In high volatility,the benchmark Sensex on Friday closed positive for five days in a row,the first time in 2009,up by 45.39 points on the back of a smart rally in stocks of metals,pharma,banks,and auto. The Bombay Stock Exchange 30-share index earlier touched a high of 10,127.09 and fell to a low of 9,913.40 before bouncing back to close higher by 0.45 per cent at 10,048.49 over the previous close. At the days high it was up by 124 points.
The broader 50-issue Nifty of the National Stock Exchange also improved by 26.40 points or 0.86 per cent to close at 3,108.65 from its last close. Brokers attributed the initial smart surge in the Sensex to the strong rally on Wall Street amid sustained buying by foreign funds. The Dow Jones Industrial Average and the Nasdaq Composite Index were up by 2.25 per cent and 3.80 per cent,respectively,on hopes that the US economys worst days might be over.
However,narrowly mixed trends in Asian indices at the end today weighed on the index and it surrendered part of the early gains on profit-booking by wary investors. Foreign institutional investors (FIIs) pumped in Rs 2,603 crore in the first four days of the week,including provisional data of March 26.