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Sensex expected to go past 3800 shortly; up 56 points to 3739.96 on buying support from FIs, FIIs

Infotech scrips led the rally on Dalal Street in Bombay on sustained buying support from the public financial institutions and foreign institutional investors, allowing the 30-scrip benchmark index, the Sensex of the Bombay Stock Exchange to breach the 3700-mark today.

The Sensitive Index ended 56.47 points higher at 3739.96 as against the previous close of 3683.49. The Sensex has gained by around 142 points in two straight trading sessions this week.

Opening on a positive note at 3708.39, the Sensex hit a high of 3781.97 and touched a low of 3707.97. Marketmen opine that the key index is set to cross the 3800-mark in this trading cycle.

Mirroring the uptrend, the BSE-100 index rose by 30 points to end at 1651.37. The BSE-200 and Dollex indices also rose by 7.80 and 3.06 points to end at 380.01 and 149.11 respectively.

Marketmen informed that local institutions and FIIs purchased in Satyam Computers, Pentafour Software and Infosys Technologies counters.

The Satyam scrip hit the upper circuit filter on reaching the 8 per cent band. The scrip rose by Rs 118 to 1620.

Pharma scrips were the other favourites with Glaxo and Ranbaxy attracting good buying interest.

Pentafour ended at Rs 1,250, L&T at Rs 33, Infosys Technologies at Rs 2,925, ACC at Rs 1,436, Hindustan Lever at Rs 2,264, Ranbaxy at Rs 665 and Glaxo at Rs 915.

UNI

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