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Sensex nears 12,000-mark while reaching a high of 11,986 pts

Written by: Staff

Mumbai, Apr 19 (UNI) The 30-share Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) traded quite close to the 12,000 mark at 11,932, with a gain of 110 points at 1404 hrs this afternoon.

Earlier, the benchmark index of the BSE opened with a gain of 58 points at 11,880.05, as compared to the last close of 11,821.57.

Fired-up by fourth quarter (Q4) results, the BSE Sensex continued its bull run while touching a high of 11,986.09, which was an all-time high and just 14 points away from 12,000 mark.

The National Stock Exchange (NSE) S&P CNX Nifty index traded 19 points up at 3,537, at 1125 hrs.

There was profit-booking in the sectors where valuations were over-stretched. Among the sectoral indices, BSE informnation technology index was down by 1.68 per cent, technology index was down by 1.39 per cent and, auto index was down by 0.84 per cent and FMCG index was down by 0.08 per cent.

Wipro announced a 30 per cent rise in its revenue to Rs 10,626 crore, thus surpassing the Rs 10,000 crore mark in the fiscal ending March 31. However, Wipro stock was down by 1.40 per cent this afternoon to Rs 562 at 1435 hrs. Earlier, it touched a high of Rs 598.90 as the Q4 results were out.

Other losers were - Infosys, Tata Power, Larsen&Toubro, Cipla, Bajaj Auto, Tata Motors, Maruti, Satyam Computers and Dr Reddy's Lab.

Sectoral indices on the upswing were BSE oil and gas, up by 1.86 per cent, metal index was up by 2.14 per cent and consuner durable index up by 1.62 per cent.

The top gainers on the Sensex were led by aluminium major Hindalco, which was up by 3.83 per cent to Rs 207.40.

Index heavyweight Reliance Industries was up by 3.00 per cent to Rs 918, on expectations of good Q4 results.

Other gainers were - Tata Steel, BHEL, ACC, Hindalco, HDFC Bank, NTPC, HDFC and Gujarat Ambuja Cements.


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