Realty,IT stock rally push Sensex above 11k-level again

Riding on a rally in realty,banking and IT stocks,the Bombay Stock Exchange benchmark index today ended higher by over 75 points to resume its winning ways. Aggressive buying by foreign institutional investors saw the bellwether index rising by close to 400 points before profit selling in the last session ahead of the weekend washed out the lion’s share of initial gains.

Realty,banking and IT counters bucked profit-booking to help the benchmark Sensex cut short its steep losses overnight and settle the day higher by over 75 points. The index touched a high of 11,339.47,a rise of about 392 points from yesterday’s close. However,profit-booking pulled it down to settle the day at 11,023.09,still a rise of 75.69 points or 0.69 per cent over its last close. Similarly,the 50-issue Nifty also recovered by 14.90 points or 0.44 per cent to 3,384.40 from its previous close.