| Sensex claws back 191pts to end at 10,765.16 |
| Our Markets Bureau / Mumbai March 11, 2006 |
| The Sensex surged to a new high of 10,782.34 points today, fuelled by aggressive buying by foreign and domestic financial institutions. Data showing a strong 8.3 per cent growth in industrial output in January and reports that rains are expected to be normal this year fuelled the sharp rally. Farm-related stocks like Punjab Tractors and Mahindra & Mahindra went up sharply. The index ended the day at 10,765.16, registering a sharp rise of 191.62 points. The S&P CNX Nifty gained 55 points to close at 3183.90. The market breadth was strong, with 1,446 shares advancing and 1,100 shares declining. The total turnover on the BSE was Rs 4,716 crore and on the NSE Rs 9,443.50 crore. On Thursday, FIIs were net sellers to the tune of Rs 287 crore when the Sensex was up 64 points. FIIs have pumped in $3.086 billion into the cash market in 2006, with $1 billion coming in just nine trading sessions. While the FII inflows in January were only $737.50 million, February witnessed aggressive inflows of $1.3 billion. |
