Mumbai: The sensex opened on a promising note and continued its upward march during morning trading in line with a fresh stocks rally on the Stock Exchange (Mumbai) today (November 28) on sustained buying support from retail investors as well as operators.

Retail investors, who had stepped up participation in the last few sessions, are expected to book profits in a bid to square up positions during the latter part of the concluding session of the week.

The BSE Benchmark 30-share Index opened up at 4995.15 as against yesterday's (November 27) close of 4989.04 and later rose past the magic 5000-mark to a high of 5030.87 before being quoted at 5028.35 at 10: 30 AM (IST).

The rally seemed to have been prompted by fairly heavy net investments of Rs 159 crore on November 25 by Foreign Institutional Investors (FIIs), which otherwise are supposed to slow down activity ahead of the year-end, brokers said.

The participation by domestic mutual funds that remained net buyers since last week and retail investors is considered crucial for the future market trend.

Key stocks like RIL, Tata Motor, Tisco, Satyam Computers, SBI, ACC, BHEL, BSES, GACL, Grasim Ind, ITC, L&T and ONGC were quoted remarkably higher on fresh support.

Among the top gainers, Jindal Strips were quoted up by 20 per cent, Motor Ind by 5.00 per cent, TN Petro by 4.68 per cent, Info Ent by 4.44 per cent, Sygenta by 4.39 per cent, McDowell by 3.61 per cent, Andhra Bank by 3.21 per cent and Adani Exports by 3.08 per cent.

PTI