Sensex trades 86 points up at 12,305 pts.

Mumbai, May 3 (UNI) The benchmark index of the Bombay Stock Exchange (BSE) was up by 86 points this afternoon at 12,305.40 points as compared to the last close of 12,218.

Banks were doing well this afternoon with the BSE Bankex index up by 2.21 per cent; BSE Consumer Durable index was also up by 1.31 per cent.

BSE Midcap and Smallcap indices were up by 0.77 per cent and 0.61 per cent respectively.

The NationalStock Exchange 50 share S&P CNX Nifty index traded flat at 3,607.80 points around 1320 hrs.

Earlier this morning markets turned volatile as the BSE Sensex touched new all time high of 12,323 points, then dipped into red trading at a low of 12,134 as compared to the last close of 12,218.

Close to 1,000 points gain since Friday when Sensex dipped to 11,344 was making markets cautious as it touched a high of 12,323 points this morning.

The crude oil prices hovered around USD 75 per barrels this morning at US 74.90 per barrel and investors in the markets turned cautious.

The BSE Sensitive Index (Sensex) opened higher with a gap of 13 points at 12,231.12 as compared to the last close of 12,218 points and soon crossed the 12,300 mark touching a high of 12,323 in the first half an hour of trading.

The National Stock Exchange (NSE) S&P CNX Nifty index opened flat at 3,604 as compared to the last close of 3605.45 and touched a high of 3,637 before falling to a low of 3,581.

Top Sensex losers were Hindalco, HDFC, Dr Reddy's Lab., Ranbaxy, Tata Motors, Grasim Industries, Bajaj Auto, Tata Steel,and Reliance Industries.

Top gainers were Gujarat Ambuja Cements, HDFC Bank, Bharti Tele., Satyam Computers, Maruti, Hero Honda,ICICI Bank, Tata Power, SBI, ITC.

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