Sensex opens 118.67 points up, Nifty hits high

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Mumbai, Dec 11: The Bombay Stock Exchange (BSE) sensitive index today opened 118.67 points up at 20049.35 on a firm note taking cues from global markets.

After making a firm start over the psychological level of 20,000, the benchmark Sensex hovered around the previous achieved all-time high. It touched a high of 20213.50 in afternoon trade, registering a gain of 282.82 points from the previous close of 19930.68.

Similarly, the National Stock Exchange (NSE)'s Nifty index opened almost steady at 5960.40 and hit an all-time high of 6072.45, gaining more than 110 points in the afternoon trade.

The market surged in early trade on strong cues from global markets ahead of US Federal Reserve's meeting today to decide the Fed rate cuts, traders said.

ONGC and Bharti Airtel were major gainers from Sensex whereas Infosys was the lone loser from the Sensex pack. Realty, banking and metal stocks edged higher, and Reliance Industries advanced. BSE Mid-Cap and Small-Cap indices hit all-time highs.

Asian markets were trading higher today. US markets had ended higher yesterday.

BSE Mid-Cap index rose 1.42 per cent to 9246.76. It hit an all-time high of 9248.86 today. BSE Small-Cap index rose 1.67 per cent to 11723.01 and hit an all-time high of 11733.22.

Market breadth was strong. On BSE, 2,207 stocks advanced, 505 stocks declined and 38 stocks remained unchanged. Twenty-eight out of 30 stocks advanced in the Sensex pack.

Reliance Industries rose 1.86 per cent to Rs 2,875. Realty stocks surged in mid-morning trade, and Indiabulls Real Estate was up 3.21 per cent to Rs 736.80, Unitech was up 2.57 per cent to Rs 453.65 and DLF was up 0.5 per cent to Rs 1,031.

Banking stocks rose and ICICI Bank, HDFC Bank and State Bank of India stocks were trading firm by 1 to 1.5 per cent.


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