Tuesday, January 24 2006 11:19 Hrs (IST) - World Time -

Mumbai: The stock market today (Jan 24, 2006) rebounded strongly lifting the Sensex by a hefty 88 points during morning trading in response to a sharp turnaround in the world markets while operators were engaged in roll-over of positions into February contract of the Futures.

Asian markets witnessed a firm trend during early trade. The Nikkei was quoted up by over 265 points, the Taiwan Index by over 72 points, the Kospi by 17 points and the Hang Seng by about 30 points at around 10.30 a.m.

The Bombay Stock Exchange (BSE) Benchmark 30-share Index (Sensex) opened sharply up at 9,503.43 against yesterday's close of 9,464.90 and later rallied further to a high of 0,571.15 before being quoted to 9,553.18, up by 88.28 points over previous close.

Foreign Institutional Investors (FIIs), however, have slowed down their inflows in equity since last week.

Brokers said the activity was at a low ebb in view of the approaching expiry of January contract in derivatives on Wednesday as the market will remain closed on January 26 for republic day holiday.

Key counters like Infosys Tech, RIL, SBI, TCS Ltd, HDFC, Hero Honda, L&T, HDFC Bank, ICICI Bank, ONGC, Satyam Computer Bharti Tele-venture and Tata Motor were quoted remarkably up on fresh buying support.