There has been a sustained fund inflow into equity over last some weeks. The Sensex has been soaring and o Monday, started off on a string footing from Friday’s close at 10,860.04.

Later in the day, it shot up to 10,931.99 and at the end of the day closed at 10,903.73, an up of 43.69 points above the Friday close.

The Sensex is heading toward the crucial 11,000 mark and may achieve this over the next couple of weeks. The major driving forces are the Foreign Institutional Investments (FII) and the local Mutual funds.

Note worthy on Monday was the surge ahead of the shares of Zee tele-films. They shot up abruptly to a high of 256.75 and later stablised at 250.85 as compared to the Friday’s close of 232.20.

After hitting a new lifetime high of 3,268.25 points, the 50-share Nifty finally ended the day with a 1 per cent or a 31.60-point gain. Dealers said the sentiment remained strong and fund buying continued. The shares of technology, media and metal companies were under focus today. Significant buying was seen at these counters, dealers said.

The brokers were of the opinion that Sensex is going to rise in the coming time as operators are expected to cover short positions.

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