Sensex above 12,000 mark despite FIIs selling

Mumbai, Apr 21: The benchmark index of the Bombay Stock Exchange (BSE) opened with a gain of 14 points at 12,053 as compared to the last close of 12,039.

The Sensitive Index (Sensex) of the BSE went to another all time high of 12,102 points this morning but remained quite volatile.

Sensex was in and out of the red and green and traded at 12,043.18 at 1153 hrs just three points up, after crossing 12,000 mark yesterday.

Foreign fund outflow due to Foreign Institutional Investors (FIIs) of Rs 201.10 crore, as reported by the SEBI on Wednesday when Sensex gained 74 points, was hurting investors' sentiment.

Record high crude oil price at USD 71-72 per barrel was also hurting market sentiments.

The National Stock Exchange (NSE) S&P CNX Nifty index traded six points down at 3,567 points at 1201 hrs.

Among the sectoral indices, BSE Oil&Gas index was up by 1.75 per cent, BSE FMCG index was up by 1.46 per cent, and BSE Health Care index was up by 1.27 per cent, BSE Automobile index was up by 0.96 per cent. Most of the other indices were flat.

BSE midcap index was up by 0.40 per cent whereas the BSE smallcap index was up by 0.45 per cent.

The top gainers on the Sensex were led by Ranbaxy Laboratories up by more than six per cent at Rs 502.10.

Other gainers were Maruti, Gujarat Ambuja Cements, HLL, Grasim Industries, Reliance Energy, ITC, Cipla, Tata Motors and ACC.

The losers were Satyam, Hindalco, Reliance Industries, NTPC, Tata Steel, ONGC, Wipro, Dr Reddy's Lab, SBI, and Tata Power.

UNI