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Sensex shoots past 4900-mark

Mumbai, Oct. 16: Buoyed by a sharp rise in flow of investments and a string of good corporate results, the sensex breached the 4900-mark during the trading session before ending below this level in volatile activity on the Bombay Stock Exchange today.

The stock markets were not the lone beneficiaries of the robust foreign fund inflows. In one of the sharpest ever gains recorded by the Indian currency, the rupee rallied smartly today, breaking key resistance levels and closed at Rs 45.31/33 per dollar, an unprecedented single session gain of 36 paise.

In October, the FIIs have invested Rs 3,500 crore, which is an historical high. The total funds invested during the year by foreign funds have touched Rs 18,115 crore for the current year.

After a sharp rally, the heavyweight Reliance counter gave up a major part of its gains at the fag end of the session.

The BSE benchmark 30-share index finally ended at 4887.32 as against yesterday’s close of 4855.26, netting a gain of 32.06 points or 0.66 per cent.

In the specified group, 112, including 20 index-based counters registered losses while 82 others closed with gains. The volume of business again shot up to Rs 2790.02 crore from Rs 2388.76 crore yesterday.

Reliance rose by Rs 4.60 to Rs 484.60, ACC gained Rs 6.80 to Rs 211.50, HDFC by Rs 23.50 to Rs 554.05, Hindalco by Rs 11.70 to Rs 1101.60, ITC by Rs 11.30 to Rs 893.15, Ranbaxy by Rs 10.30 to Rs 1059.75 and SBI by Rs 10.05 to Rs 498.20.

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