Sensex climbs beyond 11,700 on continued bull run

Mumbai, Apr 4: Soon after opening, the benchmark index of the Bombay Stock Exchange crossed 11,700 mark first time ever after yesterday's historic close with a gain of 284 points at 11,564 points.

The index touched an all-time high of 11,710.69 points before falling sharply.

The 30 share Sensitive Index (Sensex) opened with a gain of 35 points at 11,599.80 points as compared to the last close of 11,564.36.

Sensex touched a low of 11,570 before showing a recovery this morning.

Among the gainers included HDFC Bank, ICICI Bank, Ranbaxy, SBI, HDFC, Wipro, ITC, Reliance, Larsen&Toubro, ACC and BHEL.

The National Stock Exchange (NSE) S&P CNX Nifty index crossed 3,500 mark this morning going upto 3,508 points, but dropped sharply to trade at 3,475 at 1135 hrs.

The sectors gaining this morning were BSE Bankex and Capital Goods Indices with gains of 1.69 and 1.01 per cent respectively.

The BSE smallcap index was down by 0.43 per cent and BSE Midcap index was down by 0.30 per cent showing profit booking across the sectors after the bull run yesterday.

There was block deal in the Bharat Forge of 7.5 lakh shares at the rate of Rs 451.50 per share.

The global crude oil prices have been rising and were up at USD 66.46 per barrel in the New York Mercantile Exchange (NYMEX), which could concern investors.

UNI