Sensex up 110 points

After three days of correction, Bulls were back in action on Friday. Dalal Street resumed its forward march with the barometer BSE Sensex rising 110 points to an all-time closing high.

The Sensex jumped 109.71 points or 1 per cent to a lifetime closing high of 10,950.30. The S038;P CNX Nifty gained 32.65 points or 1 per cent to settle at 3,279.80.

According to market circles, buying by FIIs and mutual funds boosted the bourses. Metal, construction stocks and power generation were in demand. ITC surged on renewed FII buying. 8216;8216;The resignation of Sonia Gandhi didn8217;t have any effect today,8217;8217; said a BSE dealer.