Mumbai, Jan 08: Responding positively to Securities and Exchange Board decision to okay margins trading, the Sensex jumped 152 points to touch a new high of 6119. Bulls that had slowed down earlier in the week, once again began building up positions after Sebi decided to permit brokers to finance clients through margin trading, market sources said adding the move might ignite a fresh bull run in the market. The BSE benchmark 30-share index opened strong at 5992.10 as against yesterday's close of 5957.02 . Sensex never touched below its opening points and eventually closed at 6109. Foreign Institutional Investors (FIIS) which remained net buyers in the first two sessions despite heavy sell-off by domestic investors, are also expected to continue their purchases ahead of quarterly corporate results to be announced by key companies shortly. Heavyweights like RIL, Grasim, GACL, Bhel, L&T, HLL, HPCL, Infosys Tech, ITC, Tata Motors, SBI and Satyam Computer were quoted sharply up.
Bureau Report