Mumbai, Jan 17 (UNI) The benchmark index of Bombay Stock Exchange

(BSE) on Wednesday scaled by 310.77 points to breach the 35K-level

and end for the first time at 35,081.82 on ease in worries over

fiscal deficit.

The Nifty of National Stock Exchange (NSE) too advanced by 88.10

points to 10,788.55.

The rebounding Indian currency also gave support to the equity

markets.

The Finance Ministry on Wednesday lowered its additional borrowing

plan to Rs 20,000 crore for the fiscal from the earlier proposal of

raising an extra Rs 50,000 crore from the market. The reduced

borrowing would help contain fiscal deficit within the target.

Strong liquidity in the market following unabated buying by foreign

funds inflows and encouraging Q3 earnings by some companies also

boosted the sentiments of the investors.

The Sensex declined by 18 points to 34,753.80 in the morning trade

and then fell by 65 points to touch the day's low at 34,706.82.

Later, it bounced back by 347 points to hit the day high of

35,118.61, before closing at 35,081.82, advancing by 310.77 points

as compared to it last close.

All the sectoral indices including Bankex, IT, Health Care, Capital

Goods and Realty gained by more than one per cent each that boosted

the market sentiment.

Scrips of Axis Bank, SBIN, ICICI Bank and Axis Bank too shot up,

while selling in Wipro, HDFC Bank, Hero MotoCorp and ONGC capped its

further gains, brokers informed.

Among the secondary indices, the S&P BSE Mid-Cap index rose by

0.66 per cent. The Small-Cap index increased by 0.43 pc. Both these

indices underperformed the Sensex. The side indices recovered after

witnessing sharp fall earlier during the session.

The market breadth turned positive from negative in late trade on

BSE, as 1,458 shares advanced while 1,443 declined and 146 were

unchanged.

Foreign portfolio investors (FPIs) bought shares worth Rs 693.17

crore, while domestic institutional investors (DIIs) sold equities

worth Rs 246.38 crore on Tuesday as per data.

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