For the ninth straight session, the benchmark Sensex maintained its upward rally by gaining more than 115 points in the early trading on the BSE today on funds buying.

The 30-share Sensex added another 115.46 points to 15,580.86 in first five minutes of trading as fund continued buying in heavy-weight stock.

Likewise, the wide-based NSE’s Nifty ascended by 28.25 points at 4507.50.

Mumbai: Market regulator SEBI has de-recognised Hyderabad Stock Exchange (HSE) as the stock exchange failed to dilute 51 per cent stake to non-brokers by August 28 as mandated by law.

In a release, SEBI said, “The recognition granted to HSE stands withdrawn with effect from August 29, 2007.”

Vishwas Agarwal, technical analyst said, “Market jumped on Friday under the leadership of Reliance Industries and other frontline stocks. BSE Sensex 15,350 is now important level to maintain for possible new highs. Market is in a very strong zone. Improvement of political situation after the government agreed to Left`s demand will strenghten market further.”

Mr. Agarwal has indicated that there is heavy accumulation in 20 F&O securities and anticipates that these stocks will gain in the coming month. He suggested capitalists to go in for all call options to make big profits with least risk.