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Sensex blazes past 12,000 mark for first time

Written by: Staff
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Mumbai, Apr 20: In a never before seen bull run the Bombay Stock Exchange (BSE) Sensitive Index(Sensex) crossed the 12,000-mark for the first time, closing at 12,039.55 with a gain of 143.57 points.

Sensex touched a new all time high of 12,053.74 points after crossing the 12,000 mark before cooling off.

Sensex took just 19 trading sessions to travel from 11,000 points to 12,000, which was the fastest 1,000-point gain by the index in its history.

Sensex had crossed the 11,000-mark for the first time on March 21.

Sensex has gained a huge 802.32 points in the last four days climbing from 11,237.23 to 12039.55 points.

Sensex had dipped to 11,008.43 points on April 13, but since then it has recovered more than 1,000 points in the last four trading sessions.

''The rally is liquidity driven and fundamentally this rally is moving ahead of time, market needs to consolidate a bit and hence there will be choppiness in the market in the coming three-four months,'' said Angel Broking CMD Dinesh Thakkar.

''The downturn in market seen last week was temporary, the way forward is positive and 15,000 mark also seems a possibility now, said Mr Mahesh Thakkar, a trader and investor in the equity market.

Three leading business houses of Reliance Industries, the Tatas and the Birlas played a key role in Sensex crossing 12,000 mark today, topping the Sensex gainers list.

Reliance Industries, with 8.04 per cent gain closed at an all time high of Rs 994.90, and was one of the prime mover of the Sensex today above the whopping 12,000 mark as it almost touched Rs 1,000 mark rising up to Rs 999.95 in intra-day trade.

Tata Steel gained 5.76 per cent closing at Rs 644.05 and Tata Motors gained 3.07 per cent closing at Rs 952.

Kumar Manglam Birla owned aluminium giant Hindalco gained 5.56 per cent closing at Rs 215.55.Another Birla company Grasim Industries gained 1.88 per cent closing at Rs 2,352.45.

Oil and Gas giant ONGC too chipped in with 1.60 per cent rise to Rs 1,349.25 in today's run to 12,000 mark.

UNI

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