Friday, March 17 2006 11:34 Hrs (IST) - World Time -

Mumbai: Driven by high liquidity, the Bombay Stock Exchange's Benchmark 30-share Index (Sensex) today(Mar 17, 2006) opened past 10,900 mark for the first time and hit a life-time trading peak of 10,951.38 points during morning trading as investors continued their purchases in key counters.

In highly volatile trade, the Sensex, however, met with resistance after rising to intra-day high of 10,951.38 points and dipped to a low of 10,902.26 points before being quoted at 10,935.00 at 10.30 am, up by 56.26 points over yesterday's (Mar 16,20006) close of 10,878.74.

The National Stock Exchange's S&P CNX Nifty also soared to an all-time record high of 3,248.40 before falling back to 3,247.45 at 10.30 am, up by 20.85 points from last close of 3,226.60.

The market is extremely bullish as Foreign Institutional Investors (FIIs) and local institutions continued to pour in funds into equity even at the prevailing higher levels.

The market is expected to cross the 11,000 milestone today if institutional investors remained sustained buyers during the day, brokers said.

Foreign Institutional Investors (FIIs) and domestic mutual funds have been consistent buyers during the month and pumped in a massive Rs 3,645 crore and Rs 1,924 crore in equity in the first ten sessions.

Majority of heavyweighted counters were quoted remarkably up on fresh buying support.