Foreign institutional investors (FIIs) continued their buying spree for the second consecutive day yesterday. Major stock indices notched up impressive gains backed by sustained FII buying.
The 30-share BSE sensex jumped 103.85 points (2.58 per cent) to end the day at a 13-month high of 4125.25 after touching an intra-day high of 4140 points. The 50-share NSE index gained 28.20 points (2.4 per cent) to 1176.35 points.
The foreign exchange markets remained dull yesterday after three days of volatility. The rupee closed at the previous day's level of 43.14 against the dollar. The currency moved in a range of 43.10-43.13 in the morning and touched 43.08 as State Bank of India started selling dollars. However, corporate demand was seen at these levels and the rupee fell again. Forward premiums remained relatively unchanged.
Tho