Reflecting the positive sentiment at the bourse, the BSE-30 share sensitive index moved above the crucial barrier of 3,100 points to close at 3,135.71 points registering a gain of 40.17 points. Similarly, on the first day of the trading account, the S&P CNX Nifty index closed at 907.75 points, a gain of 10.50 points. The advances versus decline ratio also mirrored the upbeat mood at the market. Advances on the NSE stood at 677, while the declines were marked at 291. However, on the BSE, the advances were pegged at 694, while the declines were close to 503.

Interestingly, over 40 per cent of the turnover on both the local exchanges have been contributed by Satyam Computers, ITC andPentafour Software.

Among the pharma and info-tech representatives, German Remedies, Ciba Special, Abbott Labs, American Remedies, BFL Software, Software Solution and Tata Elxsi have touched a new high on the BSE.

HCL Infosystems and Silverline Industries counters once again witnessed huge bulk deals executed at a premium to the market prices. While HCL Infosystems registered a deal of 9.9 lakh shares valued at Rs 27.5 crore, Silverline saw a deal of 9.5 lakh shares executed at a market value of Rs 10 crore.

According to market sources, FIIs were believed to have bought at the counters of Satyam Computers, MTNL, Dr Reddy's Laboratory, Bhel and Sterlite. On the NSE, however, FIIs and domestic institutions continued to be net sellers to the tune of Rs 5.31 crore and Rs 5.99 crore respectively. Interestingly, on the BSE, both the local and foreign institutional players turned net buyers to the tune of Rs 16 crore and Rs 8 crore respectively.

While select FII buying reflected on the sharp recovery at thecounter of MTNL, the counter on the demat segment of NSE registered a huge volume of 2.12 lakh shares valued at Rs 4.58 crore. The stock appreciated by 2.19 per cent on the NSE to close at Rs 216.90.

Among the pivotals, SBI, Bajaj Auto, Telco and Bhel registered recovery to the tune of 2-3 per cent on an average.