Sensex lifts up on financial institution buying
Mumbai: After a day of intense selling which saw foreign funds jettison several high value scrips, the BSE saw an upward swing when domestic funds and financial institutions made aggressive purchases.

As a result, the 30-stock BSE Sensitive Index, which opened 100 points weak around 4,365, jumped sharply by about 170 points from the day’s low and closed at 4,578, netting a gain of 115 points. At the BSE, advancing issues led the declining ones by 707 to 670. The National Stock Exchange (NSE) S&P CNX Nifty provisionally closed at 1384.70, up 19.65 points, or 1.44 per cent, from its Monday's close, also sharply up from its day's low of 1328.05.

Market veterans swear that the current volatility in the markets, is partly a result of high priced stocks like, Infosys Technologies, Satyam Computers and Zee Telefilms, which have been included in the composition of the BSE index. These cause the large abnormal volatility without changing the fundamentals.
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