the Bombay Stock Exchange at noon today (Dec 27, 2005) with most of the domestic funds buying at existing low levels, pushing up the benchmark sensitive index higher by about 116 points.

The 30-share sensex, which tumbled more than 300 points in the last three trading sessions on selling by foreign funds ahead of the year-end winter break, drove equities to attractive low levels.

The market commenced on a weak note as the index quoted lower by 65.09 points, recovered sharply and shot up by 116.58 points at 9202.47 at 1230 hrs, on the back of brisk buying by mutual funds at counters like Reliance Industries, Infosys, Satyam Computers, Tata Steel, Tata Motors, ITC Ltd., Hind Lever, HDFC Ltd., ICICI Bank and SBI.

In a similar fashion, the second largest National Stock Exchange index Nifty shot up by 30.05 points at 2779.65.

Any change in share value of Reliance Ind and Infosys, which has one fifth weightage on the sensex, completely changes the market scenario.