Mumbai: Share values resumed on a strong footing recovering overnight losses at opening session on the Bombay Stock Exchange (BSE) on July 2 on fairly good buying by foreign institutional investors (FIIs) and operators.

All-round buying by operators was noticed right from the onset of business, mainly forced by sustained heavy FIIs purchases, a dealer said, adding, "The market will not show any sign of tiredness unless and until FIIs stop buying."

Most of the index-based counters including heavyweights like RIL, BHEL, SBI, Tisco, ITC, Ranbaxy, L&T, Telco, HPCL, Dr Reddy and few others were quoted marginally higher.

Pharma shares remained favourites of institutional investors while textile stocks attracted renewed buying. The BSE-30 share Sensitive Index opened higher at 3613.42 as against the previous close of 3604.43 and moved further upwards to a high of 3632.82 before being quoted at 3631.06 at 10:30 hours (IST).

FIIs continued their buying spree and reportedly picked up select old-economy blue-chips while operators gave support to most of the second-line low-priced shares.

PTI