Monday, March 6 2006 11:08 Hrs (IST) - World Time -

Mumbai: After a brief pause last weekend, the Bombay Stock Exchange's Benchmark 30-share Index (Sensex) once again turned buoyant and surged to new high of 10,706.26 points during morning trading as Institutional Investors continued to pump in investments into the equity.

There was ample liquidity in the stock market as Foreign Institutional Investors (FIIs) and domestic mutual funds remained consistent buyers. FIIs pumped in over Rs 1,807 crore in the first four days of last week while local funds made net purchases to the tune of Rs 616.60 crore in the same period.

The Sensex opened firm at 10,616.99 points against Friday's close of 10,595.43 and later rallied sharply to scale a new intra-trade record high of 10,706.26 at 10.30 am, up by 110.83 points over last close.

The market is very bullish, driven by high liquidity and expected to continue its upward march during the week, brokers said, crediting the strong trend to the country's rapid economic growth in the current fiscal.

Blue chip counters like Infosys Tech, Bharti Tele-Venture HDFC, Hero Honda, L&T, Tata Motor, Bjaja Auto, BHEL, HDFC Bank ICICI bank and Tata Steel were quoted remarkably up on fresh buying support.