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Sensex rises again, up 8.33 points

The uptrend on the country's premier bourse, the Bombay Stock Exchange continued on the first day of the current settlement cycle, following major buying support from domestic institutional investors today.

The leading brokers said that due to the uncertain political situation at the Centre, foreign institutional investors (FIIs) -- Templeton, and Jardine Fleming -- have sold a considerable number of heavy-weighted shares. But local institutions -- Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation of India, and banks supported the market, which arrested further fall of capital market, they added.

The market opened with selling pressure from all corners as most of the market players were busy squaring up their positions. During the latter part of the trading, financial institutions started purchasing bluechip stocks and consequently, equity prices recovered marginally, brokers said.

Mirroring the uptrend, the BSE Sensitive Index (30 scrips) opened slightly lower at 3252.43 points, touched a day's high of 3580.91 points, low of 3539.25 points, before closing down to 3578.10 points, showing a net gain of 08.33 points as against its previous close of 3569.77 points.

The broadbased BSE National Index (100 scrips) closed at 1548.05 points over the last trading day's close of 1544.03 points, gaining 04.02 points.

The BSE-200 and Dollex Indices finished at 348.03 and 157.41 points as compared to last Friday's close of 342.16 and 157.36 points.

UNI