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Institutional investors keep up tempo; Sensex goes up to 4332.70 pts, gains 26.30 pts

Share prices gained further, though moderately, at the Bombay Stock Exchange as the buying spree by the institutional investors and local operators continued for the second straight day today.

Expecting the end of Kargil conflict after yesterday's report that Pakistan would withdraw its forces from the Line of Control, market players participated actively in the market, dealers said.

However, the players were cautious in view of no official declaration by Pakistan on the withdrawal, the dealers added.

The last day of weekly settlement at the National Stock Exchange also restricted the movement due to squaring up of positions by leading players, dealers said. Reflecting the uptrend, the 30-share BSE Sensex opened at 4326.77 points, touched the day's high of 4350.40 points, a low of 4307.17 points, before closing at 4332.70 points, showing a net gain of 26.30 points from the previous close of 4306.40 points.

With this, the Sensex has registered a gain of about 137 points during last two trading sessions.

UNI

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