Mumbai: Share prices opened on a promising note and rallied further at initial stages on the Bombay Stock Exchange (BSE) on February 11 on fresh buying by operators on the back of positive advices from Wall Street.

Software counters were in the forefront on renewed buying by speculators following a marginal recovery of 14.21 points in the tech-heavy NASDAQ Composite Index on February 10 night. The Dow Jones Industrial Average also rose by 55.88 points.

Dealers said that operators turned optimistic on the news that Iraq has approved a UN demand for surveillance flights and France, Russia and Germany issued a joint declaration calling for more inspections in Iraq, part of a diplomatic initiative aimed at disarming Saddam Hussein without war.

The BSE-30 share Sensitive Index resumed firm at 3269.85 and moved in a range between 3278.79 and 3267.45 before being quoted at 3273.33 at 10:30 hours (IST) as against the February 10 close of 3256.86.

PTI