Sensex recovers 202 points

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MUMBAI: The Bombay Stock Exchange sensitive index (Sensex) on Tuesday climbed above the 11000-level for the first time since May 18, with the support of banking and IT scrips, besides blue chip Reliance. The 30-share sensitive index opened strong at 10839.53 and closed at 11014.97, up by a steep 202.33 as operators bought heavily expecting foreign funds to enlarge their commitments on hopes that the U.S. Federal Reserve would not raise interest rates. Banking and refinery counters attracted good buying support led by ICICI Bank and RIL, respectively.

Foreign institutional investors picked up shares worth Rs. 122.91 crore on Monday while pulling out Rs. 449.59 crore in the derivatives segment. Domestic mutual funds, however, injected Rs. 248.78 crore on August 3 and 4. PTI

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