Sensex rises by 84 points

Brokers said the sentiment was boosted following the speculative support extended by local operators in view of start of the new account and fresh purchases from foreign institutional investors FIIs. The fresh upsurge was attributed to sustained boost in South-East Asian stock markets. The Nikkei stock average had climbed by 277.67 points in the morning session on the back of strong yen against the dollar that fell to aseven-month low, after the average closed up by 218.37 points on last Friday.

With the badla rates normal at about 18 to 21 per cent per annum at the turn of settlement, operators extended their commitments on the back of good purchases by FIIs in Indian economy stocks like TISCO, TELCO, Reliance and others besides multinational stocks like Castrol and Glaxo.

In the specified group, 22 scrips including index heavy weights like TELCO and TISCO were locked in upper circuit filter after exhausting the eight per cent limit. Of the 148 traded specified shares, 130 scored sharp to moderate gains while 16 dipped marginally and two remained unchanged.