Sensex crosses 12,000 mark in special live trading session

Mumbai, Apr 29 (UNI) Markets today were back to all time high levels with the BSE Sensex closing 190 points up at 12,042, an all time high, in the three hour special live trade conducted between 1030 hrs to 1330 hrs.

The National Stock Exchange (NSE) S&P CNX Nifty index too closed with a gain of 49 points at 3,559 points.

Earlier the Sensex opened higher with a gap of 30 points at 11,881 as compared to the last close of 11,851 points and soon crossed the 12,000 mark in the first half an hour of trading.

Nifty opened flat at 3,508.35 and touched a high of 3,559.80 by 1102 hrs.

There was an across the board rally in the market this morning following market regulator SEBI relaxing the penalties on top brokerage firm Indiabulls and allowing the 24 tainted brokers to trade in their retail client accounts.

Nifty's Bank index was up by 2.54 per cent with rally in the banking blue chips.

SBI gained 3.43 per cent closing at Rs 913.10 while Punjab National Bank closed 3.48 per cent up at Rs 432.90.

The top gainers on the NSE Nifty were Grasim Industries up by 7.16m per cent to Rs 2,517, Gujarat Ambuja Cements was up by 6.80 per cent to Rs 124.15; ACC closed up by 6.35 per cent at Rs 1,013.75 thus crossing Rs 1,000 mark first time; VSNL closed up by 6.10 per cent at Rs 440.75; Hindalco closed 5.25 per cent up at Rs 224.45 on expectations of good fourth quarter results; IPCl gained 4.37 per cent at Rs 272.35; Jet Airways closed up by 4.22 per cent at Rs 963.70; Punjab National bank closed up by 3.48 per cent at Rs 432.90; SBI gained 3.43 per cent at Rs 913.10 and NALCO gained 3.32 per cent at Rs 319.

The losers on the NSE Nifty were Sunpharma down by 0.84 per cent at Rs 866.10; HPCl closed 0.67 per cent down at Rs 320.15; Dr Reddy's Lab closed down by 0.52 per cent at Rs 1,432.30; BPCl closed 0.47 per cent lower at Rs 438.05 crore; Hindustan Lever closed 0.36 per cent lower at Rs 289.50; GAIL closed down by 0.24 per cent at rs 289.15 and HCL Tech. closed 0.21 per cent at Rs 575.

Market will be closed on May one on the occasion of Maharashtra Day celebrations.

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