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Sensex springs surprise, up 407 points

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<span style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px;">MUMBAI: In a relief rally that witnessed behind-the-scenes selling by foreign funds, the </span>sensex <span style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px;">reversed its four-session losing streak and ended with a 407-point gain at 18,313. The day's 2% gain in the index rode upbeat industrial data from China which added double-digit gains in some of the leading metal stocks. However, the nearly Rs 1,300-crore net FII outflow on Thursday is something to worry about for investors, market players said.</span><br style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px; margin: 0px; padding: 0px;" /><br style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px; margin: 0px; padding: 0px;" /><br style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px;">The day's session started on a flat note with the sensex fluctuating between the negative and positive territories but did not crack even when the </span>rupee<span style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px;"> fell to a new lifetime low of 65.54 in early session. After the rupee stabilized, the index rallied through the later half and closed near the day's high. </span><br style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px; margin: 0px; padding: 0px;" /><br style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px;">Although during the market hours there were talks about huge FII buying, end of the session data on </span>BSE<span style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px;"> showed a net outflow of Rs 1,278 crore, which may now impact sentiments on Dalal Steet on Friday. "FII figure will kill optimism," said Arun Kejriwal, director, KRIS, an investment advisory firm. "Going by the huge FII turnover (an aggregate figure of about Rs 8,300 crore) I think there is a lot of churn happening with foreign funds existing mid-cap </span>stocks<span style="background-color: white; color: #3f3f3f; font-family: georgia; font-size: 15px; line-height: 20px;"> to get into blue chips. And this is not a happy and healthy figure," Kejriwal said.</span></div>

Sensex springs surprise, up 407 points

MUMBAI: In a relief rally that witnessed behind-the-scenes selling by foreign funds, the sensex reversed its four-session losing strea...