Sensex Up 145 Pts To 2-Week High Despite Inflation Worries

Mumbai, Sept 2: The BSE Sensex rose for the third session in a row today to reach 2-week high of 16,821.46, up 145 points, as investors picked up strong stocks at lower levels despite spurt in food inflation to double-digit and weak global markets.

There was good buying in metals, auto, refinery and realty stocks on renewed buying by foreign funds. FIIs pumped in Rs 485.40 crore on August 29 and Rs 620.90 crore on Tuesday as per provisional Sebi data.

RIL, the top heavyweight on Sensex, was the most sought after stock and gained 3.06 per cent. In three trading days, it has gained 11.93 per cent and has been major contributer to the market gains.

From: http://ping.fm/4QRXh