Sensex improves further

MUMBAI, JUNE 3: Share prices improved further on the Bombay Stock Exchange BSE today mainly on fresh buying made by the foreign funds coupled with local support. The Sensex gained 41 points. The closing rates showed widespread gains.

The BSE sensitive index moved erratically in a range of 3992.19 and 3941.85 before closing at 3976.88 with a net gain of 41.06 points compared to the previous level of 3935.82. The BSE-100 index also rose by 16.14 points to 1720.28 from the previous close of 1704.14.

Brokers said the sentiment remained better following fresh purchases by FIIs and domestic institutions and funds. FIIs have reportedly picked shares in good quantity mainly in Larsen amp; Toubro, Telco, Reliance and others. Indian financial institutions and mutual funds too lent support by making sizeable purchases in ACC and BHEL besides refinery and fertiliser scrips had broken the crucial resistance level of 3965, market sources said.